City pockets millions by selling off roads April 9, 2015 THE CITY of London has made more than £10m from the sale of roads in the last four years – in attempts to facilitate redevelopment in the Square Mile. Figures obtained through a freedom of information request show that between 2010-11 and 2013-14, the City sold nine plots of “surplus highway land”, raking in a total [...]
Slow Eurozone growth weighs on trade deficit April 9, 2015 THE UK’S trade deficit – the amount Britain imports over what it exports – widened in February. The trade deficit in goods and services increased to £2.86bn from £1.54bn the month before, according to data released yesterday by the Office for National Statistics. It was the result of a £1bn drop in exports to £41.3bn [...]
Non-EU markets boost German export surplus as euro weakens April 9, 2015 GERMANY’S trade surplus climbed marginally in February compared with the previous month, according to figures released yesterday by the country’s official statistical office Destatis. The excess of exports over imports edged up slightly to €16.2bn in February (£11.8bn) from €15.9bn in January. Exports and imports both increased. Germany – the Eurozone’s largest economy – exported [...]
Top PRs Roland Rudd and Sir Alan Parker brought together by Shell’s BG Group takeover April 9, 2015 Rarely does one get the two titans of the financial PR world, Finsbury’s Roland Rudd and Brunswick’s Sir Alan Parker, in the same room – but that’s exactly what happened earlier this week in the prep meeting for Shell’s agreed £47bn takeover of BG Group. Observers say that Rudd stood up to shake his rival’s [...]
Personal trainer Tony Stacey hopes for a bit of magic in bid to run seven marathons in seven days April 9, 2015 A personal trainer based in the City has won celebrity backing for his campaign to raise cash for Breast Cancer Care by running seven marathons in seven days with a group of supporters. Tony Stacey, who was born and raised in Barking but now lives in Kent, and a group of runners will complete the [...]
Hastings boss confirms group looking at float April 9, 2015 HASTINGS Insurance Group boss Gary Hoffman said yesterday that the firm was still looking into the option of floating on the stock market. Addressing speculation that a public listing is on the cards in the next few months, Hoffman told City A.M.: “We are working with the shareholders to review options for the future, and [...]
Middle Eastern visitors to London splash out the most on the city’s luxury hotels April 9, 2015 Hotel prices paid by international visitors to the UK jumped last year thanks to tourists from the Middle East paying 67 per cent more for a room than the average rate. The hotels price index (HPI), a survey by online accommodation provider Hotels.com, revealed that travellers to the UK from the region paid an average [...]
PZ Cussons on track to meet forecasts despite Nigeria woes April 9, 2015 PZ CUSSONS said yesterday that it remains on track to meet full-year expectations despite turmoil in its biggest market, Nigeria. The owner of Imperial Leather soap sells a wide variety of consumer goods in Nigeria, Africa’s largest economy, which makes up over a third of its operating profits. However, falling oil prices, which in turn [...]
Rothschild hired to advise on financing Heathrow or Gatwick airport runway expansion April 9, 2015 Investment bankers at Rothschild are working for the Department for Transport, it emerged yesterday, as officials want to work out how the Heathrow or Gatwick runway expansion could be financed. Sir Howard Davies is leading a commission looking at the different proposals to increase capacity at the airports, which each come with varying price tags. [...]
Manchester Airport cashing in on turbulence at London rivals April 9, 2015 Manchester Airport is aiming to rival London’s airports after a record number of passengers passed through its doors last year. The UK’s third largest airport dealt with 22.32m people in the last financial year, which represents growth of 7.5 per cent year-on-year and beats the previous record of 22.26m passengers in a 12-month period, set [...]
