Plans unveiled for £100m underground development in West End November 6, 2019 Plans have been submitted for a £100m underground development to expand the Harley Street medical area in London’s West End. The 280,000 sq ft development beneath Cavendish Square – one of the capital’s original Georgian squares – will house healthcare facilities as well as retail and leisure spaces. Read more: West End landlord Shaftesbury unaffected [...]
Marks & Spencer profit knocked lower by poor clothing sales November 6, 2019 Weak clothing and home sales knocked profit 17 per cent lower at Marks & Spencer in its latest half-year, it revealed today. But the high street chain’s share price led the FTSE risers, climbing up 5.3 per cent to 192.05p, as investors felt it could have been a lot worse as boss Steve Rowe said [...]
One Liverpool Street: City of London approves Crossrail entrance office block November 5, 2019 Plans to build a 10-storey office building at Liverpool Street’s future Crossrail entrance have been approved, despite concerns from City heritage groups. One Liverpool Street will be run by asset managers Aviva Investors, through a joint venture with Transport for London (TfL), and will replace an existing six-storey office block. Read more: Crossrail at risk [...]
BHS buyer Dominic Chappell banned from directorships for 10 years November 5, 2019 Dominic Chappell, the businessman who bought BHS from Sir Philip Green for £1 a year before the company collapsed with 11,000 jobs lost, has been barred from serving as a company director for ten years. Sky News first reported today that the Insolvency Service had handed the the three-time bankrupt the decade-long ban. Read more: [...]
23 Capital: Meet the London-based finance company behind Barcelona’s signing of Antoine Griezmann and Atletico Madrid’s deal for Joao Felix November 5, 2019 Football’s two biggest deals of the summer transfer window had something in common, and not just that Atletico Madrid was either the buying or selling club. The other unifying factor in the signings of £113m Portuguese sensation Joao Felix and £108m France forward Antoine Griezmann was the involvement of financing from London-based 23 Capital on [...]
City Moves for 5 November – Who’s switching jobs at AKA Group, Shop Direct and KPMG? November 5, 2019 Today’s City Moves includes AKA Group, Shop Direct and KPMG AKA Group Specialist lifestyle and leisure advertising agency AKA Group has announced the appointment of Nick Hurrell as chairman. Nick currently serves as chairman at London ad agency George and Dragon and was previously chairman of the Europe arm of M&C Saatchi, as well as being [...]
What Thomas Cook’s collapse tells us about the power of disruption November 4, 2019 Whilst the failure of UK holiday firm Thomas Cook was sudden and a considerable shock to many, the writing has been on the wall for some time now. Driven by technology and specifically by the advent of online booking and reservation systems, the travel industry has long been undergoing a radical transformation across each of [...]
Insurer Hiscox sets aside $165m for catastrophe claims November 4, 2019 A trio of natural disasters has caused Hiscox to set aside $165m (£127m) for claims, exceeding the insurer’s catastrophe budget for the second half of the year. The FTSE 100 specialist insurer said this morning that it has reserved a net $165m based on insured market losses for hurricane Dorian and typhoons Hagibis and Faxai. [...]
Lookers shares slump as it warns profit will halve November 1, 2019 Troubled car company Lookers gave the City a double-whammy of surprises this morning after revealing two senior departures and worse-than-expected profit forecasts. Profits are expected to more than halve this year to roughly £20m, falling significantly below City estimates. Read more: Treasury committee urges reform of ‘broken’ business rates system The London-listed motor retail group, [...]
City Moves for 1 November – Who’s switching jobs at Cripps Pemberton Greenish, Winckworth Sherwood and Mayer Brown? November 1, 2019 Today’s City Moves includes Cripps Pemberton Greenish, Winckworth Sherwood and Mayer Brown Crsipps Pemberton Greenish Leading law firm Cripps Pemberton Greenish has announced the appointment of Melanie Stancliffe as partner at its London office. Melanie, who is ranked as an expert in legal directories Legal 500 and Chambers and Partners, joined the team on 30 [...]