Knight Frank payouts fall as profits dip September 13, 2009 ESTATE agent Knight Frank yesterday insisted it was looking ahead to a “period of stability” after revealing a near 50 per cent fall in full-year pre-tax profits. The group, which advised on Nomura’s move to Watermark Place – the City’s biggest property deal this year – revealed underlying group profits had fallen to £33.2m in [...]
FOCUS ON: BOW, E3 September 10, 2009 CHISENHALE ROAD, E3Price: £799,950This large three-bedroom house is located in a quiet residential street but within walking distance of the amenities of Victoria Park and Mile End Tube station. Set over three floors, the property has a spacious open-plan living room, family bathroom, separate shower room and a large kitchen. The rear garden backs onto [...]
City attacks Osborne over bonuses veto September 7, 2009 HIGH-PROFILE City figures including British Bankers’ Association chief executive Angela Knight yesterday hit out at shadow chancellor George Osborne’s suggestion that regulators should strip bankers of their bonuses this year. The man who most commentators expect to be the next chancellor of the exchequer said yesterday that regulators should axe bonuses in the banking sector [...]
In an ecclesiastical home, heaven is a place on earth September 3, 2009 OKAY, so it might involve sleeping where an altar once was. Or perhaps a belltower, nave or vestry. It sounds ever so slightly scandalous, but ecclesiastic properties are recession-busting favourites, with architectural features that can’t be rivalled. In London, there’s a range of options – many of which are considered hip as well as high-end, [...]
Boris battles Brussels bureaucrats September 2, 2009 STRIDING down the European corridors of power in Brussels yesterday, Boris Johnson looked every inch the City’s knight in shining armour. The London Mayor has styled himself recently as one of the lone champions of Britain’s financial services industry, with his outspoken views on abolishing Labour’s new 50p tax rate, his vehement support of the [...]
Knight: Pay row must end September 1, 2009 ANGELA Knight, the chief executive of the British Bankers’ Association, yesterday called for an end to the public debate on remuneration and slammed a suggestion from Prime Minister Gordon Brown that pay could be capped as a percentage of profit. Knight told City A.M. that the Financial Services Authority (FSA) and No. 10 Downing Street [...]
Villa land Collins but Dunne deal delayed September 1, 2009 ASTON VILLA boss Martin O’Neill will have to wait until this morning to parade his deadline-day defensive pair after the Premier League requested more time to ratify Richard Dunne’s move from Manchester City last night. O’Neill is confident Dunne will be confirmed as a Villa player today with the ex-City captain having already completed a [...]
The best of both worlds: new builds take a historic turn August 20, 2009 EVERYONE from Kate Moss to Kylie Minogue to Roman Abramovich has one. Leonardo DiCaprio wants one. That’s because nothing says “I’ve made it” quite like a British country pile, preferably one with stables, guest cottages, tennis courts, carriage houses and swimming pools. Nowadays, if you don’t want the hassle of maintaining an old house, there [...]
Time is right for Broadgate stake sale August 18, 2009 NOTHING symbolised the post Big Bang world in the City more than the development of the Broadgate complex near Liverpool Street and Moorgate in the 1980s. The ice rink and the gleaming buildings fitted out for the likes of Shearson Lehman and SGWarburg were the focal point for the new City, before even the first [...]
Knight Frank sees upturn in property August 18, 2009 THE property downturn has now reached the bottom, according to Knight Frank derivatives head Richard White. Property derivatives are investments that allow investors to speculate on rising or falling values without having to purchase the asset. The UK commercial property market has fallen by 44 per cent since its peak in Summer 2007 to July [...]