Focus On Canning Town: For affordability and an easy commute to Canary Wharf, the only way is E16 March 17, 2016 East London’s post-industrial landscape is rapidly disappearing in favour of quirky cultural venues, artfully rustic cafes and glassy residential towers. While the investment potential in Hackney and Tower Hamlets has been well-documented, other locations that are just as accessible have managed to slip under the radar. One of these is Canning Town, a part of [...]
Scheme is full steam ahead: Battersea boss hits back at fears that investors are fleeing March 16, 2016 The developer behind the £8bn regeneration of Battersea Power Station has sought to quash fears of investors fleeing the site after warning signs that a glut in new build homes, tougher tax rules, and currency turmoil in foreign markets is weighing on London's prime property market. Speaking to City A.M. in Cannes, Rob Tincknell, chief executive [...]
Leading fans group blasts Charlton owner Roland Duchatelet over divisive statement criticising fans March 16, 2016 Charlton owner Roland Duchatelet has been condemned by a leading fan representative's group after a club statement criticised supporters for protesting his ownership. The Football Supporters' Federation (FSF) described the club statement, which alleged that some fans have come to games deliberately to wreak havoc, as a "desperate attempt by Duchatelet to divide the club's fan [...]
Eat and London Luton Airport investor agrees sale of 46.7 per cent stake in Italian healthcare operator for £230m March 16, 2016 Private investment company Ardian has sold its near-half stake in an Italian healthcare and residential care home operator for €292m (£230m). Ardian’s 46.7 per cent stake in KOS has been sold to CIR-Compagnie Industriali Riunite S.p.A. and F2i. Ardian, whose other investments include restaurant chain Eat and London Luton Airport, acquired the stake in 2010. Read more: Ardian closes [...]
From the best US barbecue restaurants to the Senior Bankers’ Regime: What got you reading this week March 11, 2016 1. US barbecue restaurants City A.M. readers are clearly experiencing wanderlust: our US roadtrip sampling 32 of the US' most mouth-watering barbecue restaurants stormed to the top of our rankings this week. Find out where was finger-lickin' good here. 2. Another supermarket sweep Asda and Morrisons' share of of the market fell further this week – while sales at [...]
City of London poised to step in over 22 Bishopsgate skyscraper “rights to light” battle March 9, 2016 The developers behind City skyscraper 22 Bishopsgate have called on the City of London for help fighting a fierce "rights to light" battle with neighbouring landlords that threatens to derail the scheme. AXA Investment Managers – Real Assets and Lipton Rogers have been locked in a row with its neighbours and campaign groups, who argue that the 62-storey tower overshadows their [...]
Ima-gin that: British gin sales broke all sales records in 2015 while 49 new distilleries opened March 9, 2016 Sales of mother's ruin broke all records last year as 49 new gin distilleries opened across the UK, while shop and restaurant sales topped over £900m. Shop sales of the juniper-based spirit reached over £400m in 2015, up 10 per cent on the previous year, while restaurant sales hit £500m, up 20 per cent year on year, [...]
Hotel Chocolat is seeking valuation of £150m when it lists on Aim March 9, 2016 Hotel Chocolat's co-founder has shrugged off concerns about the volatile state of the markets as the premium chocolatier gears up to go public. City A.M. understands the business is hoping to secure a valuation of around £150m through the IPO, which will see joint founders and co-owners Angus Thirlwell and Peter Harris release a third of [...]
The eight best pies in London: As British Pie Week gets into full swing, we celebrate some of the capital’s very best examples of baked pastry March 8, 2016 1. Polo Bar Fish Pie, £9.50 Pie Week has even united London’s rival financial districts. The chef at Canary Wharf’s Parlour has created this boozy fish pie for Polo Bar opposite Liverpool Street station. Packed with white fish, salmon, haddock and prosecco, it’s so tasty even the fish are diving in. 167 Bishopsgate, EC2M 2. [...]
Damien Hirst restaurant Pharmacy 2 review: Why this Pharmacy is a cure for your foodie ills March 8, 2016 I feel like I should start this review with a personal anecdote about Damien Hirst. Everybody seems to have one, like the time he pulled his foreskin through a hole in his trousers, pretended it was a blob of chewing gum and got people to try to brush it off. My anecdote would recall a [...]