Dyke snubs top job at Channel Five

first_imgSunday 15 August 2010 10:38 pm Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeNoteabley25 Funny Notes Written By StrangersNoteableyUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy FanUndoBetterBe20 Stunning Female AthletesBetterBeUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoTrading BlvdThis Picture of Prince Harry & Father at The Same Age Will Shock YouTrading BlvdUndo KCS-content Share GREG Dyke has snubbed a move to Channel Five, which is undergoing a major shake-up under new owner Richard Desmond, according to industry sources.City A.M. understands Desmond had sounded out Dyke for the top job after chief executive Dawn Airey announced she would quit the broadcaster.But Dyke, who helped launch Five in 1997, told the Express owner he is not interested in the position, according to the source.Desmond is in no rush to fill the position, with Airey remaining for “a few months” to oversee the transition before enabling a clause in her contract that will see her take a senior role at former Five owner RTL.Industry analyst Claire Enders told City A.M. she expects Desmond to appoint a new chief executive from within his media empire.Airey will be joined on the way out of the firm by six other directors from the nine-strong board. Up to 80 jobs will also go from the workforce of 300. whatsapp Show Comments ▼center_img whatsapp Dyke snubs top job at Channel Five Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayot Tags: NULLlast_img read more

Indian energy firms could muscle in on $10bn Vedanta bid for Cairn

first_img ALL options are open for Indian state energy firms to make a counter-bid to Vedanta Resources’ $9.6bn (£6.2bn) offer for control of Cairn India, an oil ministry source said.Oil and Natural Gas Corp (ONGC), Gail and Oil India are thought to be considering a joint bid for Cairn India, a unit of the UK’s Cairn Energy.ONGC, Gail and Oil India have held informal talks on a joint bid for Cairn India even as the ministry is looking at legal options to deny Vedanta approval for its planned deal. The oil ministry is said to be uncomfortable with billionaire Anil Agarwal-owned Vedanta Group buying a majority stake in Cairn India.The oil ministry has not given any direction to state firms to make a counter bid for Cairn India, the oil ministry source said.A banking source familiar with the matter said that ONGC, Oil India and Gail – all state-controlled ??– were considering a joint bid for Cairn India. The companies had not yet mandated any banks for a deal, the source said.ONGC, Oil India and Gail declined to comment.Cairn Energy will publish its interim results today. Indian energy firms could muscle in on $10bn Vedanta bid for Cairn KCS-content whatsapp Show Comments ▼ Monday 23 August 2010 8:35 pm More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.com whatsapp Share Tags: NULLlast_img read more

BHP bid to hit investor vote hurdle

first_img KCS-content Tags: NULL whatsapp Tuesday 24 August 2010 8:44 pm BHP BILLITON will be forced to put its hostile bid for PotashCorp to a shareholder vote if it increases its original $40bn (£25.5bn) offer in order to win over the Canadian company’s investors.According to Financial Services Authority rules, BHP will have to put its proposed takeover of PotashCorp in the hands of its own shareholders if its offer for the fertiliser company exceeds 25 per cent of its market value. Under the rules, BHP would have to seek approval from its shareholders if it ups its bid to $150 a share. PotashCorp’s investors have suggested that BHP would need to raise its offer price to between $150 and $160 per share in order to win over the group’s board. And BHP analysts have suggested that the group can afford as much as $180 per share. PotashCorp’s shares yesterday traded 16 per cent higher than BHP’s $130-a-share bid at around $150, suggesting the bid will need to be increased to be successful.The mining giant’s current $130 a share offer does not require shareholder approval, and BHP yesterdaydeclined to comment on whether it will raise its bid. A spokesperson for BHP said that the original offer still stood.PotashCorp confirmed on Monday that it was in talks with a number of possible “white knight” partners in a bid to block BHP’s hostile offer, which was made last week. BHP bid to hit investor vote hurdle Sharecenter_img Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableyZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite HeraldTrading BlvdThis Picture of Prince Harry & Father at The Same Age Will Shock YouTrading Blvd whatsapp Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof last_img read more

