The University of Law campus in Bloomsbury sold to Schroders funds in £68m deal December 18, 2014 Funds group Schroders has snapped up The University of Law campus in London’s Bloomsbury via two of its property funds for £68m. Schroder Real Estate Investment Trust said yesterday it has bought a 50 per cent stake in the West End site alongside Schroder UK Property Fund, also managed by Schroder Real Estate Investment Management. [...]
The EU-US free trade deal is in danger of failing – and it’s SMEs who’d lose out December 18, 2014 THE CRUCIAL free trade agreement currently being negotiated between the US and the EU (colloquially known as “TTIP”) has become the focus of much public scrutiny – even hostility – in recent months. So David Cameron is absolutely right to push TTIP higher up the EU’s agenda at the European summit this week. The talented [...]
Let’s empower London’s fintech innovators to banish rip-off remittance fees December 18, 2014 HUNDREDS of thousands of Londoners will work extra hours this Christmas in difficult and low paid jobs so they can send money to relatives living abroad. Remittances like these now outstrip the amount sent in donor aid to sub-Saharan Africa. But these remittances will be reduced in value by money transfer charges as high as [...]
FedEx stock falls 5pc as it misses profit expectations for quarter December 17, 2014 FEDEX yesterday posted lower-than-expected quarterly earnings as results at its FedEx Ground and FedEx Freight units missed estimates, and it reiterated an outlook analysts consider conservative, sending its stock down nearly five per cent. On a conference call with analysts, FedEx executives said labour problems at West Coast ports this year had left cargo shipments [...]
City Moves for 18 December 2014 | Who’s switching jobs December 17, 2014 Rightster The Aim-listed video distribution and monetisation network has appointed Niall Dore as group finance director. He was previously finance director at Betfair Group, and has also held group financial controller positions at GE Life and Hyder Consulting. Zeus Capital Hugo Chance has been appointed director, head of family offices, at the independent investment bank. [...]
Lastminute.com sold for £76m to Swiss travel firm December 16, 2014 TRAVEL site Lastminute.com, founded at the height of the dot.com boom in 1998, has been sold to Bravofly Rumbo Group in a £76m deal. The sale will see current owner, US-based Sabre, swallow a big loss, having bought the holiday site for £577m in 2005. Swiss company Bravofly made the winning bid yesterday, following a [...]
Putin’s disaster economy now faces a perfect storm December 16, 2014 VLADIMIR Putin is surely receiving his long-awaited comeuppance, as his country struggles to deal with a full-blown currency rout, driven by plunging oil prices. For if the US and Saudi Arabia are indeed in cahoots to drive down the price of oil to smite their Russian enemy, as I have previously posited, one must admit [...]
William Hague outlines English votes for English laws: Here’s what you need to know December 16, 2014 William Hague has outlined proposals for English votes for English laws (EVEL). Speaking to the House of Commons, Hague revealed his party's plans to put an end to the so-called West Lothian question that has divided opinion across the UK for decades. Under the current system Scottish MPs have the right to vote on issues [...]
Labour councillors call for Soho nightclub Madame Jojo’s to be re-opened under new management December 4, 2014 Labour councillors have called for legendary nightclub Madame Jojo's to re-opened under new management, after its license was revoked last month following a violent incident. By closing the iconic club Westminster council would "continue the remorseless process of Soho gentrification". Rather, it should be re-opened by a new owner under the same licensing terms. The area, [...]
James Bond 24: All you need to know about Spectre, plus we crunch the numbers on franchise’s profits December 4, 2014 James Bond mania is upon us. Today at Pinewood Studios in west London, Sony Entertainment, Eon and MGM revealed the details of what has until now been simply called James Bond 24. The new film is called Spectre, taking the title from Special Executive for Counter-Intelligence, Terrorism, Revenge and Extortion, a fictional organisation that [...]