LETTING December 9, 2010 Ceo of the uk’s largest online lettings agent upad.co.uk Q.My tenants have painted one of the rooms in the house I let them black. What do I do? A.(This question comes from a landlord who has discovered that one of the rooms in a house he rents out to private tenants has been painted black. [...]
PROPERTY NEWS December 9, 2010 DEMAND FOR PROPERTY AT QUARTER’S HIGH Demand for property is on the rise for the first time in four months, according to the National Association of Estate Agents. House-hunters increased in November, attracted to falling prices, while supply remains static. Close to Christmas, there are usually fewer sales to avoid family disruption; people also tend [...]
Live in romantic style overlooking Piccadilly itself December 9, 2010 IF YOU stroll down any of London’s busiest and most famous boulevards, you can generally look up above the shops and restaurants to floors of offices filling what were once grand residences. The opportunity to actually live in one of these places is rare enough, and to live overlooking the street that epitomises the glamorous [...]
The irrepressible entrepreneur December 9, 2010 MOST people will recognise Brent Hoberman as the poster boy of the first dotcom bubble. He and his co-founder Martha Lane Fox publicly listed Lastminute.com on the day the market peaked. Yet unlike so many internet businesses they rode out the crash before selling the business in 2006 for $2bn. “We hit a zeitgeist moment,” [...]
Need to know: private equity December 9, 2010 PRIVATE equity does not have a great reputation. Entrepreneurs talk about private equity offers as if they were Venus flytraps: the firms lure you in with the promise of capital and then before you know it you are trapped under their control. But at a time when bank loans are hard to come by, small [...]
Q&A BIS FUNDING December 9, 2010 Q. Does the Department of Business Innovation and Skills (BIS) have programs that help entrepreneurs? What are they? A.BIS has several programs that can give extra funding to entrepreneurs. Chief among them are the Enterprise Finance Guarantee (EFG) and the Enterprise Capital Funds (ECF). EFGs are bank loans intended for small and medium sized enterprises [...]
Banks plan an elite currency deal platform December 9, 2010 BIG banks frustrated by the opening of foreign exchange markets to greater competition plan to launch a rival, bank-only currency dealing system, City A.M. learned yesterday. The move aims to restore their level of influence in currency markets, which has declined since the Icap-owned EBS trading platform was opened to non-bank institutions such as high-frequency [...]
Spotify forced to postpone US plans December 9, 2010 MUSIC streaming firm Spotify has admitted it will not realise its ambitions of launching in the US before Christmas. The firm said as recently as last month it would meet the target despite failing to sign agreements with all of the big four US labels. But founder and chief executive Daniel Ek said yesterday he [...]
Rolls Royce fire to cost $500m December 9, 2010 ROLLS Royce could face costs of up to $500m (£380m) in coming years as a result of the explosion last month in one of its Trent 900 engines. The estimate, drawn from aviation experts, includes the cost of redesigning engine parts and potential compensation to customers, according to the FT. It is considerably higher than [...]
DS Smith posts 17.5pc profit lift December 9, 2010 BRITISH packaging and office products firm DS Smith posted a 17.5 per cent rise in first-half pre-tax profit on strong volume and revenue growth at its recycled packaging business, and said it was upbeat about the second half. The company, whose customers include Procter & Gamble and Nestle, also raised its interim dividend by a [...]
