Mama buys Hoxton Bar & Kitchen for £1.9m March 20, 2013 MAMA Group, the music venue owner which was sold by HMV to private equity firm LDC in December, has snapped up East London’s Hoxton Bar & Kitchen for £1.9m. Its parent company Barworks confirmed yesterday it has sold the restaurant, bar and live music venue to Mama, which owns the Jazz Cafe and Barfly in [...]
Dedicated Federer of fashion February 27, 2013 THERE IS a problem. It is 8am in Dubai and a freak storm has descended over the improbable desert city. Where there should – statistically, at least – be clear, azure skies, there is a mulch of saggy grey cloud. This is a problem because I was supposed to be boarding a helicopter to Roger [...]
FTSE 250 Results Round-up – 27/02 February 27, 2013 Barratt Developments, the residential property development company, released results for the six months to December (results) with profits increased by 113.4 per cent to £46.1m. Chief executive Mark Clare said that: Although we remain cautious as to whether the thaw in lending conditions will be sustained, improvements in mortgage lending and the success of the [...]
Review: Apero at the Ampersand February 26, 2013 Apero has fish is to die for, if you don’t mind the charmingly chaotic atmosphere, says Steve Dinneen APERO @ AMPERSAND; 10 Harrington Road, SW7 3ER; tel: 020 7589 5895 FOOD **** SERVICE *** Value **** Cost per person with wine: £50 A few years ago I was wandering through Kreuzberg, before it was completely [...]
Italian deadlock weighs on FTSE February 26, 2013 The leading share index sank this morning as Italy voted for a hung parliament, which spooked stock markets. Italy faced political deadlock after a protest vote left no party or no likely coalition with enough seats to form a majority. In early trading, the FTSE 100 was down almost 1.3 per cent, with financial shares [...]
Tennis ace Murray buys a hotel in plan to repay his home town February 25, 2013 BRITAIN’S No1 tennis player Andy Murray has splashed out £1.8m to acquire a hotel in Dunblane, the planned development of which he hopes will provide a major boost to the economy in his home town. The Cromlix House Hotel, where his brother Jamie married wife Alejandra Gutierrez in 2010, is a Victorian Mansion, which Murray [...]
Symphony hits the right notes February 25, 2013 EMERGING market money manager Symphony International, which taps into Asia’s growing consumer spending, yesterday said it boosted fund value by almost 12 per cent last quarter due to surging revenues from its companies. Symphony, based in Hong Kong, invests in a vast array of consumer staples across Japan, Singapore, Thailand and Vietnam, including hotels and [...]
Cinven gears up for £1bn float of annuity outfit February 17, 2013 CINVEN, the private equity business, is firming up plans for a £1bn float of its annuity business Partnership amid a renaissance in London’s capital markets. The mid-market buyout shop, which also owns PizzaExpress and ASK Italian restaurants, is understood to be pushing for an initial public offering (IPO) of Partnership in the second half of [...]
A cynic’s solution to not loving Valentine’s day February 12, 2013 City A.M.’s cocktail expert Call ME a cynic, but there is only one thing worse than being single on Valentine’s Day and that is being forced to sit with your significant other in a bar or restaurant, spending hand over fist in a vain attempt to quantify your affections. And every year the expectations for [...]
Byron Hamburgers under the hammer for upwards of £100m February 10, 2013 BYRON, the upmarket hamburger chain dotted around London’s square mile, is being touted to would-be buyers with a price tag of between £100m and £120m, after the chain boomed to healthy adjusted profits over the last six months. The outfit, which is part of a stable of restaurants including PizzaExpress, Ask Italian and Soho institution [...]