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....Last week, Lady Mone launched a major property development in Dubai, priced in bitcoins, saying the digital currency was a growing market that could not be ignored. The co-founder of the underwear brand Ultimo is selling the luxury apartments with her businessman boyfriend, Douglas Barrowman, and the £250m scheme will include two apartment blocks and a shopping centre. ... [Read full article on Guardian ]
Wednesday 13th of September 2017 08:10:44 AM
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....Both – and many in between – are booked solid by investment bankers, corporate lawyers, accountants, consultants and PR advisers who appreciate the weekend comforts of the UAE, but who know the big business is to being done in Saudi Arabia. A huge economic transformation is planned for the kingdom, and the fees on offer are well worth a few days of strawberry juice in the puritan luxury of a five-star hotel in the Saudi capital. ... [Read full article on Guardian ]
Saturday 2nd of September 2017 03:00:17 PM
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.... But these farmers are not the ones earning the vast profits to be made from chocolate: many live in poverty, often exploited and underpaid for their crop. Most cannot even afford that basic luxury in the west: a bar of chocolate. ... [Read full article on Guardian ]
Wednesday 13th of September 2017 12:30:10 PM
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....The report came as the communities secretary, Sajid Javid, also announced a wholesale review of social housing policy in the wake of the fatal fire at Grenfell Tower, a 24-storey block in north Kensington which combined council housing and a small number of private rented homes. Speaking to the National Housing Federation conference in Birmingham, Javid said: “In one of the richest, most privileged corners of the UK – the world, even – would a fire like this have happened in a privately owned block of luxury flats? If you believe that the answer is no, even if you think it was simply less likely, then it’s clear that we need a fundamental rethink of social housing in this country. ... [Read full article on Guardian ]
Tuesday 19th of September 2017 11:01:30 PM
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....”. Richemont, the Swiss luxury company headed by South African businessman Johann Rupert and Investec, the South African investment group, have both ended ties with Bell Pottinger. ... [Read full article on Guardian ]
Monday 4th of September 2017 05:59:00 PM
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....The yellow-brick site is a long way from Grosvenor’s traditional heartland in Mayfair and Belgravia, two of the capital’s most exclusive neighbourhoods. The firm is moving into more affordable housing projects after being hit by the downturn in the luxury property market. ... [Read full article on Guardian ]
Thursday 14th of September 2017 05:00:33 AM
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.... With the exquisite choreography of a well-honed ritual, coachloads of tourists descend on Oia, the stunning settlement perched on the island’s northern tip. Pushing their way along the village’s packed central alleyway – past shops selling luxury garments, exclusive Greek designers and Jimmy Choo shoes – they have one goal: to glimpse the flaming fireball slip into the sea. ... [Read full article on Guardian ]
Monday 28th of August 2017 03:07:24 PM
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.... At least 10,600 buildings are on the database and it is growing by the day. Against a backdrop of economic recession – the price of three gargantuan bailouts to keep the debt-stricken country afloat – home maintenance has become a luxury few can afford. ... [Read full article on Guardian ]
Tuesday 12th of September 2017 06:30:28 AM
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.... “We don’t comment on specific supplier relationships,” said a spokeswoman, who refused to elaborate further. Bell Pottinger has already lost at least five clients over the furore: Richemont, the Swiss luxury company headed by South African businessman Johann Rupert; Investec, the South African investment group; and Acacia, which owns gold mines in Tanzania; Clydesdale Bank; and construction firm Carillion. ... [Read full article on Guardian ]
Tuesday 5th of September 2017 11:46:30 AM
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....Three organisations have already fired the agency over the scandal. They are Richemont, the Swiss luxury company headed by South African businessman Johann Rupert; Investec, the South African investment group; and Acacia, which owns goldmines in Tanzania. ... [Read full article on Guardian ]
Tuesday 5th of September 2017 05:13:28 PM
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.... The retailer’s best shoppers can also call in at No 23, a “private-shopping townhouse” in Marylebone that it uses to entertain clients and designers. The luxury environment is an important part of the package used to butter up shoppers who typically spend more than £500 a go. ... [Read full article on Guardian ]
Friday 1st of September 2017 06:44:40 PM
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. The controversial property mogul Christian Candy, whose luxury developments attracted some of the highest prices ever paid for London real estate, has sold and mortgaged assets worth an estimated £340m in less than a year. ... [Read full article on Guardian ]
