Foreign buyers prop up London property values November 1, 2010 FOREIGN buyers are helping push up house prices in the most affluent areas of central London, according to fresh research. While the value of prime homes in London has fallen one per cent since July, overseas buyers have buoyed prices in areas like Kensington and Chelsea, says agent Knight Frank. Foreign buyers made up 68 [...]
BEST OF THE BROKERS November 1, 2010 CARNIVAL Shore Capital rates the cruise operator a “sell” with a target price of 2,724p. The broker argues that the firm’s share price corresponds to consumer confidence, which continues to soften in the long-term. Profit at the company is also linked to oil prices, with every $10-per-barrel rise knocking 25 cents from earnings per share, [...]
Apple under pressure to make a big money deal November 1, 2010 APPLE has $51bn (£32bn) burning a hole in its very deep pockets. This has led to rumours it is about to buy anything from a small European nation (possibly Belgium) to a terracotta army fashioned in the image of its iconic leader Steve Jobs. Most persistent, though are the whispers that it is fallen Japanese [...]
CITY MOVES | WHO’S SWITCHING JOBS November 1, 2010 RBC Capital Markets The corporate and investment bank has hired Mark Sartori as head of European trading and sales trading, and Calum MacInnes as head of European sales. Sartori, pictured, was most recently at Macquarie Securities, where he was head of financial institutions. He has also worked at Fox-Pitt Kelton, Cazenove and Credit Suisse. MacInnes [...]
Chrysalis is looking for merger deal November 1, 2010 Independent music firm Chrysalis yesterday made public its intention to find a buyer, pushing its shares up by more than 20 per cent. The company, which owns tracks by artists including Michael Jackson and David Bowie, is also considering merging its operations with a another firm. A company spokesman admitted the firm is “in early [...]
Great wine-dining near St Paul’s November 1, 2010 Bar Battu 48 Gresham Street, W1U 5QU, EC2V 7AY tel: 020 7036 6100 FOOD SERVICE ATMOSPHERE Cost per person without wine: £25 POOR Bar Battu. A brilliant little restaurant opens with delightful staff, genuine enthusiasm for the good things in life, surprising wine – at times truly special – and delicious food, and all people [...]
TASTING NOTES: THE IVY TURNS 20 November 1, 2010 IT may not be a surprise to spot actors at luvviedom’s favourite restaurant, The Ivy, but you don’t generally expect them to be performing. However, anyone having dinner at there next week will witness exactly that, in what I suppose you could call the year’s most exclusive show. Actors will be seen gliding between tables, [...]
FOOD & BOOZE NEWS November 1, 2010 PAN ASIAN PUB OPENS IN NOTTING HILL Pi Pa duck and flower buns, and black cod with pickled kyurizuke – served with a pint in a pub? You bet, thanks to the opening this week of the Chesterfield in Westbourne Park. Plush upholstery and a long mahogany bar make it perfect for a wintry drink, [...]
Employment law could be relaxed October 31, 2010 DAVID CAMERON is considering making it much harder for employees to bring unfair dismissal cases, Downing Street sources said yesterday. The Prime Minister could soon announce plans to double to two years the amount of time that a member of staff must be employed before they can claim unfair dismissal. Currently, any worker who has been [...]
RBS hires £2m legal win banker October 31, 2010 ROYAL Bank of Scotland (RBS) has hired the former Dresdner Kleinwort banker who became a controversial City figurehead after suing his employer for refusing to pay him a bonus. John McIntyre, who won close to £2m after taking his fight to the courts, will join RBS as head of corporate finance for Europe, Africa and the [...]
