WHAT THE OTHER PAPERS SAY THIS MORNING July 13, 2009 FINANCIAL TIMES GOLDMAN SACHS EXECUTIVES SOLD $700M OF STOCKExecutives at Goldman Sachs sold almost $700m worth of stock following the collapse of Lehman Brothers last September, according to filings with the Securities and Exchange Commission. Most of the sales occurred during the period in which the investment bank enjoyed the support of $10bn from the [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 7, 2009 FINANCIAL TIMES RECESSION INCREASES SUICIDE AND MURDERUnemployment and recession add to the death toll from suicide, murder and heart attacks but cut the number killed in road accidents, according to the most comprehensive analysis so far of the health effects of economic downturn. Researchers at Oxford University and the London School of Hygiene and Tropical [...]
Land Securities sells its Portman House office to Libyan investor July 1, 2009 PROPERTY giant Land Securities said yesterday it has sold its Portman House retail and office building on Oxford Street to a Libyan state-backed investor for £155m. The multi-let building in the heart of the West End shopping district has been bought by Kinloss Property, a wholly owned subsidiary of the Libyan Foreign Investment Company. The [...]
Bullets, bombs and books on the front line June 24, 2009 THE JUNIOR OFFICERS’ READING CLUB: KILLING TIME AND FIGHTING WARSBy Patrick HennesseyPENGUIN, £16.99PATRICK HENNESSEY is a 27-year-old trainee barrister, who happens to have spent the past five years as an officer in the Grenadier Guards, fighting his way through the horrors of Iraq and Afghanistan and – as the title of his book suggests – [...]
London retailers get a capital boost while rest of UK drops June 14, 2009 DESPITE recovery in the UK retail sector slowing in May, London continued to outperform the rest of the country, according to fresh data out today from the British Retail Consortium (BRC). Like-for-like sales for May were 1.6 per cent higher in London than a year earlier, compared with a 0.8 per cent fall across the [...]
Crossrail causes Oxford St closure June 9, 2009 Retailers are up in arms after Transport for London (TfL) confirmed yesterday that a large stretch of Oxford Street is to be closed for work on the £16bn Crossrail project. The street will be closed to east-bound traffic between Newham Street and Tottenham Court Road, while construction workers replace and repair the ancient water and [...]
Alliance Boots woos HBOS’s Andy Hornby June 7, 2009 FORMER HBOS chief executive Andy Hornby is poised to become the new chief executive at high street giant Alliance Boot, giving him the chance to restore his reputation. Andy Hornby resigned from HBOS in October 2008, waiving a £1.6m bonus after the bank’s near collapse. Italian billionaire Stefano Pessina has been running Alliance Boots as [...]
Spending boost for West End’s stores May 25, 2009 HALF a million shoppers were drawn to London’s West End this bank holiday by a day of free parking and in-store entertainment. The event, which saw shoppers spend around £50m on Saturday alone, took the New West End Company six months to organise with co-operation from West End retailers, Westminster City Council and Transport for [...]
Sir Alan gives bluster boy Ben his marching orders May 20, 2009 IF there’s one place you really don’t want to see Sir Alan Sugar (other than in the role of London mayor), it’s a maternity ward – he’s not famed for his bedside manner. But for this week’s task, he called the teams to University College Hospital to discuss babies, or how to flog stuff to [...]
WHAT THE OTHER PAPERS SAY THIS MORNING May 18, 2009 FINANCIAL TIMESCASH-STRAPPED TOURISTS AVOID SPANISH SUNBritish tourists impoverished by the weak pound, German holiday makers worried about recession and a domestic market laid low by the sharpest economic contraction for 40 years: it would be hard to imagine a worse combination for Spain’s tourism industry as bookings in many places are down by at least [...]