Knight Frank cautious after bumper year

first_imgSunday 26 September 2010 9:54 pm whatsapp KCS-content Share More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgPuffer fish snaps a selfie with lucky divernypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org ESTATE agent Knight Frank said it expects to suffer after the government’s spending review next month, as the firm announced a 168 per cent rise in profit to £58.4m for last year.The group said yesterday that all of its branches were in profit, with particular strength in the UK and Asia pushing revenue up 13 per cent to £288m for the year to 31 March. However, senior partner Nick Thomlinson said: “Going forward, with public sector debt the equivalent of more than half of the UK GDP, the issue remains to what extent the recovering private sector will be able to compensate for the anticipated cuts to the public sector. “Consequently 2011 is expected to be a more difficult year, both in economic and property performance terms.”Thomlinson added that property prices continued to rise over the summer, though the pace of growth had slowed. Meanwhile, the firm benefited from sales in Hong Kong, where rental rates increased at the fastest pace in the world last year. It said modest rises seen in Shanghai, Sydney and Singapore last year should spread to the rest of Asia by 2011. Last year’s profit translated into an average bonus of £600,000 for each of Knight Frank’s 59 partners, though the firm declined to say how much individual partners received. Knight Frank more than doubled its budget for bonuses and commission, spending £35.5m last year. The company said it remains free of debt, with around £74m available cash and a £30m unused debt facility. FAST FACTS | KNIGHT FRANK● The estate agent operates from 209 offices in 43 countries● Notable deals include advising on the £671m White Tower asset sale and acting as leasing agent on the Walkie Talkie skyscraper Tags: NULLcenter_img Knight Frank cautious after bumper year Video Carousel – cityam_native_carousel – 426 00:00/00:50 LIVERead More Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndo whatsapp Show Comments ▼last_img read more

Axa rejigs UK insurance as its chief exits

first_img Share Tags: NULL AXA UK Insurance chief executive, Philippe Maso, has stepped down from his role after two years following a strategic review that will see the company reorganise into two distinct business units.Axa said one unit will focus on commercial business with the other focusing on consumer business. It said the change would give it a “sharper market focus and closer alignment to customer needs.” Each business will be headed by a new chief executive, with their own management teams, who will take direct responsibility for profitability and report to Axa UK group chief executive, Paul Evans.Maso is believed to be in negotiations about his future within the Axa Group. City A.M. understands he was less than enthusiastic about taking over one of the chief executive roles having been in charge of both the commercial and personal insurance businesses until recently. John O’Neill, currently chief executive of Axa Ireland, will oversee the setting up of the new businesses and will lead the commercial insurance team on an interim basis while Axa searches for a permanent CEO. Steve Hardy, currently managing director of Axa Direct will take over the new role of chief executive of the consumer business and will join the Axa UK executive committee. Hardy was a founding director of Swiftcover and was appointed managing director of Axa Direct after its acquisition of the online insurer in 2007. His appointment, along with the appointment of the new chief executive of the commercial business, is subject to approval from the Financial Services Authority.Evans said: “I would firstly like to thank Philippe for his vast contribution to Axa during his time in the UK and wish him well for the future. Moving to this structure will give our people who are closer to our markets a greater sense of empowerment and accountability, which will result in us being better placed to respond to market challenges as well as distributor and customer needs. As our portfolio in the UK is now a number of specialist businesses, this change brings the insurance business in line with the rest of our UK operations.” KCS-content Thursday 7 October 2010 9:45 pm whatsapp More From Our Partners I blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comPuffer fish snaps a selfie with lucky divernypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com whatsapp Show Comments ▼ Axa rejigs UK insurance as its chief exits last_img read more

