Popular producer, Solomon Oyeniyi a.k.a. K solo who has quite done some music production for the likes of Timaya, Clever-J and others allegedly said to have moved out of his matrimonial home, abandons his legal wife, Kikelomo for his mum's home.
According to the information, K Solo marriage to the top business woman, Kike has been going through trouble waters for sometime now. The delectable woman, we learnt, hasn't too comfortable with K Solo's recklessness and insatiable appetite for anything in skirt.
"As a good wife who wants the success of her hubby, she has the right to query her hubby whenever he comes back home late, smelling of alcohol. This, in most times, doesn't go down well on him and he keeps on complaining of Kike nagging all the time." An insider told nigeriafilms.com
Kike, as a supplier had some transaction with Nigeria Breweries Limited, she was expected to be paid her money that month and K-Solo came up with some unbearable demands and Kike, we gathered, turned down his proposal claiming that the money she was expecting from her supply was going back into the business. This, we learnt, frustrated K-Solo and he allegedly said to have beaten a hell out of her.
"The following day, he packed his things and moved to his mum house where he permanent keeps his former girlfriend" another source told us.
Source: www.modernghana.com
London Luxury-Home Price Gains Slow After Property-Tax Increase - Businessweek
Luxury-home prices in central London rose the least in nine months in May, after the British government increased a tax on purchases of 2 million pounds ($3.1 million) or more, Knight Frank LLP said.
Values of houses and apartments costing an average of 3.7 million pounds climbed 10.7 percent from a year earlier, the London-based broker said in a report today. That was the smallest gain since August 2011. Prices rose 0.7 percent from April, bolstered by buyers from mainland Europe.
Chancellor of the Exchequer George Osborne raised the tax, known as stamp duty, to 7 percent from 5 percent in March. The threshold for the new tax rate is now the average asking price of a home in Kensington and Chelsea, one of London’s most affluent neighborhoods, property-listings website Rightmove Plc said when the government announced the change.
“The market has absorbed the 7 percent duty rate fairly well,” Liam Bailey, head of residential research for Knight Frank, said in the report. Prices for homes valued at more than 2 million pounds rose 1.6 percent in the past two months, while those for all luxury properties gained 2.7 percent, he said.
Europe’s debt crisis has prompted overseas investors to acquire real estate in London to preserve their wealth. Luxury- property prices in the city have increased about 12 percent since the market’s peak in 2008, including 4.7 percent this year, as a scarcity of homes for sale drove up values.
German Buyers
“We are now seeing a noticeable uptick in interest from France, Italy, Spain and even German-based purchasers,” Bailey said in the report. That contributed to the 19th monthly price increase in a row.
The crisis, now in its third year, threatens to destroy Europe’s 17-nation currency union as Greece contemplates exiting the euro and Spain sees its bond yields rise and banking industry falter. The euro zone’s collapse could cause prime central London property values to fall as much as 50 percent, Development Securities Plc (DSC) said in a May 31 report, as capital flows out of the city to less expensive markets.
“The ‘safe-haven’ effect has clearly played its role in attracting foreign money into London’s most desirable post codes,” Chief Executive Officer Michael Marx said in the report. “However, the property industry knows -- perhaps better than most -- that nothing goes on forever.”
Foreign Residents
Foreign buyers accounted for about 60 percent of home purchases in London’s most expensive districts in the four years through 2011, according to London-based Development Securities. As a result, more than half of the residents of Kensington and Chelsea and the City of Westminster are from outside the U.K.
House prices across the country rose in May for the first time in three months as a lack of homes for sale supported values, Nationwide Building Society said May 31. Values gained 0.3 percent from April and fell an annual 0.7 percent to an average of 166,022 pounds.
Knight Frank compiles its luxury-homes index from its own appraisal values of a sample of the same properties in the 13 most expensive neighborhoods of central London, including Belgravia and Knightsbridge.
To contact the reporter on this story: Chris Spillane in London at cspillane3@bloomberg.net.
To contact the editor responsible for this story: Andrew Blackman at ablackman@bloomberg.net.
Source: www.businessweek.com
Business travel key to Cape Town to London flights - Independent Online
More business travellers are needed to increase the economic viability of flights between the city and London, Cape Town Tourism said on Wednesday.
“The business traveller is a major contributor to covering flight expenses, which points to a need to work hard on forging stronger business ties in addition to the leisure market,” CEO Mariëtte Du Toit-Helmbold said.
“Airlines must make economic sense. When a flight is cancelled this is the reason. Decreased business travel, as a result of troubled economies, continues to plague key source markets.”
She said more energy would be directed to making Cape Town a competitive and year-round business tourism destination.
Marketing would need to be consolidated between different spheres of government, agencies and the private sector.
SA Airways announced on Tuesday that it would scrap its 20-year direct route between Cape Town and London from August 15. Instead, passengers would have to catch a flight from Johannesburg.
It cited declining passenger numbers to the United Kingdom and increasing airport taxes in that country as some of the reasons for ending the route.
SAA planned to re-deploy some of it planes to its growing Accra, Mumbai and Perth routes and add Abidjan to the network.
Du Toit-Helmbold said SAA had confirmed it would continue to use Cape Town as a draw card in its marketing promotions and campaigns.
Wesgro, the official marketing, investment and trade promotion agency for the province, said the Cape Town-London route still held strong economic value.
“International airlines identified this and are increasing their capacity during peak season,” Wesgro CEO Nils Flaatten said.
“Many business and leisure travellers from the United States are using London as a connecting flight into Cape Town and we are at risk of losing these visitors, as the travelling time has been extended even further.”
He called for an urgent national debate on flights into Cape Town and other regional airports. - Sapa
Source: www.iol.co.za
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