London Sports Festival moves from 3×3 basketball success to pickleball at the City of London Corporation’s Guildhall Yard
Balfour appoints Hogg Robinson finance boss to replace Magrath January 20, 2015 INFRASTRUCTURE group Balfour Beatty has appointed Philip Harrison as chief financial officer, replacing Duncan Magrath. Harrison is currently group finance director at Hogg Robinson Group and has previously worked at government support services business VT Group and at Hewlett-Packard. He will take up his new position and join the Balfour board later in the year, [...]
Economist titans clash over euro money printing January 20, 2015 SPEECHES at separate events have seen two giants of economics strongly disagree over the Eurozone’s anticipated quantitative easing (QE) policy. Larry Summers – former chief economist of the World Bank who nearly replaced Ben Bernanke as US Federal Reserve chairman – said QE would be welcome while former Bank of England boss Mervyn King held reservations. [...]
Rate cuts expected with China growth at slowest since 1990 January 20, 2015 CHINA’S economic growth has slowed to its weakest pace for 24 years, official figures released yesterday show. The economy grew by 7.4 per cent last year. In the final three months of the year the economy grew by 7.3 per cent year-on-year. “The recovery in China’s construction activity, which is the main driver of domestic [...]
Stamp duty cut boosts house buyer deposits January 20, 2015 HOUSE buyers have redirected their stamp duty payments into bigger deposits after the Autumn Statement tax cut, the Mortgage Advice Bureau (MAB) said today. The mortgage broker said deposits reached their highest level in 14 months in December. Average buyers’ deposits stood at 30.7 per cent of the total price paid in December, up from a [...]
German investors confident on economy despite hectic January January 20, 2015 INVESTOR sentiment in Germany has reached an 11-month high, new figures show. An indicator of economic sentiment jumped to 48.4 in January from 34.9 in December, according to figures released yesterday by German researchers Zew. The index now sits comfortably above its long-term average of 24.5. It has recovered from a 2014 trough of below [...]
Watchdog wants banks to help savers shop around for accounts January 20, 2015 BRITAIN’S savers have £160bn in instant access accounts paying less than the Bank of England’s 0.5 per cent base rate, the Financial Conduct Watchdog said yesterday. Savers can easily switch for a better rate through price comparison websites, but often fail to take advantage of better products on offer. The regulator wants banks to tell [...]
Parliament’s 750th “birthday”: House of Commons presented with huge Palace of Westminster cake January 20, 2015 The worshipful Company of Bakers and the The National Bakery School at London South Bank University yesterday presented a giant cake to the House of Commons to mark Parliament’s 750th “birthday”. The huge cake, shaped as the Palace of Westminster, was donated by London’s second oldest guild and marked the anniversary of Simon de Montfort’s [...]
From Nazi camps to freedom of the city January 20, 2015 Holocaust survivors Ben Helfgott and Sabina Miller yesterday received the Freedom of the City of London. Next Tuesday is Holocaust Memorial Day ■ Switzerland’S skies will be chock-a-block with private jets, big and small, as billionaires and world leaders swoop in to attend the annual World Economic Forum in Davos. The 1,700 jets expected are [...]
Polish duty increase is no tonic for vodka maker Stock Spirits January 20, 2015 Vodka maker Stock Spirits yesterday said it expected full-year results to be around the lower end of the range it outlined in November as it continues to experience supply chain disruption in Poland during the last quarter. The FTSE 250-listed drinks producer was hit by a duty increase in Poland during the third quarter that [...]
Twitter swoops for £20m Indian content startup January 20, 2015 TWITTER yesterday confirmed it has bought Zipdial, a mobile content marketing startup based in India which lets users connect through Twitter without being online, in a deal worth around $30m (£19.75m). Zipdial provides a “missed call” feature allowing users to receive inbound marketing via text message, app notifications or voice calls after making a call [...]
