Asda poaches Sainsbury’s executive Roger Burnley to be chief operating officer October 13, 2015 Asda has poached one of rival Sainsbury’s top executives as competition among the supermarket chains heats up. Sainsbury’s retail and operations director Roger Burnley is jumping ship to take up the role of chief operating officer at Asda, the Walmart-owned group announced this morning. The appointment comes after Asda reported its worst ever quarterly result in the 16 [...]
UK retail sales bounced back in September after miserable weather hurt August spending – BRC October 13, 2015 UK retail sales bounced back in September after the miserable weather in August brought summer to an abrupt end. Figures from the British Retail Consortium (BRC) and KPMG this morning show that like-for-like UK retail sales were up 2.6 per cent in September compared with the same month last year, when they had decreased 2.1 [...]
Healthcare property group Assura raises £300m through equity placings to fund expansion October 12, 2015 Healthcare property group Assura said yesterday it has raised more than £300m using equity placings as it seeks to expand its portfolio of GP surgeries and health centres. The listed-company, which develops, owns and manages healthcare facilities that are then leased back to local NHS organisations or GPs, has raised gross proceeds of £309m through [...]
RBS and Patron Capital sell 32 UK hotels to owner of Thailand’s Singha Beer October 12, 2015 The Royal Bank of Scotland and private equity group Patron Capital have sold a portfolio of 32 UK hotels for £160m to Thai joint venture including Thailand's biggest beer-maker. The business, known as Jupiter Hotels, owns and manages 26 hotels spread out across the UK and operating under French hotelier Accor’s Mercure franchise. The pair [...]
UK buyers snap up first 100 homes inside BBC Television Centre October 12, 2015 More than 100 homes inside the former BBC Television Centre in London’s White City have been snapped up after going on sale at a preview launch to UK buyers last month. The 14-acre BBC campus is being redeveloped into a new £1.5bn neighbourhood district to rival the West End with 350,000 sq ft of offices, a [...]
Dunelm share price edges down despite new boss John Browett snapping up £200,000 shares October 12, 2015 Former Dixons chief executive John Browett has spent more than £200,000 of his own cash snapping up Dunelm shares as he prepares to take over the reins as chief executive in January. Browett, who joined the board of the homeware retailer in July, has bought 18,608 shares at £9.27 and 2,998 shares at £9.25, giving him a stake of [...]
Tesco share price rises as bosses dip into their pockets and buy stake in troubled supermarket chain October 8, 2015 Tesco's board have thrown their support behind the embattled supermarket group by buying nearly half a million pounds worth of shares. Chief executive Dave Lewis has spent £200,000 of his own cash to buy his first 99,950 shares in the grocer. Non-executive directors Richard Cousins and Mikael Olsson have also invested in the business for the [...]
Tottenham , Dartmouth and Folkestone: These are Britain’s high street rising stars October 8, 2015 Tottenham has been crowned one of the country’s “rising stars” as part of a competition to find the best high streets in Britain. The gritty north London suburb, which has been trying to shake off its recent history of violence and riots, was one of 10 high streets that came runner-up after missing out on [...]
The Docklands, Stratford and east City fringe are the last three areas in central London with office space under £40 per sq ft October 7, 2015 Companies hoping to fork out less than £40 per square feet for offices in central London may be disappointed, after new research shows there are only three areas left offering space at those prices. The Docklands, Stratford and east City fringe are the only three sub-markets in the capital offer Grade A office space at [...]
Universal Music to move UK headquarters from Kensington to King’s Cross October 6, 2015 Universal Music is moving its UK headquarters to King’s Cross, in a major coup for Argent, the developers behind the regeneration of the 67-acre scheme. The music giant, which is currently based in Kensington, confirmed it has signed a long-term lease for the entire office space at Four Pancras Square, a ten-storey building totalling around [...]