China is set to probe BHP’s bid for Potash Corp

first_imgBHP declined to comment yesterday. But BHP has already said that the deal only needs approvals from regulators in Canada and the United States, where Potash Corp sells around half its production.China buys around seven per cent of the output of Potash Corp, which controls around one-fifth of world production of the key crop nutrient. Potash demand in the country has been growing by around five to eight per cent a year, faster than other fertilisers. KCS-content Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof Show Comments ▼ CHINA plans to launch an antimonopoly probe into BHP Billiton’s $39bn (£25.2bn) bid for Canada’s Potash Corp.The probe is another indicator that China, as the world’s biggest importer of fertiliser, is wary of further concentration in the market, following BHP Billiton’s launch of a hostile bid for Potash Corp last month.But it was unclear what steps, if any, Chinese regulators could take in opposition to the bid. Sharecenter_img Wednesday 1 September 2010 8:21 pm whatsapp Tags: NULL whatsapp China is set to probe BHP’s bid for Potash Corp last_img read more

WHAT THE OTHER PAPERS SAY THIS MORNING

first_img whatsapp KCS-content More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgConnecticut man dies after crashing Harley into live bearnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comWhy people are finding dryer sheets in their mailboxesnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com Show Comments ▼ WHAT THE OTHER PAPERS SAY THIS MORNING FINANCIAL TIMESEUROZONE FEARS SEND INVESTORS TO HAVENSInvestor worries over the Eurozone have deepened, hitting the markets of the single currency’s weaker economies and sparking a flight to the safety of US Treasuries, German bunds, the yen and the Swiss franc. Global equities lost ground and the euro weakened on Tuesday, while European bank stocks came under pressure as doubts over the continent’s financial system resurfaced.DANA PITCH FOR HIGHER KNOC OFFER FALTERSDana Petroleum has made a last-ditch attempt to convince a group of its largest shareholders to demand Korea National Oil Corp raise its $1.87bn hostile offer. Dana, which is due to issue its official defence document on Wednesday, has approached a collection of institutional investors and hedge funds to marshal support for a higher offer.EQUITIES SEEN AS NEW FOCUS FOR BANKSEquity derivatives and increased leverage will be key to revenue growth for the global investment banks in the next couple of years, with the big US and Swiss groups best positioned to prosper, according to a JP Morgan report on the sector.ELAN HITS BACK AT CONFLICT OF INTEREST CLAIMSElan, the Irish drug company, stepped up an unusual defence against a catalogue of alleged conflicts of interest and corporate governance failings. In a letter to shareholders, Kelly Martin, the chief executive, confirmed connections that he and other directors had with external companies, including some that did business with Elan, while arguing that they did not act against shareholders’ interests. He accused Ib Sonderby.THE TIMESOUT GO JEANS AS DUNCAN DROPS INTO THE LUXURY CAR BUSINESSAndy Duncan, the former head of Channel 4 and possibly one of the scruffiest chief executives to have led a large British commercial organisation, has landed a job where a hand-crafted suit and Hermes tie are de rigueur: running the HR Owen luxury car group. In an extraordinary and abrupt change of career direction, Mr Duncan has swapped Big Brother and Hollyoaks for selling Rolls-Royces and Ferraris.GOVERNOR BRACED TO FACE TUC SHORT OF BROTHERLY LOVEMervyn King will walk into a political bear pit next week when he becomes only the second Governor of the Bank of England to address the annual Trades Union Congress. Delegates are gearing up for the most highly politicised annual conference.The Daily TelegraphGEORGE SOROS GIVES $100 MILLION TO HUMAN RIGHTS WATCHGeorge Soros, the billionaire financier, is giving $100m (£65m) to a human rights organisation in one of the largest acts of philanthropy so far this year. Famous for betting against the pound when Britain was forced to withdraw from the Exchange Rate Mechanism in 1992.BANK CAPITAL RULES UNCERTAINTY SETS UP MARKET FOR AN ANXIOUS WEEK OF WAITINGA group of central bankers and regulators from around the world agreed on the new capital requirements for banks, however the industry will have to wait until after a further meeting at the weekend to hear the final proposals. On Sunday, the Group of Governors and Heads of Supervision, the oversight body for the Basel Committee, will meet.WALL STREET JOURNALANHEUSER WINS PARTIAL VICTORY IN US COURTA federal judge here handed a partial victory to the US arm of Anheuser-Busch InBev, ruling that an Illinois beer-distribution law discriminates against out-of-state brewers. At issue is Anheuser’s bid to acquire a controlling stake in its largest Chicago beer distributor, City Beverage, which could help the brewing giant compete more effectively the market.BP TO TAKE SOME, NOT ALL, BLAME IN GULF-SPILL REPORTBP’s report on its investigation into the Deepwater Horizon disaster will assign some of the blame to itself but also hold other companies responsible for the various decisions that led to the explosion, said a person familiar with the matter. It is unclear how much of the blame will be shouldered by BP in the report. center_img Tuesday 7 September 2010 11:36 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.cominvesting.comCanceled TV Shows Announced: Full Updated Listinvesting.comFilm OracleHer Love Triangle Inspired 3 Of The Most Popular Songs Ever WrittenFilm OracleYeah MotorCheck Out These Car Wraps, 20 Car Wraps That Had Us LaughingYeah MotorNext RefinanceThis Is Why The Roy Rogers Museum Has Been Closed For GoodNext Refinance whatsapp Tags: NULL Sharelast_img read more

