Channel Islands
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Canadian bank jump-starts Jersey scheme
Dublin-based Harcourt Developments is close to securing the first major tenant for Jersey’s proposed financial district, Esplanade Square. The Royal Bank of Canada is in talks to take a 100,000…
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Town planners highlight unused consents in south-east
Homebuilders are sitting on almost 125,000 unused house planning consents, or four year’s supply in south-east England alone, according to town planners.
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British Land’s Metliss says golden age begins at 72
British Land’s Cyril Metliss, now 83, reflects on a 35-year career at British Land in the Financial Times, describing his most productive period as “from the age of 72 onwards”.
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Greggs cuts back Bakers Oven stores and staff
High street baker Greggs said it had axed 14 stores and 200 jobs after losing patience with slow sales at its Bakers Oven shops in northern England and Scotland.
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Cameron delays on Tory candidate for London mayor
David Cameron has postponed the search for a Tory candidate to oust Ken Livingstone as mayor of London. The decision marked an effective admission that the nine names that had…
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Ilva opens first UK store at Lakeside
Danish store Ilva opened its first British store this week at the Lakeside shopping centre in Essex’s Thurrock, positioning itself as an upmarket IKEA.
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L&R doubles property portfolio to £2.8bn
London & Regional, the private property company run by Ian and Richard Livingstone, has increased the size of its property portfolio to more than £2.8bn after a £1bn spending spree…
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Hotel group M&C’s room rates lift despite falling profits
Millennium & Copthorne, the hotel group, suffered an 8% fall in first-half pretax profit in spite of room rate increases in New York and Asia.
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More UK homes fall into inheritance tax net
The number of homes worth more than the inheritance tax threshold has risen by 72% in five years according to Halifax, reflecting the sharp rise in house prices.
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Rate rise sees sterling head for $2 barrier
The pound could break the two-dollar barrier in coming months as investors bet that this week’s shock interest rate rise may only be the first of many, analysts said last…
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Green light for first phase of East Cowes regeneration scheme
The South East England Development Agency (SEEDA) and English Partnerships’ application for the first phase of the regeneration of East Cowes town centre and waterfront has been approved.
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BBC considers shifting jobs offshore
The BBC is considering shifting support jobs to offshore locations including India to cut costs. “Deep back office” functions such as functions and IT, which do not deal directly with…