London defies slow UK real estate market July 4, 2011 GROWING demand for office space and a booming London market are offering some hope for the UK’s ailing commercial property market, a new survey revealed today. And while the residential property sector continues to slump across the UK, house prices at the top end of the London market are expected to rise by nine per [...]
Jon Moulton’s Better Capital to inject a further £3m into Reader’s Digest July 3, 2011 JON Moulton will plough a further £3m into Reader’s Digest after his white-knight £13m bid saved the iconic magazine from bankruptcy a year ago. He told City A.M. yesterday the firm is undergoing radical changes and the cash injection will help it realise its ambitions of turning around its fortunes. He said: “The changes to [...]
CITY MOVES | WHO’S SWITCHING JOBS July 3, 2011 DTZ Catherine Vasseur, who joined the real estate adviser in January 2011, has been appointed as head of UK property management and a member of the UK executive committee. She will continue to focus on seven service delivery areas covering clients, staff engagement and the market perception of the business. Previous roles include president and [...]
Hammers and Tottenham at war after fresh claims fire Olympic Stadium row July 3, 2011 WEST HAM have vowed to take legal action against London rivals Tottenham following a fresh bout of controversy over the future of the Olympic Stadium. The Hammers yesterday mounted a vigorous defence of their successful bid for the Stratford venue after it emerged that a director of the OPLC, the public body that voted for [...]
OXTED, SURREY June 30, 2011 CROYDON ROAD Price: £249,950 This apartment has two double bedrooms, an entrance hall and a fully fitted kitchen. The lounge-diner and kitchen are open plan and the master bedroom has an en-suite bathroom. There are communal gardens and allocated parking that is accessible by electric gates. Contact: 01883 331000 or go to www.cubittandwest.co.uk LITTLE COURT, [...]
OUT THIS WEEKEND June 30, 2011 FILM AS IF I AM NOT THERE Gritty, gripping drama set during the Bosnian War. A SEPARATION A beautifully made, small-scale Iranian drama of life and love. DELHI BELLY A Bollywood gross-out comedy, about three flatmates getting into scrapes in Delhi. DVD SEASON OF THE WITCH Nicolas Cage is a medieval knight – yeah, right [...]
BBA CONFERENCE | HIGHLIGHTS June 29, 2011 The British Bankers’ Association (BBA) annual conference took place at the Guildhall yesterday. Here are some of the highlights: • BBA chief executive Angela Knight (pictured, bottom right) said that some of the many regulations being introduced “simply don’t work right, don’t fit together, are not coherent”, such as the requirement to hold more capital [...]
CITY MOVES | WHO’S SWITCHING JOBS June 27, 2011 CB Richard Ellis The commercial real estate adviser has appointed Sir Michael Lyons and Sir Andrew Foster as strategic advisers to strengthen the government & infrastructure team’s expertise in public sector assets and infrastructure. Foster, a former chief executive of the Audit Commission, is currently deputy chairman of the Royal Bank of Canada. Lyons, who [...]
LAWYER OF THE YEAR | June 26, 2011 FROM up-and-coming dealmakers to City stalwarts, our shortlisted lawyers represent the vast pool of legal talent that London has to offer both domestic companies and those from further afield. Our diverse list may appear difficult to compare at first glance, but with their combined talents they represent a group of people who’ve made the most [...]
Kesa weighs Comet sell-off as sales fall June 22, 2011 ELECTRICALS retailer Kesa yesterday admitted that it was weighing up a sale of its Comet business and revealed that it had already received a number of approaches. The company said there would be a “strategic review” which would take at least three months and look at a range of options for Comet, including disposal. Stressing [...]