Stellar Keller: French Laundry gives a taste of US’s very best October 4, 2011 AS someone whose job description includes reviewing restaurants, I admit it: I’m spoiled. Sure, it’s not all perfect foie gras and caviar washed down with Dom Perignon. But over time, you clock up a lot of great food because inevitably, the job includes eating at the very best as well as the not-so-good. I tell [...]
GOING OUT October 4, 2011 AUTUMNAL launches have continued apace and you can now go one better than Patrick Bateman by dining at Dorsia, inspired by its unbookable namesake from Bret Easton Ellis’ American Psycho. Brainchild of ex-Boujis boys Fraser Carruthers and Nick Andreen, this impressive new South Ken members club is spread over three floors of the (ex-Firehouse) Georgian [...]
Deutsche scraps full-year profits target October 4, 2011 Deutsche Bank said its full-year target of 10 billion euros (£8.6bn) before tax is no longer within reach as the European sovereign debt crisis takes its toll on global markets. Germany’s flagship lender will also take impairment charges on Greek sovereign debt of about 250 million euros and cut about 500 jobs, mainly outside its [...]
FTSE falls below 5,000 as banks tumble October 4, 2011 The FTSE 100 plunged below 5,000 this morning as the banking sector took a hammering sparked by the economic chaos which continues to engulf Greece. While the Government unveiled initiatives to spark economic growth including ‘credit easing’ for small businesses, the state of the Eurozone’s finances continued to cast a shadow. European shares extended losses [...]
Construction activity at ten-month low in September October 4, 2011 Construction activity stagnated in September after contraction in the home-building and civil engineering sectors, a survey of purchasing managers showed on Tuesday. The Markit/CIPS construction PMI headline activity index fell sharply to 50.1 in September from 52.6 in August, its lowest reading since a contraction in December 2010. The weak construction figures contrast with surprisingly [...]
Switzerland tops list of tax safe havens October 4, 2011 Switzerland, despite bank settlements with the United States to disclose tax evaders, remains the top refuge for financial secrecy, according to a new international ranking of tax haven countries. Switzerland is the world leader in financial opacity, only grudgingly conforming with disclosure agreements among developed countries while courting tax evaders in developing nations, said a [...]
UBS expects slim profit after rogue trader scandal October 4, 2011 Swiss bank UBS it expects to report a modest net profit for the third quarter after a $2.3bn rogue trading scandal. It also said it expected net new money in its wealth management business to be broadly similar to the second quarter. “UBS expects to report a modest net profit attributable to shareholders for the [...]
DP World to invest another $1bn in London Gateway October 4, 2011 Ports operator DP World will invest another $1bn (£647m) in the London Gateway project over the next three years, it said on Tuesday, adding the new port centre will be operational by the fourth quarter of 2013. The world’s largest port operator said the under-construction port will have an initial capacity of 1.6 million twenty-foot [...]
Osborne to inject billions into firms October 3, 2011 GEORGE Osborne, the chancellor, yesterday unveiled plans to inject tens of billions of pounds worth of government cash into small firms, as he sought to silence critics who say he is not doing enough to promote economic growth. The so-called “credit easing” scheme will see the government finance companies by buying their debt in the [...]
Chelsea in stadium move plot October 3, 2011 CHELSEA Football Club last night gave the clearest indication yet that it intends to leave Stamford Bridge, in a move that could trigger two huge west London property deals. The club has made a formal proposal to buy back from supporters the freehold on which its home of more than a century sits. Owning the [...]
