The ex-investment banker who is shaking up the retail trading world November 22, 2010 ROBIN OSMOND does not come across as somebody intent on disrupting the status quo. But this is exactly what the softly spoken and quietly animated LMAX chief executive has in his sights with the launch of the firm’s new retail trading venue. The exchange, which currently offers contracts for difference (CFD) and rolling spot FX, [...]
In praise of French spirit November 17, 2010 HERE’S a strange thing: the French don’t like cognac. In fact, according to Patrice Pinet, master blender for Courvoisier, France imports more Scottish whisky than it makes cognac. Young people in France in particular, he laments, have given up on the drink, associating it with a naff, fusty past instead of a cool, cocktail-centric present. [...]
British Land eyes disposal of City assets November 16, 2010 LONDON landlord British Land intends to sell assets in the City financial district as it takes a more trading-focused investment strategy, adding an uptick in its exposure to prime offices may not last long. The company said yesterday its £1bn share in developing 2.1m square feet of prime offices in central London would see its [...]
Learn He-Man’s recipe for great guns November 15, 2010 WHATEVER your feelings about the acting skills of Swedish action film star Dolph Lundgren, the man has guns. That is, insanely sculpted arms and a physique that suggests super-human strength. So when an opportunity arose to go and train with him while he was in London to promote his new film the Expendables, I couldn’t [...]
West End sees robust October high street sales November 14, 2010 SALES at London’s West End shops remained robust during October despite the details of the government’s Comprehensive Spending Review acting to unnerve consumers. According to lobby group the New West End Company, which is backed by major retailers and property owners in Bond Street, Oxford Street and Regent Street, West End sales rose 7.7 per [...]
FOCUS ON: BRIGHTON AND HOVE, EAST SUSSEX November 11, 2010 ONE BRIGHTON, NEW ENGLAND ST Price: £280,000 There is one two-bed apartment still for sale in this zero-carbon development in the heart of Brighton. The development has roof-top gardens and allotments. The apartment comes with a fully-fitted kitchen and bathroom while the master bedroom has an en suite. Contact: Fox and Sons on 01273 777000, [...]
Investing in property in the UK Silicon Valley November 11, 2010 HAVE you ever looked at Canary Wharf’s riverside properties and wished you had bought one when Thatcher first hatched her plan to turn it into a business hub? Back when nobody realised how lucrative it would become? Well David Cameron’s call for a British Silicon Valley stretching from Shoreditch to the Olympic Park could be [...]
CITY PAYS ITS DEEPEST RESPECTS TO BRITAIN’S FALLEN WAR HEROES November 11, 2010 SILENCE blanketed the City of London yesterday at 11am, to mark the anniversary of Armistice Day, the end of the First World War. The largest remembrance ceremony took place at Lloyd’s of London, where 5,000 members of the insurance market gathered on the trading floor to watch on as their chairman Lord Levene and Lord [...]
Ruling the theatre roost November 11, 2010 OF all the areas you might expect a canny private equity firm to invest serious bucks, the theatre business – with its reputation for volatile actors and directors, no less volatile audiences, and millions poured into shows that can fold almost immediately – might not be top of the list. However, London firm Exponent has [...]
Upbeat Great Portland sees strong gains November 10, 2010 Great Portland Estates booked a 7.3 per cent half-year gain in its London property portfolio to £1.46bn, buoyed by higher income as tenants seek its more affordable office space. The landlord, known for offering office and retail space at competitive rents in the popular West End business district, yesterday said its adjusted net asset value [...]