Carney gives seal of approval to singer Bugg August 28, 2013 BANK of England governor Mark Carney impressed delegates with his regional knowledge – and earned some major cool points – in his Nottingham speech yesterday, dropping the name of local-born singer-songwriter Jake Bugg in a somewhat laboured link to UK productivity. “I hope I haven’t jinxed it, but I saw him play in Hyde Park [...]
Candy gets the thumbs up to turn Knightsbridge office into house August 28, 2013 PROPERTY tycoon Christian Candy, one of London’s best known residential developers, is turning an office building in Knightsbridge into a supersized residential home. Candy’s CPC Group was granted planning permission by Westminster borough council earlier this week to convert its offices at Rutland Gardens into a house, which will be 16 times the size of [...]
Ryanair hits out at order to sell Aer Lingus stake August 28, 2013 THE COMPETITION Commission (CC) yesterday said it plans to force Ryanair to sell most of its stake in rival airline Aer Lingus, prompting a furious response from boss Michael O’Leary. The CC said yesterday that Ryanair must sell its 29.8 per cent stake down to five per cent, confirming its finding in May that the [...]
Inside Track: City watchdog must be careful to practise what it preaches August 28, 2013 IT is not easy to overlook the villainy of the banks and credit card issuers which sold superfluous insurance policies to millions of consumers through the York-based company CPP. But for sheer duplicity, the sanctimonious words of Martin Wheatley, chief executive of the Financial Conduct Authority (FCA), came close to rivalling the firms it regulates [...]
Rate of workless UK homes falls to a record low August 28, 2013 INDUSTRIOUS Britons are defying the global economic slump, with the proportion of homes in which no one works falling to its lowest rate since records began in 1996. Official data released yesterday showed that, when surveying homes in which at least one person is aged between 16 and 64 years old, 17.1 per cent of [...]
Dearth of competition in private hospitals drives up patient costs August 28, 2013 PRIVATE hospitals are charging patients more due to a lack of competition in the system, according to a report published yesterday by the Competition Commission. The chairman of the inquiry which produced the report, Roger Witcomb, said: “The lack of competition in the healthcare market at a local level means that most private patients are [...]
Sainsbury’s sales boost retailer to a larger share of the market August 28, 2013 SAINSBURY’S has successfully raised its share of the market through 2013, with sales growing as other retailers slip behind. In the 12 weeks to 18 August, Sainsbury’s saw a 49 per cent hike in sales, when compared to the same period last year, rising from £3.86bn to £4.05bn. According to the figures, collected from 30,000 [...]
Eurozone bank lending keeps on contracting August 28, 2013 THOUGH the Eurozone’s 18-month recession officially ended in the second quarter of this year, bank lending is still shrinking, down 1.9 per cent in the year to July. The decline in lending is the fastest in the Eurozone since the beginning of the single currency. Yesterday’s figures, released by the European Central Bank (ECB) also [...]
Retail sales smash expectations August 28, 2013 THE RETAIL sector is returning to a better state of health according to a widely-regarded business survey published yesterday. Sales in the year to August grew at their fastest rate since November last year, smashing the expectations of economists, the Confederation of British Industry (CBI) said. Nearly half (49 per cent) of the 125 firms surveyed by [...]
Modelzone to vanish from high street August 28, 2013 Modelzone administrators Deloitte yesterday confirmed that all of the model and toy retailer’s stores are set to close after failing to find a buyer for the business. The business advisory firm will close the remaining 18 shops next month, resulting in 126 job losses. Modelzone, which opened its first store in Brighton in the 1930s, [...]
