Bank of America exceeds $33.9bn capital cushion June 25, 2009 Bank of America yesterday said it has built more than the $33.9bn (£20.7bn) capital cushion demanded by federal regulators. The bank said it exceeded the buffer by conducting an exchange offer under which it expects to issue 200m shares. In total, it has completed exchanges of $14.7bn in preferred stock for common equity, adding to [...]
Regeneration is taking off in the Olympic quarters June 25, 2009 STRATFORD has long been one of those London areas that is supposedly on the verge of gentrification. The coming of the DLR, then the Jubilee Line, were meant to turn it into an up-and-coming area attractive to thrusting young professionals. It never quite happened. But last week, two things took place which mean that Stratford [...]
DSG warns of further tough times ahead June 25, 2009 DSG INTERNATIONAL, the owner of electrical goods chains Dixons, Currys and PC World, yesterday posted its second annual loss and warned the economic gloom shows no sign of easing over the coming year. DSG chief executive John Browett said current internal forecasts at the firm assume there will be no upturn in the UK economy [...]
FOCUS ON: WOODFORD, ESSEX June 25, 2009 QUEEN MARY’S GATE, SOUTHEND RD, E18 2PAPrice: From £225,000Set in nine acres of landscaped gardens, this private-gated development offers residents an exclusive environment which is just 20 minutes away from Bank by Tube. Formerly university accommodation, the development has been transformed into one, two and three-bedroom flats, which are smartly decorated. Epping Forest is just [...]
Iata: airline traffic has bottomed June 25, 2009 DEMAND for air travel seemed to hit a floor last month, industry body the International Air Transport Association (Iata) said yesterday, while still reporting a decline in air traffic from the previous year. Passenger demand slumped 9.3 per cent year-on-year in May, while freight demand dropped 17.4 per cent, a relative improvement compared to the [...]
Q&A: RENTING June 25, 2009 Louise SavageDIRECTOR OF RESIDENTIAL LAND Q.Dear Louise, I have a buy-to-let mortgage from when I bought a property several years ago. I’m really worried I’m going to start losing money on it – is it worth holding on to the property as an investment or should I get out of the market completely? A. This [...]
As well as tennis, Wimbledon has south London’s most lavish home June 25, 2009 WHILE most of what’s said about SW19 involves tennis, and occasionally Wombles, there’s much to be said for Wimbledon as a place to live. As befits the home of the All England Tennis Club, it’sthe very height of leafy southwest London – genteel, classy and far enough from the centre of town to feel you’ve [...]
CITY MOVES WHO’S SWITCHING JOBS June 25, 2009 DLA Piper The law firm has elected Janet Legrand, an 18-year veteran of the firm, as senior partner. Legrand succeeds Peter Wayte, who retires at the end of June. She joined the firm in 1991 and specialises in commercial litigation. Her most recent high-profile cases include completing successful anti-corruption proceedings on behalf of the government [...]
Bland of brothers June 25, 2009 FilmRUDO & CURSICert: 15BACK in 2001, a low-budget Mexican film named Y Tu Mama Tambien, about a pair of teenage boys on a road trip with a beautiful older woman, became an unlikely international hit, and made a global star out of young actor Gael Garcia Bernal. Rudo y Cursi reunites Bernal with his former [...]
NOW SHOWING SIX OF THE BEST June 25, 2009 ART Walking In My Mind The Hayward Gallery’s exhibition of installations reflecting the interior world of the artist. FILM Telstar Actor Nick Moran’s directorial debut, about 60s music legend and all round fruit-loop Joe Meek. THEATRE Arcadia Tom Stoppard’s ingenious comedy, at the Duke of York’s Theatre. THEATRE The Mountaintop David Harewood stars as Martin [...]
