Metropolitan Police propose sale of New Scotland Yard HQ October 30, 2012 LONDON’S police force could leave its iconic New Scotland Yard base in order to meet tough cost-cutting measures imposed by City Hall, it was revealed yesterday. The Westminster building has been the force’s headquarters for 45 years but the Met says dramatic measures are needed if it is cut £500m from its existing £3.6bn annual [...]
Government plans boost for employee ownership model October 30, 2012 THE GOVERNMENT yesterday unveiled a package of measures aimed at promoting the employee-ownership model, with the aim of allowing more workers to have a stake in their business. This will see the development of a simple “off the shelf” template for setting up an employee-owned company, as well as work to raise awareness of the [...]
Prime property in capital still rocketing up October 30, 2012 PRIME London property values soared in the third quarter, two separate data releases showed yesterday, boosting the number of homes worth more than a million pounds to over two fifths. Forty-three per cent of homes in prime London areas are now worth at least £1m, data from estate agent Marsh & Parsons showed, compared to [...]
Can you see the appeal of a converted office building? October 30, 2012 PAUL COOPER | OSBORNE CLARK Converted office units offer an alternative investment opportunity for City workers. The process of converting offices uses space in prime locations across the city that otherwise would be left derelict. ROBERT MCCREATH | ARCHON SOLICITORS Office spaces that have been converted into residential units give buyers the perfect opportunity to [...]
Record level of offices turned into residences October 30, 2012 THE NUMBER of offices being converted into homes is set to jump significantly over the next two years as developers chase higher returns for their property, according to property services firm DTZ. Strong growth in London residential values and weak demand for secondary office property is prompting developers and landlords to turn tired office blocks [...]
Miners on shaky ground despite stabilising backdrop October 30, 2012 WITH the US markets firmly shut for a second day, investors had no choice yesterday but to focus on corporate events closer to home. Luckily the FTSE’s resources stocks more than made up for the lack of American action, with market watchers gripped yesterday by the unfolding tale of two miners. First up, Lonmin finally [...]
Premier sells Branston arm in £92.5m deal October 30, 2012 PREMIER Foods yesterday said it has agreed to sell its Branston range of pickles and sauces to Japanese food manufacturer Mizkan for £92.5m, in its latest efforts to pay down debts. The deal, which is expected to be completed early next year, includes Premier’s Bury St Edmunds factory where the sauces including Branston relish, salad [...]
Advisers October 30, 2012 ADRIAN MAGUIRE FRESHFIELDS ADRIAN Maguire, corporate partner at Freshfields Bruckhaus Deringer, acted for Premier on the sale of its sweet pickles and table sauces business with the support of intellectual property partner Andrew Craig. Law firm Ashurst advised Mizkan. Maguire joined Freshfields in 1996 as a trainee, after graduating from Durham, and was made partner [...]
Quarto attacks rebel investors over attempt to oust founder October 30, 2012 BOOK publisher Quarto yesterday lashed out at a group of investors aiming at ousting co-founder and chief executive Laurence Orbach, urging other shareholders to vote against his being replaced at a meeting next month. The group also warned that the spat was a distraction at a time when it should be focusing its attention on [...]
Drivers face Blackwall Tunnel toll to fund new river crossing October 30, 2012 MOTORISTS will bear the cost of a new Thames crossing in east London, Transport for London said yesterday. TfL has not set aside any money in its budget for the planned tunnel at Silvertown or a new vehicle ferry service, and said the “most appropriate way to fund the projects would be to charge a [...]
