SPFL agrees £2m Ladbrokes sponsorship deal May 13, 2015 After three seasons without a main sponsor, the Scottish Professional Football League (SPFL) has finally found a backer: it's agreed a deal with bookmaker Ladbrokes. The SPFL said the deal, which comes into effect at the beginning of next season, was the "biggest ever of its kind in Scottish football" although it did not specify the [...]
Tui share price rises as it promises 10pc profit growth May 13, 2015 The figures Fresh from its recent merger with its German owner, holiday giant Tui said this morning revenues grew 7.3 per cent to €6.9bn (£5bn) in the six months to the end of March, up from €6.4bn during the same period last year. Its loss on earnings before interest, taxation and amortisation fell 20 per cent, from a loss of [...]
Verizon swoops for AOL in $4bn bid to boost ads May 12, 2015 VERIZON, the US mobile phone network, has made a shock $4.4bn (2.81bn) bid for internet stalwart AOL, offering $50 a share yesterday. Verizon is keen to get its hands on AOL’s advertising technology, and use it to deliver targeted advertising to mobile devices. AOL, a firm reminiscent of the dot com boom era, also owns [...]
Office vacancies in south east at 14-year low May 12, 2015 VACANCY rates across the south east office market are at their lowest since 2001, driving rental growth to record highs in towns across the region, Knight Frank reported yesterday. The property advisory firm’s annual M25 office market report revealed that availability fell by 13 per cent across all types of office space in the first [...]
Insurer Hiscox’s growth lifted by fewer disasters in first months of 2015 May 12, 2015 International specialist insurer Hiscox has reported a 12 per cent quarterly increase in gross written premiums (GWP), boosted by currency movements and fewer disasters. The London-listed company said premiums for the three months ending 31 March rose to £561.7m from £501.6m at the same time last year. Chief executive Bronek Masojada said: “It’s been an [...]
Wales’ mobile network Aims to hit profit target May 12, 2015 WIKIPEDIA founder Jimmy Wales’ mobile phone network, the People’s Operator (TPO), released its audited full year accounts for 2014 yesterday. The results showed losses widened to £2.3m in 2014, from £1.5m in 2013. However, the insurgent mobile operator, which donates 10 per cent of each customer’s bill to a charity of their choice, increased revenue [...]
City Moves for 13 May 2015 | Who’s switching jobs May 12, 2015 BNP Paribas Real Estate Simon Durkin has been appointed head of UK research at the property advisory firm. He joins from Deutsche Asset & Wealth Management, where he was head of research and strategy for Europe in its alternatives and real assets division. Durkin has also held senior roles at CoStar Group. Newton Investment Management [...]
Enterprise Inns responds to new tenant powers May 12, 2015 BRITISH pub landlord Enterprise Inns plans to sell 1,000 pubs, create a large property rental arm and expand its own managed pubs unit in response to a new tenant law that stands to hit profits. The law will allow publicans to choose where they buy their beer, threatening future profits of landlords, who, under a [...]
This London house in Ilchester Place, Kensington, earns more than you May 12, 2015 A plush Kensington house nestled next to leafy Holland Park has earned more in the past eight years than most London workers. The three-storey eight-bed house in Ilchester Place, which is on the market with a £13m price tag, has raked in £130 an hour since it was last sold in 2007. The rising value of [...]
City Moves for 12 May 2015 | Who’s switching jobs May 11, 2015 Colliers International Martin Mahmuti has been appointed senior property economist in the commercial real estate services firm’s research and forecasting team. He began his career at Cushman and Wakefield, where he primarily reported on UK, Europe, Middle East and Africa retail markets. Hermes Investment Management Philip Nell has been appointed fund director in the asset [...]