Broughton makes key hire at sports fund

first_img Broughton makes key hire at sports fund More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA 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.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comWhy people are finding dryer sheets in their mailboxesnypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com Tags: NULL Show Comments ▼ KCS-content Share MARTIN Broughton, the former chairman of Liverpool Football Club, has made a key hire at his fledgling investment fund and advisory fund, Sports Investment Partners.Sports Investment said yesterday it is hiring Matthew Wheeler, who was chief executive of Alan Pascoe’s API Group in the 1990s. He then had a four-year stint as the worldwide managing director of Octagon until 2001.In this time he sat on the board of both DC United and Major League Soccer in the US and Eintracht Frankfurt of the Bundesliga in Germany. He developed a reputation for successfully building market leading sports agency propositions.Others involved in the new firm include Broughton’s son Michael and Nic Couchman, a partner at the sports business law firm Couchmans. “Matthew’s experience in both running leading sports businesses and in putting together deals that add value to all parties will be invaluable as we continue to examine potential investments in the sport industry,” said Broughton, who is also chairman of British Airways.Broughton led a dramatic sale of Liverpool to the Boston-based NESV. whatsapp whatsapp Wednesday 1 December 2010 8:23 pmlast_img read more

Investec targets bonus earners with mortgages

first_imgSunday 5 December 2010 11:13 pm Investec targets bonus earners with mortgages KCS-content HIGH earning City workers can take advantage of falling house prices, after a custom made “million plus” mortgage service was launched today.Professionals will be able to borrow against their bonuses, as well as regular income, said Investec Specialist Private Bank, which is launching the scheme.The mortgages will only be offered to people borrowing in excess of £1m.The Centre for Economics and Business Research (CEBR) estimated earlier this year that bonuses would be around £7bn. But recently it has become likely that this figure will come in lower as many banks increase salaries rather than bonuses.Three quarters of City workers expect their bonuses to be higher than last year, Investec said.House prices have tumbled this year, falling for the fifth consecutive month in November, according to property website Hometrack. Meanwhile the Bank of England reported an eight-month low in mortgage approvals in October.Tight credit conditions are dragging the market down despite positive economic growth, say analysts.Wealthy cash buyers, who can avoid credit difficulties, have kept prices afloat in London.And they can now be joined by high earning counterparts borrowing against their assets, said Jack Jones of Investec. Show Comments ▼ Share Read This NextFresh Fruit Sushi: Recipes Worth CookingFamily ProofCreamy Pumpkin Soup: Delicious Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily Proof’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofA Once in 17 Years Cicada Event in Princeton, New JerseyFamily Proof whatsapp whatsapp Tags: NULLlast_img read more

BP sees stock rise after US spill report

first_img Share Thursday 6 January 2011 7:37 pm BP sees stock rise after US spill report KCS-content SHARES IN BP rose yesterday morning following the early release of a US panel’s findings into the Deepwater Horizon disaster, which pinned blame on both the oil giant and its partners. An excerpt from the report criticised the oil industry for systemic risks and cost-cutting, but also pointed to failures by contractors Transocean and Halliburton. Analysts predicted that the report from the US National Commission set up by Barack Obama following the spill would make it harder for victims to succeed in lawsuits against BP for gross negligence. Richard Griffith from Evolution Securities said: “The report may provide grounds for BP to claw back monies from licence partners and possibly Transocean and Halliburton. While today’s report is damning it does in our view underpin out target price of 510p.”Analysts at BNP Paribas agreed, adding in a note: “This is the critical decision as, if not proved, BP can reclaim 35 per cent of total costs from its partners (having taken 100 per cent to date): it is also positive for future Gulf of Mexico activity.”Junior partners at the Macondo well, Anadarko and Mitsui, both saw their shares dip yesterday. Transocean and BP both rose in early trading, though BP later shed gains to close down 0.5 per cent at 496.9p. The US commission’s full report is due out on Tuesday. whatsapp Show Comments ▼ whatsapp More From Our Partners Mark Eaton, former NBA All-Star, dead at 64nypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.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.org Tags: NULLlast_img read more

