Tech firms overtake financials in the City office rental market October 22, 2012 LANDLORDS in the Square Mile have seen a surge in demand from tech firms since the start of the year, with office take-up increasing by 39 per cent, according to estate agents Knight Frank. Technology, media and telecoms (TMT) firms acquired 931,000 square feet of offices in the first nine months of 2012, compared with [...]
A sunny day at Sunningdale October 18, 2012 WITH the sun shining so marvellously on Wednesday, what better day could have arisen to bunk off work, in order to dodge some bunkers, on the green fairways of Sunningdale golf club in Berkshire. City and celebrity players alike turned out in their plus fours for the 15th Tullow Oil charity golf day. Besides the [...]
BBA’s Browne set to face MPs October 11, 2012 THE NEW head of the British Bankers’ Association will tell MPs next week what the industry body thinks of new powers set to be handed to the Bank of England. A new committee within the Bank could soon be able to impose capital rules for lenders and set charges to dampen lending in overheated parts [...]
LVMH boss Arnault to be knighted October 7, 2012 The chief executive of French luxury group LVMH, Bernard Arnault, is set to be knighted in London for his contributions to the British luxury industry, a company spokesman said yesterday. Arnault will become a Knight Commander of the Most Excellent Order of the British Empire, the spokesman said. The distinction is to recognise Arnault’s contributions [...]
Ofgem warns of electricity shortfall October 5, 2012 Britain risks running out of energy generating capacity in the next three to four years, according to a report by energy regulator Ofgem published today. Ofgem said the amount of spare generation capacity could fall from 14 per cent to only four per cent by 2015, largely due to tough environmental targets and the closure [...]
New terms for Glencore-Xstrata deliver new problems October 1, 2012 ANOTHER day, another twist in Glencore-Xstrata’s epic drama. It seemed for a few hours that Xstrata’s board might have done the trick, recommending the bid with a new share multiple and terms that include allowing shareholders the option of rejecting the planned £144m retention awards for senior Xstrata managers. Then Knight Vinke Asset Management, which [...]
What the other papers say this morning September 30, 2012 FINANCIAL TIMES News Corp boosts compliance teams News Corp has hired a senior official from the Securities and Exchange Commission and an ex federal prosecutor to lead new compliance units, part of an internal shake-up at the company following the phone-hacking scandal. Gerson Zweifach, the firm’s chief compliance officer, created the framework and will announce [...]
Ex bank lobby chief: Link pay to performance September 30, 2012 BANKERS’ high pay was not always earned, former industry spokesperson Angela Knight claimed yesterday in her first big interview since leaving the British Bankers’ Association (BBA). She defended the industry through the financial crisis, but has now believe “tough questions need to be asked” about remuneration packages. “I have always favoured big pay for big [...]
London agents see a surge in security September 27, 2012 South End, Kensington Guide Price: £15.95m This Fort Knox house includes two panic rooms with four inch bulletproof doors, a steel gun-safe for 24 firearms, an eight-inch steel vault and two separate CCTV systems. I pity anyone unwelcome who tries to get into this house. Contact Knight Frank on knightfrank.co.uk or 020 7938 4311 Balfour [...]
Focus on: Belgravia September 27, 2012 Belgravia is at the heart of central London. Located in the City of Westminster and the Royal borough of Kensington and Chelsea, Belgravia has become one of the most coveted addresses in London. Situated close to Knightsbridge and Chelsea, with the best upmarket boutiques, restaurants and schools on its doorstep, Belgravia has everything to offer [...]