London Report: Diageo’s woes help drag FTSE 100 lower again January 30, 2014 BRITISH blue-chip shares fell for the seventh time in eight days yesterday, led lower by Diageo after the company said weakness in emerging markets was hurting its sales. The FTSE 100 index was down 0.1 per cent, or 5.83 points, at 6,538.45 by the close, nearing its lowest since mid-December. It has suffered in recent [...]
New York Report: Tech rally sees S&P jump after Facebook beat January 30, 2014 The S&P 500 scored its biggest gain in more than a month last night as Facebook led a tech rally and data showed the US economy was on solid footing in the fourth quarter. The day’s rebound pushed the S&P 500 back into positive territory for the week, but the index was still down 2.9 [...]
Why we’re not about to witness the death of the global bubble economy January 30, 2014 AN ABNORMAL amount of liquidity is still afloat in today’s global markets, amounting to an unprecedented estimate of 27 per cent of global GDP. And whatever the troubles facing some emerging markets in recent months – apparently in the face of the Fed taper – this important ratio of global liquidity to GDP is not [...]
The Long View: The robots are coming – but the power of human ingenuity will save our jobs January 30, 2014 I FOR one don’t welcome our new robot overlords. Don’t get me wrong – I’m all in favour of the liberating potential of new technology. I’m also conscious that worries about jobs lost to mechanisation have a history of being misplaced: the jobs go but new and even better-paying ones appear elsewhere. What’s worrying right [...]
The bonus culture isn’t to blame for a collapse in corporate investment January 30, 2014 THE LATEST front in the ongoing critique of the Anglo-Saxon bonus culture has been opened up by the economist Andrew Smithers, in his recent book The Road to Recovery. He argues that it has led companies to under-invest, thereby harming economic growth. According to this argument, bonuses give managers a greater incentive to boost their [...]
Letters to the Editor – 31/01 – UK democracy, Small business, Best of Twitter January 30, 2014 UK democracy [Re: Scotland’s referendum is a fateful moment for the whole UK, yesterday] I struggle to understand how a system has developed where Scottish MPs vote on policy affecting Wales and England, but Welsh and English MPs can’t vote on some aspects of Scottish policy. Why not follow a similar model to the USA [...]
Focus on Islington: Arts and Arsenal in idyllic Islington January 30, 2014 ISLINGTON, specifically the area stretching from Islington High Street to Highbury Fields, is alive with activity, drawing in the hustle and bustle of The Angel and the independent bars and restaurants of Upper Street. Famed as one of the longest high streets in London, Upper Street’s boutique shops, theatres and cinemas have made central Islington [...]
Private View: On the market in Islington this week January 30, 2014 QUEENSLAND TERRACE FROM £299,000 Three bedroom penthouses or studio, one, two or three bed apartments, most with terraces, opposite Emirates Stadium. For viewings, call Barratt London on 08448114334 or visit barrattlondon.com. NOEL ROAD £1.85M Three bed Georgian family house spread across four floors. Overlooks Regent’s Canal with a roof terrace to admire the view from [...]
From forlorn flats to towering success January 30, 2014 One Commercial Street is the residential project proving London’s back in business OF ALL the new towers cropping up around the UK, an ambitious development, abandoned during the financial crash, is proving that London can bounce back from a crisis. Developer Redrow London now has high hopes for its flagship project, One Commercial Street, in [...]
Q & A January 30, 2014 DIRECTOR, DOUGLAS & GORDON Am I better off buying in an established area or going to the next up-and-coming one? Buying property in the next up-and-coming area is always risky if you’re looking for value growth. Douglas & Gordon figures show that areas around Prime Central London grew by twice the rate that Prime did [...]
