Capital leading world tourism July 8, 2014 MORE international travellers will head to London this year than any other city in the world, according to a forecast released this morning. The city has retaken its top spot from Bangkok, which was the most travelled-to last year, according to figures from Mastercard. The capital is set for 18.7m visitors from abroad during the current [...]
UK stats need city analysts July 8, 2014 THE OFFICE for National Statistics (ONS) could benefit from doing more work in London, according to a review of the institution yesterday. Former monetary policymaker Kate Barker said “it might be worth establishing a small team of economists” in London to review data. When the ONS relocated partially from London to Newport in 2007, institutions [...]
Wanted: New £40m bridge across the Thames July 8, 2014 The search is on to find a suitable design for a new £40m bridge in west London. The emerging housing and commercial developments near Battersea Power Station, known as Nine Elms, would be connected to Pimlico under the plans. Wandsworth council is set to launch a global competition to design the bridge over the Thames.
Profit woes for Samsung after thieves hit Brazil plant July 8, 2014 Korean giant Samsung yesterday announced a 25 per cent decline in profits for the second quarter just days after robbers hit one of its plants in Brazil, seizing millions of pounds worth of products. It was the third straight quarter of annual profit decline and Samsung said it expected operating profits to be 7.2 trillion won [...]
Vatican Bank exorcises accounts after massive fall in its earnings July 8, 2014 The Vatican Bank yesterday announced it had blocked the accounts of more than 2,000 clients and ended some 3,000 “customer relationships” as it reported net profits of just €2.9m (£2.3m) for 2013, down from €86.6m in 2012. The bank has been hit by years of scandal, including money laundering allegations, and is about to be [...]
Lok’nStore posts 10pc rise in sales July 8, 2014 SELF-STORAGE firm LoknStore yesterday announced a 10.2 per cent increase in its year-on-year sales and a 9.6 per cent rise in occupancy. Andrew Jacobs, the chief executive, said: “Trading this year has been very strong, with occupancy, prices, revenue and profit all moving strong ahead”, adding he was “confident we will continue to deliver significant [...]
H&T expecting to reach target July 8, 2014 PAWNBROKER H&T yesterday said that it expected to deliver full-year profit before tax in line with current market forecasts. The group said it had reduced debt, controlled costs and increased revenues. H&T said that trading conditions in the industry were improving. “The factors that impacted pawnbroking in the last year are abating,” it said, adding [...]
Rolls-Royce car sales motor to new record July 8, 2014 Luxury car maker Rolls-Royce yesterday announced that it had accelerated to a new sales record in the first half of this year, up one-third in comparison to last year. The company, owned by German carmaker BMW since 2002, sold a total of 1,968 cars worldwide, it said. “This is an excellent half-year result and demonstrates [...]
Air France KLM joins European peers to warn of lower earnings July 8, 2014 Air France KLM rocked aviation stocks yesterday by warning that a glut of spare seats on its routes would dent its profits this year, just weeks after German rival Lufthansa made a similarly gloomy prediction. The Franco-Dutch airline said that over-capacity on some long-haul routes this summer was dampening ticket and cargo prices, prompting the [...]
Tungsten hails its maiden results July 8, 2014 TUNGSTEN Corporation, the fast- growing electronic invoicing group, celebrated maiden full-year results yesterday by announcing it had won a new contract with the German government. The group, founded by private equity pioneer Edi Truell, beat rivals such as SAP to land the government as a client, adding to a blue chip list which includes firms [...]