Drake & Morgan opening more quirky City bars August 13, 2012 CITY WORKERS rejoice. Drake & Morgan, the quirky bar and restaurant group behind the Anthologist and the Folly in the City, is set to launch two more venues for thirsty employees to visit after a hard day’s work, this time nearer to Holborn and St Paul’s. Fund manager Axa Real Estate revealed yesterday it has [...]
LONDON 2012 IMAGE OF THE DAY August 12, 2012 The City of London was buzzing with Olympics spectators yesterday as the Men’s Marathon took in the Square Mile. Here Emmanuel Kipchirchir Mutai of Kenya and Yared Asmerom of Eritrea run through Leadenhall Market. Restaurants such as the Mercer in Threadneedle Street opened specially for the occasion. Throughout the Olympics, City A.M. will be publishing [...]
Restaurant boss demands £90k from Mayor August 9, 2012 THE OWNER of a City of London restaurant yesterday hand-delivered a bill for £90,000 to Mayor of London Boris Johnson in protest at alleged loss of trade during the Olympics. Neleen Strauss of the High Timber restaurant said turnover is down 80 per cent in the last fortnight as workers stay out of the City [...]
Why Boris owes me £90,000 for Olympic damage August 9, 2012 I HAVE hand-delivered a bill for £90,000 to the mayor of London. This is – give or take a few hundred pounds – what the Olympic Games have cost me in turnover since they began. And I have asked Boris Johnson to pay the bill personally, not from the seemingly limitless coffers that supported London [...]
An alternative paradise August 5, 2012 IT is raining on Dominica, and this is no passing shower. I’m soaked to the skin, I’ve lost the sole from my shoe and I’m covered in a reddy brown mud. Dominica, known as the “nature island”, is already turning all my preconceptions about a Caribbean “paradise” on their head. Not famous for its white [...]
How Olympic organisers can get shot of the West End ghost town August 1, 2012 WE’VE scared them off. Somewhere between Boris Johnson’s ominous ode to overcrowding, and TfL’s weird posters of diligent Londoners in their underwear, planning routes to work, the city’s attempts to keep moving during the Games have frightened droves of tourists into barely venturing out of the confines of the Olympic Park. If organisers don’t act [...]
PROPERTY GROUP OF THE YEAR July 31, 2012 IT HAS been another testing year for most industries, not least for the property sector. The main theme has been the continued lack of available debt, which has dried up development projects, while ongoing uncertainty in the global economy has shaken confidence and in turn stifled demand for space. But it has not all been [...]
As London firms report low visitor numbers, is hope for an Olympic business boost dead? July 31, 2012 YES Nica Burns So London has a big hit – the Olympics. A brilliant show, with a cast of outstanding performers – drama, fulfilled and shattered dreams, laughter and tears. It’s a once in a lifetime and we’re riveted. We’re either going to see the events, or we’re watching them on a screen. We’ve listened [...]
Hammerson reveals Croydon centre plans to rival Westfield July 26, 2012 HAMMERSON yesterday unveiled its plans for the redevelopment of Croydon’s Whitgift Centre as the battle between the property developer and Australian rival Westfield escalated. Plans to revive the 1960s shopping mall came to a halt this year after its leaseholders – Royal London Asset Management and Irish Bank Resolution – and the freehold owners – [...]
US corporate results round-up July 23, 2012 Slowing economy hurts McDonald’s FAST-FOOD chain McDonald’s reported lower than expected quarterly profit yesterday, hurt by a slowing global economy and the impact of a stronger dollar. The company said that net income fell 4.5 per cent to $1.35bn (£870m), and the impact of the stronger dollar ate into earnings in the latest quarter, while [...]