£23bn plan for Stansted hub airport to replace Heathrow
Stansted should replace Heathrow as the UK’s hub by transforming the airport into a four-runway operation with better rail links at a cost of £23bn, according to proponents of the scheme. Make, the London-based architect, is proposing to curb the jet noise suffered by residents living under Heathrow’s flightpaths by recommending that Stansted become the UK’s hub by 2028 – capable of dealing with 120m people a year.
Eurozone looks to ease Robin Hood tax collection
The biggest eurozone economies are looking at commandeering Europe’s market infrastructure to collect a tax on financial transactions in the latest attempt to ensure the levy captures trades executed in the City of London.
Amazon plans biosphere in Seattle
Amazon wants its staff to work in three giant spherical greenhouses in downtown Seattle, as its instinct to keep a low-profile is overpowered by the kooky futurism of its chief Jeff Bezos.
Saks sizes up a $3bn sale
Fights have been known to break out in sales events in the shoe section of Saks Fifth Avenue and the upmarket store will be hoping to generate a similar fervour from buyers as it puts itself up for sale.
US jeweller gets gilt edged chief
The former boss of the H Samuel and Ernest Jones jewellery chains has been appointed to be the next chairman of Zales, sending the US retailer’s share price soaring by more than 20 per cent.
The Daily Telegraph
One in 10 households millionaires
One in ten households in the UK are sitting on assets of around £1m due to house price rises and the increasing value of pension pots, according to research from the London School of Economics.
Disgraced MP Eric Joyce arrested
Eric Joyce, the disgraced MP, has been arrested again for abusing airport staff and police after leaving his mobile phone on a plane in Edinburgh. The Falkirk MP will appear in court.
THE WALL STREET JOURNAL
US to fund Glaxo research
Concerned about the need to fight antibiotic resistance, the US government will give drug maker GlaxoSmithKline up to $200m (£146m) over the next five years for research into new antibiotics.
Carrefour sells Mideast stake
France’s Carrefour said yesterday it is selling its 25 per cent stake in a Middle Eastern joint venture to local partner Majid Al Futtaim Holding for €530m (£453m).