Heathrow traffic climbs as long haul flights rise October 11, 2010 HEATHROW Airport posted record September traffic figures after 6.2m people used the UK hub, raising hopes of an air industry recovery. Passenger numbers at Heathrow were up by 7.6 per cent last month, marking the largest yearly increase since July 2004, according to airports operator BAA. Heathrow saw more passengers flying to Brazil, India, Russia [...]
Stobart signs Aer Arann deal October 11, 2010 TRANSPORT group Stobart has signed a five-year deal with Ireland’s Aer Arann to use its Southend Airport. The deal will see Stobart invest €2.5m (£2.2m) into the deal and will see the Irish airline operate flights out of the London airport starting next March. Expectations are that passenger volumes will grow to 300,000 a year. [...]
Fine dining at the Royal Exchange October 11, 2010 Sauterelle Royal Exchange, Bank, EC3V 3LR www.danddlondon.com 020 7618 2483 FOOD SERVICE ATMOSPHERE Cost per person without wine: £42 DESPITE the grandness of its architecture, its lofty dimensions, the prestige of its retail outlets and, above all, its illustrious place at the heart of the City’s history and culture, as a place to socialise or [...]
The unemployment Nobel October 11, 2010 AS HIGH unemployment once again stalks the western world, the Nobel committee has rewarded three economists who revealed how the process of searching for work affects unemployment. As Dale Mortensen and Christopher Pissarides put it in 1998: “Market friction, the costly delay in the process of finding trading partners and determining the terms of trade, [...]
French defend line on hedge funds from US October 11, 2010 France’s stand on European plans for hedge fund regulation does not discriminate against funds from outside the EU, Paris has told the US, and offshore funds should be subject to supervision by a European watchdog. France, citing fears of insufficient regulation, refused with German backing a few weeks ago to back adoption of new hedge [...]
THREE OTHER RESTAURANTS NEAR THE ROYAL EXCHANGE October 11, 2010 RELAIS DE VENISE L’ENTRECOTE The formula that’s made the Relais de Venise restauarants a French institution could have been made for the City – salad starter followed by a large, perfectly-cooked steak and delicious frites. Accordingly, L’Entrecote has become a Square Mile institution in no time. 5 Throgmorton Street, EC2N 2AD. www.relaisdevenise.com GREENS RESTAURANT AND [...]
BCC voices its concern over the recovery October 11, 2010 BRITAIN’S economic recovery is rapidly running out of steam and the government and the Bank of England will need to take robust action to prevent a double-dip recession, the British Chambers of Commerce (BCC) will warn today. The BCC’s quarterly economic survey showed that the UK economy slowed considerably in the three months to September [...]
RICS: Further falls in UK house prices is expected October 11, 2010 ESTATE agents are predicting that house prices will fall even further, according to the September housing market survey from the Royal Institution of Chartered Surveyors (RICS), which is published today. A growing supply of new properties acted as a drag on the current price balance with a net 36 per cent of estate agents reporting [...]
Poor consumer confidence hits the High Street October 11, 2010 A LACK of confidence among consumers has resulted in lacklustre retail sales growth over the past six months while next week’s Comprehensive Spending Review is unlikely to boost optimism among spenders. Retail sales values rose just 0.5 per cent last month on a like-for-like basis from September 2009, when sales had risen 2.8 per cent. [...]
Virgin Active limbers up with laundry acquisition October 11, 2010 Fitness group Virgin Active has saved a towel and laundry supplier from collapse, safeguarding 30 jobs. The gym operator has bought H20 Leisure Services, which went into administration last month. H20, based in Neasden, north London, supplies Virgin’s 50 clubs in the capital, which use more than 1m towels a month. Virgin said it decided [...]
