High Court ruling on taximeters could spell the end for Uber as we know it March 28, 2015 An application by Transport for London (TfL) to the High Court could put the brakes on Uber services in London, and it all comes down to taximeters. These are the small boxes with which taxi drivers calculate the fare over the course of a journey, and the law states that in London they can only [...]
Is UK online fashion retailer Net-a-Porter about to be bought by Amazon? March 27, 2015 Is Amazon planning to get into high-end fashion retailing? The US tech giant is reportedly in talks to acquire Net-a-Porter, the British online luxury fashion retailer. It would be a bold move for Amazon, which already has clothing categories on its site – although many of the listings tend to feature the word "polyester". According [...]
Dealings over eggs and espresso March 26, 2015 THE POWER Breakfast is no ordinary breakfast. It’s that auspicious hour before work when movers and shakers get together to thrash out a deal, make contacts – or maybe move a mountain or two. Or that is at least that is the definition according to the Tisch Family, the US hotel dynasty, who claim credit [...]
City Moves for 27 March 2015 | Who’s switching jobs March 26, 2015 Northern Trust David Burnett has been appointed head of hedge fund services in Europe, the Middle East and Africa (EMEA) at the financial services firm. He joined Northern Trust in 2011 as head of relationship management, EMEA. Burnett has also held positions at Omnium and Citadel Investment Group. Salamanca Group The merchant banking and operational [...]
Focus On Highgate: Why this north west suburb has been the garden of London for 300 years March 26, 2015 Most areas in London have been through good times and bad times. But the gentrification cycle seems to have completely passed Highgate by. The extraordinarily green suburb of north west London has remained a constant spot of affluence in the capital and it remains for many the epitome of the desirable London village. How has [...]
Ladies who don’t lunch: Sue Round talks fund management, sentimentality and being broke March 26, 2015 Buongiorno signora!” bellows the exuberant waiter at Bolton’s, an Italian tucked away in an unassuming corner near Leadenhall Market. “Hello, hellooo” comes the response. I know Sue Round has arrived, even before I see her. She greets me warmly, as if we’ve known each other for years. In fact, I’ve met Sue only once before [...]
Moss Bros back in style as online orders increase March 25, 2015 MOSS Bros posted a jump in full-year profits yesterday as online sales soared and shoppers snapped up the retailer’s new ranges, even as its hire business continued to struggle. The wedding market has struggled over the past two years amid a tough economic climate, summer events such as the World Cup and more couples saving [...]
City Moves for 26 March 2015 | Who’s switching jobs March 25, 2015 London Capital Group The online trading firm has appointed Charles-Henri Sabet (pictured) as chief executive. He was previously executive chairman of the company, and joined the board in September 2014. Charles Poncet has been appointed non-executive chairman. He was a non-executive director of the firm. Old Mutual Global Investors The asset management firm has appointed [...]
Harvey Nichols sets up shop in … Azerbaijan March 25, 2015 Luxury store Harvey Nichols has opened a department store in Azerbaijan, a former Soviet Satellite state which is set to host the "European Olympics" but also suffers from a questionable human rights record. The 110,000 square foot outlet, spread over seven-floors, is located in capital city Baku's Globus Plaza. Two floors focus on fashion and [...]
Game Digital shares take a hit as profit falls and finance boss quits March 24, 2015 SHARES in Game Digital slumped 5.6 per cent yesterday after the retailer announced a hefty fall in profits and revealed that its finance chief Benedict Smith is to leave. Game, which re-listed on the London Stock Exchange last June two years after falling into administration, said Smith would step down in July to join another [...]