Investec is putting £30m towards this Fulham development February 3, 2017 Invetec is providing a £30m financing facility to developer Meyer Homes for the construction of 58 new homes in Fulham. The 24 month facility will also go toward the building of 9,000 square feet of retail space. In total, the plot is across one acre on Fulham High Street. The development will comprise 48 apartments – [...]
Which bankers earn the most per hour? New research reveals all – and tells us what the best-paid non-City jobs are too February 3, 2017 It will come as no surprise that bankers are the highest earning professionals in London – but which field of banking is the most lucrative? The highest earners are M&A analysts, with an average annual total compensation of £70,000, according to salary benchmarking site Emolument.com. However, while traders earn less annually than their colleagues in [...]
In our rush to solve the housing crisis, we’re forgetting about one thing February 3, 2017 Greenwich Peninsula has never been thought of fondly. Once desolate marshland, by the turn of the 20th century it was best known for the difficult-to-love Blackwall Tunnel. A century later, the controversial Millennium Dome had joined it, along with the fiscally-questionable Emirates Air Line cable car. So yesterday’s high-profile launch of 600 shiny apartments on the [...]
Amazon’s sales jumped in the last quarter, but it missed analyst targets February 2, 2017 Online retail giant Amazon.com's share price fell four per cent in after-hours trading as operating income and revenue for the fourth quarter fell lower than expected. The figures Amazon reported a 22.4 per cent increase in its fourth-quarter revenue, driven by strong sales in the holiday period and increased Prime subscriptions. Net sales were up [...]
Sports Direct buys 11 per cent share in French Connection February 2, 2017 Sports Direct has bought an 11 per cent of French Connection, a stake that would allow the company to disrupt any buy-out bid for the ailing high street retailer. The move comes at a time of flux for the company, which has been hit by losses for five years. Activist investors have been pushing non-executives [...]
Chinese tourist spending soars in London’s West End as Brexit fall in sterling leaves more bang for the yuan January 31, 2017 WEST END sales to Chinese shoppers rose by a whopping 154 per cent year-on-year last week as visitors from the country took advantage of the cheap pound to celebrate the Chinese New Year in London’s key shopping district. Jace Tyrrell, chief executive of New West End Company which represents businesses around Oxford Street said: “The [...]
£3.5m share bonus for outgoing Burberry CEO January 31, 2017 Outgoing Burberry CEO, Christopher Bailey, has received 215,000 shares in the business, with a total value of £3.5m. Bailey is one of a number of Burberry executives that have been awarded performance-contingent share packages in 2017, after the fashion retailer postponed its rewards scheme last year. Burberry’s sales are believed to have benefited from the [...]
Ocado’s share price jumps eight per cent at the open on profit surge January 31, 2017 Ocado's share price jumped eight per cent at the open as it reported a spike in profits. The company's full-year profits beat expectations – despite rising labour costs and price deflation throughout last year. The figures In its results for the year ending 27 November, Ocado reported a 13.6 per cent rise in gross retail sales, up from [...]
Enter The Dragon: Why China is snapping up British assets January 30, 2017 What do Heathrow, Thames Water, black cabs, Harvey Nichols and Rio Tinto have in common? They’re all part-owned by Chinese companies. “Britain holds a number of attractions for Chinese investors,” says Simon Bevan, head of the China Britain services group at Grant Thornton UK. “As a country, our language, business culture, rule of law and [...]
Fever-Tree is branching out as it finds there’s more room to grow January 30, 2017 Posh tonic maker Fever-Tree has a knack for finding holes in the market. More than a decade after founders Tim Warrillow and Charles Rolls launched their first product, an Indian tonic water, the firm is flying. The company’s premium alcohol mixers, including Sicilian lemonade and ginger beer, are sold on and off trade to retailers, [...]