Articles

Credit Crunch

The following articles have been tagged under Credit Crunch.

5th February 2010

 

A giant leap for Giacometti

A sculpture of a grimly determined walking man by Alberto Giacometti  is considered to be one of the most important by the 20th-century Swiss artist so buying this was probably a once in a lifetime opportunity. The sculpture broke records today by becoming the most expensive work of art ever sold at auction when it was bought for £65m.The price ending up being five times more than its...

 

28th November 2008

 

Dunhill flagship stores

In these times of economic uncertainty lavish consumers look to timeless classics they know will hold their value and last for years, as opposed to flash-in-the-pan trends and glitzy impulse buys. This is seen in the sudden increase in Rolex sales as Iceland's financial markets sunk, or the way the traditional tailors of Savile Row are weathering the crisis.London-based men's clothing...

 

27th October 2008

 

Rich get richer in Britain despite credit crunch

Members of Britain's rich-list are getting richer despite the global credit crunch turmoil and are now worth more than £400billion. The Sunday Times have said the collective worth of the top 1,000 proud members of its annual Rich List rose by £53billion in the past year to £412.8billion. There are however signs that the credit crunch and an economic slowdown is taking its...

 

27th October 2008

 

UK property tycoons lose nearly £15billion

The credit crunch has slashed the fortunes of the UK's richest property tycoons by nearly £15billion. The 500 most wealthy property owners in the UK were worth £117billion before the turmoil commenced just over a year ago. That figure has fallen to £102.5 billion, according to the Estates Gazette rich list - with the 10 largest casualties alone losing more than an...

 

Recent News

Roman Abramovich gives his teenage daughter a £4m 'starter home'

According to reports, Roman Abramovich has given his teenage daughter Anna a relatively modest £4million mews cottage in Belgravia. The 19-year-old is moving into the three-bedroom cottage after splitting from solicitor fiancé Nikolai Lazarev. The cottage is the former home of the family's nannies and is co-owned by Roman and his ex-wife Irina, whom he divorced in 2007. Anna, who...

UK ticketholder wins record £161 million on Euromillions

With odds of 116 million to one the lucky ticket holder, who has not been identified, will now become the 430th richest person in the country if they are not a member of a syndicate. A spokeswoman for Camelot said: "This is amazing news – we are absolutely delighted that a UK ticket holder has scooped the entire €185 million jackpot, which at the current exchange rate is a massive...