Reinventing the old-school bar legends October 19, 2011 LEGENDARY venues are currently undergoing reboots all over London. Home House’s newest portal to hedonism, The Vaults, draws inspiration from Studio 54 for a modern twist on the glory days of disco. This intimate space has a private entrance leading to a clandestine leather-clad door complete with chain-mailed peepholes. Inside, vaulted rooms of rich copper [...]
When touching and reading combine October 19, 2011 THE e-reader has reached adulthood, and bloomed with the addition of a touchscreen. Do touchscreen e-readers look better? Yes: they look more sleek and almost sexy. Are touchscreens necessary? Perhaps not. The reader experience is not so different to what we had when we were thumbing tiny keys, but, with the exception of the iPad, [...]
Morgan Stanley reverses losses October 19, 2011 Morgan Stanley reported a third-quarter profit, reversing a year-earlier loss, helped by a large accounting gain that stemmed from declines in the value of its debt. The second-largest U.S. investment bank earned $2.15bn (£1.36), or $1.15 per share, compared with a loss of 7 cents per share a year earlier. Revenue climbed 46 percent to [...]
Bank considered £100bn QE injection October 19, 2011 Bank of England policymakers voted unanimously for this month’s restart of quantitative easing, and considered injecting even more than the £75BN agreed, minutes to Bank’s October meeting showed. Bank’s Monetary Policy Committee surprised markets earlier this month by moving more rapidly and forcefully than expected to launch a second round of quantitative easing to support [...]
GKN sees earnings lift October 19, 2011 Industrials group GKN said third quarter profit rose 14 per cent, helped by strong growth at its automotive, agriculture and metals divisions. GKN, which produces auto components as well as airframes for planemakers Airbus and Boeing, reported a pretax profit of £100m on sales 11 per cent higher at £1.48bn in the three months to [...]
Home Retail profits slump October 19, 2011 Home Retail posted a 70 percent slump in first-half profit, with profitability at its Argos business collapsing. The firm, which also owns Homebase, the second largest do-it-yourself chain, said on market conditions were “weak and volatile.” “In these early weeks of the second half we have not seen the improvement in sales that we had [...]
BSkyB first quarter profits rise October 19, 2011 Pay-TV group BSkyB posted strong growth in first-quarter profits as strong sales of broadband to existing customers made up for the expected slowdown in new subscriber additions. BSkyB, which was set to be bought by its largest shareholder News Corp until a phone hacking scandal erupted in July, has been focussing on cross selling products [...]
Inflation: an undemocratic stealth tax October 19, 2011 INFLATION is taxation without legislation, as Milton Friedman, the Nobel prize winning economist, once said. He was spot on. Yesterday’s figures were truly appalling: inflation on the retail price index measure hit 5.6 per cent, the fastest rate for 20 years. On the official consumer price index measure, it reached 5.2 per cent. Over the [...]
Aguero to the rescue as City leave it late to earn a lifeline October 18, 2011 MANCHESTER CITY (2) vs VILLARREAL (1) MANCHESTER CITY manager Roberto Mancini believes his side have finally announced themselves on Europe’s grandest stage after Sergio Aguero’s injury-time strike secured a maiden Champions League victory. Having taken just one point from their opening two matches in the competition Mancini declared victory essential prior to kick-off, but Ruben [...]
Rooney’s spot on to secure United’s win October 18, 2011 OTELUL GALATI (0) vs MANCHESTER UTD (2) MANCHESTER United manager Sir Alex Ferguson praised Wayne Rooney’s composure after the striker kept his nerve to fire the champions to a first European victory of the season. Rooney, sent off for England on his last competitive start, scored two second-half penalties as United downed a resolute Otelul [...]
