Dyson’s move is not hypocrisy – it’s shrewd January 28, 2019 Among some of the more committed anti-Brexit activists it has become fashionable to levy the charge of hypocrisy against pro-Leave business figures whose commercial activity appears insufficiently patriotic. For those Remainers for whom Brexit is synonymous with an inward-looking philosophy and a narrowing of the UK’s horizons, it is incompatible for someone to support Brexit [...]
City Moves for 28 January – who’s switching jobs at Tetra Pak, LOC Group and Relendex? January 28, 2019 Who’s on the move today? Tetra Pak The Tetra Laval Group Board has appointed Adolfo Orive as president and chief executive officer of Tetra Pak, the food processing and packaging solutions company effective 1 April 2019. The appointment follows the decision by Mr Dennis Jönsson to step down from his position after 14 years as [...]
Holiday Homes: The best places to snap up a ski home in Austria before Brexit restrictions apply January 25, 2019 Ski resorts are rapidly discovering that it is actually the summer months that keep the cash tills ringing. This is why those offering year round Alpine appeal are proving to be the winners in the fickle property market, too. The Austrian Tyrol is no exception and while many of Europe’s ski resorts lie empty once [...]
Property of the week: This £30m Belgravia mega-mansion is so big it could be an art gallery and a boutique hotel January 25, 2019 Have a collection of artistic masterpieces but no space to put them? If you have a spare £30m in the bank, then you could be in with a chance of purchasing this mega-mansion in Belgravia that’s not just an enormous home but has enough space to spare to double up as a boutique hotel. Originally [...]
Mike Ashley tells HMV landlords: Give me six months rent-free January 25, 2019 Retail tycoon Mike Ashley is reportedly demanding a rent holiday from landlords of HMV stores as he negotiates a rescue deal for the music retailer. Ashley has written to HMV’s landlords to see a six-month period without having to pay rent if he buys the chain, according to reports. The landlords include major players in [...]
London startups take the lead in Tech Nation’s fourth Upscale accelerator January 25, 2019 City startups have landed more than two thirds of the places available on Tech Nation’s fourth Upscale acceleration programme, beating out over 100 applicants. The digital entrepreneur network, which also runs a fintech accelerator backed by the Treasury, has selected 30 startups as “ones to watch” in 2019. The fast-growing tech firms will enter the programme’s [...]
Fuller’s calls time on brewing business as Asahi agrees £250m deal January 25, 2019 Fuller has sold its vast beer, cider, soft drinks and distribution business to Japanese producer Asahi for £250m, as the pub operator ends its 174-year role as a brewer. Shares in the pub giant jumped more than 20 per cent on news of the surprise deal, which includes the sale of iconic brand London Pride. [...]
DEBATE: Should London impose rent restrictions, as suggested in Sadiq Khan’s campaign plans? January 25, 2019 Should London impose rent restrictions, as suggested in Sadiq Khan’s campaign plans? Dan Wilson Craw, director of Generation Rent, says YES. Londoners are paying some of the highest rents in the world. Building more homes will plug the shortage at the root of this, but that will take a decade or more. We need urgent action [...]
Jardine Matheson briefly loses $41bn in value following mystery trade January 24, 2019 Hong Kong-British conglomerate Jardine Matheson briefly lost $41bn (£31.5bn) in its share value today with the company blaming an electronic trading error. Jardine Matheson’s Singapore-listed shares traded down 83 per cent before rebounding, in what was originally suspected to be a so-called fat-finger trade. Around 167,500 shares in the company traded at $10.99 versus Wednesday’s [...]
Super-prime time: London surge in high end house sales January 24, 2019 Wealthy buyers have been on a spending spree for multi-million pound trophy houses during the last year, with demand for London’s ‘super prime’ residences bucking a wider slowdown in the capital’s property market. Despite political uncertainty ahead of Britain’s imminent departure from the EU and plans for a new stamp duty on international buyers, activity [...]