Channel Islands
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Next to test cut-price range stores
Next, the fashion retailer, has confirmed plans for trials of standalone stores for Lime, its new cut-price clothing line, next month.
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Tchenguiz backs HBOS bid for McCarthy
Property investor Vincent Tchenguiz has backed a private equity consortium led by HBOS in the bid for McCarthy & Stone. He has dropped any plans to make a rival bid…
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HIPs U-turn knocks Rightmove’s figures
Rightmove, the UK’s leading property website, sought to draw the line under a difficult summer as it announced a doubling in turnover for the first half.
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Westfield signs Barneys New York for White City
Australian shopping centre group Westfield has signed Barneys New York to open its first overseas location at its White City development in west London.
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Aberdeen backs away from formal bid for rival
Aberdeen Asset Management considered buying rival fund manager Henderson Group earlier this year, but decided against a formal bid. The Scottish fund manager approached Henderson shareholders in May and organised…
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Hotel groups confident as turnover rises
The hotel industry was feeling confident as more than half of hoteliers reported a rise in turnover in the first half of the year and the average room rate in…
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Streets of London snapped up by foreign buyers
The typical buyers of London’s best addresses are now more likely to be foreign, indicating how international the UK capital has become.
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Heavy demand may prompt rise in city academies
The number of city academies could be increased to meet demand, according to the architect of the controversial programme. The government has a target of opening 200 by 2010 but…
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Inter-generational mortgage set up to aid homebuyers
A new inter-generational mortgage, which allows homebuyers to take out longer-term loans, could be part of the answer to the affordability crisis in the housing market, according to financial brokers.
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Singapore’s BIL buys Clermont Club from Rank
The Clermont Club, the London club that numbered Lord Lucan among its more colourful patrons, has been sold by Rank for more than £31m.
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Amec appoints Samir Brikho chief executive
Amec has appointed Samir Brikho, veteran of ABB, the recovering Swedish-Swiss engineering group, to replace the retiring Sir Peter Mason as chief executive of the British engineer and project manager.
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Co-op and Spar forge buying alliance
Convenience store groups Spar and the Co-op have joined forces to create a buying alliance which should help them compete against the likes of supermarket giant Tesco.