BAE Systems to cut 1,000 jobs

first_img whatsapp Thursday 9 September 2010 6:42 am John Dunne More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com whatsapp Share BAE Systems to cut 1,000 jobs Defence company BAE has revealed plans to cut 1,000 jobs across the UK.It said the cuts were a result of changes in the defence programme announced in December.The Confederation of Shipbuilding and Engineering Unions said it meant “worrying prospects” for the defence industry.The job cuts will be spread across BAE’s UK operations. Show Comments ▼ Tags: NULLlast_img read more

Burger King chief named

first_img KCS-content Show Comments ▼ 3G CAPITAL said yesterday it plans to name Bernardo Hees chief executive of Burger King Holdings when it closes its $3.26bn (£2.11bn) purchase of the world’s second-largest hamburger chain later this year.Hees, who joined the US private equity firm as a partner in July, was most recently boss of America Latina Logistica, Latin America’s largest railroad company, where he also served as a director. America Latina Logistica hired Hees in 1998 and his earlier posts included logistics analyst and chief financial officer.3G managing director Alex Behring said in a statement that Hees improved performance at America Latina Logistica, delivering “strong gains” in both revenue and profitability. “I know he will be an excellent steward of the Burger King brand as we look to take the Burger King experience to the next level for guests in the US and worldwide,” Behring said.John Chidsey, Burger King’s current chief executive and chairman, will keep his roles during a transition period and then become co-chairman with 3G’s Behring. Its sale to 3G, worth about $4bn including debt, is expected to close in the last three months of 2010. Burger King has until 12 October to solicit a richer offer from other buyers. Share Thursday 9 September 2010 9:27 pm whatsapp Tags: NULLcenter_img whatsapp Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search AdsElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com Burger King chief named last_img read more

