Which London business pays the highest business rates? Harrods, Citigroup and HSBC- but it’s not as much as the government’s Home Office bill January 16, 2015 Harrods is paying the biggest business rates bill of any business in London while five banks are in the list of top 10 highest payers thanks to their Canary Wharf based UK headquarters. The Knightsbridge retailer is paying £12.04m for it's in-demand and high-end location while fellow luxury store Selfridges is also paying the seventh largest [...]
Barclays picks Jonathan Moulds to ring fence the bank January 14, 2015 Barclays hired former Bank of America Merrill Lynch executive Jonathan Moulds yesterday to split the bank up to fit incoming ring fence law. Implementing the rules which split the investment banking arm from the retail banking and payments systems represents a major challenge for the new chief operating officer. Domestic rivals such as Lloyds [...]
Bumper Christmas for shopping centre January 14, 2015 OVER half a million shoppers visited Quintain’s London Designer Outlet, home to retailers such as H&M and Gap, during the 2014 festive season. The Wembley-based outlet centre, which opened in October 2013, hosted 18,000 last minute bargain-hunters on Christmas Eve alone.
Game Digital share price plummets 50 per cent following major profit warning January 14, 2015 Shares in Game Digital have tanked in early morning trading, after the company issued a major profit warning after market close on Tuesday. The video game retailer's share price opened 50 per cent down on Tuesday, before recovering slightly to a price of around 220p per share – a 35 per cent drop on [...]
Game blames stiff competition for drop in sales over Christmas January 13, 2015 BRITISH video games retailer Game Digital yesterday cited tough competition as the reason for its decline in sales over the Christmas period. The company said sales dropped 6.7 per cent in the 11 weeks ending 10 January. It announced the results after the market closed yesterday. It stated that “promotional activity” across the market had inflated [...]
Hailo picks up third new chief executive in three months January 13, 2015 TAXI app firm Hailo yesterday appointed its third chief executive in as many months, as the British so-called e-hail firm looks to close the gap on rivals such as Uber and Lyft. The company has drafted in Andrew Pinnington, a former chief operating officer of Carphone Warehouse. He spent 12 years at the British mobile [...]
Retail investors stage a comeback – Editor’s Letter January 12, 2015 After a year of being virtually ignored by those organising fund-raisings on the London stock market, the retail investor is heading back to the stock market. As we report today, the tool hiring specialist HSS intends allocating a tranche of its shares in its forthcoming flotation to retail investors. This follows Trainline.com’s decision to do [...]
Shares jump higher at AO World January 12, 2015 SHARES in AO World rallied yesterday after the online white goods company reported a surge in third quarter sales, thanks in part to the success of Black Friday weekend. The so-called e-tailer, which sells kitchen appliances and televisions online from its warehouse in Crewe, said revenue from its website jumped 38 per cent three months [...]
HSS Hire plans IPO of £103m on London Stock Exchange January 12, 2015 British tool and equipment hire company HSS Hire has announced its intention to list on the London Stock Exchange next month. An estimated £103m is expected to be raised through the sale of shares during the Initial Public Offering (IPO), although the company could be valued at up to £600m. Existing shareholders will [...]
Christmas party shoes give Kurt Geiger a boost as sales rise 26pc January 11, 2015 Footwear and accessories retailer Kurt Geiger reported a bumper Christmas yesterday, announcing 14 per cent growth in like-for-like sales for the 2014 festive period. Party shoes led the way, with footwear in its occasion category enjoying an increase in sales of 26 per cent and Kurt Geiger’s handbags proved a popular gift, with sales up [...]