London cabs to get free Wi-Fi December 9, 2012 FREE Wi-Fi will be arriving in London’s taxis in the coming months after a local startup gained the all-clear from Transport for London to hand out its technology to the capital’s cabbies. Entrepreneur Richard Corbett’s Eyetease will offer 15 minutes of free internet access following a short advertising video. Corbett said over 500 taxi drivers [...]
London firms say output is growing again December 9, 2012 LONDON firms boosted their activity and output in November, after a gloomy October. London’s composite purchasing managers’ index (PMI) rose from 49.1 in October to 51.9 in November, Lloyds said this morning, through the crucial 50 level that indicates no change, and from decline to expansion. This London return to growth came with a less [...]
Factory boom adds to hope for return of rapid growth in China December 9, 2012 CHINA hit an eight-month high for manufacturing output last month, giving extra hope the economy is on its way back to double digit growth. Factories produced 10.1 per cent more output in November than a year earlier, according to data from the National Bureau of Statistics, the best yearly growth since March. The good news [...]
Think tank calls for extra years of work to beat costs of ageing December 9, 2012 THE GOVERNMENT must consider linking the age of state pension eligibility with life expectancy, a think tank said this morning. Measures potentially including raising the age of pension eligibility in line with life expectancy may be needed to tackle the rising cost of the UK’s ageing society, the International Longevity Centre’s UK branch (ILC-UK) said. [...]
Black swans get into the Christmas spirit December 9, 2012 THE official 12 days of Christmas may not start until 25 December itself, but hundreds of Canary Wharf workers will be getting in the spirit a little early by taking part in a festive run around the Docklands this Wednesday. To liven up proceedings, children’s charity Starlight – which organises the run to raise money to [...]
Boris joins Olympic volunteers for carols December 9, 2012 MORE than 3,500 Olympic volunteers donned familiar pink uniforms for a Christmas concert in Trafalgar Square this weekend, organised by Mayor of London Boris Johnson. The games makers enjoyed carols led by Britain’s Got Talent’s Jonathan & Charlotte, as the Mayor revealed his team of ambassadors would be making a comeback over the festive period, [...]
City Moves | Who’s switching jobs December 9, 2012 Old Burlington Investments Noreen Kelly has been appointed business development manager at the investment business. She was previously a relationship manager at Octopus Investment Management. In her new role, Kelly will market Old Burlington’s funds to financial advisers. Sainsbury’s Angie Risley has been appointed group human resources director at the supermarket. She was most recently [...]
Best of the Brokers December 9, 2012 ASOS Panmure Gordon has reiterated its “buy” rating on the fashion retailer and upped its target price from 2800p to 2875p after an analyst site visit, saying it had “enormous potential”. BERKELEY GROUP Northland UK has a “buy” rating with a target price of 1750p, adding cash generation at the firm’s sites left it well [...]
UK employment figures likely to show a rise in claimants last month December 9, 2012 UK employment figures are this week predicted to remain steady, in line with the weak economic background. “We forecast the October unemployment rate unchanged at 7.8 per cent and the November claimant count to increase by 6,400,” said Blerina Uruci from Barclays. Investors will this week be looking to America, where the Federal Reserve is [...]
Fear of higher tax sparks end of year sell-off December 9, 2012 INVESTORS typically sell stocks to cut their losses at year end. But worries about the fiscal cliff – and the possibility of higher taxes in 2013 – may act as the greatest incentive to sell both winners and losers by 31 December. The $600bn (£374bn) of automatic tax increases and spending cuts scheduled for the [...]
