Keeping it cool behind closed doors July 6, 2011 IN recent weeks secret doorways have been surfacing across London. Following in the footsteps of clandestine operations Eight Bank, ECC, Crazy Bear Members Club and more recently The Mayor of Scaredy Cat Town (which can only be entered through a Smeg refrigerator) a little black door has just appeared on Orchard Street by Selfridges. The [...]
OUT OF OFFICE July 6, 2011 WILTON’S SUMMER FESTIVAL One of London’s most magnificent and historic music venues, Wilton’s Music Hall is playing host to all sorts of musical and theatrical diversions this summer. As well as an eclectic comedy programme for the London Comedy Festival, there will be live music, illusionists, contortionists, films and cabaret artists, all falling under the [...]
BLACKBERRY PLAYBOOK in association with SELFRIDGES&CO. selfridges.com July 6, 2011 BlackBerry® has already revolutionised the way we work and do business. Now, as the BlackBerry® PlayBook™ tablet launches, it’s also transforming the way we play. BlackBerry PlayBook marks a much-anticipated debut in the tablet market and is now available to purchase at SELFRIDGES. It’s the first tablet on the market to offer users the best [...]
Cameron pledges probe into phone hack scandal July 6, 2011 David Cameron has promised to set up a public inquiry into phone hacking at the News of the World. The prime minister said claims that the voicemail of murdered schoolgirl Milly Dowler had been hacked, with some messages deleted, were “disgusting”. But he told MPs an inquiry could not take place until police investigations had [...]
Banks in retreat after Portugal downgrade July 6, 2011 The FTSE 100 lost ground on opening today after Moody’s cut Portugal’s credit rating to “junk” sending banking shares down. As the Eurozone crisis deepened investors abandoned risky equities as banks’ exposure to the crisis in the eurozone came under the spotlight. The euro fell sharply after the Moody’s four-notch downgrade to Ba2, with the [...]
Corporate profit at highest in two years July 6, 2011 Non-financial companies’ profitability rose to its highest since the fourth quarter of 2008 in the first three months of 2011, official data showed. The Office for National Statistics said that the net rate of return for private non-financial companies rose to 12.7 per cent from 12.5 per cent in the last three months of 2010. [...]
House prices rise in June July 6, 2011 House prices rose 1.2 per cent in June, their biggest month-on-month rise since October, mortgage lender Halifax said. That confounded analysts’ expectations for an unchanged reading and left prices 3.5 per cent lower in the three months to June compared with a year ago. “Low interest rates, an increase in the number of people in [...]
Sports Direct in £7m move into premium market July 6, 2011 Sports Direct said it has purchased majority stakes in two companies controlled by Tom Hunter, dipping its toe in the premium and luxury sector of the market. The firm, controlled by Newcastle United soccer club owner Mike Ashley, said Wednesday it has acquired 80 per cent shareholdings in Hunter’s West Coast Capital, a branded fashion [...]
Balfour Beatty acquisition to boost order book July 6, 2011 Balfour Beatty , Britain’s largest infrastructure contractor, said it will make further selective acquisitions after recently snapping up a US contractor, a move that it said will lift its order book. Balfour, which operates in 80 countries and offers a range of infrastructure services, said in a short trading statement on Wednesday that the outlook [...]
3i Group reports strong quarter July 6, 2011 Private equity firm 3i Group said today investment in the three month period to end-June was £233m compared with £105m in the same period last year. A £112m investment into Hilite, £17m into GO Outdoors and £13m into World Freight Company International, were among the new investments. The Group had cash, cash deposits and undrawn [...]
