Costa Concordia crew sentenced July 21, 2013 Four Costa Concordia crew members and a company official were sentenced to jail in Italy on Saturday for their part in the 2012 cruise ship disaster that killed 32 people, leaving only the captain still on trial. The five received sentences of between 18 and 34 months for manslaughter, negligence and shipwreck, but are unlikely [...]
Mayfair mews pays out for property mogul July 21, 2013 VINCENT Tchenguiz, the property tycoon wrapped up in a legal battle with the Serious Fraud Office (SFO) has had one piece of good news of late – the mogul has sold his Mayfair home for almost £17m. The eight-bedroom property on Lees Place in Mayfair is close to Annabel’s private members club and only five [...]
Aston Martin celebrates centenary July 21, 2013 SWISS dental heir Thomas Straumann might have been feeling some pangs of nostalgia this weekend, as Aston Martin was showing off 550 of its finest motors at Kensington Palace Gardens, to celebrate turning 100. Straumann used to be the proud owner of an Aston Martin DB5 – which was used to promote the James Bond [...]
Best of the Brokers for 22 July 2013 July 21, 2013 To appear in Best of the Brokers, email your research to notes@cityam.com CAPITA Shore Capital keeps its “sell” rating and 1,056p target on the outsourcer as it looks ahead to interim results this week. The broker thinks new contract flow will disappoint slightly, in spite of an expected 15 per cent rise in half-year revenues, [...]
London Report: Data suggests UK economy is in good health July 21, 2013 THE UK economy is showing improving health, according to statistics out this week that are expected to reveal growth throughout the second quarter. The economy is forecast to have grown 0.6 per cent in the second quarter, accelerating from 0.3 per cent in the first three months of the year. The Office for National Statistics [...]
New York Report: Apple is set to report in busy earnings week July 21, 2013 WALL Street is experiencing its best month since January and looks poised to extend the rally with a deluge of earnings this week, though significant gains may be harder to come by with major indexes at record highs. Eight Dow components and Apple are among the companies that will report in one of the busiest [...]
London risks its prosperity if it fails to join the global rise of the airport city July 21, 2013 THE deadline has now passed for interested parties to lodge their proposals with the Airport Commission for increasing Britain’s airport capacity. Much has been said of the virtues and vices of each idea, but the basic reasons why London so desperately needs this expansion are equally important. Transport and connectivity are inextricably linked to the [...]
City Matters: We should rediscover the spirit of Victorian entrepreneurship in Latin America July 21, 2013 SOME 160 years ago, a wave of UK companies and engineers – among them my own great, great grandfather – crossed the Atlantic to help develop Latin America’s railways in a remarkable feat of Victorian entrepreneurship. The success of this partnership helped drive economic prosperity in both Latin America and the UK for decades. Major [...]
Lessons for regulators from Chris Froome’s Tour de France victory July 21, 2013 MANY of us have been enthralled by Chris Froome’s Tour de France win, helping restore our faith in this global event. Cycling’s regulator’s overwhelming problem is to maintain the credibility of the competition by deterring, detecting and punishing cheating. We can use the Union Cycliste Internationale (UCI) as an analogy for the British financial regulatory [...]
Letters to the Editor – 22/07 – Keep Heathrow, Broken housing, Best of Twitter July 21, 2013 Keep Heathrow [Re: Heathrow expansion is our best option and it doesn’t have to be loud, Thursday] One justification for an Isle of Grain airport is that London is moving east. That may be true for several thousands of people, but many hundreds of thousands in the west and south west of London depend on [...]
