Retailers’ woes in focus after a festive slump – London week ahead January 4, 2015 RETAILERS’ woes will be centre stage this week as J Sainsbury, Tesco, WM Morrison and Marks & Spencer update the market after what is expected to have been a relative slump in trading over the festive season. Tesco’s trading announcement on Thursday will be of particular interest, as new chief executive Dave Lewis will outline [...]
The year at City A.M.: Our most popular stories of 2014 December 31, 2014 With everything that has gone on in the last 12 months you might be forgiven the odd memory lapse. Here's our round-up of the stories that got you clicking in 2014. January It's hard to believe it was less than a year ago that French President Hollande was caught having a moped-based affair with actress [...]
UK house price growth slows again: Can stamp duty save the market in 2015? December 30, 2014 We know the drill by now – slowing house price growth in many areas as demand wanes and the murmurings about a base rate rise reflect the logic that no matter what, it’s getting closer. Why exactly demand is waning remains something of a mystery (more of that later). Nationwide’s figures this month [...]
L&Q and Development Securities in £150m regeneration contract on Edgeware Road December 22, 2014 Property firms L&Q and Development Securities have entered into a partnership to deliver the new £150m regeneration project at 399 Edgware Road in north west London. The planned residential quarter, which is currently a vacant site, will include 183 apartments and townhouses for private sale set around landscaped gardens as well as cafes, shops and [...]
Kennedy Wilson makes £503m swoop on UK property assets December 22, 2014 KENNEDY Wilson Europe Real Estate has bought a £503m portfolio of 180 mixed-use properties from receivers working on behalf of Aviva Commercial Real Estate Finance. The company, part of the Beverley Hills-based property group that raised £1bn through a London float earlier this year, said the 3.5m square feet portfolio is spread across the UK, [...]
Camden Market owner Market Tech Holdings valued at £844m after first day of trading on Aim December 22, 2014 Market Tech Holdings, the company that owns the iconic Camden Market, has a valuation of £844m after its first day of trading on the alternative investment market (Aim) of the New York Stock Exchange. Shares in the company which combines real estate assets with an e-commerce platform jumped by 12.5 per cent from their [...]
Santa rally in sight as FTSE jumps again – London Report December 18, 2014 THE FTSE 100 enjoyed one of its best days of 2014 yesterday, as the US Federal Reserve’s pledge for a “patient approach” to any interest rate increase lifted stock markets around the world. Financial services company Old Mutual and British Airways owner International Consolidated Airlines Group (IAG) were among the best performers on the blue-chip [...]
Novamedia / Postcode Lotteries – No.3 December 18, 2014 Netherlands – £470.3m For a Postcode Lottery player their address could be the luckiest thing that ever happened to them. Anyone who wants to play provides their postcode which then becomes their ticket number. Using the postcode means it’s not just one participant who wins a prize, but all the players in an entire street [...]
City Moves for 18 December 2014 | Who’s switching jobs December 17, 2014 Rightster The Aim-listed video distribution and monetisation network has appointed Niall Dore as group finance director. He was previously finance director at Betfair Group, and has also held group financial controller positions at GE Life and Hyder Consulting. Zeus Capital Hugo Chance has been appointed director, head of family offices, at the independent investment bank. [...]
Rouble takes a beating as Apple halts sales in Russia December 16, 2014 Russia’s economic situation spiralled out of control yesterday as its central bank’s shock decision to raise interest rates to 17 per cent failed to prevent a further collapse in the rouble. The currency’s extreme volatility was reflected in a decision late last night by Apple – the world’s largest company – to suspend online sales [...]