Gatwick Airport boss Stewart Wingate blasts recommendation to build third Heathrow runway August 18, 2015 The chief executive of Gatwick Airport has hit out at a recent commission’s recommendation that Heathrow be expanded. A 50-page catalogue of criticisms, published yesterday, targets the Davies Commission’s use of analysis from consultants PwC, despite its own expert panel urging caution on it. It also said the commission’s proposals, which rejected calls to expand [...]
Can shipping brokers ride out the rougher seas? August 18, 2015 Commodity turmoil could blow the shipping industry off course. The wider effects of stormy conditions in the global commodities market are emerging as more companies reveal tumbling earnings. Shipping company Clarksons yesterday published profits of £6.2m, down 36.7 per cent on the first six months of the previous year, citing “severe challenges faced by the [...]
Japan’s Abenomics is branded a failure as GDP points to an economic slump August 18, 2015 Japan could be forced to ramp up QE this autumn following its economic contraction – while experts are suggesting Abenomics has been a failure. Latest figures from the world’s third-largest economy show Q2 GDP shrunk 1.6 per cent on an annualised basis, brought down by lower consumer spending and weak exports. Private consumption [...]
Meet London mayor hopeful and Labour MP Diane Abbott: Can the left wing regain City Hall? August 18, 2015 Diane Abbott may be Labour’s most left-wing hopeful for mayor of London, but the longtime MP for Hackney North and Stoke Newington insists that she is not campaigning to become the next Ken Livingstone. “I’m not the second coming of Ken Livingstone,” Abbott told City A.M. yesterday in her Portcullis House office. “Different gender for [...]
Brompton Bicycle moves up a gear with new factory in West London August 18, 2015 Commuters’ favourite folding bike Brompton Bicycle is opening a new manufacturing and distribution hub at SEGRO’s Greenford Park, in Park Royal, West London. At just over 86,000 sq ft, the unit will be transformed into a manufacturing and distribution hub where highly skilled craftspeople will continue to manufacture the bikes and accessories. Will Butler-Adams, the [...]
All eyes on Federal Reserve after shock Empire State index drop August 18, 2015 American traders will be poring over crunch sets of data this week after a key index plummeted to its lowest level since the depths of the recession in 2008-09. The Empire State index – one of several widely watched barometers of manufacturing in the US – collapsed to a score of minus 14.9 in August [...]
Premier League: Debate rages on offside as Benteke nets August 18, 2015 LIVERPOOL 1 BOURNEMOUTH 0 LIVERPOOL manager Brendan Rodgers questioned the merits of the new offside rule despite his side benefitting from a contentious winner to maintain their perfect opening to the season against Bournemouth last night. The Reds are now unbeaten in their opening home match in each of the last 12 Premier League seasons [...]
Quindell names new boss to unravel mess August 17, 2015 EMBATTLED insurance outsourcer Quindell yesterday appointed tech development guru Indro Mukerjee as its new chief executive, two months after the departure of Robert Fielding. The appointment was made public amid investigations by the Serious Fraud Office and Financial Conduct Authority into previous business and accounting practices. The announcement ends 80 days of uncertainty for Quindell [...]
Inmarsat’s new rocket I-5 F3 launches on 28 August 2015 August 17, 2015 Inmarsat has scheduled the launch of the third satellite of its Global Xpress array, after a delay in May caused the satellite telecommunications company to reduce its revenue and earnings forecast for the year. The Inmarsat-5 F3 is scheduled for launch at the Baikonur Cosmodrome in Kazakhstan on 28 August 2015. The final satellite completes [...]
Concept Life purchases CXR Biosciences August 17, 2015 CXR Biosciences, a leader in the field of toxicology research, was yesterday bought up by scientific laboratory and consultancy group Concept Life Sciences. The deal is the fourth purchase for the company since its formation in 2014, following takeovers of similar firms Peakdale Molecular, Resource & Environmental Consultants and Scientific Analysis Laboratories in a $100m [...]
