Damaged arena to host British bouts January 20, 2014 BOXING: Next month’s high-profile bill featuring British heavyweights Dereck Chisora and Tyson Fury is expected to remain at the Copper Box in Stratford’s Olympic Park, despite damage to the floor of the arena during a fitness exhibition at the weekend. Four netball matches, set to be staged this week, have been cancelled or switched venue.
We let the truffle dogs loose in rolling fields of southern France January 20, 2014 Frederika Whitehead goes in search of pungent fungus that drives foodies crazy SERGE, our guide on the truffle hunt, is twinkle-eyed as he tells us about the aphrodisiac properties of truffles. “Truffles,” he says, “are like women: round, firm and very sensuous. I am passionate about truffles because they are the food of love.” We [...]
City jobs market bouncing back January 20, 2014 CITY hiring is booming on the back of the burgeoning recovery, business groups and recruiters said today, indicating the economy is at last getting back to health. More than 10,000 net new finance workers were hired in the final three months of 2013 and an additional 15,000 net will be taken on this quarter as [...]
Deutsche Bank hit by pre-tax loss of €1.2bn January 20, 2014 DEUTSCHE Bank slid to a €1.15bn (£1bn) pre-tax loss in its fourth quarter, it revealed last night, as one-off restructuring and litigation costs wiped out profits at the German lender. A poor performance in the bank’s corporate banking & securities (CB&S) division helped to drag group revenues down by 16 per cent to €6.6bn in [...]
Scale of house price boom in prime London revealed January 20, 2014 AVERAGE house prices have doubled to over £1m in dozens of wards inside and surrounding London in the past decade, soaring despite the effect of the financial crisis. Research by property group Savills and the Property Database, based on Land Registry figures, shows the huge rise in prices recorded in the most sought-after parts of [...]
Remember Osborne’s global race? We are in danger of losing it January 20, 2014 WITHOUT foreign investment, we would be toast. How many of you, dear readers, work for UK subsidiaries of foreign companies? Or for a business that relies significantly on overseas investors for its debt or equity financing? In the case of the latter at least, the list now includes almost every company listed on the London [...]
Investment into UK lags behind top EU countries January 20, 2014 THE UK is straggling behind other advanced economies in the competition for foreign direct investment (FDI), which makes up only 13.5 per cent of the economy. A study released today by accounting firm UHY Hacker Young shows that the average proportion of GDP made up by foreign investment is 17.1 per cent, across 33 countries [...]
Britain is world’s leading online retail exporter January 20, 2014 BRITAIN’S online retail industry generated a bigger trade surplus than any other country last year thanks to thriving overseas demand for UK fashion brands and websites such as Burberry and Asos. A study out today from OC&C Strategy Consultants and Google reveals that UK online retailers exported a net £720m more goods than were imported [...]
What the other papers say this morning – 20 January 2014 January 20, 2014 FINANCIAL TIMES David Cameron faces EU isolation David Cameron risks “damaging Europe” with his anti-immigration stance, according to some of Britain’s allies, leaving the prime minister looking isolated in his attempts to restrict free movement in the EU. Ministers and officials from several EU powers told the Financial Times they would resist Mr Cameron’s attempts [...]
Metro blames IT for banks’ lack of competition January 20, 2014 BRITAIN’S banking sector cannot be broken open by challengers because the country lacks the vibrant IT sector needed to support new lenders, Metro Bank chairman Vernon Hill told City A.M. yesterday. Hill founded the first new bank in the UK in over a century in 2010, but argues it is a much easier process in [...]
