EasyFood store re-opens in London after crowds of shoppers forced its closure two days after launch – but this time with bouncers February 8, 2016 The first EasyFood store has re-opened in north west London after being swamped by customers – but this time there’s security. The low-cost supermarket, which is selling every product for 25p throughout February, was forced to shut just two days after opening in Park Royal last week. Eager bargain hunters had cleared the shelves of [...]
Anglo American, Rio Tinto and Antofagasta see share prices rise: Miners soar to the top of the FTSE February 4, 2016 Brighter metal prices and a tumbling US dollar helped turn the fortunes of London-listed miners around today, as analysts speculated that the worst could be over for the embattled sector. Mining stocks were reinvigorated as fading expectations of an interest rate rise by the US Federal Reserve sent the greenback tumbling. This helped gold hit a [...]
These 13 property developers will help TfL build its property empire – including British Land, Balfour Beatty, Land Securites, Berkeley, Redrow and Canary Wharf Group February 3, 2016 Transport for London has chosen 13 companies to help it build thousands of new homes on its unused land and generate billions of pounds of new revenue. Canary Wharf Group, Land Securities, Balfour Beatty, Barrat Homes and Berkeley Group are among those chosen to develop 50 sites in to homes, offices and retail outlets across London. [...]
Clydesdale Bank share price trades above opening offer as conditional trading starts on IPO after 24-hour delay February 3, 2016 Clydesdale Bank’s shares were trading just above their offer price as its IPO got underway after a 24-hour delay. The bank's shares were worth 183.5p at 9:43am in early conditional trading in London, slightly above the 180p opening value. National Australia Bank (NAB), which sold off the Clydesdale and Yorkshire Bank Group (CYBG), priced shares at 180p per [...]
City Moves for 3 February 2016 | Who’s switching jobs February 3, 2016 Parker Fitzgerald Parker Fitzgerald (PFG), the management consultancy, has appointed Jeremy Scott to its executive board as head of institutional relationships. Jeremy is former global financial services leader and global board member at PwC for 10 years and he was chair of the operations and risk committee. His experience building and managing an international consulting [...]
Brace yourselves, City folk, pick-up artist Daryush “Roosh” Valizadeh is coming to town February 2, 2016 Jilted lovers and misogynists often find February’s romantic festivities hard to swallow, so to keep solidarity up they’re meeting at the Royal Exchange this weekend. Daryush “Roosh” Valizadeh, a self-proclaimed “pick-up artist” who was famously interviewed by the BBC over the Men’s Rights Movement and his attempts to teach blokes to chat to womenfolk, is organising [...]
UK farmers plan London march after world commodity crisis slashes incomes February 2, 2016 British farmers are reacting to the world commodity crisis in an unusual way – by planning a march on London. Lobby group Farmers For Action has received thousands of pledges of support for a demonstration on Wednesday 23 March. Coachloads of countryfolk will descend on London to highlight the sharp drop in food producers’ incomes over [...]
Chinese New Year 2016: ‘Year of the Monkey’ sales boost expected as London brands race to attract Chinese shoppers February 1, 2016 Despite China's creaking economic slowdown and chaotic markets, London's shops could benefit from a boom in tourists over Chinese New Year. Tax-free incentives, a simplified visa programme and a new generation of shopping-mad millennials are behind the expected increase in Chinese spend, according to international retail specialist Global Blue. Chinese New Year takes place between 8 [...]
Crown Estate chairman Sir Stuart Hampson steps down February 1, 2016 Sir Stuart Hampson has announced plans to step down as chairman of The Crown Estate, one of the UK's biggest landlords, after six years in the role. Hampson, a former civil servant and chairman of John Lewis for 14 years, took responsibility for the Crown Estate in 2010 during a difficult year, when its portfolio lost value [...]
Amazon share price dives as retailer unveils 22 per cent revenue growth and profit misses the mark January 28, 2016 Amazon shares tumbled more than 12 per cent in after hours trading as the company missed profit expectations, despite reporting income had more than doubled year-on-year in the final quarter of 2015 to $482m (£336m) from $214m, or $1.00 per share from $0.45. However, this was significantly wide of analysts' expectations of $1.56 per share. The firm also [...]