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Tough Times Ahead say Business School

London Business School

With London Business School experts saying don’t expect returns of more than 3 or 4 per cent a year from equities over the next decade, and negative returns from bonds, savers should keep about half their capital in cash or near-cash securities, says Money Management adviser Russell Taylor. [Read more…]

RKH Group receives funding

RK Harrison Group receives funding

RK Harrison Group receives funding

RK Harrison Group Ltd (RKH), a leading London-based, independent insurance broker, recently secured a new £30 million refinancing deal with Clydesdale Bank and RBS.

The new revolving credit facility is a club deal with Clydesdale Bank and RBS both holding 50% of the funding and replaces RKH’s existing £23 million debt facility.

RKH employs around 560 staff at 12 offices in 8 locations worldwide and has a turnover of approximately £80 million.

The firm specialises in providing tailored solutions to businesses, insurance brokers, trade associations and private individuals operating across four broking subsidiaries – RK Harrison Insurance Brokers, RK Harrison Insurance Services, RKH Financial Risks and Bowood Insurance Brokers in addition to Aqueduct Underwriting Management, their MGA vehicle.

Established in 1882, RKH was incorporated in 1998 via a management buyout from Hiscox Harrison Ltd.

The company has enjoyed strong growth in recent years via a series of acquisitions.

The Clydesdale Bank Corporate and Structured Finance team was led by Paul Hambrook, a Director in the Corporate Banking team in London. He said:

“RKH has positioned itself as one of London’s foremost insurance brokers via a carefully targeted strategy of ongoing acquisition.

“The quality and breadth of the services the firm offers to the market across its four divisions have been instrumental in enhancing their reputation in the sector and we are pleased to be able to support them as they continue to realise their ambitions for the business.”

Revitalisation Of Broadgate Circle

Broadgate Circle Property

Broadgate Circle Property

British Land and the Blackstone Group have today submitted a planning application for the improvement of Broadgate Circle in the City of London. The proposals represent a significant investment in Broadgate’s public realm and retail facilities which will result in greatly improved amenity for those who visit and work at Broadgate and the reinforcement of Broadgate Circle as the Estate’s civic focus. [Read more…]

High value Prime Central London

Prime Central London

Prime Central London

It is apparent that the Eurozone crisis and David Cameron’s protectionist stance with regard to the City and financial services industry has provoked strong interest in high value Prime Central London property.  [Read more…]