Market Tech Holdings snaps up another Camden property as it eyes main market move October 26, 2015 Market Tech Holdings, the owner of the iconic Camden Market which is majority owned by Israeli entrepreneur Teddy Sagi, said it has added another property to its burgeoning north London empire and that trading was on track. The company, which owns around 14 acres of land in and around Camden, said it has bought the freehold of [...]
My Local: Mike Greene’s new convenience chain has a tough task ahead of it after Morrisons’ management October 26, 2015 Today’s grocery market is an unforgiving place for established supermarkets, let alone new retailers on the block. Many supermarkets are struggling against the seemingly inexorable changes sweeping the grocery industry. They face falling prices and shifting shopping habits, with shoppers moving simultaneously online and to the discount retailers. It is against this backdrop that Mike [...]
Former Sun editor Kelvin MacKenzie teams up with son Ashley and Invesco to shake-up Rightster board October 26, 2015 Ashley MacKenzie has joined forces with his father, former Sun editor Kelvin MacKenzie, Neil Woodford's investment management group and Invesco to oust the board of online video distributor Rightster. Chief executive Patrick Walker will step down and take-on a non-executive role, and non-exec chairman Mark Lieberman and directors Michael Broughton and David Mathewson will also [...]
Black Friday 2015 UK date: Why the crazy discount and deal day chaos is coming early this year (and will last longer) October 26, 2015 Be prepared for Black Friday to come early this year. There's a month to go until the day which brought us frenzied scenes of bargain shoppers, but one company believes retailers will begin their discounting even earlier than 27 November when it falls. "Retailers are likely to discount earlier than Black Friday but spread the offers over [...]
Remortgage lending figures surge in September over prospect of rate hike October 26, 2015 The number of people remortgaging their properties jumped in September as homeowners rushed to secure record-low rates ahead of a potential interest rate hike next year. The latest figures from property services group LMS reveal that remortgage loans reached 28,686 last month, up 12 per cent from 25,600 in August. This is also a four per cent [...]
International Energy Agency executive director Fatih Birol warns over under-investment in the oil industry October 26, 2015 The executive director of the International Energy Agency (IEA) Fatih Birol has warned that a drop in investment across the oil industry could cause prices to tighten from mid-2016. Speaking at the Singapore International Energy Week, he said oil investment was likely to fall again in 2016, after sliding by more than a fifth this year. "If it comes [...]
London house prices: Dreaming of a pad on the river Thames? Here’s how much it will cost you October 26, 2015 A room with a view always comes at a price. But that premium can be as high as 70 per cent when buying a property in London with a view of the river Thames, according to research from Cluttons. The estate agency said homes for sale on the river or with views of the Thames can [...]
BP, Shell and BG Group earnings: Investec says oil companies’ profits set to halve amid rout October 26, 2015 Could oil majors' profits halve when they update the market on their third-quarter trading this week? Broker Investec has said it expects low oil prices to push the sector's earnings down 29 per cent quarter-on-quarter, and 57 per cent annually. Amid the gloom, traders will be looking for evidence oil companies' upstream operations – which relate to the extraction and [...]
Dollar Financial must repay millions to customers of Money Shop, Payday UK, Payday Express and Ladder Loans, Financial Conduct Authority rules October 26, 2015 The payday lender behind familiar high street short-term loans business The Money Shop has been told to repay millions of pounds to customers by the finance watchdog. More than £15.4m will be repaid to 147,000 customers after an investigation by the Financial Conduct Authority found Dollar Financial was lending more than people could afford to repay, and issues with [...]
Toyota overtakes Volkswagen as world’s biggest carmaker by sales October 26, 2015 Toyota has displaced German manufacturer Volkswagen as the world's biggest carmaker by sales. The Japanese carmaker sold 7.49m vehicles in the first three quarters of 2015, putting it ahead of VW's 7.43m. It comes after VW inched ahead of Toyota in the first six months of this year, having sold 5.02m vehicles to VW's 5.04m. Read more: What Volkswagen scandal? [...]
