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 [...]
Fresnillo, Hochschild and African Barrick post mixed 2012 forecasts January 18, 2012 MEXICAN precious metals miner Fresnillo beat its annual output target and said it expected stable silver production in 2012, as a boost from new mines offsets lower ore grades at its flagship operation. Fresnillo, along with other miners of silver and gold, has benefited from prices that touched records last year, and said it would [...]
Essar considers appeal over tax January 18, 2012 Essar Energy said yesterday that it is likely to appeal against a ruling by India’s Supreme Court, which said that the company will no longer be able to defer payment of a sales tax at its oil business, having so far benefited from deferrals of $1.24bn (£800m). The firm also said its Essar Oil subsidary [...]
Faroe awarded Norway licences January 18, 2012 Faroe Petroleum has won seven new prospective exploration licences on the Norwegian continental shelf. The Aberdeen-based company said the awards demonstrated its growing ambitions for exploration in Norway. The new licences were granted under the 2011 Norwegian licence round. Faroe Petroleum focuses on exploration and production opportunities in the Atlantic margin, the North Sea and [...]
