Sky and Liberty compete with Qatari investors for Formula 1 deal June 28, 2015 Two new companies have joined the race to buy CVC's 35.5 per cent stake in Formula 1 (F1). Read more: Business lessons from Formula 1: Have you overloaded on talent? Broadcaster Sky and telecommunications firm Liberty are said to have held informal discussions with the private equity firm, which is selling off its part [...]
As the first homes go on sale in Canary Wharf: Is this the death of the commute? June 25, 2015 Since its inception in the 1980s, Canary Wharf has come to epitomise modern business. But until this week, no one could live there. The Canary Wharf Group, the development company responsible for the entire estate, has unveiled its first show home this week – and City A.M. has exclusive pictures of what’s inside. So whether [...]
Communities in the sky: Architects are embracing a very capitalist utopian dream June 25, 2015 Architects are returning to the utopian idea of housing projects as selfcontained communities where residents are able to interact in social spaces. Only this time it’s a very capitalist dream Here’s how most of us choose our homes: we pick an area we can afford, perhaps somewhere with a good school for the kids, [...]
Hartfield House: This architectural wonder is the ultimate blend of country bliss and avant-garde design June 25, 2015 When a city-dweller dreams of leaving the rat race for the country, certain stock images appear. Most likely there will be fields of golden rapeseed, sheep bleating on hillsides and church spires reaching into an overcast sky. But deep into an ancient forest in East Sussex, you’ll find a light-filled construction of glass and sandstone [...]
Barclays ditches Credit Suisse in broker shake-up June 24, 2015 HIGH STREET bank Barclays has ended its 25-year broking relationship with Credit Suisse after appointing JP Morgan Cazenove to the role. The UK lender, which also has Deutsche Bank retained as a co-broker, selected the bank after putting its corporate broking mandate up for tender. Deutsche Bank has been co-broker since 2011. Broking mandates earn [...]
Piccadilly’s Criterion restaurant enters administration after 60 per cent rental hike by landlord Criterion Capital June 24, 2015 Iconic London restaurant Criterion has gone into administration after 140 years, as a result of sky-high rents. UHY Hacker Young has been appointed administrator, with Peter Kubik and Andrew Andronikou handling the case. The Criterion was put into administration by the directors after its rent jumped 60 per cent from £525,000 to £850,000 [...]
City of London Festival: Edinburgh Fringe faces fresh rival from the Square Mile June 23, 2015 Jealous of your rural friends festival-hopping their way around the British countryside? Don’t be; the City of London festival opens this week, bringing workers all the acrobatics and entertainment they can fit into their lunch break. The 53rd edition of the City of London Festival starts this week. With over 200 events spanning three weeks, [...]
John Lewis has started selling the iPhone, Samsung Galaxy S6 and other smartphones, partnering Vodafone to offer contracts June 23, 2015 High street favourite John Lewis is going mobile and will for the first time stock smartphones on its shelves in an ambitious move to sate people's appetite for mobile devices and grab a share of the rocketing market. More than 25 sim-free handsets will go on sale online from today, while the department store is [...]
City watchdogs expected to curb restrictions on bonus buy-outs June 22, 2015 Regulators will bow to City warnings that new pay rules threaten to undermine the UK’s competitiveness when they unveil proposals to change the way bonuses are treated when bankers quit their jobs to join a rival firm. The Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) are expected to announce today that they have [...]
Sky and Severn Trent bids talk pushes FTSE up – London Report June 22, 2015 BID SPECULATION boosted media group Sky and utility Severn Trent, pushing the FTSE 100 equity index upwards yesterday, while hopes of a Greek debt deal lifted stock markets worldwide. The blue-chip index rose 115.22 points, or 1.7 per cent, to 6,825.67 points at the close, its strongest daily gain since the results of the General [...]