Channel Islands
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Lottery grab and land tax planned to meet Olympics bill
A windfall tax on land values in East London is being considered by the Treasury to pay for the burgeoning cost of hosting the 2012 Olympics.
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Tchenguiz-owned Laurel Pub Company plans revamp
The Laurel Pub Company, controlled by Robert Tchenguiz, the property investor, has begun rebuilding the senior management team under new chief executive Paul Symonds.
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Instant Offices founder explains global ambitions
Rob Hamilton, founder of serviced office broker Instant Offices, talks to the Financial Times about his ambitions for the rapidly expanding group.
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Ikea rails at frustrating UK planning system
IKEA’s UK managing director Peter Hogsted talks to The Times about his frustrations at the intricacies of the British planning system.
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Country home prices soar 13% in a year
Country houses in the Home Counties are the latest beneficiaries of a recovery in the housing market, with values rising at their fastest level for six years.
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Cinven swallows restaurant group
PizzaExpress owner Gondala Holdings has agreed to a takeover by private equity firm Cinven that values the company at £559m as appetite for restaurants among private equity groups grows.
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One in five homes caught by stamp duty
Chancellor Gordon Brown’s higher rate stamp duty tax has, the Daily Telegraph writes, “caught” 2.6m homes in the past nine years.
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Matalan chief to file £817m bid for low-price chain
John Hargreaves, the chairman of Matalan, is expected to table an £817m bid for the low-price chain on Wednesday when a Takeover Panel deadline expires.
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Freeport announces 23% drop in net asset value
Freeport, the troubled European factory outlet developer, has announced a 23% drop in net asset value in the wake of write-downs on two of its largest sites.
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Battersea Power Station opens as art gallery
Battersea Power Station is to open its door to visitors on Sunday for the first time in its 67-year history as a centre for the arts.
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Paramount sold for £107m
Paramount Restaurants, the owner of the Chez Gerard chain, has been sold to privatge equity firm PPM Capital for £107.5m, including debt.
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Rejected Tote bid leaves Gala Coral in top spot
Gala Coral is in prime position to bid for the Tote after ministers rejected an offer from a racing consortium and said it would review the disposal of the state…