Saturday 16th of September 2017 07:00:05 AM
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. Prices for luxury homes in central London are forecast to fall 4% this year and will flatline for nearly two more years as Brexit uncertainty and tax changes weigh on the market, according to Savills. ... [Read full article on Guardian ]
Tuesday 26th of September 2017 11:43:06 AM
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.... Perfume is also having to battle for consumers’ cash at a time when Britons are spending more of their spare money on experiences. Most perfumes are made under contract by beauty conglomerates such as Estée Lauder and L’Oréal but at the top end, luxury goods companies such as Hermès and Chanel continue to make their own. ... [Read full article on Guardian ]
Friday 1st of September 2017 07:26:24 PM
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....Any such lawsuit could prove embarrassing for Savills, which has a reputation for upholding high standards of discretion about the assets and financial affairs of its wealthy clientele. Holyoake is expected to claim that Savills knowingly passed on to Christian and Nicholas Candy a copy of a valuation he paid it to perform on his luxury home in Ibiza. ... [Read full article on Guardian ]
Monday 28th of August 2017 03:39:08 PM
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.... In 2015, Berkeley’s top six executives made £47m between them. The London luxury home builder defended the latest payout as “pay for performance” but halved the value of the 10-year incentive scheme last December. ... [Read full article on Guardian ]
Wednesday 6th of September 2017 12:13:16 PM
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Latest Finance News related to Luxury

London luxury property prices will stay flat until after Brexit, says Savills image
Source : Guardian [Read Article] Tuesday 26th of September 2017 11:43:06 AM
. Prices for luxury homes in central London are forecast to fall 4% this year and will flatline for nearly two more years as Brexit uncertainty and tax changes weigh on the market, according to Savills. ...
Millennials spend three times more of income on housing than grandparents image
Source : Guardian [Read Article] Tuesday 19th of September 2017 11:01:30 PM
....The report came as the communities secretary, Sajid Javid, also announced a wholesale review of social housing policy in the wake of the fatal fire at Grenfell Tower, a 24-storey block in north Kensington which combined council housing and a small number of private rented homes. Speaking to the National Housing Federation conference in Birmingham, Javid said: “In one of the richest, most privileged corners of the UK – the world, even – would a fire like this have happened in a privately owned block of luxury flats? If you believe that the answer is no, even if you think it was simply less likely, then it’s clear that we need a fundamental rethink of social housing in this country. ...
Christian Candy reshuffles assets worth more than £300m in a year image
Source : Guardian [Read Article] Saturday 16th of September 2017 07:00:05 AM
. The controversial property mogul Christian Candy, whose luxury developments attracted some of the highest prices ever paid for London real estate, has sold and mortgaged assets worth an estimated £340m in less than a year. ...
Build-to-rent – the solution to Britain's housing crisis? image
Source : Guardian [Read Article] Thursday 14th of September 2017 05:00:33 AM
....The yellow-brick site is a long way from Grosvenor’s traditional heartland in Mayfair and Belgravia, two of the capital’s most exclusive neighbourhoods. The firm is moving into more affordable housing projects after being hit by the downturn in the luxury property market. ...
Chocolate industry drives rainforest disaster in Ivory Coast image
Source : Guardian [Read Article] Wednesday 13th of September 2017 12:30:10 PM
.... But these farmers are not the ones earning the vast profits to be made from chocolate: many live in poverty, often exploited and underpaid for their crop. Most cannot even afford that basic luxury in the west: a bar of chocolate. ...
Bitcoin is a fraud that will blow up, says JP Morgan boss image
Source : Guardian [Read Article] Wednesday 13th of September 2017 08:10:44 AM
....Last week, Lady Mone launched a major property development in Dubai, priced in bitcoins, saying the digital currency was a growing market that could not be ignored. The co-founder of the underwear brand Ultimo is selling the luxury apartments with her businessman boyfriend, Douglas Barrowman, and the £250m scheme will include two apartment blocks and a shopping centre. ...
Forget the Parthenon: how austerity is laying waste to Athens' modern heritage image
.... At least 10,600 buildings are on the database and it is growing by the day. Against a backdrop of economic recession – the price of three gargantuan bailouts to keep the debt-stricken country afloat – home maintenance has become a luxury few can afford. ...
Sports Direct chairman narrowly survives shareholder revolt image
Source : Guardian [Read Article] Wednesday 6th of September 2017 12:13:16 PM
.... In 2015, Berkeley’s top six executives made £47m between them. The London luxury home builder defended the latest payout as “pay for performance” but halved the value of the 10-year incentive scheme last December. ...
