Moss Bros back in style as online orders increase March 25, 2015 MOSS Bros posted a jump in full-year profits yesterday as online sales soared and shoppers snapped up the retailer’s new ranges, even as its hire business continued to struggle. The wedding market has struggled over the past two years amid a tough economic climate, summer events such as the World Cup and more couples saving [...]
City Moves for 26 March 2015 | Who’s switching jobs March 25, 2015 London Capital Group The online trading firm has appointed Charles-Henri Sabet (pictured) as chief executive. He was previously executive chairman of the company, and joined the board in September 2014. Charles Poncet has been appointed non-executive chairman. He was a non-executive director of the firm. Old Mutual Global Investors The asset management firm has appointed [...]
In charts: Are UK house prices suffering from pre-election blues? March 25, 2015 The housing market could be facing a case of pre-election blues. The customary January demand-surge just never arrived. But is this cause for concern or just the market stabilising? The figures Office for National Statistics (ONS) figures show that the rate of house price growth in the UK slowed to 8.4 per cent in the [...]
Bellway profits soar on back of strong housing demand March 25, 2015 The numbers Homebuilder Bellway has reported a jump in profit before tax of 53 per cent to £159m for the half year ended 31 January. Revenue climbed 18.7 per cent to £831.2m. In good news for shareholders, dividends per share soared 56 per cent to 25p. Completions for the period rose 15.7 per cent from the [...]
General Election 2015: How MPs stepping down at this election could make millions on their second homes March 25, 2015 Exclusive: On 30 March when parliament is dissolved, as the majority of MPs will gear up to embark on the toughest part of their election campaigns, some will bid farewell to the Commons for the last time as they step down from public life. But among the 77 MPs leaving office, many will be left [...]
Morrisons new chief shelves old exec team March 24, 2015 MORRISONS new chief executive David Potts has wasted little time in overhauling the beleaguered supermarket chain as he turfed out five of its senior managers yesterday. Potts, who only took the top job at the Bradford-based retailer last week, said he plans to simplify and speed up the business by building a “leaner senior management [...]
London house prices on the up after six months of flatlining March 24, 2015 London’s house prices are picking up again after stalling since August, official data showed yesterday. The average home in the capital cost £510,000 in January – up 1.6 per cent from £502,000 in December, and back up towards the £514,000 peak seen in August 2014. Nationally, prices rose £1,000 to an average of £273,000. Over [...]
Five Morrisons execs leave as Potts swings axe March 24, 2015 Five members of Morrisons' management team are on the way out, after new boss David Potts swung his axe. Group customer marketing and digital director Nick Collard, group retail director Martyn Fletcher, group property and strategy director Gordon Mowat, group logistics director Neal Austin and convenience managing director Nigel Robertson are all leaving. "I will [...]
AnaCap to move into Derwent London’s Stephen St building March 23, 2015 DERWENT London has let the top two floors of 1 Stephen Street near Tottenham Court Court to AnaCap Financial Partners, a private equity firm specialising in the European financial services sector. The property developer said yesterday that AnaCap has taken 16,150 square feet on the ninth and tenth floors of the building. The firm will [...]
City Moves for 24 March 2015 | Who’s switching jobs March 23, 2015 Baker Tilly The accountancy and business advisory firm has appointed Steve Hopkins as a consultant in its restructuring and recovery practice. He was previously head of corporate insolvency at Barclays Bank, and has over 20 years’ experience in restructuring and insolvency. LCH.Clearnet Frank Soussan has been appointed global head of CDSClear at the clearing house. [...]