Battersea Station and Embassy Gardens homes snapped up January 14, 2013 THREE quarters of the homes planned for first phase of the regeneration of Battersea Power Station have been snapped up since they went on sale last week, the developers said yesterday. The Battersea Power Station Development Company said 600 of the townhouses and flats at Circus West had been reserved, with commitments for over £600m [...]
Toyota retakes crown from GM as Detroit motor show kicks off January 14, 2013 GENERAL Motors reported a 2.9 per cent rise in global sales yesterday as the Detroit motor show opened its doors. GM, which launched a new version of its Chevy Corvette sports car at the industry show, said global sales totalled more than 9.28m vehicles, up from just over 9m in 2011. But it was not [...]
Sports Direct ends BAML link January 14, 2013 SPORTS Direct has parted ways with corporate broker Bank of America Merrill Lynch after six years. Mike Ashley’s retailer and the bank are believed to have ended the relationship by mutual consent at the end of last year. Ashley and BAML have worked together since Sports Direct floated in 2007, and are reported to have [...]
Chrysler talks up Fiat merger January 14, 2013 FIAT and Chrysler will eventually be merged even if Chrysler does go for an initial public offering, said Sergio Marchionne, the chief executive of both carmakers. “We will eventually have a merged car company,” Marchionne told reporters at the Detroit auto show yesterday. A minority owner of Chrysler last week pushed the US firm to [...]
Households got a £60 income boost last year January 14, 2013 Lochard to lose Thunderball Aim-listed Lochard Energy will let its licence to operate the Thunderball natural gas discovery in the North Sea lapse, as it does not have enough funding to drill it on its own. It has tried to bring in a farm-in partner but has been unsuccessful. Additionally, the firm is to be [...]
OECD: UK economy not on its way into triple-dip recession January 14, 2013 UK GROWTH is solidifying, not falling away, according to widely regarded data out yesterday. The UK’s composite leading indicator (CLI) edged up to 100.7 in November, the Organisation for Economic Co-operation and Development (OECD) revealed, from 100.5 in October – indicating “growth firming”. CLIs “tend to precede turning points in economic activity by approximately six months,” the OECD [...]
Surveyors say housing is flat January 14, 2013 HOUSE PRICES stayed flat over the past three months, a poll of surveyors revealed this morning. Exactly the same fraction of surveyors said prices rose as reported that prices fell, the Royal Institution of Chartered Surveyors’ data showed, producing a net balance of zero in December – compared to November’s minus nine. And the figures suggested [...]
City workers mull moving January 14, 2013 BANKING growth outside the capital is driving City workers to consider moving as far afield as Edinburgh in order to get the right role, data revealed yesterday. Forty-nine per cent would consider a move to Manchester to get the right job, making it the most popular destination, ahead of 45 per cent who would mull moving [...]
Christmas cheer raises spirits at Greene King January 14, 2013 RECORD numbers of people flocked to Greene King pubs over Christmas as the company ramped up efforts to bring in festive diners. The pub owner and brewer revealed yesterday that like-for-like trading in its establishments was up 2.8 per cent in the six weeks to 6 January, while pub sales were up 6.8 per cent [...]
Britvic and Barr merger put on ice as watchdog delays tie-up January 14, 2013 THE UK’S trade watchdog has put the brakes on the merger of soft drink giants Britvic and AG Barr after extending the timetable for its probe into the deal. The Office of Fair Trading has put back a decision to green light the merger until the 13 February, giving it more time to scrutinise whether [...]
