The retail champion who puts fame after business December 1, 2013 Annabel Palmer talks T-shirts and Small Business Saturday with Made in Chelsea’s Oliver Proudlock THE SERGE DeNimes headquarters is a cosy studio-cum-office, located exactly where you would expect for a business whose founder has found fame on Channel 4’s hugely-successful reality TV show Made In Chelsea. I’m hesitant about interviewing Oliver Proudlock, who, when not [...]
12 times as many bankers earning €1m in Britain than any other European country November 29, 2013 The European Banking Authority has produced figures that show Britain has 12 times as many bankers earning over €1m (£856,000) than any other country in Europe. More than 3,500 bankers in Europe earned €1m or more last year, up 11 per cent from 2011. Britain accounted for 2,714 of the figure with the next highest, [...]
Debt firms snap up UK student loans for £160m November 29, 2013 DEBT MANAGEMENT group Erudio was yesterday revealed as the buyer of £890m worth of student loans that have been sold off by the government. Erudio Student Loans, a consortium made up of Arrow Global and CarVal Investors, paid £160m for the portfolio. The deal will see it take control of the government’s remaining 17 per cent [...]
LondonMetric rejigs its portfolio and sells off three retail parks November 28, 2013 LONDONMETRIC, the real estate group formed in February from the merger of London & Stamford and Metric Property, yesterday posted a jump in profits as the company worked to revamp its portfolio. Pre-tax profits rose from £28m a year ago to £50.9m in the six months to the end of September. The firm bought properties [...]
City Moves for 29 November 2013 | Who’s switching jobs November 28, 2013 Colliers International The commercial real estate services firm has appointed John Knowles as a partner in its national investment team. He was most recently head of capital markets at Lambert Smith Hampton, and has also held senior positions at DTZ and Jones Lang LaSalle. BNP Paribas Corporate and Investment Banking BNP Paribas has announced the [...]
London Report: Rio Tinto holds up FTSE despite housing drop November 28, 2013 HeAVYWEIGHT miner Rio Tinto helped keep the FTSE 100 in positive territory yesterday, offsetting weakness in housebuilders after the Bank of England removed a mortgage support scheme. Rio Tinto enjoyed hefty gains in an otherwise subdued session – adding six points on its own to the FTSE 100 – as investors responded bullishly to the [...]
Italian luxury group Moncler eyes £2bn float November 27, 2013 MONCLER, an Italian maker of luxury fur lined puffer jackets, yesterday announced plans to float on the Milan stock exchange, hoping to replicate the success of Brunello Cucinelli, the luxury retail group that went public in early 2012. Shares in Brunello Cucinelli are up more than 200 per cent since the group’s flotation. Moncler considered [...]
Letters to the Editor – 28/11 – Scots referendum, Bank ringfence, Best of Twitter November 27, 2013 Scots referendum [Re: Financial and economic flaws in the SNP’s plan make the case for Union, yesterday] I agree with Alistair Darling. Currency union requires political union, as demonstrated by the euro experience. It would be foolish to repeat the same mistake here. Meanwhile, Scotland having its own currency would increase the cost of selling [...]
City Moves for 27 November 2013 | Who’s switching jobs November 26, 2013 Aecom Patrick Flaherty has been appointed managing director for the UK and Ireland at the technical and management support services firm. He joins from Fluor, where he was managing director of its UK operations and led its infrastructure business. Axa Investment Managers The asset management division of Axa has announced the appointment of John Porter [...]
Debt firms snap up UK student loans for £160m November 25, 2013 DEBT MANAGEMENT group Erudio was yesterday revealed as the buyer of £890m worth of student loans that have been sold off by the government. Erudio Student Loans, a consortium made up of Arrow Global and CarVal Investors, paid £160m for the portfolio. The deal will see it take control of the government’s remaining 17 per cent [...]