Bell Pottinger loses clients and staff in wake of South Africa scandal image
Source : Guardian [Read Article] Tuesday 5th of September 2017 05:13:28 PM
....Three organisations have already fired the agency over the scandal. They are Richemont, the Swiss luxury company headed by South African businessman Johann Rupert; Investec, the South African investment group; and Acacia, which owns goldmines in Tanzania. ...
Bell Pottinger investor walks away as South Africa row deepens image
Source : Guardian [Read Article] Tuesday 5th of September 2017 11:46:30 AM
.... “We don’t comment on specific supplier relationships,” said a spokeswoman, who refused to elaborate further. Bell Pottinger has already lost at least five clients over the furore: Richemont, the Swiss luxury company headed by South African businessman Johann Rupert; Investec, the South African investment group; and Acacia, which owns gold mines in Tanzania; Clydesdale Bank; and construction firm Carillion. ...
Bell Pottinger expelled from PR trade body after South Africa racism row image
Source : Guardian [Read Article] Monday 4th of September 2017 05:59:00 PM
....”. Richemont, the Swiss luxury company headed by South African businessman Johann Rupert and Investec, the South African investment group, have both ended ties with Bell Pottinger. ...
The great Saudi sell-off: why bankers and lawyers are flocking to the Gulf image
Source : Guardian [Read Article] Saturday 2nd of September 2017 03:00:17 PM
....Both – and many in between – are booked solid by investment bankers, corporate lawyers, accountants, consultants and PR advisers who appreciate the weekend comforts of the UAE, but who know the big business is to being done in Saudi Arabia. A huge economic transformation is planned for the kingdom, and the fees on offer are well worth a few days of strawberry juice in the puritan luxury of a five-star hotel in the Saudi capital. ...
UK perfume shops hope new Chanel fragrance can mask foul sales image
Source : Guardian [Read Article] Friday 1st of September 2017 07:26:24 PM
.... Perfume is also having to battle for consumers’ cash at a time when Britons are spending more of their spare money on experiences. Most perfumes are made under contract by beauty conglomerates such as Estée Lauder and L’Oréal but at the top end, luxury goods companies such as Hermès and Chanel continue to make their own. ...
Husband and wife bank £400m from sale of Matchesfashion.com image
Source : Guardian [Read Article] Friday 1st of September 2017 06:44:40 PM
.... The retailer’s best shoppers can also call in at No 23, a “private-shopping townhouse” in Marylebone that it uses to entertain clients and designers. The luxury environment is an important part of the package used to butter up shoppers who typically spend more than £500 a go. ...
Client accuses Savills of confidentiality breach in Candy brothers dispute image
....Any such lawsuit could prove embarrassing for Savills, which has a reputation for upholding high standards of discretion about the assets and financial affairs of its wealthy clientele. Holyoake is expected to claim that Savills knowingly passed on to Christian and Nicholas Candy a copy of a valuation he paid it to perform on his luxury home in Ibiza. ...
Santorini's popularity soars but locals say it has hit saturation point image
Source : Guardian [Read Article] Monday 28th of August 2017 03:07:24 PM
.... With the exquisite choreography of a well-honed ritual, coachloads of tourists descend on Oia, the stunning settlement perched on the island’s northern tip. Pushing their way along the village’s packed central alleyway – past shops selling luxury garments, exclusive Greek designers and Jimmy Choo shoes – they have one goal: to glimpse the flaming fireball slip into the sea. ...
Bell Pottinger faces sanction over claims it stirred racial tension in South Africa image
....Bell, who has previously represented the Pinochet Foundation, Syria’s first lady, Asma al-Assad, and the governments of Bahrain and Egypt, told the BBC that working for the Guptas was a “politically toxic contract” and warned that it could lose other clients. Bell Pottinger has lost some of its biggest clients, including the South African investment bank Investec, the South African tourism board, the London-listed, African-focused miner Acacia, and Richemont, the luxury goods company that owns Cartier and Montblanc and is controlled by the South African billionaire Johann Rupert. ...
Inside the gig economy: the 'vulnerable human underbelly' of UK's labour market image
.... The business model we have described is now deeply embedded across the gig economy. As demoralised as they are, the workers we have spoken with do not have the financial luxury of being able to walk away from their job and risk not being able to find a better one elsewhere. ...