Emirates to seek $1bn credit terms

first_imgMonday 10 January 2011 12:47 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm EMIRATES, the Arab world’s largest carrier, is seeking terms for a $1bn (£643m) revolving credit facility to fund its aircraft purchases, Reuters sources have said.A decision should be made in the next couple of weeks as banks flesh out details with Emirates, the source added.The airline said in a statement today it was considering “all commercially viable financing options”.Emirates chairman Sheikh Ahmed bin Saeed al Maktoum said in November there were no plans to issue bonds or raise funds. This followed the announcement of a planned multi-billion dollar increase in its fleet to include 120 Airbus A380 superjumbos.“Emirates has well-documented financing requirements to support its growth plans and hence has a continuous and ongoing dialogue with various financial institutions. “We will continue to explore all commercially viable financing options,” the statement said.Emirates is Dubai’s flagship company and one of the biggest contributors to the local economy, which has been hit hard by a property crisis. The government-owned airline rivals longer established names for traffic between Europe and East Asia. Share Emirates to seek $1bn credit terms whatsappcenter_img More From Our Partners 980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.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.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.com whatsapp Show Comments ▼ alison.lock Tags: NULLlast_img read more

Tullow Oil hits gas at offshore Ghana project

first_img whatsapp More From Our Partners Inside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com KCS-content Share SHARES in Tullow Oil rose yesterday on the news that it has hit a gas find in Ghana.The FTSE 100 Africa-focused oil and gas explorer said it had “encountered gas condensate in excellent quality sandstone reservoirs” at its Tweneboa-3 well. Tullow exploration director Angus McCoss said the find was “a great result that also demonstrates the strong predictive capabilities of our seismic data.” Tullow Oil shares closed 1.4 per cent higher at 1,350p. Monday 10 January 2011 7:22 pmcenter_img whatsapp Tullow Oil hits gas at offshore Ghana project Show Comments ▼ 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 PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com Tags: NULLlast_img read more

Alibaba executives step down

first_img KCS-content whatsapp Monday 21 February 2011 7:30 pm Show Comments ▼ whatsapp Alibaba.com has replaced its chief executive and chief operating officer after a noticeable increase in fraudulent transactions at the Chinese e-commerce firm’s website. Chief executive David Wei Zhe and Lee Shi-huei Elvis have resigned. The company said that Lee and Wei were not involved in any of the claims, and had made good faith efforts to address the problem, but were resigning to take responsibility for a “systemic breakdown.” Share Alibaba executives step down Tags: NULL Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wraplast_img read more

CITY VIEWS: WOULD YOU CONSIDER INVESTING IN AN ISA?

first_img whatsapp Thursday 3 March 2011 7:30 pm Share whatsapp DAVID PERRY | PROPERTY MANAGER“On the whole ISAs are a good idea. Tax free savings accounts are a great way to encourage more people to save, so it’s definitely an option I’d like to consider in the future.”NIGEL YEATMAN | CB RICHARD ELLIS“ISAs are a great way to save money and invest tax free. You keep everything you earn on your savings which is always good. This is something I’d consider investing in at some point.” Show Comments ▼ More From Our Partners Fort Bragg soldier accused of killing another servicewoman over exthegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKansas coach fired for using N-word toward Black playerthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comMark Eaton, former NBA All-Star, dead at 64nypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com KCS-content CITY VIEWS: WOULD YOU CONSIDER INVESTING IN AN ISA? Tags: NULLlast_img read more

Japanese boardrooms head towards equality

first_imgMonday 7 March 2011 8:50 pm Japanese boardrooms head towards equality whatsapp Share whatsapp More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comRussell 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.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org KCS-content JUNKO Nakagawa’s appointment to the highest level of Nomura’s board comes as a monumental first for the Japanese bank. Historically, Tokyo’s boardrooms have been male-dominated institutions where women are rarely seen in senior posts. That is why Nakagawa’s appointment is such a significant step forward.“It is rare for a Japanese financial institution to give this type of promotion to a woman,” said Azuma Ohno, a brokerage analyst at Credit Suisse Securities in Tokyo. “It’s an impressive move.”Nakagawa previously held various senior positions at Nomura, most notably leading the bank’s New York listing. She has many years of experience in investment banking as an adviser to many of Japan’s most reputed corporate clients.Nakagawa first joined Nomura in 1988 and is a graduate of Kobe University. Show Comments ▼ Tags: NULLlast_img read more