London Sports Festival moves from 3×3 basketball success to pickleball at the City of London Corporation’s Guildhall Yard
Housebuilding lags as UK population swells November 21, 2013 THE UK’S population is growing at one of the fastest rates in Europe, yet housebuilding remains too slow to keep up with expanding demand. Estate agents Haart will reveal this morning that first time buyer registrations have surged upward over the past year, rising 74.3 per cent between October 2012 and last month. In the [...]
Stocks rise on fresh US data as Yellen clears another hurdle November 21, 2013 THE DOW Jones ended above the psychologically-important 16,000 mark last night after investors were buoyed by news of falling US unemployment and an improving manufacturing sector. The day’s economic data releases also revealed a second straight month of falling wholesale prices. Meanwhile, Janet Yellen’s nomination to become the first woman to lead the Federal Reserve was [...]
Tube set to open all night on Fridays and Saturdays November 21, 2013 THE TUBE will keep running through the night at weekends from 2015, in a plan hailed by firms as changing the face of London’s night-time economy. However, unions threatened strike action after TfL announced alongside the night Tube that it was scrapping ticket office staff. Mayor Boris Johnson said London will be “a city fit [...]
Osborne’s budget deficit is going down but progress is slow November 21, 2013 SLOWLY but surely, George Osborne’s budget deficit is going down. It is still far too large for comfort, and the rate at which it is improving remains disappointing, but at least the numbers are moving emphatically in the right direction. The best measure of the shortfall between money in and money out – excluding financial [...]
Industry up as borrowing dips on rosy outlook November 21, 2013 UK MANUFACTURERS are still reporting rapid growth this month, while the government reveals a small decline in borrowing over a recent spurt of economic expansion. According to a survey released by the Confederation of British Industry (CBI) yesterday, for the three months to November, total orders and output growth are at the highest level the [...]
What the other papers say this morning – 22 November 2013 November 21, 2013 FINANCIAL TIMES Independence could lose sterling Scotland will be forced to quit the sterling currency union if it votes for independence next year, a cabinet minister has said, in the starkest warning yet for Scottish voters to remain in the UK. Speaking to the Financial Times days before the Scottish government releases its vision for [...]
Co-op demands Paul Flowers repays £31,000 November 21, 2013 THE CO-OP yesterday asked disgraced former director Reverend Paul Flowers to repay the £31,000 he received from the group in the second half of 2013. And the chief executive of a drugs charity said Flowers had resigned as a trustee of the body after questions were raised about his expenses claims. Reverend Flowers, dubbed the [...]
UBS does a deal with European antitrust probe over Libor case November 21, 2013 UBS has done a deal with European Union antitrust authorities to spare the Swiss bank from fines for the manipulation of benchmark interest rates, according to the Wall Street Journal. The bank will cooperate with investigators and turn over information on other banks as part of the arrangement. With Barclays having already reached a deal [...]
Spotify reaches $4bn valuation November 21, 2013 SPOTIFY has raised $250m (£154m) in new venture financing, according to the Wall Street Journal, in a deal valuing the company at more than $4bn. The service is reportedly looking to roll out in new markets including Japan. Spotify’s revenue has increased in recent years, reaching $585m last year, but its losses have also widened [...]
Graphene firm rockets 120pc November 21, 2013 FOLLOWING a 40 per cent jump during its debut on Wednesday, Applied Graphene Materials saw its share price leap 55 per cent yesterday, more than doubling in two days. Applied Graphene Materials now holds a market valuation in excess of £56.7m, up from £26.2m on debut. The Wilton-based company deals in the high-tech new material, [...]
