BATTERSEA HOMES PLAN October 19, 2009 BATTERSEA powerstation could be the site of a new £5.5bn housing complex, after a planning application was submitted for 3,700 homes to be built alongside offices, shops and restaurants on the 40-acre site. Developers Treasury Holdings UK, who have submitted the plan, have spent two years in discussions about the site’s future.
St Ives slashes dividend amid tough markets October 19, 2009 Printer St Ives posted a sharp fall in full-year underlying pre-tax profit as all its businesses were hit by tough market conditions, slashed its dividend and said outlook for the markets it supplies remained uncertain. It declared a final dividend of 0.5p, taking the total dividend for the year to 2.25p, down 87 per cent [...]
City boosts office take up in London October 19, 2009 BOOSTEDby a surge in City office deals, central London office take-up in the third quarter rose to 2.6m sq ft, up from a low of 1.1m sq ft in the first quarter, according to new research from property firm CB Richard Ellis. In addition, the amount of space under offer lifted to 2.4m sq ft [...]
Tullett, BGC court case to be postponed for a week October 19, 2009 THE High Court battle between inter-dealer brokers Tullett Prebon and BGC Partners faces another setback this week as it is postponed indefinitely due to a barrister being taken ill. It is understood the court will not reconvene for at least a week after Andrew Clarke QC, a barrister at Littleton Chambers acting for BGC, was [...]
IMF warns against stimulus cuts October 19, 2009 The International Monetary Fund (IMF) yesterday warned countries not to scale back stimulus measures to fight the global recession as that could jeopardize a return to weak growth next year. “This is no time to take risks with premature withdrawal of the stimulus,” said the IMF’s John Lipsky. He said recovery forecasts were based on the [...]
BSM ties up with Barclays October 19, 2009 The British School of Motoring (BSM) and Barclays Commercial Bank yesterday announce a landmark financial partnership. Barclays will embark on a four-year funding line for the award-winning Fiat 500, which was recently announced as the new fleet vehicle for the driving school. The deal will see Barclays Commercial Bank funding a significant percentage of the [...]
Aer Lingus to fly to Bucharest October 19, 2009 Aer Lingus yesterday announced that it would be launching a new flight route to Bucharest, home to Vlad Tepes, the inspiration behind Bram Stoker’s Dracula. Aer Lingus hopes that it will attract growing demand from a True Blood fan base – the new vampire TV series which has recently hit screens. Aer Lingus is starting [...]
ROYAL MAIL: THE RIVALS October 19, 2009 ADAM CROZIERROYAL MAIL CHIEF EXECOnce head of the Football Association, Crozier is used to running much-loved British institutions. But the country is fast falling out of love with Royal Mail. The rise of the internet and the mobile phone means businesses and households alike are deserting the service. Crozier has been stuck between a rock [...]
TNT calls on government to deregulate postal services October 19, 2009 DUTCH-OWNED post group TNT yesterday called on the government to lift anti-competitive barriers that prevent it from launching a service to rival Royal Mail. As the state-owned postal service gears up for a national strike – set to start on Thursday – TNT wants provisions that exempt Royal Mail from paying value added tax to [...]
Royal Mail locked in last-ditch talks October 19, 2009 ROYAL MAIL was last night in eleventh hour talks with its unions in a desperate bid to avoid nationwide walk-outs which are set to cripple the Christmas post. It is the latest move from both sides to end a dispute over modernisation at the service. Tensions are running so high that there are even fears [...]