Weak pound is hitting spending rather than boosting UK trade | Larry Elliott image
.... For a start, mobile phone makers are offering only incremental improvements when they release new models. But, just as importantly, yesterday’s luxury goods become today’s commodities. ...
Chanel owners pay themselves $3.4bn dividend – four times company's net profit image
....4bn dividend last year. Alain and Gérard Wertheimer, who have run the luxury goods company for more than 30 years, took more than four times the company’s net profit and double the dividend they received in 2015. ...
Putting the fun in functional: will Arket revitalise the high street? image
Source : Guardian [Read Article] Wednesday 23rd of August 2017 05:00:05 AM
.... However, if a rustic knitted sweater in dusty pink, a simple cream silk blouse or a deconstructed black matt-silk jumpsuit are your sort of thing, you will be in heaven. Bernhardtz, who says “a well-fitted pair of trousers represent luxury to me”, describes the womenswear aesthetic as “assertive and easy to wear”. ...
China's Dalian Wanda drops purchase of Nine Elms Square in London image
Source : Guardian [Read Article] Tuesday 22nd of August 2017 08:38:07 AM
....15bn in March. Nine Elms Square, which has planning permission for 1,900 “high-quality” flats, most with river views, forms part of the revamp of the area south of the Thames around Battersea power station, where 20,000 mainly luxury homes are being built by a number of developers. ...
FTSE 100 executive pay falls by 19% ahead of controversial reforms, says Deloitte image
.... It’s in everyone’s interest to tackle this inequality. The money earned by ordinary workers is not spent on luxury yachts or hoarded away in tax havens – it is spent in the high street and in the communities in which they live and work,” he said. ...
Global super-rich agreeing to rent luxury London homes without visiting image
Source : Guardian [Read Article] Friday 18th of August 2017 02:39:09 PM
. Wealthy foreigners are prepared to shell out as much as £25,000 a week renting luxury homes in London without bothering to set foot inside before opening their wallets. ...
Why the ‘best cities to live in’ list rewards the safe and the clean image
Source : Guardian [Read Article] Wednesday 16th of August 2017 03:49:59 PM
.... Yet anyone who has spent time there knows that nothing makes the place feel more habitable than community in the face of adversity. Sadly, it is a demotic neighbourliness of the Somewheres that the Anywheres, locked behind security doors in the luxury condos built to replace the Hacienda, will never know. ...
Intercontinental Hotel Group flying despite lack of capital - SHARE HUNTER image
Source : Daily Express [Read Article] Monday 14th of August 2017 08:35:00 AM
. The group has added another 10,500 rooms in the past six months, across brands that range from the luxury InterContinental to Holiday Inn Express in the budget category. ...
Bell Pottinger faces hearing over claims it stirred racial tension in South Africa image
.... He warned that it could lose other clients. Bell Pottinger has lost some of its biggest clients, including South African investment bank Investec, the South African tourism board, London-listed African-focused miner Acacia and Richemont, the luxury goods company that owns Cartier and Montblanc and which is controlled by South African billionaire Johann Rupert. ...
Tesla seeking to test driver-free electric trucks on public roads image
Source : Guardian [Read Article] Thursday 10th of August 2017 10:55:23 AM
....While Musk has previously stated aims to build an electric truck, Tesla has yet to announce any autonomous driving aims for the vehicles, which are seen as the next evolution of greener and safer road freight. Tesla has been a leader in developing self-driving technology for its luxury cars, including the lower-priced Model 3, which it is beginning to manufacture. ...
UK defence contractor billed US more than $50m in expenses image
Source : Guardian [Read Article] Wednesday 9th of August 2017 09:56:22 PM
....A British company hired to help train Afghan intelligence officers billed the US government for more than $50m (£38. 4m) in expenses that included luxury cars and salaries paid to the “significant others” of the company’s top executives, according to a Pentagon audit. ...
How Netflix can spawn a Marvel-style Millarworld superhero universe image
Source : Guardian [Read Article] Tuesday 8th of August 2017 12:30:44 PM
....”. Disney had the luxury of building the Marvel hit factory selectively from a world of 5,000 characters, many of whom were not seen worthy of development when the company was acquired for $4bn in 2009. ...
Socially responsible retailers aim to end the ‘rent-to-own’ rip-off image
Source : Guardian [Read Article] Saturday 5th of August 2017 05:59:04 AM
.... Yet that same washing machine is available from the website of retailer RGB Direct at £599 and from John Lewis for £669. BrightHouse argues its customers typically don’t have the luxury of being able to walk into a shop and hand over £600-plus to pay for something. ...
