Channel Islands
-
Hercules performance weakens
Hercules Property Services has posted interim pretax profits of £715,000, down from £2.5m. References: The Times 18/02/03 page 22 (Results in brief) .
-
6C looks to property options
Mitchells & Butlers will explore “alternative financing options” such as securitisation of its pubs when it demerges from Six Continents (6C).
-
Specsavers get serious about ears
Specsavers Optical Group has confirmed plans to open 100 private hearing aid centres over the next four years. The company bought HearCare for an undisclosed sum last November, which has…
-
Green vows to run Safeway as going concern
Philip Green has pledged to run Safeway as a going concern if he succeeds in a prospective bid for the supermarket chain.
-
Commercial property proves top assets earner
A research paper issued by the Institution of Chartered Surveyors today will say commercial property should have a higher weighting in institutional investment portfolios because it has outperformed all other…
-
Fuel tax changes & VAT would wipe out need for new runways
Government figures show no new runways would be needed in Britain if aviation fuel was taxed at the same rate as motor vehicle fuel and air tickets were subject to…
-
Brown considers sacking Montagu
Chancellor Gordon Brown is weighing up whether to sack Sir Nicholas Montagu, chairman of the Inland Revenue, after damaging revelations about a property deal between the Revenue and Mapeley, writes…
-
Hunter sets up fund to expand property interests
Tom Hunter has set up a £300m fund with Bank of Scotland (BoS) to expand his property interests. The Scottish entrepreneur’s West Coast Capital private equity vehicle will contribute the…
-
Inntrepreneur faces litigation flood
A bevy of senior brewing industry executives are lined up to give evidence over the next six weeks in a test challenge by a Staines-based publican against the former Inntrepreneur…
-
Spending on rail consultants soars
The government’s love affair with consultants has blossomed in the railway sector where its spending on consultancy work has tripled to £39m over the past two years.
-
Parks consider congestion charges
National Parks is mulling congestion charges to crack down on growing traffic problems. References: The Daily Telegraph 17/02/03 page 30 (The City Checklist) .
-
Selfridges expands outside London
Almost half of Selfridges’ retailing space will be outside London, when the department store chain opens in Birmingham in September. References: The Daily Telegraph 17/02/03 page 29 .