Sony set to hit PS3 target September 16, 2010 Sony yesterday said its PS3 game console sales were on track to reach its target of 15m units for the year to March 2011, with sales for the April-September first half likely to be just above forecast. “As of the end of August, sales look a bit better than we expected,” said Kazuo Hirai, president [...]
Resurgence of business demand boosts recovery for London hotels September 16, 2010 A ROBUST recovery in the fortunes of London’s hotel industry is set to continue apace over the next year, according to new research out today. The average room rate at hotels within the capital is set to rise seven per cent in 2010 to £124, according to the latest PricewaterhouseCoopers UK Hotels Forecast, boosted by [...]
CITY MOVES | WHO’S SWITCHING JOBS September 16, 2010 Oppenheimer Investments Iain Morpeth, one of Clifford Chance’s most senior private equity lawyers, is joining the Swiss project financing adviser as its new chief operating officer, based in London. Morpeth has been at Clifford Chance for the past 23 years and specialises in the real estate sector. His track record includes advising on Meridian Delta [...]
Don’t get caught out by CGT September 16, 2010 BRITONS are set to waste over half a billion pounds this tax year in unnecessary capital gains tax (CGT) payments, research from unbiased.co.uk revealed earlier this week. The professional advice website said that UK taxpayers will waste £552m by not being CGT-efficient and warned that the capital gains tax rate rise to 28 per cent [...]
Forget Primark. Buy Chanel for value September 16, 2010 WITH fashionistas flocking into the capital for the start of London Fashion Week today, shopaholics might be itching to join the festivities and splash out on designer wares. It might sound unlikely, but there are certainly worse ways to make an investment. According to research by Mintel, Brits spent £46.2bn on clothing and adornments in [...]
PERSONAL FINANCE NEWS September 16, 2010 HALF OF WOMEN WITHOUT A PENSION Almost half of all British women of working age do not have any pension provision, a study conducted by Baring Asset Management showed earlier this week. The total number of women who have yet to retire without a pension is increasing year-on-year. Equally shocking, a fifth of all working [...]
A farmer’s work is never done September 16, 2010 ANYONE who watched Channel 4’s Young Black Farmers series will remember Wilfred Emmanuel-Jones. He brands himself “The Black Farmer”, the entrepreneur behind the gluten-free food range of the same name. He lives between his London office, his Devon farm and his Wiltshire home where he stood as the Conservative party candidate earlier this year. Born [...]
Business plans need to measure up too September 16, 2010 DESIGN entrepreneurs have come from across the globe to London Fashion Week, starting today, to show off their creations. The industry oozes exclusivity, appearing the preserve of the wealthy and connected. It begs the question of how difficult it is for somebody to set up and grow a business in this world. Do creative geniuses [...]
IMPACT OF VAT September 16, 2010 Q.As a small business-owner, what do I need to know about the VAT increase? A.The standard rate of VAT is 17.5 per cent at the moment but this will be rising to 20 per cent in three months time. If you are a business that issues VAT invoices, then you must use the 20 per [...]
The seaside bohemia that’s in your backyard September 16, 2010 EVEN the most devoted Londoners can tire of the big smoke – especially those raising families. But rather than heading to established commuter havens in Kent, Hampshire and Hertfordshire to pursue your pastoral dream, you could do far worse than consider Brighton. It’s cheaper, cheerful and offers a totally unique combination of sea, beautiful countryside [...]