UniCredit CEO resigns after Libyan crisis

first_img UniCredit chief executive Alessandro Profumo resigned yesterday, his high-flying tenure at Italy’s biggest bank halted by a row over Libyan shareholders and lagging results. Profumo, Europe’s longest-serving bank chief, had steered UniCredit’s rise from a regional bank to a pan-European player with operations in 22 countries.Analysts say his departure could leave Italy’s most international bank rudderless while it struggles to recover from the financial crisis after several acquisitions. Profumo, 53, said he had stepped down in a letter to the bank’s board ahead of an emergency meeting on Libya’s growing investments in UniCredit. He had been at the helm since 1997.“Profumo has resigned. He announced it in a letter to the board directors,” a source said, on condition of anonymity. A second source close to the situation said a shortlist of candidates had already been drafted to replace the man Italian media dub “Mr Arrogance” and “Alessandro the Great”. The board is understood to have given chairman Dieter Rampl three weeks to find a replacement. Rampl is expected to be named interim boss.Shareholders and politicians have accused Profumo of letting Libya increase its holding in UniCredit, the Italian bank hardest hit by the financial crisis.UNICREDIT IN A NUTSHELL | ITALY’S BIGGEST BANKUniCredit operates in 22 European countries and is the biggest lender in eastern and central Europe. It has a presence in 50 markets. The bank had 9,600 branches and more than 162,000 employees at 30 June.Top shareholders are Italian investment bank Mediobanca with 5.1 per cent stake, Abu Dhabi’s Aabar investment company with 4.9 per cent, Central Bank of Libya with 4.9 per cent and Italy’s Cariverona foundation with 4.6 per cent. Others include Italy’s CRT foundation at 3.3 per cent, the Libyan Investment Authority with 2.59 per cent, and German insurer Allianz with 2 per cent.Tracing its roots back to a 15th century municipal pawn shop in Bologna, the modern bank was created in 1997 from the state-owned Credito Italiano.In 2005, UniCredit made its first big cross-border move buying Germany’s HVB Group. In 2007, it bought Capitalia.In the first half, net profit was €669m (£567m) and operating income €13.3bn. Total assets at end of June were €955bn.The bank has boosted its capital in the last two years, tapping shareholders for €3bn in early 2009 and for another €4bn in January 2010. More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com KCS-content by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodaySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com Tuesday 21 September 2010 8:01 pm UniCredit CEO resigns after Libyan crisis Tags: NULLcenter_img Share whatsapp whatsapp Show Comments ▼last_img read more

Rents in New Bond Street top euro list

first_imgTuesday 21 September 2010 7:27 pm More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org Share Rents in New Bond Street top euro list whatsapp Show Comments ▼ NEW Bond Street has taken over from the Champs-Elysées as the most expensive shopping location in Europe, according to a survey. Rents also grew faster there over the last year than on any other shopping street in the world.They soared 19.4 per cent to £536 ($836) per square foot over the last 12 months, the figures from retail estate agent Cushman & Wakefield showed yesterday.That compares with the world’s most expensive shopping street, New York’s Fifth Avenue, where rents rose by 8.8 per cent to $1850 a square foot.Cartier, Chanel and Louis Vuitton all have stores in New Bond Street, which has outstripped Champs-Elysees in Paris as the continent’s dearest shopping space per square foot. Peter Mace, head of Central London Retail at Cushman & Wakefield, said: “New Bond Street remains one of the most sought after locations in the world for luxury brands and, due to the significant imbalance between supply and demand, it continues to witness significant rental growth.“The recent letting of 169 New Bond Street to Piaget represented a record rent for the street with the new tenant also contributing a significant premium to secure vacant possession. There were four under-bidders for the store. “This trend is likely to continue for the foreseeable future on the basis that there are still a large number of retail requirements that remain unsatisfied.”Champs-Élysées rents actually fell 9.5 per cent over the last year to the equivalent of $793 a square foot. But agents believe it could be in for a revival with H&M, Abercrombie & Fitch and Tommy Hilfiger all planning to open there and space beginning to dry up.South Korea’s Myeongdong in Seoul jumped three places this year from eleventh to eighth, their strong performance down to demand from international retailers and strong tourism with their export market up 7.2 per cent in the second quarter of 2010. Meanwhile retail rents have reverted back to their pre-credit crunch strength averaging a 17 per cent increase in prime areas. KCS-content whatsapp Tags: NULLlast_img read more

Fresh austerity drive for Ireland

first_img More From Our Partners Killer drone ‘hunted down a human target’ without being told tonypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org Tags: NULL whatsapp Share KCS-content Show Comments ▼center_img whatsapp Ireland will seek savings well above an initial target of €3bn (£2.6bn) in its 2011 budget, finance minister Brian Lenihan said yesterday. Ireland is under pressure to demonstrate it can shrink the worst budget deficit in the EU to allay concerns the former “Celtic Tiger” economy may need external assistance to shore up its finances. It is understood Lenihan will seek up to €4.5bn in adjustments in the 2011 budget, his fourth austerity plan in two years. The task facing the government, the most unpopular administration in modern Irish history, has been compounded by a less rosy global outlook which will likely trip up a return to growth in the heavily trade-dependent Irish economy this year. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was The Dream Girl In The 90s, This Is Her NowMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com Sunday 10 October 2010 11:52 pm Fresh austerity drive for Ireland last_img read more