Kesa mulls move to quit London listing October 23, 2011 KESA Electricals is considering quitting the London Stock Exchange in favour of a Paris listing once it has sold its troubled Comet business. Moving the group to France would help it to avoid constant comparisons with Britain’s retail sector, a shift some major shareholders would view as beneficial. It could also change its name to [...]
Knight Frank partners share £73m bonus pool October 23, 2011 PARTNERS in the upmarket estate agent Knight Frank have landed a £73m payout after profits rose by 10 per cent in the last financial year, buoyed by foreign investors flocking to London’s luxury property market. The firm, which advises on both residential and commercial property deals, saw pre-tax profits rise to £101.9m in the year [...]
FOCUS ON: WINDSOR, BERKSHIRE October 20, 2011 ST LEONARD’S DALE Price: £2.1m This Georgian residence was designed by Anthony du Gard Pasley. It is grade II-listed and approached through wrought iron gates and a classic carriage driveway. The property is screened on all sides by mature trees and hedges. Contact: Knight Frank on 01344 840 020 or go to www.knightfrank.com SHEET STREET [...]
Shares are flat as struggling Mouchel begins asset sell-off October 20, 2011 AILING outsourcing group Mouchel finally got its firesale of assets underway yesterday but the first deal will generate only £3.4m initially. It has agreed to sell its rail business and related assets to Australia’s Sinclair Knight Merz for cash and hopes to claw back a further £2.5m having retained certain assets, such as money owed [...]
CLAPHAM, SW4 October 13, 2011 CALDERVALE ROAD Price: £950, 000 On a tree-lined street just a few minutes walk from Clapham Common, this four bedroom family home stretches over 1,800 square feet and has room for extension. The property retains many of its original features. Contact: Douglas & Gordon on 020 8675 4400 or go to www.douglasandgordon.com CLAPHAM COMMON Price: £2.45m [...]
BBA: blanket bailout unfair October 11, 2011 EUROPEAN governments should focus on getting their houses in order and should not force blanket recapitalisation on the region’s banks, according to the head of the British Bankers’ Association (BBA), the industry body. BBA chief Angela Knight told City A.M. that bailing out banks should only be done if necessary as the third leg of [...]
STANMORE, HA7 October 6, 2011 CASTLE KEEP PENTHOUSE Price: £999,995 Castle Keep Penthouse is a duplex apartment over two floors and a roof terrace. It has high ceilings, an elegant dining room with a marble fireplace, three double bedrooms all en suite, a luxury bespoke oak-finished kitchen, guest cloakroom and laundry room. Contact: Savills on 01923 824 225 or go [...]
WORLD CUP RUGBY STAR REVEALS AN UNEXPECTED WEAKNESS September 29, 2011 THERE HAS only been one occasion when Jason Leonard, the most-capped England rugby player of all time, has been intimidated on the pitch. That moment came when Leonard met Norman Hadley, a six foot nine Canadian rugby union player with a scar down his cheek that “didn’t come from rugby”. For reasons best known to [...]
London prime property soars September 26, 2011 INVESTORS fleeing from the Eurozone turmoil are parking increasing amounts of money in top London property, pushing the price of prime houses close to £4m in recent weeks. Viewings are up by 25 per cent over the three months to September. The number of available properties has risen by 13 per cent, but not enough [...]
Monaco’s calling September 22, 2011 TIMES are tough for property in some parts of the world. Not, however, in Monaco, where investors seeking classic, mature markets feel comfortable. The fact that it’s still one of the most glamorous locations on earth – with some of the world’s best restaurants and casinos (and let’s not forget the marina) – doesn’t hurt, [...]