Third runway is worth 1bn a year to UK July 13, 2009 THE UK’s economy is set to lose between £900m and £1.1bn every year the third runway at Heathrow is delayed, according to a report from the British Chambers of Commerce (BCC) said yesterday. The controversial expansion, which was given the go-ahead by the then transport secretary Geoff Hoon in January, could be worth up to [...]
WHAT THE OTHER PAPERS SAY THIS MORNING August 19, 2009 FINANCIAL TIMES INVESTCORP REPORTS FIRST LOSSInvestcorp reported its first annual loss in its history after the London and Bahrain-listed investment group suffered big falls on its hedge fund investments and heavy writedowns at its private equity and real estate arms. The company, which made its name investing in retailers Gucci, Tiffany and Saks Fifth Avenue, [...]
Managing a strategy for career change August 12, 2009 IT’S HARDLY unusual for people in their late twenties to decide that the area they’re working in isn’t actually the career they want to pursue. Tristan Smith had been working successfully in the airline industry for eight years – even moving from her home town of Sydney, Australia to the US city of Chicago – [...]
City chaos as RMT strikes over salaries June 10, 2009 PANDEMONIUM hit the streets of London yesterday, after the Royal Maritime and Transport (RMT) union continued its 48-hour tube strike, which began at 7pm on Tuesday. Roads heaved under long traffic jams as thousands of commuters struggled to get around the capital without using the underground. Nervous novice cyclists wove in and out of traffic, [...]
City chaos as RMT strikes over salaries June 10, 2009 PANDEMONIUM hit the streets of London yesterday, after the Royal Maritime and Transport (RMT) union continued its 48-hour tube strike, which began at 7pm on Tuesday. Roads heaved under long traffic jams as thousands of commuters struggled to get around the capital without using the underground. Nervous novice cyclists wove in and out of traffic, [...]
Crossrail gets City backing May 17, 2009 INFRASTRUCTURE investments such as the long-awaited Crossrail project, for which construction began last Friday, have a positive impact on the City, a survey out today will show. The data from City law firm Pinsent Masons shows that 77 per cent of the City think such investments will enhance London’s competitiveness and attractiveness as a business [...]
There must be no second thoughts on Crossrail May 17, 2009 TODAY marks a seminal point for the City as the House of Lords discusses the Business Rate Supplements Bill. A bill affecting payments from businesses will clearly always be of huge relevance to the prospects for City firms but this is doubly important because it will determine the future of the Crossrail project. The bill provides the [...]
There must be no second thoughts on Crossrail May 17, 2009 TODAY marks a seminal point for the City as the House of Lords discusses the Business Rate Supplements Bill. A bill affecting payments from businesses will clearly always be of huge relevance to the prospects for City firms but this is doubly important because it will determine the future of the Crossrail project. The bill provides the [...]
If you want a good quality of life, Helsinki’s your city June 16, 2009 YESZOE STRIMPEL THAT London hasn’t made it into the top 50 places to live in the Economist Intelligence Unit’s liveability survey doesn’t surprise me. These types of lists are compiled using utterly colourless criteria that bear little relation to what makes life worth living. Admittedly, Helsinki, Vienna and Zurich (all in the top 10) are [...]
How London City Airport’s veteran boss is keeping his sights set high June 28, 2009 Whenever you meet Richard Gooding, London City Airport’s relaxed-looking chief executive, you can’t help feeling he has seen it all before – and after clocking up 42 years in the airline business, he probably has. Aged just 18, Gooding left rural Suffolk to work as an apprentice for British European Airways – which later became [...]