The Nominations: A very warm welcome to the shortlists for the City A.M. awards 2013 September 8, 2013 TODAY we kick off the countdown to this year’s City A.M. Awards with the first of the shortlists for an event that has rapidly established itself as a highpoint in the annual calendar. Our awards, now in their fourth year, celebrate all of the City’s main sectors and the people that make sure London remains [...]
Heroic leap in sales for retailer Supergroup September 5, 2013 SUPERGROUP, the company behind the Superdry fashion label, reported a leap in first quarter sales yesterday thanks to overseas expansion and strong demand for its autumn and winter collections. Shares jumped 5.87 per cent as the retailer posted group sales of £75m in the 13 weeks to 28 July, up 25.7 per cent on the [...]
Expansion boosts Belvoir sales September 5, 2013 Belvoir Lettings, the estate agency that floated on Aim last year, posted a 35 per cent rise in half-year revenues yesterday to £2.5m after making a string of acquisitions and bolstering its presence in London and the south east. Belvoir runs 142 franchised offices across the UK and aims to grow to 200 by 2016. [...]
Eurozone boost as output hits a two-year peak September 4, 2013 THE EUROZONE’S recovery finally appears to be on track according to data released yesterday, with business output growing in August at its fastest pace in over two years. The news came as separate data from Brussels showed the single currency area escaping recession during the second quarter of the year, supporting earlier estimates. The Eurostat [...]
Digitising Whitehall could save taxpayers up to £24bn a year September 1, 2013 CIVIL servants should eliminate the use of paper when interacting with the public and model their working practices on internet start-ups, according to a report released today. Influential think tank Policy Exchange says the existing Whitehall model is failing to take advantage of technological change. It believes that if the state can match the productivity [...]
Barclays appoints former White House and Treasury lawyer as general counsel August 30, 2013 Barclays has announced the appointment of former White House and Treasury lawyer Bob Hoyt as group general counsel, completing chief executive Antony Jenkin's executive team to deliver the bank's "Transform" programme. Hoyt will succeed Mark Harding, who announced his intention to retire in February. He joins from PNC Financial Services, where he is currently general [...]
Foxtons to raise £55m in stock market debut August 27, 2013 FOXTONS confirmed plans yesterday to list on the London Stock Exchange and to raise £55m by offering new shares to help pay down its remaining debt. The London-focused estate agency said the initial public offering will also see Adnams BBPM Holdings, a vehicle controlled by its private equity owners BC Partners, sell a partial [...]
Foxtons’ float to land bosses £100m windfall August 26, 2013 LONDON estate agency Foxtons is poised to make a move onto the London Stock Exchange that could land its senior management team a £100m windfall. The company, which was founded more than 30 years ago in Notting Hill, is expected to announce today its intention to pursue a public flotation that could value the business [...]
Thomson Local bought out of administration August 22, 2013 DIRECTORY services brand Thomson Local was bought out of administration by two serial entrepreneurs yesterday. Thomson Local, which sends out 22m copies of its UK business directory and maintains several websites, appointed Grant Thornton as administrator on Wednesday, following several tough years. The Hampshire-based firm posted a net loss of £732,000 for 2011, down from [...]
First July deficit since 2010 as spending creeps higher August 21, 2013 THE UK posted an unexpected deficit in July, the first for the month since 2010, highlighting the sluggish progress in reductions to spending. Records of the country’s recent public finances, released yesterday, show a relatively small deficit of £62m for last month. In the same month in 2012, the treasury ran a budget surplus of [...]