We could end the buy-to-leave scandal – if the political will was there | Polly Toynbee image
....Every effort should be made to freeze the housing market and stop prices rising by more than inflation. The Guardian today analyses how other countries are choking off the buy-to-leave luxury vacant property disease: Vancouver charges 1% of the value every year for any property left empty for six months, sending owners “scrambling to rent”. ...
The Guardian view on Grenfell and the housing crisis: no more excuses | Editorial image
....London property values have historically risen so fast (despite a slowdown in the past year) that, despite the thousands of pounds that they could earn in rent, the seriously rich do not even bother to let out their surplus homes. Like most of the properties in the Tower, a luxury block near Westminster where on dozens of floors the lights never come on, these are not homes but commodities – assets that appreciate faster and more reliably than equities. ...
Lenders must stop stoking demand for loans: or there’ll be another firestorm image
....Some spending that would normally have taken place in the first half of 2017 actually happened in the second half of 2016. The fact that outstanding consumer debt is still rising suggests that people are no longer borrowing to fund luxury purchases but rather to make ends meet. ...
Elon Musk hands over first Tesla Model 3 electric cars to buyers image
Source : Guardian [Read Article] Saturday 29th of July 2017 04:59:50 AM
....Tesla boss Elon Musk has handed over the first of what he hopes will be a mass-market electric car to employee buyers, setting the stage for the biggest test yet of the company’s plans to revolutionise the auto industry. Outside Tesla’s factory in Fremont, California on Friday night, Musk showed off the $35,000 Model 3 which has a range of 220 miles (350 km) on a charge that marks a departure from the company’s earlier luxury electric cars. ...
Jeff Bezos: how the world's richest man can change his stingy reputation image
.... He is the only one of the world’s top five billionaires not to have signed Warren Buffett’s giving pledge, and his philanthropic efforts so far have paled next to those of other prominent corporate titans like Bill Gates and even Mark Zuckerberg. Instead, he has used his money to purchase the largest luxury home in Washington DC (converting the 27,000 sq ft Textile Museum into a single-family residence). ...
Carmakers say fossil-fuel vehicle ban will dent industry and stall sales image
Source : Guardian [Read Article] Wednesday 26th of July 2017 03:15:14 PM
.... Nissan said it welcomed the move by ministers. However, one luxury carmaker branded the government’s plans “absurd” because some drivers need to travel long distances. ...
Noel Edmonds increases compensation claim for HBOS fraud to £300m image
Source : Guardian [Read Article] Tuesday 25th of July 2017 06:56:42 PM
....Lloyds, which rescued HBOS at the height of the financial crisis, has set aside a £100m pot for customers affected by the fraud, which took place between 2003 and 2007 at the hands of former HBOS Reading staff. The corrupt financiers were jailed earlier this year for the £245m loans scam which destroyed several businesses, before they squandered the profits on sex parties and luxury holidays. ...
Lloyds compensates only five victims of HBOS fraud scandal image
Source : Guardian [Read Article] Friday 21st of July 2017 07:00:12 AM
.... A group of six bankers dubbed “Britain’s Wolves of Wall Street” were jailed for combined 47 years and six months for a complex scam at HBOS’s Reading branch between 2003 and 2007. At the sentencing, Judge Beddoe said Lynden Scourfield, a former senior HBOS manager, had “sold your soul, for sex, for luxury trips with and without your wife – for bling and for swag”. ...
Burberry's Paul Price to be new boss of Topshop image
Source : Guardian [Read Article] Wednesday 19th of July 2017 05:46:19 PM
.... She was preceded by Jane Shepherdson, who ran Topshop from 1999 until 2007, before leading a buyout of the Whistles chain, which she left in 2016. An American who started his fashion retail career at Bloomingdale’s department store, Price has spent the past decade as chief merchandising officer at British luxury brand Burberry. ...
GlaxoSmithKline to sell UK Horlicks brand and scrap factory plans image
Source : Guardian [Read Article] Wednesday 19th of July 2017 02:51:53 PM
....The company is the latest to cut back on its UK manufacturing. Last week, the luxury goods group Burberry dropped plans to revive the Temple Works mill in Leeds and delayed a decision on whether to build a new factory next door for at least a year. ...
