In pictures: Black Friday UK 2014 – police called to branches of Tesco and Asda as crowds swamp stores November 28, 2014 Police have been called to supermarkets all over the UK amid fears of overcrowding, as shoppers stormed supermarkets in order to grab some Black Friday deals. US import Black Friday has prompted shoppers to flock to stores as retailers like Sainsbury's, Marks & Spencer and John Lewis slash prices. There are huge discounts available on everything [...]
£106m Quantum IPO puts Zeus Capital over £1bn raised November 27, 2014 Zeus Capital has advised on over £1bn worth of funds raised on Aim this year, after securing £106m for Quantum Pharma’s float next month. Quantum, the County Durham-based firm, is set to become the biggest pharmaceutical and biotech float on Aim this year with a valuation of £125m when its shares begin trading on 11 [...]
Shaftesbury bolstered by West End property investment boom November 27, 2014 SHAFTESBURY has seen the value of its West End estate soar over the past year, thanks to booming investor interest in London’s prime property market. The FTSE 250 landlord, which owns hundreds of properties around Carnaby Street, Covent Garden, Chinatown, and Soho, posted a 25.7 per cent jump in net asset value per share to [...]
London startup Yoyo in mobile payments app deal with AirAsia November 27, 2014 Euston-based startup Yoyo is set to launch the first pan-Asian mobile payments and loyalty app as part of an expected agreement with Malaysian budget airline AirAsia, to be announced next week, City A.M. understands. Yoyo co-founders Alain Falys and Michael Rolph are in Singapore today with the Mayor of London Boris Johnson to showcase [...]
Focus on Victoria: Grab a prime bargain in SW1 November 27, 2014 Victoria has long been a place of work, but it’s been a while since it’s been a place to live. Dominated by a mixture of grey government office blocks and its various transport hubs, it certainly doesn’t fit the desirable London village trend. But that may be about to change. Developer Land Securities [...]
It doesn’t get more central than The Beecham in Covent Garden November 27, 2014 Covent Garden, that stretch of meandering streets off The Strand that culminates in the famous piazza, has been through every stage of London life. It started out, as many of the City’s suburbs did, as countryside, serving as gardens for Westminster Abbey. Then came its first gentrification phase when Henry VIII seized the land [...]
Poundland’s quids in with 11.7 per cent rise in profits November 27, 2014 Shares in discount retailer Poundland edged 3.7 per cent higher to just under 314p after it posted a 11.7 per cent rise in pre-tax profits, which hit £9.3m in the six months to the end of September. Sales rose 15 per cent to £528.2m, while net debt fell 83 per cent to £4.4m, as it [...]
John Lewis Christmas ad crooner Tom Odell launches London City Island dream of Irish billionaire Sean Mulryan November 26, 2014 London had a taste of Manhattan-style island life last night, as Irish billionaire Sean Mulryan and his property firm Ballymore launched its new 12-acre island neighbourhood, City Island, across from Canning Town. There are 1,700 new properties going up for sale on City Island, and no doubt Mulryan was hoping some of the [...]
French connection beats the autumn blues November 26, 2014 FRENCH Connection Group said its full-year results were likely to meet market expectations after a strong quarter for its wholesale business, giving it an edge over rival British fashion retailers in a tough market. Shares of the company, known for its FCUK brand, rose as much as 19.6 per cent on the London Stock Exchange [...]
LondonMetric sees profits rise on £21.8m sale November 26, 2014 LONDONMETRIC Property yesterday reported strong first-half earnings growth, driven by a move away from offices and homes and into retail distribution properties. The company also continued its portfolio shuffle, selling the Cairngorm Retail Park in Milton Keynes to Royal London Asset Management for £21.8m, reflecting a net initial yield of 6.10 per cent, and exchanging [...]