Channel Islands
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Ex-Hilton chief plots £1bn hotel assets fund
David Michels, the former chief executive of Hilton Group, has approached City institutions with a view to raising around £1bn to invest in European hotel properties, The Times has learnt.
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Tesco property battles put its reputation at its risk
Tesco is becoming increasingly aware that local planning disputes over extending its property are chipping away at its reputation and relationship with the consumer, writes the Financial Times.
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Prescott’s housing scheme ditched
John Prescott’s scheme to provide affordable housing for key public sector workers in high-cost areas has been effectively ditched following the disclosure to Parliament last month that more than half…
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Historic Jersey landmark re-opens
Mont Orgueil Castle, in Jersey, has re-opened after a £4.25m restoration, reports The Times Notebook Architecture column. Visitors will be allowed to explore every layer of the property’s 800-year history.
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Abbey to retain Sipps provider
Abbey plans to retain James Hay, the UK’s largest provider of self-invested personal pensions (Sipps) , rather than sell it as part of Abbey’s life assurance operations.
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London house prices stall as regions move up
House price inflation picked up last month, taking the annual rate to 4.3% from 3.8% in March, according to the Financial Times price index.
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Housebuilder unveils first response to Prescott price challenge
Crest Nicholson and architect Sheppard Robson open the first house to meet John Prescott’s £60,000 construction challenge in Bloomsbury this week.
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Deka sells £350m London offices portfolio
Deka, the German fund manager, advised by CB Richard Ellis and Savills, has sold a £350m portfolio of London offices, including the headquarters of Slaughter & May, the law firm,…
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HMV expected to return with new Ottakar’s bid
HMV, the retailer that owns Waterstone’s, is expected to make a fresh bid for rival book chain Ottaker’s, after the proposed merger was cleared by the Competition Commission.
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FTSE has its worst day for three years
London’s financial market suffered its worst day of trading in more than three years as stock markets across the globe responded to fears that accelerating inflation will lead to a…
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Higgins says Olympics deadline ‘extremely tight’
The timetable for London to be ready for the 2012 Olympic Games is “extremely tight” the chief executive of the Olympic Delivery Authority, David Higgins, said yesterday.
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Convenience store giant to spring from Costcutter merger
Two of the country’s biggest convenience store operators yesterday set out merger plans designed to halt Tesco’s march into neighbourhood shopping.