Lend Lease submits Heygate plan October 21, 2013 Lend Lease submitted detailed plans yesterday to Southwark Council for the first 360 homes of its £1.5bn regeneration of Elephant & Castle. The application is for the first phase of development on the Heygate Estate, where Lend Lease plans to build 2,500 new homes over the next 15 years. The buildings will range from three [...]
Postal service goes to the dogs October 21, 2013 THE POST-IPO spike in Royal Mail’s share price may have the newly-floated company feeling bullish, yet it must now beware an unexpected pack of four-legged competitors approaching its turf. With forecasters expecting a chilling winter, one courier firm has been trialling the use of trained huskies to deliver packages throughout the City. The zealous hounds were [...]
Any other business – 22/10 October 21, 2013 He has long had the nickname “Goldenballs”, and has certainly pulled together a pound or two with his legendary footballing (and marketing) prowess. Now David Robert Joseph Beckham OBE is being granted yet another shot at money-making. Beckham, who is listed as “professional footballer, retired”, is to be made a “freeman” for his contribution to [...]
Eurozone public debt reaches 90 per cent of GDP October 21, 2013 OFFICIAL figures released yesterday show that the Eurozone’s public debt pushed past 90 per cent of GDP in 2012, despite falling government deficits. Between 2009 and 2012, government debt as a percentage of the currency union’s GDP has swelled from 80 to 90.6 per cent, while government deficits have dropped from 6.4 to 3.7 per [...]
Fed’s Evans says decision on taper will be tough at December meeting October 21, 2013 IT WILL be “tough” for the Federal Reserve to have sufficient confidence in the strength of the US recovery by its meeting in December to start scaling back its massive bond-buying campaign, one of its senior officials said yesterday. “October is a tough one. December? I think we need a couple of good labour reports and [...]
Twitter triples in value during grey market trading October 21, 2013 TWITTER has trebled in value on grey market trading in the firm ahead of its expected market debut in November. The company has hit market valuations of up to $29bn (£17.9bn) based on trading taking place on city firm IG Index’s market. IG has previously offered grey markets – the price companies are unofficially valued [...]
Boost for plane-makers with sales of business jets expected to lift off October 21, 2013 SALES of business jets are expected reach $18.4bn this year, up about eight per cent from last year, according to a forecast by Honeywell Aerospace. The figures were seen as a sign of further economic strengthening despite some pockets of weakness notably in Asia. The forecast expects continued recovery from the economic low of 2009, and [...]
WPP brings General Electric Exec on board October 21, 2013 ADVERTISING giant WPP has appointed a former General Electric information chief to its board. Charlene Begley is one of the rising stars of General Electric, taking on an additional role as head of the company’s $8bn home and business unit in 2010.
BHP exits Indian assets following regulatory delay October 21, 2013 FTSE 100-listed miner BHP Billiton yesterday said it has pulled out of some of its oil and gas interests in India, following a portfolio review and due to an inability to carry out exploration operations there. The Anglo-Australian firm did not clarify its decision to withdraw from nine oil and gas exploration blocks, but local [...]
Oil refiner Hydrodec raises £20m October 21, 2013 Aim-listed oil refining business Hydrodec, which is chaired by former energy minister and ex-British Olympic Association chairman Lord Moynihan, yesterday said it has raised £20m through placing shares at 0.5p each to finance further expansion and repay all long-term debt. Hydrodec is in “advanced discussions” in the UK and Australia with potential partners to expand [...]