Christie’s reports soaring sales of £10m-plus art image
Source : Guardian [Read Article] Wednesday 19th of July 2017 09:27:36 AM
....Sales included the the Fujita collection in New York, the Givenchy collection in Paris, and the Lambrecht and De Balkany collections in London. Christie’s holds about 350 auctions a year, selling a range of luxury goods including fine art, handbags, jewellery and wine. ...
Carolyn McCall to become ITV chief executive image
Source : Guardian [Read Article] Monday 17th of July 2017 06:15:51 AM
....McCall was also active in the sale of a stake in Trader Media Group, parent of AutoTrader, to Apax for £675m, and acquiring Emap’s business-to-business magazine and events arm, which included the Cannes Lions advertising festival, alongside Apax for £1bn. She is also a non-executive director at Burberry, where last week a third of shareholders failed to back the luxury brand’s remuneration report in a protest over high pay. ...
'The lipstick effect': Britons treat themselves as budgets tighten image
Source : Guardian [Read Article] Saturday 15th of July 2017 08:00:01 AM
....In the last downturn home baking goods sold well, even though it can be more expensive to make a cake at home. “In many ways, home baking is a luxury purchase but you don’t just get cakes” Clark added. ...
Prefab sprout: off-the-peg homes bid to ease UK housing crisis image
Source : Guardian [Read Article] Saturday 15th of July 2017 07:00:00 AM
.... RHP said the new L&G-built “modular” homes will be rented out at £600 to £700 a month. For less than the price of most flatshares in the capital, tenants will receive a high-spec home complete with a luxury kitchen and lounge, separate bedroom and bathroom, underfloor heating and PV solar cells that promise to shave total energy bills to as little as £10 a year. ...
One in three Burberry shareholders revolt against executive pay deal image
Source : Guardian [Read Article] Thursday 13th of July 2017 03:37:20 PM
. A third of Burberry’s shareholders have failed to back the luxury brand’s remuneration report in a protest over high pay. ...
Burberry drops plans to redevelop Leeds mill despite pick-up in sales image
Source : Guardian [Read Article] Wednesday 12th of July 2017 01:52:25 PM
.... Burberry’s backpacks were the best seller, overtaking the Banner bag. The strong Asian sales and ongoing UK growth helped offset declines in the Middle East, the US and in some continental European areas including Italy, where Brown said Burberry faced tough competition from local luxury labels. ...
London mayor blasts council over cut to affordable homes in Battersea revamp image
.... The council caused an outcry last month when it rubber-stamped a move by the developer driving the £9bn revamp of the historic site that cut the number of affordable flats to 386, a 40% reduction from original plans. Citing rising costs and other factors, including Brexit-induced economic uncertainty, which has disrupted the luxury homes market, the developers say they expect to achieve less than half of the original returns. ...
Electric car revolution: calculating the cost of green motoring image
Source : Guardian [Read Article] Saturday 8th of July 2017 08:00:03 AM
....A lot of those will be in supermarkets, railway stations and NCP multi-storey car parks. But it’s also a lot of poles along streets of terraced housing that do not have the luxury of off-street parking, even though there are other innovative fixes such as the charging sockets a German company is building into street lamps. ...
Hold the Shard-enfreude – a house price drop is not about to happen | Patrick Collinson image
....There will be no tears shed for the Shard and its failure to find buyers for its £30m apartments. Instead, “Shard-enfreude” will be the dominant feeling among priced-out home-buyers, excluded from the residential towers which now litter the capital’s skyline, and whose luxury penthouses lie empty. ...
Uber presses pause on primary taxi service in Finland until 2018 image
Source : Guardian [Read Article] Thursday 6th of July 2017 09:15:32 AM
....“While we are looking forward to the reforms coming into effect, we have decided it is best to pause UberPop from 15 August until the new regulations allow a better environment,” Järvinen added. Uber’s luxury licensed service, UberBlack, will continue operating in the Finnish capital Helsinki, and Jarvinen said the company is committed to supporting the hundreds of drivers who would no longer be able to make money with UberPop. ...
High living, low sales: Shard apartments still empty, five years on image
Source : Guardian [Read Article] Wednesday 5th of July 2017 05:00:05 AM
....But the brochures are no longer available and the tower’s developers and its Qatari owners are reluctant to speak about the residences, which they had boasted would be among the most luxurious in London. As well as the views and double-height entertaining space, potential residents were said to have the luxury of being able to order room service from the five-star Shangri-La hotel below, and call on its maids to turn down their beds. ...
