Derwent London signs up credit card giant to White Collar Factory as first quarter lettings jump May 5, 2016 Derwent London said it has let two more floors at its White Collar Factory scheme in east London to credit card company Capital One. The announcement comes as the developer shrugs off uncertainty in the market to post a strong quarterly update. FTSE 250 constituent Derwent said Capital One has pre-let 29,500 square feet in the scheme's 16-storey tower [...]
TripAdvisor shares tank after it misses expectations May 4, 2016 Travel website TripAdvisor’s revenue has decreased to $352m, a drop of $11m or three per cent, during the first quarter of 2016. TripAdvisor reported earnings per share of $0.32 in the first quarter, $0.14 less than the analyst estimate of $0.46. Shares of the travel business fell 7.73 per cent to $58.25 in after-hours trading on Wednesday. [...]
Food travel giant SSP gobbles up £280m Abu Dhabi airport contract May 4, 2016 Travel caterer SSP has a £280m contract to run three outlets inside a food court at Abu Dhabi International airport, paving the way for further expansion in the Middle East. SSP said the three units in the airport's new Midfield Terminal Building will feature 17 different international and local brands although it didn't disclose the names. The [...]
Cheers to that: Britain is now the “beating heart” of the global wine trade May 3, 2016 Britain has become the "beating heart" and a "giant" of the global wine industry, according to research from the Wine and Spirit Trade Association (WSTA). We'll drink to that. Britain's wine trade has more than doubled in the last decade and has become a key hub for importing and distributing wine to 124 countries across [...]
Costa Coffee owner Whitbread orders a salad to go after buying a £6.8m stake in Pure May 3, 2016 Whitbread, the hospitality company behind Costa Coffee and restaurants including Beefeater Grill, is balancing out its diet after buying a 49 per cent stake in a healthy food-to-go chain for £6.8m. Pure, which was founded by entrepreneur Spencer Craig in 2009, has eight outlets serving up salads and wraps to health-conscious commuters in locations including Moorgate and Soho. Craig said [...]
Just Eat share price rockets after upgrading full year guidance May 3, 2016 Just Eat has issued new full-year guidance on earnings – and investors are lapping it up. Shares in the takeaway ordering firm rocketed more than seven per cent in early trading after upping its revenue forecasts for the year by £8m and earnings before interest, tax, depreciation and amortisation (Ebitda) by £4m, all thanks to an increase on [...]
Conviviality to soak up wine wholesaler Bibendum May 3, 2016 Alcohol group Conviviality is to buy wine distributor and wholesaler Bibendum in a deal that worth £60m, which will be part-funded through a share issue. The Aim-listed business is looking to raise £32m through issuing shares at 205p each, with a further £10m being drawn from its banking facilities. Bibendum, which supplies wine, beer and spirits to around 4,000 restaurants, pubs [...]
New Builds: From Notting Hill to Battersea, here are the hottest new developments on the market this week April 29, 2016 Alto, Wembley From £715,000 High rise apartments have gone on sale at Alto, a development by Keystone and Quintain, which is part of the 83-acre regeneration of Wembley Park. The two and three bedroom apartments sit in the Pienna building, the 19-storey ‘crowning glory’ of the scheme designed by Flanagan Lawrence Architects, which worked on [...]
In pictures: The world’s tallest tower has just been unveiled – and it’s going to be in Dubai again April 28, 2016 If you thought the Burj Khalifa was big, prepare yourselves for a new tower that will leave the Dubai landmark in its shadow. Developer Emaar Properties has just unveiled a rival to snatch the title as the world's tallest tower. No final decision has been taken on how tall the Tower will be, but it will be [...]
Profit at Spanish banking giant Santander drops five per cent in the first quarter on currency headwinds April 27, 2016 The eurozone's largest bank and the UK challenger Banco Santander, has posted a 4.9 per cent fall in first-quarter net profit from a year earlier. Santander reported net profit of €1.63bn (£1.84bn), beating a Reuters analyst poll of a 12.5 per cent decline. The drop was put down to currency headwinds as a fall in the value of the Brazilian [...]