British Land wins second tenant at London’s Marble Arch House July 14, 2014 BRITISH Land said yesterday it has secured its second letting at Marble Arch House in the West End after signing a deal with an industrials group owned by the Ukrainian-born US tycoon Len Blavatnik. Access Industries, which also operates from New York and Moscow, has signed a ten-year lease for all 4,500 square feet on [...]
London Report: FTSE falls from highs on global growth jitters July 7, 2014 BRITAIN’S top share index retreated from a three-week high yesterday on concerns about the pace of global economic growth, with cyclical sectors such as miners and banks worst hit. The blue-chip FTSE 100 index ended 0.6 per cent lower at 6,823.51 points after climbing to its highest since early June in the previous session. The [...]
F1 hasn’t worked: QPR owner Tony Fernandes quits formula one with Caterham sale July 3, 2014 QPR owner Tony Fernandes has sold his struggling Caterham Formula One team, bringing to an end to the Malaysian millionaire's failed foray into motor racing. The Oxfordshire-based F1 team has been sold to an unnamed consortium of Swiss and Middle Eastern investors, it was announced yesterday, with retired Dutch driver Christijan Albers taking over its [...]
City Moves for 27 June 2014 | Who’s switching jobs June 26, 2014 Deloitte Real Estate Deloitte’s real estate business has promoted five to partner. Jamie Olley (pictured) works in its City investment team. Mathew Evans-Pollard works in planning and development, Mike McChesney in lease advisory, Leonie Oliva in planning and Guy Palmer in procurement. Squire Patton Boggs The law firm has appointed Andrew Walker as UK head of [...]
Stagecoach meets expectations as confidence in buses grows June 25, 2014 Stagecoach has announced financial results in line with the company's expectations for the year ended 30 April. Profit before taxation was in line with analysts’ forecasts of £180m. The FTSE 250 company's performance in the UK was was boosted by new contract wins in London and solid cost control. North American business has been booming, [...]
What the other papers say this morning – 25 June 2014 June 24, 2014 FINANCIAL TIMES China’s new plan to rival World Bank China is expanding plans to establish a global financial institution to rival the World Bank and the Asian Development Bank, which Beijing fears are too influenced by the US and its allies. In meetings with other countries, Beijing has proposed doubling the size of registered capital [...]
George Osborne’s HS3 high speed rail link criticised as vanity project June 23, 2014 Chancellor George Osborne’s plan for a High Speed 3 rail link between Manchester and Leeds in the north of the country has been dubbed a “costly vanity project” by a leading economic think tank. The Institute of Economic Affairs (IEA) yesterday accused the chancellor of “concocting” a headline-grabbing plan ahead of the election in 2015, [...]
We take the Aston Martin Vanquish to Dartmoor June 23, 2014 It’s the tail-end of dusk in Devon and silence is broken. Thundering down the twisting A382 from Exeter to Chagford, an ancient tin-mining town set on the upper reaches of southern England’s most rugged terrain, Dartmoor, the Aston Martin darts into a private road. Its V12 echoes through a dark tunnel of trees, skimming the [...]
London house prices: City closing in on West End’s values June 23, 2014 Residential property prices in the City are rapidly rising to match some of London’s most expensive areas, and could catch up with the costliest parts of the West End in just five years’ time. Typical house and flat prices in the City were 60 per cent lower than their equivalents in the ultra-prime areas of [...]
Virgin triumphs in West Coast rail bid June 19, 2014 Virgin has been successful in its attempt to continue operating the West Coast Main Line. The government said Virgin had pledged to raise capacity and that the contract was for a further two years and nine months. The deal is expected to bring £35m of passenger benefits including an extra 5,500 standard-class seats every day. [...]