How much?? image
Source : BBC [Read Article] Tuesday 4th of July 2017 10:26:38 PM
.... . Word of mouth recommendations have seen him hired by US actors and actresses and he's taught in a variety of exotic locations from a yacht sailing around the Caribbean to private islands in luxury holiday resorts. ...
Flying high image
Source : BBC [Read Article] Sunday 2nd of July 2017 11:09:01 PM
Trouble in the Dales as holiday homes become the new buy-to-let image
Source : Guardian [Read Article] Saturday 1st of July 2017 06:00:06 AM
.... If you buy a property and let it out for holiday use, you can still set your full mortgage interest repayments against tax, unlike under the rules that have hit buy-to-let. You can also kit out the cottage to a luxury standard and deduct the entire cost from your pre-tax profits. ...
What’s a good city break for a special anniversary? image
Source : Guardian [Read Article] Saturday 1st of July 2017 06:00:06 AM
.... Venice is pricey and we don’t fancy Paris. Is there an undiscovered UK town or city we should consider (we’re in London), or is a cheap flight best? We don’t need luxury!. ...
Lloyds bank pays HBOS fraud victims £35,000 in living expenses image
Source : Guardian [Read Article] Friday 30th of June 2017 01:00:51 PM
....”. The fraud took place between 2003 and 2007 when HBOS employee Lynden Scourfield, who was in charge of looking after troubled businesses, referred struggling firms to David Mills and his consultancy QCS in return for luxury cruises and lavish gifts. ...
Net-a-Porter owner opens tech hub in London image
Source : Guardian [Read Article] Tuesday 27th of June 2017 11:25:53 AM
. The owner of the Net-a-Porter luxury fashion website is to hire at least 100 more IT experts over the next two years as it shrugs off the impact of the Brexit vote to open a tech hub in the UK. ...
Local authorities not up to speed with fast broadband delivery image
Source : Guardian [Read Article] Tuesday 27th of June 2017 06:05:23 AM
....4Mbps, followed by Reading in Berkshire; Adur, the West Sussex district that includes the town of Shoreham; and the London borough of Enfield. In November 2015, the then prime minister David Cameron declared that “access to the internet shouldn’t be a luxury, it should be a right … we’re going to bring fast broadband to every home and business that wants it”. ...
HBOS fraud victims go unpaid as Lloyds battles Noel Edmonds image
Source : Guardian [Read Article] Monday 26th of June 2017 05:07:52 PM
.... He said he has seen an email showing HBOS knew about the fraud in 2008 when it was estimated £200m had been defrauded. Even before the £100m compensation provision, Lloyds had lost £250m on loans caught up in the fraud which took place period between 2003 and 2007 when HBOS employee Lynden Scourfield, who was in charge of looking after troubled businesses, referred struggling companies to David Mills and his consultancy QCS in return for luxury cruises and lavish gifts. ...
Bond Street: status of UK's most exclusive shopping street under threat image
.... Dolce & Gabbana, Hugo Boss, De Beers and DKNY are among the big brands understood to be considering their options. Bond Street is the most expensive place in Britain to run a store, with fashion brands paying top dollar to be located alongside the biggest names in luxury including Louis Vuitton, Chanel, Dior and Hermès. ...
Handbags at dawn with Farfetch, the latest thing in upmarket online fashion image
. First it lured Natalie Massenet, the queen of online luxury, then it teamed up with fashion bible Vogue, and now it has won a multi-million pound investment from China’s biggest retailer: London-based fashion website Farfetch has rapidly gone from edgy outsider to hot ticket. ...
Let’s move to Cambridge: ‘Ancient university and biotech boom town’ image
.... It can only end in tears. For now, though, it makes for bizarre juxtapositions, the ancient jump-cut with the futuristic, the provincial with the globalised, and old town houses beside luxury apartment blocks bulging from any spare square inch. ...
Burberry faces upheaval as chairman signals departure image
Source : Guardian [Read Article] Wednesday 21st of June 2017 06:10:12 PM
. Further boardroom upheaval is under way at Burberry after the luxury fashion brand revealed its long-standing chairman, Sir John Peace, is planning to leave. ...
Battersea Power Station developer slashes number of affordable homes image
Source : Guardian [Read Article] Wednesday 21st of June 2017 04:50:02 PM
. The developer behind one of London’s biggest luxury property projects has nearly halved the number of affordable homes it plans to build on the site. ...
