Greene King’s share prices bubbles up on sales rise after it shots a Spirit February 10, 2016 Greene King, the FTSE 250 listed pub operator and brewer, has served up a rise in sales for the nine months to 7 February as pub goers continue to dine out while having a pint. The brewer, having gobbled up rival operator Spirit last year for £774m, said that Christmas sales had been particularly strong, [...]
Online security risks: Here are three you’re probably taking February 10, 2016 Despite the ongoing business focus on investing in strong cyber security, one of the greatest causes of data breaches is often ignored – employees themselves. According to a 2014 report by IBM, 95 per cent of IT security breaches are caused by human error. There is a lot to be learnt about security, and it’s [...]
New homes at Canary Wharf Group and Qatari Diar’s Southbank Place unveiled February 10, 2016 The next phase of homes at Canary Wharf Group and Qatari Diar’s Shell Centre scheme on the South Bank has been unveiled today. The developers behind the 5.25-acre riverside site have put 164 homes at Casson Square on the market, with prices range from £650,000 for a studio and £3.6m for a three-bedroom flat. The apartments are split [...]
Brave or foolhardy? US Foods shrugs off market turmoil to file for IPO February 9, 2016 US Foods, the US' second-largest food distributor, has just filed for a $100m (£69.1m) initial public offering (IPO) – despite two days of turbulent global trading. In a filing with the US Securities and Exchange Commission (SEC) today, US Foods said it will float on the New York Stock Exchange under the ticker symbol "USFD". The company [...]
London house prices: Single Chinese investor buys entire £15m Waterloo scheme February 9, 2016 Proof, if proof were needed, that London is still hugely attractive for overseas investors – but increasingly unaffordable to the people who actually live in the capital: a single Chinese investor has bought out an entire development in Waterloo for £15m. Dover House, which recently completed construction, is made up of nine luxury apartments and retail space. [...]
Elegant Hotels buys its sixth Barbados resort for £12.5m February 8, 2016 Elegant Hotels has added another luxury Barbados resort to its portfolio after agreeing to buy Waves Hotel and Spa on the island’s west coast for $18m (£12.5m). The company, which floated on Aim last year, now owns six Bajan resorts including The Colony Club, Crystal Cove and Turtle Bay as well Daphne’s, the beachfront restaurant [...]
Another mammoth tower for London: Developer Aroland Holdings has just submitted plans for 1 Undershaft, the City’s tallest skyscraper February 8, 2016 No sooner has the Cheesegrater completed, but Singaporean developer Aroland Holdings submitted plans for 1 Undershaft – which, at 72 storeys, will be the City's tallest building once it's completed. The building, which will stand between the Cheesegrater and the Gherkin, will include office and retail space, as well as the now-compulsory viewing gallery over the [...]
Plans for revamp of Camden Lock Market and historic underground waterway given the go-ahead February 8, 2016 The owners of London's Camden Lock Market have won planning permission to push ahead with a £20m overhaul the iconic site that includes opening up a Grade II-listed underground waterway to the public for the first time. Market Tech Holdings, which owns around 15 acres of land in and around Camden, said Camden Council unanimously backed the [...]
Discover the twin islands of Saint Kitts and Nevis, where peckish golfers can tuck into local flora February 8, 2016 With its hazy azure waters lazily lapping the white-sand beaches, and sun seekers pondering which rum-based cocktail to slurp next in the penumbra of a palm tree, the West Indies remains an alluring destination to escape London’s dreary winter. But why stick with one Caribbean island when you can easily fit a couple into the [...]
Shakespeare’s former theatre The Curtain now the scene for Galliard Homes’ new development The Stage February 8, 2016 Galliard Homes has launched its latest development venture on the site of William Shakespeare's former theatre The Curtain. The £750m development of the 2.3 acre site, which is being carried out in a joint venture with Cain Hoy, McCourt, Vanke and The Estate Office Shoreditch, will create a new mixed use space that includes a 37 [...]