West End gives Great Portland quarterly boost July 24, 2012 GREAT Portland Estates yesterday posted a buoyant set of quarter results, boosted by its prized West End offices and pipeline of upcoming developments. The firm said the value of its portfolio rose by 3.1 per cent to £2.1bn in the quarter to 30 June, while net asset value lifted 3.5 per cent to 417p. The [...]
HELICAL BAR SUBMITS PLANS FOR WHITE CITY July 24, 2012 HELICAL Bar said yesterday it has submitted plans to build 1,150 homes as part of a giant 12-acre residential-led development in White City, west London. The site, known as Brickfields, is being built in partnership with Aviva Investors and is expected to be worth £750m.
Bumper medal haul predicted for Team GB July 24, 2012 THE OFFICIAL medal target for British athletes may be 48, but if a team of financial risk analysts have their way then Team GB should be taking home a much higher haul of precious metals. According to Airton Risk Management, part of betting firm Paddy Power, the home turf advantage and some surprise star performances [...]
LONDON 2012 IMAGE OF THE DAY July 24, 2012 During the Olympics, City A.M. will publish an Image of the Day. If you have a shot you think our readers will like, email pictures@cityam.com PRINCESS Anne yesterday attended the official welcome for Team GB to the Olympic Village. Britain’s competitors were greeted by a ceremony of dancers and musicians.
Off-licence hits back at Games branding rules July 24, 2012 OFF-LICENCE chain Oddbins hasn’t so much tweaked the noses of London 2012 chiefs as clamped them in a vice and swung them from a wrecking ball. In a tongue-in-cheek attack on the strict branding laws designed to protect the Games’ official sponsors, Oddbins have offered a discount to anyone who proves they’ve shunned all of [...]
Wet weather helps lift sales at Carpetright July 24, 2012 CARPETRIGHT, the troubled floor coverings retailer, showed some signs of recovery yesterday after revamped stores and improvements to its bed range helped boost first quarter sales. The group, which has issued a string of profit warnings over the last two years, said like-for-like sales at its 486 UK stores rose 1.7 per cent in the [...]
Swatch revenue soars despite weaker China luxury demand July 24, 2012 BOOMING demand for mid-priced watches in China is more than offsetting a slight cooling at the top end of the market, Swatch Group said yesterday as it stuck to a forecast for record annual sales. The world’s largest watchmaker, whose Omega brand is the official timekeeper for the London Olympics, reported first-half sales up 14 [...]
PZ Cussons hit by Nigeria and Australia woes July 24, 2012 SOAPMAKER PZ Cussons yesterday reported a sharp fall in full-year profits after shouldering higher raw material costs and suffering worsening trading conditions in Nigeria and Australia. The owner of Imperial Leather soap and St Tropez fake tan said profit before tax fell by 55 per cent to £48.5m in the year to 31 May. Profits [...]
Finsbury Food sales up to £207m July 24, 2012 Bakery goods maker Finsbury Food yesterday posted a 9.4 per cent leap in sales to £207m for the year despite tough market conditions and price inflation in key ingredients such as eggs and sugar. Its cake division enjoyed a 9.2 per cent jump in sales while its bread and free from division grew 10 per [...]
£5.5m to support high streets July 24, 2012 Nearly 400 struggling town centres have won support from a government programme that aims to help revive high streets. Fifteen will become “Portas Pilots” – named after retail consultant Mary Portas – and will receive investment and support from leading industry figures. Newly announced Portas Pilots in London include Lower Marsh and The Cut in [...]
