BANKERS NET £1.2M IN EIGHT MINUTES January 18, 2012 THERE WAS some rapid number crunching at last night’s IFR Awards for the investment banking community at Grosvenor House. The multimillion-pound question: could the 1,000 assembled investment bankers between them find £1.2m to take the total raised for Save the Children over the event’s 17-year history to £20m? And all in eight minutes, which was [...]
Canary Wharf to expand its East End estate with a brand new site January 18, 2012 CANARY Wharf Group is set to radically expand its east London estate after taking full control of Wood Wharf, a semi-derelict site adjacent to its existing estate. The company bought the 75 per cent stake it doesn’t already own from partner British Waterways and Irish property company Ballymore in a deal worth £90m. The site, [...]
Oil is left behind in global energy surge January 18, 2012 BP said yesterday that world oil demand would rise by 18 per cent to 103m barrels per day by 2030 – but that other forms of fuel would grow at a faster pace. Higher prices will help restrain oil demand, which will barely rise in OECD countries including the UK, the oil major’s Energy Outlook [...]
Croydon is reaching for the sky with 55-storey tower January 18, 2012 CROYDON is setting its sights high after approving a 55-storey skyscraper which would rejuvenate the south London borough. The development, expected to cost in the region of £350m, would bring 397 residential units, 217 hotel rooms and over 23,000 square metres of office space to Croydon. The skyscraper would also boast its own restaurant, coffee [...]
Boris: foreign cash can pay for airport January 18, 2012 A NEW airport for the Thames Estuary could be built in as little as six years and backed by sovereign wealth funds, Boris Johnson claimed yesterday. Raising cash for the project – expected to cost up to £50bn – would not be a problem, according to the London Mayor, as he called for a display of the [...]
CITY VIEWS: DOES LONDON NEED A NEW AIRPORT? January 18, 2012 GETHIN JONES | RSA “Heathrow and Gatwick are definitely being over-used, so I agree with it in principle as long as it’s environmentally safe.” STEVEN MITCHELL | ALTUS “Yes – people from east London need somewhere more accessible than Heathrow. City airport can’t handle the numbers.” NICK MALE | CALIBER “Yes, I think it should [...]
OPTIONS FOR LONDON AIRPORT EXPANSION January 18, 2012 Expansion of Heathrow, Gatwick and Stansted For: the government’s three main airports will be full by 2030 and Heathrow is already near to capacity. Expansion would provide a significant economic boost, estimated at £7bn a year at Heathrow alone, and help Britain to remain internationally competitive. Against: people living near all three airports say expansion [...]
News Int could settle hacking claims today January 18, 2012 NEWS International, the British arm of News Corp that includes the now-defunct News of the World, is close to settling many of the high-profile phone-hacking cases brought against it, lawyers for the victims have said. A spokeswoman for News International declined to comment ahead of a pre-trial hearing, which is due to take place this [...]
Tullow Oil and Shell in exploration deal January 18, 2012 TULLOW Oil yesterday announced a partnership with Royal Dutch Shell to explore parts of the Atlantic which have yet to be tapped to their full potential. It said the deal would involve “new frontier exploration in select basins and geological plays around the Atlantic Basin”. The deal follows the two companies’ exploration venture in 2009 [...]
APR powering to a 65pc sales surge as market booms January 18, 2012 APR Energy – the temporary power company backed by entrepreneur Hugh Osmond – yesterday forecast a 65 per cent surge in sales growth for the full year. The firm, which is expanding in emerging markets, said it anticipates sales of $93m (£60.4m) for the fourth quarter. Demand for services provided by companies such as rival [...]
