Abu Dhabi in bid for high speed rail line August 1, 2010 THE Abu Dhabi Investment Authority (ADIA) has agreed to join Morgan Stanley and private equity group 3i in a bid for the high-speed railway linking London with the Channel Tunnel, it is understood. State-owned ADIA, considered the world’s largest sovereign wealth fund, is said to be in the “very early stages” regarding its involvement in [...]
Migrant cap will hurt City’s competitiveness August 1, 2010 As people across the nation count down the days to the London 2012 Olympics, final preparations for another great sporting festival are being made over 4,000 miles away in India. Much like the organisers of London 2012 hope to leave behind enduring sporting, cultural and transport legacies, the 2010 Commonwealth Games in Delhi have been [...]
CITY HEADS OUT FOR A GLORIOUS WEEK OF RACING AT GOODWOOD July 27, 2010 HORSERACING fanatics in the City have abandoned ship again this week to head over to Glorious Goodwood, running all week until Saturday. Around 100,000 attendees are expected to descend on Goodwood over the course of the festival, with the Tote estimating its potential winnings at £2.75m from 300,000 bets. Schmoozing at the first day of [...]
The ex-Goldman man bringing his banking skills to the Olympics July 26, 2010 AS far as many people are concerned, ex-Goldman Sachs banker Paul Deighton has quite possibly the best job in the world. Today he’s precisely two years away from organising the most prestigious sporting event in the history of mankind, the Olympic Games. And so far it’s going swimmingly well, he says. And he’s still in [...]
The legacy of the Olympics will be a 21st century transport system July 26, 2010 EVERY Olympic host has a legacy. Beijing 2008’s was clearing the pollution from the city’s air so visibility was more than just a few feet, while Athens in 2004 made significant improvements to its infrastructure, including the establishment of the brand new Eleftherios Venizelos International Airport. But exactly how will London leave its mark on [...]
The father of the UK’s transport business sees recovery on the way July 25, 2010 Stagecoach’s chief executive Brian Souter has seen it all in the 30 years since he founded the bus and rail operator – but even he admits the industry is undergoing a difficult period. The transport sector, which is only just emerging from a painful recession, is about to face more pain. Chancellor George Osborne’s emergency [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 22, 2010 FINANCIAL TIMES TARGETFOLLOW SEEKS MPS’ HELP The owner of a large property portfolio that includes the Centre Point tower in London has enlisted the help of his local MPs to stave off administration after loans of more than £200m provided by Lloyds expired on Thursday. Targetfollow, the Norwich-based property developer managed by Ardeshir Naghshineh, has [...]
Expat Expert: the power of local knowledge July 22, 2010 THANKS to globalisation and modernisation, individuals now have unparalleled levels of choice when it comes to relocation overseas. And London remains an extremely popular destination for individuals looking to experience life in another country – not only is it a hub for transport into mainland Europe and across the Atlantic, it has also retained its [...]
LIFE COACH July 21, 2010 WITH Boris Johnson’s Paris-style bicycle hire scheme launching on 30 July, Londoners who have hitherto been put off by the hassle of owning a bike will see a brave new world of green, healthy travel opening up before them. But for the commuter – particularly the female one – cycling to work isn’t always sartorially [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 20, 2010 FINANCIAL TIMES STUDY POINTS TO PENSION GAP AMONG EXECUTIVES Executives at FTSE 100 companies earn retirement benefits that cost roughly twice as much as those offered to those in the FTSE 250, according to a study released on Wednesday. The study, prepared by actuarial consultants Lane, Clark & Peacock, looks at the way FTSE 250 [...]