Met Police faces massive riot bill to replace Dizzee Rascal CDs September 12, 2013 THE METROPOLITAN police will have to pay out tens of millions of pounds to the insurers of a Sony warehouse in Enfield, after a court ruled that an arson attack was part of the 2011 London riots. The enormous distribution centre in north London burnt down at the height of the civil disturbances. But the [...]
IGas to explore for shale near to Manchester September 12, 2013 IGAS confirmed yesterday that it plans to drill an exploration well at Barton, near Irlam in Greater Manchester, to test for shale gas reserves. The energy company said it plans to drill a vertical well on the football pitch-sized site and that the process will take eight to 12 weeks. The controversial hydraulic fracturing, or [...]
Slowdown for the City as new speed limit rules are approved September 12, 2013 THE CITY of London voted in favour of a 20 mile per hour speed limit in the capital’s financial centre yesterday. The 20’s plenty campaign, which pushes for the slower speed to be adopted, commented: “A quarter of London is now committed to 20mph and other boroughs are watching the City’s decision.” The neighbouring boroughs [...]
Whiteleys shopping centre sold for £100m September 12, 2013 THE SALE of Whiteleys shopping centre, in Bayswater, has been concluded by Standard Life Investments UK. The site, part of which is grade two listed, was sold for over £100m to a buyer from Brunei in an off-market deal.
Meet the high speed analyst going downhill September 12, 2013 A SKILL for judging downhill slopes could prove quite useful for an equities analyst. So it’s with much respect that The Capitalist reveals that a resident of Threadneedle Street is a world champion street luger. Peter Eliot, insurance scribbler for Berenberg, took the plunge into street luging as a member of Oxford’s alternative sports club [...]
Lord Mayor celebrates silver anniversary with visit to vaults September 12, 2013 LORD Mayor of the City of London Roger Gifford and Lady Mayoress, Dr Clare Gifford paid a visit to the London Silver Vaults this week to mark the 60th anniversary of the world’s largest collection of antique silver for sale – right in the heart of the City. The collection of 25 silver shops is [...]
Feeble start to third quarter for Euro industries September 12, 2013 AN UNEXPECTED sharp contraction of the Eurozone’s industries in July, announced yesterday casts a cloud over the currency union’s fragile exit from recession. Industrial production dipped by 1.5 per cent between June and July, meaning that production is down 2.1 per cent compared to a year ago. Production is now back below its 2010 level, [...]
Draghi praises Latvia’s spending restraint and competitive wages September 12, 2013 PUSHING down wages and keeping pressure on government spending have helped keep Latvia’s economy competitive, European Central Bank boss Mario Draghi said yesterday. He welcomed Latvia into the Eurozone ahead of its conversion to the currency next year. And the central banker said the country is a model for others looking to devalue internally in [...]
G20’s growth speeds up as world recovers September 12, 2013 GROWTH across the G20 major economies and OECD states accelerated in the second quarter, the groups revealed yesterday, indicating that recovery is broad-based across the world. GDP growth hit 0.9 per cent across the G20, up from 0.6 per cent in the previous three-month period and its highest level since 2011. The UK is a [...]
Greek jobless total hits record as economic struggles rage on September 12, 2013 THE GREEK economy was still mired in a deep recession this June, with unemployment hitting a new record high, despite a nascent return to growth for other Eurozone countries. Official statistics announced yesterday showed unemployment reaching 27.6 per cent, the highest in the euro area by some distance. In June, the overall rate in the [...]