Jaguar Land Rover to recruit 5,000 staff after record year of sales image
Source : Guardian [Read Article] Sunday 18th of June 2017 04:50:45 PM
....Jaguar Land Rover has unveiled plans to recruit 5,000 new engineers over the next year in a boost for British industry as the Brexit talks begin. The carmaker has just enjoyed a record year of sales bolstered by demand for luxury cars in China and North America, and needs thousands of new recruits, predominantly in the UK, to help develop new models, including electric cars. ...
UK attracts record overseas tourists after pound's Brexit slide image
Source : Guardian [Read Article] Friday 16th of June 2017 11:47:05 AM
....2bn, up 14%. Chinese visitors shopping for bargains in London have helped luxury goods companies, but tourism body Visit Britain said the biggest increase in long-haul passengers has been from North America. ...
Luxury cat hotels and 'fur-jazzles': pet care goes upmarket image
Source : Guardian [Read Article] Thursday 15th of June 2017 09:45:36 AM
....How much do we love our pets? The answer, it seems, can be measured in the billions of pounds we’re prepared to spend on them. British pet owners are no longer content to chuck the occasional dog biscuit in the general direction of their resident mutt, but are dropping increasingly vast amounts of cash on luxury pet products and services. ...
Duke of Westminster's property group to build 1,500 rental homes in London image
.... It recently reported a steep fall in returns on its British and Irish property portfolio, its worst UK performance since the financial crisis. It blamed Brexit and the increase in stamp duty on luxury properties. ...
EasyJet offers private jet experience at Luton – without the private jet image
....EasyJet passengers can now travel like billionaires – at least to as far as the steps of the plane – following the launch of a new venture to allow the airline’s customers to use the private jet terminal and facilities at Luton airport. Passengers can pay £475 to be checked in and clear security while relaxing in a luxury lounge, before being driven across the airfield to the plane in a private car and returning to bleak reality onboard. ...
Business leaders demand answers over Brexit strategy image
Source : BBC [Read Article] Friday 9th of June 2017 02:03:46 PM
....Few individual chief executives or companies have commented on the shock election result, with many privately waiting to see how a potential Conservative-DUP coalition is formed. But the boss of luxury car maker Aston Martin, which has invested heavily in a new plant in Wales, spoke out. ...
Business and City leaders call for reassurance image
Source : BBC [Read Article] Friday 9th of June 2017 08:06:32 AM
....All business groups were keen to stress that uncertainty is the worst outcome for its members, who are struggling to come to terms with what shape the new hung parliament will take. Individual companies and chief executives have been more muted, but Aston Martin said the uncertainly could lead to a fall in investment in the UK by the luxury car maker. ...
Qatar and the UK image
Source : BBC [Read Article] Friday 9th of June 2017 04:51:11 AM
....5bn in 2010. Meanwhile, Qatari Diar, the QIA's real estate development unit, is busy converting the US Embassy on London's Grosvenor Square into a luxury hotel, and is building homes at the former Chelsea Barracks which it markets as "the most coveted 12. ...
Why Topshop is falling out of fashion with the Instagram generation image
Source : Guardian [Read Article] Wednesday 7th of June 2017 04:47:19 PM
.... There’s Zara for the more fashion-forward crowd, Cos and newcomers such as Finery. Topshop’s top-end offerings – such as its Unique line that is sold on Net-a-Porter – are less enticing than the cheaper offshoots of luxury brands for those with £200 to spend on a single item. ...
Burberry's Bailey to get £10.5m in shares when he checks out as CEO image
Source : Guardian [Read Article] Tuesday 6th of June 2017 05:35:18 PM
....Burberry is to hand Christopher Bailey shares worth £10. 5m next month when day-to-day management of the luxury goods retailer switches to a newly recruited chief executive. ...
Why are human travel agents still so much better than websites? image
Source : Guardian [Read Article] Tuesday 6th of June 2017 09:37:43 AM
....It’s been more than 20 years since Expedia was founded as a division of Microsoft, kicking off the online travel market. Today, the industry has swelled to an enormous size, taking in machine learning-powered flight bookers such as Hopper, luxury-focused bargain hunters such as Secret Escapes, and a host of mobile-first booking apps like Trivago. ...
Apple HomePod challenges Amazon image
Source : BBC [Read Article] Monday 5th of June 2017 07:55:55 PM
....At more than double the cost of Amazon's Echo, the HomePod is a typical Apple move. The company is once again banking on its reputation as a creator of intuitive, luxury products that justify a hefty price tag. ...

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