BT Tower to be turned into Heatherwick-designed hotel by US giant
London’s iconic BT Tower has been sold to a US hotels giant for £275m – with the iconic structure to be turned into a Thomas Heatherwick-designed hotel. BT Group has…
Estate Planning
New landmark arena planned by operator of The 02 in London
The company that runs The 02 in London has submitted plans for a new 8,500-capacity arena in Edinburgh. AEG Europe said the venue, which would be located in the Edinburgh…
Urban Logistics: Bidding war erupts over Abrdn property trust
A bidding war has erupted over the Abrdn Property Income Trust, as the £592m Urban Logistics REIT has made a counteroffer to Custodian Property Income’s bid for the trust. In…
Government banks largest monthly surplus on record ahead of Spring Budget
The government recorded its largest monthly surplus since records began in January, helping borrowing in the year-to-date come in over £9bn below official forecasts. According to figures from the Office…
Tate & Lyle blames inflation for slip in revenue
British food science operation Tate & Lyle blamed a weak customer demand and inflation for a fall in volumes and revenues. In an update this morning, the public company revealed…
Heathrow turns first profit since pandemic amid Middle East takeover speculation
Heathrow Airport has turned its first profit in four years amid speculation that a consortium of Middle Eastern, state-backed investment funds could become prominent shareholders in the hub. Europe’s largest…
GSK reports robust results from latest trial with injectable HIV treatment
GSK has today reported favourable findings from the Latitude phase III study of its long-acting injectable antiretroviral treatment (ART) for HIV. The study was conducted by Viiv Healthcare, the global…
Glencore reports steep drop in profit as the good times come to an end for the mining giant
Glencore has reported a drop in profit and reduced shareholder returns following the “normalisation of international energy flows.” The firm’s full-year 2023 figures showed the group reported earnings before interest,…
Market data specialist Arcontech sees profits jump as clients stay loyal
Arcontech, which specialises in financial market data processing, has reported a jump in profits as its blue-chip client base remains loyal despite tough economic conditions. The AIM-listed firm’s pretax profit…
Mauro Colagreco at the Old War Office: Absurd? Brilliant? Both?
Mauro Colagreco at the Old War Office at Raffles London – or just plain old Mauro to its friends – is the kind of place where the bread comes with…