Get more bang for your buck in green, spacious Hackney June 17, 2010 THERE aren’t many areas of London where less than a million pounds can get you an original Victorian house with four bedrooms, close access to three parks, independent shops and a commute under 20 minutes. In London Fields, however, the asking price for such a lifestyle is often no more than £800,000. Despite its trendy [...]
StanChart set to be investor in AgBank IPO June 17, 2010 AGRICULTURAL Bank (AgBank) of China, gearing up for a likely record $23bn (£15.5bn) IPO, looks set to tap Britain’s Standard Chartered as a cornerstone investor. AgBank signed a strategic deal with emerging markets-focused Standard Chartered yesterday to collaborate on banking products and services, both in China and internationally. “It’s very likely StanChart will take a [...]
Capello in no mood to bow to detractors June 17, 2010 ENGLAND vs ALGERIA ENGLAND manager Fabio Capello last night defended his selection policy after coming under fire for the first time in two-and-a-half years in charge. On the eve of tonight’s must-win Group C contest with Algeria, Capello vowed to stick with his strategy of only revealing his team two hours before kick-off. And in [...]
BofA Edges ahead with online broker June 17, 2010 BANK of America Merrill Lynch is set to launch an online discount brokerage service aimed at smaller investors next week, the banking group announced yesterday. Merrill Edge will be aimed at clients with $250,000 (£168,751) or less to invest, placing the service in direct competition with other online discount brokers like Charles Schwab, Ameritrade and [...]
Standard Chartered June 17, 2010 STRATEGIC tie-ups rarely add up to much unless both players are willing to put money where their mouth is. That’s why Standard Chartered is almost certainly going to become a cornerstone investor in AgBank when it launches its likely record-breaking IPO. This is about much more than shaking hands. StanChart’s reasons are well-known. This year, [...]
Network Rail boss resigns June 17, 2010 IAIN COUCHER, the Network Rail chief executive, sent shockwaves through the rail industry yesterday after announcing his resignation. City A.M. understands that new transport secretary Philip Hammond and the Department for Transport (DfT) was unhappy with Network Rail’s performance. A report by Sir Roy McNulty, who is chairing a review of the previous government, found [...]
Stagecoach wins its subsidy dispute against government June 17, 2010 TRANSPORT group Stagecoach has said it expects its South Western Trains division to be profitable this year after it gained a partial victory in its subsidy dispute with the government. The dispute centred around the timing of government subsidies the group receives, but a rail arbitrator agreed with Stagecoach saying these should be for the [...]
FOCUS ON: CROUCH END, N8 June 17, 2010 PRIORY ROAD, N8 8LH Price: £785,000 This two-storey terraced house has the potential for a loft conversion, should you desire extra space. There are already four bedrooms and two reception rooms in this period property. The house is conveniently located for Alexandra Palace mainline station, which is approximately 23 minutes from Bank. There is also [...]
Tories call for driverless trains on the London Underground June 17, 2010 LONDON’S underground trains could run without drivers in the future if the government meets demands made by the Conservative Group of the London Assembly to replace the current “third rate” trains. The group argued in a report to the Mayor that driverless trains would offer safer and more efficient levels of service and would put [...]
Pat’s feeling all Rite after Ascot success June 17, 2010 DUAL-PURPOSE runner Rite of Passage was the toast of Royal Ascot on Ladies’ Day after springing a surprise in the Gold Cup. Sent off at 20-1 in the hands of Pat Smullen, the Dermot Weld-trained six-year-old outpaced Age of Aquarius in a thrilling sprint finish to win in a record time. It was his third [...]
