The hub formerly known as Boris Island gets another bite December 17, 2013 THE DECISION to keep the Thames Estuary hub in the running was the type of move by the Airports Commission that was once derided by Boris Johnson as “fudge-o-rama”. The independent panel said it had failed to make up its mind on whether to shortlist the proposal, more commonly known as Boris Island, and has [...]
Short-term fixes could prevent stacking planes above London December 17, 2013 BEFORE the first new runway is built, several airports will already be facing capacity shortages, and the Davies Commission yesterday outlined its preferred measures to make do and mend. Airspace rules could be changed to prevent circling over London while waiting to land, Davies said, ending the practice of stacking planes and making landing patterns [...]
Businesses calling for action sooner December 17, 2013 BUSINESSES have renewed their call for faster action on airport expansion as the coalition pledged to wait for the final results of the Davies Commission in 2015 before starting to work on a new runway. “[A]s the business community knows from experience, our airports simply don’t have enough capacity. Howard Davies has done the country [...]
Stansted says it will keep growing despite Davies thumbs down December 17, 2013 STANSTED executives were stoic yesterday after the airport was left off the shortlist for a new runway. The airport, which was taken over by Manchester Airports Group in February, had set out plans to build a second runway – and Boris Johnson had talked up the site’s prospects as a five-runway hub. However, Sir Howard [...]
The most imaginative Boris Island December 17, 2013 POOR Boris. Sir Howard Davies all but ruled out the chances of his estuary airport hub ever seeing the light of the runway yesterday – describing it as “imaginative” but giving expansion at Heathrow or Gatwick the green light in his report. Taking these sentiments a step further, comedian David Schneider tweeted this picture of [...]
At home with Jamie Dimon: The JP Morgan boss shows us his backhand in this panoramic family-packed Christmas card December 17, 2013 LAST week we revelled in political Christmas cards; the good, the bad and the er, down right weird (yes, you, Godfrey Bloom). Today we bring you corporate Christmas cards US style – in the form of JP Morgan boss Jamie Dimon’s card. And what a card it is. Not content with using one side of a [...]
GSK to stop paying doctors in overhaul to marketing plan December 17, 2013 GLAXOSMITHKLINE will stop paying doctors for promoting its drugs and scrap prescription targets for its marketing staff – a first for an industry battling scandals over its sales practices, and a challenge for its peers to follow suit. The drugmaker also said yesterday it would stop payments to healthcare professionals for attending medical conferences as [...]
Drivers foot bill as car insurers pass on £200m in extra costs December 17, 2013 THE PRIVATE motor insurance industry is passing between £150m and £200m in extra costs on to consumers every year, a report from the Competition Commission has found. Gaps in the settlement process for non-fault claims, overcharging for hire cars and inadequate repairs are behind the rising premiums, according to the report. It also concludes that a [...]
City Moves for 18 December 2013 | Who’s switching jobs December 17, 2013 Arbuthnot Latham The private bank has appointed Clara Gandelman Vila as a senior private banker in its executives team. She was most recently at UBS Wealth Management, where she was a client adviser in its key clients and high net worth divisions, focusing on UK and international private clients. Debevoise & Plimpton The law firm has recruited Tony [...]
Best of the Brokers for 18 December 2013 December 17, 2013 To appear in Best of the Brokers, email your research to notes@cityam.com ASOS Panmure Gordon has downgraded the online fashion store from a buy to a hold rating,but as increased its target price from 5,950p to 6,126p. After a 124 per cent rise in the share price this year, Panmure thinks this momentum is unsustainable, [...]