Qatari Diar UK boss Michael Patrizio quits January 21, 2015 One of the architects of a raft of investments in London property by the Qatari royal family has stepped down. Michael Patrizio has been chief executive of Qatari Diar's UK arm since June 2013, but will leave next week to return to the US "due to ongoing family concerns", according to property industry magazine Estates Gazette. [...]
Time to bounce back? How Londoners can save the “Bounceway” January 21, 2015 The charity behind plans to install the world's longest open-air trampoline says the project can bounce back – but only with the support of Londoners. Architecture for Humanity told City A.M. the project – which it hopes to install on Laud Street, in Vauxhall – could still become a reality, but only if there's enough support for [...]
Alpari shareholder Andrey Dashin:”I tried to wind it up a year ago” January 21, 2015 Another chapter in the increasingly dramatic administration of spreadbetter Alpari, after its largest shareholder went on the record to explain that he tried to wind it up a year ago because he was worried about its lack of financing. Andrey Dashin told industry site Forex Magnates that its current situation is "a natural consequence of [...]
Apple buys London startup Semetric January 21, 2015 Fresh from its $3bn (£2bn) of Dr Dre's Beats headphone brand, Apple has made its next big acquisition: UK music analytics startup Semetric. In the strongest sign yet that it's moving its focus back to music, the US tech giant has paid an estimated $50m for the company, based in London. The company, founded in [...]
World’s longest urban trampoline to bounce back? Bounceway “could still be crowdfunded”, says TfL January 21, 2015 This is one opportunity London's transport boss didn't jump at. Having bounced the idea around, "the world's longest open air trampoline" has been turned down by Sir Peter Hendy, the man holding Transport for London's (TfL) purse strings. But that doesn't necessarily mean the dream is over: the group behind the "Bounceway" is still mulling [...]
Bank of England minutes: Pound drops as MPC returns to agreement on interest rate rises January 21, 2015 The pound fell against both the euro and the dollar today, after Bank of England policymakers returned to agreement on the importance of keeping interest rates low. Minutes published this morning showed the Bank's monetary policy committee (MPC), which sets interest rates, voted unanimously against raising rates from their historic low of 0.5 per cent. [...]
This week you’ve failed at your new year’s resolutions – and Facebook knows about it January 21, 2015 The third week of January is the time most people begin to flake out of their new year's resolutions, it turns out. And to make it that little bit worse, Facebook is silently judging you as you fail. We all know the routine: you start the year full of gusto, enthusiastically checking into the gym [...]
Barack Obama’s State of the Union address: “The shadow of crisis has passed” January 21, 2015 It was a triumphant moment for Barack Obama last night, when he stood up to tell his country "the shadow of crisis has passed". His closely-watched State of the Union address followed months of strong growth in the US economy – in stark contrast to its neighbours across the Atlantic. In a speech firmly designed [...]
Mindfulness, robots and Will.I.Am: Eight things you need to know about Davos 2015 January 20, 2015 Caloo, calay: it's that time of year again, when leaders flock from the four corners of the globe to a smallish mountain town in the Swiss Alps, so they might wear ridiculous snow boots, slide over ice-covered streets in an undigified manner and generally discuss matters of grave world importance. For today, 2015's World Economic [...]
Former Permira chairman Damon Buffini to step down after 27 years January 20, 2015 Former Permira chairman Damon Buffini will leave the private equity firm at the end of this year, after 27 years. Buffini handed over his role as managing partner of the firm, which has €20bn in assets under management, seven years ago, but remained chairman until 2010. Since then, he's been a member of the investment [...]
