Why Boris is right to fight for the City September 2, 2009 WHENEVER there is a crisis, certain sections of the British establishment revert to type. Rather than vowing to fight back and rebuild our shattered economy, many senior figures have evidently decided that the best we can hope for is to manage decline, post-war style. In a dynamic, forward-looking, optimistic nation, we would be debating how [...]
Apple’s store on Regent St bears fruit September 1, 2009 APPLE’S flagship store in London is so successful that it rakes in more than double the amount of cash per square foot than most of its rivals. The Regent Street store took £60m for the year ending September 2008, giving it a sales density of £2,000 per square foot. In comparison, the average Currys store [...]
CITY MOVES WHO’S SWITCHING JOBS August 31, 2009 PricewaterhouseCoopersThe accountancy giant has appointed Nick Secrett to its pensions capital management team, which was launched at the end of last year and is headed up by partner Chris Massey. “Secrett has a wealth of capital markets expertise and will work with our clients to model and control their pension financing and investment risks,” said [...]
WHAT THE OTHER PAPERS SAY THIS MORNING August 20, 2009 FINANCIAL TIMES UNIVERSAL MUSIC LICENSES SINATRA RIGHTSUniversal Music has secured the international rights to 38 albums recorded by Frank Sinatra, heralding an acceleration of plans to commercialise the entertainer’s estate on the eve of the 40th anniversary of the release of My Way. GAP PROFITS SLIP IN SECOND QUARTERGap, the US specialty clothing retailer, said [...]
WHAT THE OTHER PAPERS SAY THIS MORNING August 20, 2009 FINANCIAL TIMES UNIVERSAL MUSIC LICENSES SINATRA RIGHTSUniversal Music has secured the international rights to 38 albums recorded by Frank Sinatra, heralding an acceleration of plans to commercialise the entertainer’s estate on the eve of the 40th anniversary of the release of My Way. GAP PROFITS SLIP IN SECOND QUARTERGap, the US specialty clothing retailer, said [...]
FULL CIRCLE IN SPORT RETAILERS’ WILY WORLD August 19, 2009 IS THERE no end to the incestuous intricacies to the colourful sports retail sector? The current hot potato in the industry is the tide of bad feeling towards JJB chairman Sir David Jones, whose past emails criticising the firm’s directors were recently leaked by former chief executive Chris Ronnie, the man widely blamed for bringing [...]
WHAT THE OTHER PAPERS SAY THIS MORNING August 19, 2009 FINANCIAL TIMES INVESTCORP REPORTS FIRST LOSSInvestcorp reported its first annual loss in its history after the London and Bahrain-listed investment group suffered big falls on its hedge fund investments and heavy writedowns at its private equity and real estate arms. The company, which made its name investing in retailers Gucci, Tiffany and Saks Fifth Avenue, [...]
Time is right for Broadgate stake sale August 18, 2009 NOTHING symbolised the post Big Bang world in the City more than the development of the Broadgate complex near Liverpool Street and Moorgate in the 1980s. The ice rink and the gleaming buildings fitted out for the likes of Shearson Lehman and SGWarburg were the focal point for the new City, before even the first [...]
WHAT THE OTHER PAPERS SAY THIS MORNING August 18, 2009 FINANCIAL TIMES THOMAS COOK SALE PLANA large part of Arcandor’s 53 per cent stake in Thomas Cook could be sold to institutional investors as early as next month as creditor banks of the insolvent German retailer try to claw back their loans. Two people close to the banking consortium said a share placing “theoretically still [...]
TRAIN FARES SET TO DROP NEXT YEAR August 18, 2009 &9632; Rail fares to be cut for first time since privatisation&9632; Cuts come as train firms struggle with franchise payments&9632; Rail companies could hike non-regulated fares to plug gap RAIL fares are set to come down for the first time since privatisation, but there were fears yesterday that commuters might be hit by rising railway [...]