Cath Kidston to float at £250m in new year December 6, 2013 Cath Kidston is to be put on the market for more than £250m next year, reports Sky News' City editor, Mark Kleinman. The successful retailer, known for its floral, spotty and generally colourful homeware, is considering a new year sale that could see its eponymous founder net at least £50m. The store has confirmed that [...]
What does the chancellor’s budget mean for you? December 5, 2013 Catherine Gannon, 51Managing director of law firm GannonThe business is performing extremely well but that is thanks to investments: profits are up but the cost of living has increased, making Catherine feel less well off. She lives with two children, aged 11 and 13, in her own home and holds investment properties. She doesn’t have [...]
Commuters to get some relief from fare hikes December 5, 2013 RAIL fares will rise by an average of 3.1 per cent next year, after the chancellor pledged to reduce planned receipts by £80m, keeping increases in line with inflation. The government had previously planned to cap the average fare at 4.1 per cent, or one per cent above the retail prices index measure of inflation. [...]
Inside Track: It’s about time the City’s watchdog got its act together December 4, 2013 WERE British banks engaged in a corrupt pact to bankrupt struggling business customers? The evidence from dossiers compiled by the businessmen Lawrence Tomlinson and Neil Mitchell is superficially shocking, although as yet inconclusive. Anecdotal evidence that Royal Bank of Scotland’s global restructuring group has nudged clients into administration when alternative outcomes were achievable have circulated [...]
Tube and bus fares rise in line with inflation December 3, 2013 THE COST of public transport in London will rise by an average of 3.1 per cent in January, the Mayor of London announced yesterday along with a claim that the change represents a real-term price freeze. Some tickets, including the single bus fare paid in cash and pay-as-you-go daily caps, will be kept at 2013 [...]
Westfield to separate UK arm from Australian operations December 3, 2013 THE PARENT company of west London shopping centre Westfields yesterday said it would carve out its international operations into a standalone business. Westfield Group, which is listed in its Australian homeland, said it will form a company called Westfield Corporation to house its UK and overseas operations. Its native operations in Australia and New Zealand [...]
City Moves for 04 December 2013 | Who’s switching jobs December 3, 2013 Baker Tilly The professional services firm has appointed Suneel Gupta as partner in its South Asia advisory group, with a focus on the UK Asian business market and cross-border work between India and the UK. He was previously a partner at BDO, and qualified at PwC. State Street Global Advisors State Street’s asset management business [...]
Network Rail to open click and collect shops December 2, 2013 COMMUTERS will be offered the chance to pick up their parcels from the train station as part of a trial being run by Network Rail. The rail operator announced today that it will soon open the prototype branch of Doddle, its new delivery shop, in Milton Keynes Central. Visitors to the station, including around 3,000 [...]
City Moves for 03 December 2013 | Who’s switching jobs December 2, 2013 Holley Holland The consultancy has appointed Alex Cameron as a principal consultant. He has over 25 years’ experience in financial services, qualified as a solicitor at Allen & Overy, and has worked with the Bank of England, Barclays Capital and Barclays Business Banking. Altius Associates The private equity advisory firm has appointed Rhonda Ryan as [...]
What the other papers say this morning – 02 December 2013 December 1, 2013 FINANCIAL TIMES Mass demonstrations shake Kiev Viktor Yanukovich, Ukraine’s president, was under escalating pressure on Sunday night as hundreds of thousands of protesters poured onto the streets of Kiev demanding the overthrow of his government, after it sought to strengthen relations with Russia at the expense of the EU. With the number of protesters estimated [...]