RULE BRITANNIA… with more than a little help from the Swiss February 3, 2011 ONE of the most striking timepieces produced by a watch company in the past year hasn’t been a watch at all, but a mechanical ship’s clock. Nor was it just the advanced technology behind the clock or the £40,000 price-tag that grabbed the attention. It was the fact that every inch of it, down to [...]
Dow and S&P close at a 31-month high February 1, 2011 THE Dow and S&P 500 closed at their highest levels since June 2008 yesterday and looked poised for more gains after strong earnings and signs of a surge in US manufacturing. Data showing improved factory activity and strong results from shipping company UPS, seen as a gauge for economic activity, bolstered the growing impression among [...]
WHAT THE OTHER PAPERS SAY THIS MORNING January 27, 2011 FINANCIAL TIMES POLICE TARGET “HACKTIVISTS” An online “hacktivist” group that brought down the websites of perceived opponents of WikiLeaks has itself become the target of an international police crackdown. The London Metropolitan Police arrested five men in connection with a recent spate of attacks by Anonymous, behind last month’s revenge assault on the websites of [...]
Christie’s announces record-breaking sales of £3bn January 27, 2011 AUCTION house Christie’s notched up £3.3bn of sales in 2010 – the highest total in its 244-year history – as the art market continued to defy the global slump. It was a year of record-breaking firsts for the auctioneer, with global sales up by 53 per cent. Pablo Picasso’s Nude, Green Leaves, and Bust fetched [...]
PROPERTY NEWS January 27, 2011 HOME MOVERS DESERT CITIES The rising cost of living is pushing city dwellers into suburbia and beyond, according to a house-moving website. Figures published by reallymoving.com show that significantly more people moved away from UK cities than moved to them in the last quarter of 2010. Canterbury and Cardiff were among the most popular areas [...]
European stocks drop as UK and Spain falter January 25, 2011 EUROPEAN shares fell yesterday, as confidence in Britain was shaken by an unexpected drop in fourth-quarter UK growth figures and with Spanish banks down on concerns new capital requirement rules may not be tough enough. Britain’s economy unexpectedly shrank 0.5 per cent in the last three months of last year, the first quarterly drop since [...]
BHP eyed as potash bidder January 18, 2011 MINING giant BHP Billiton might finally get its chance to buy part of a major potash producer after agribusiness Cargill yesterday signed a deal to sell off its majority stake in fertiliser producer Mosaic. Cargill plans to offload its 64 per cent stake in Mosaic, valued at about $24bn (£15bn), to free up cash for the [...]
What the other papers say this morning January 16, 2011 FINANCIAL TIMES RBS DIRECTOR TO STEP DOWN FROM BOARD One of the last Royal Bank of Scotland directors to remain on the bank’s board from the days of Sir Fred goodwin is poised to step down from his role. Colin Buchan, 56, a former UBS investment banker who until recently was chairman of RBS’s remuneration [...]
Bovis warns over weak mortgage volumes January 14, 2011 Bovis Homes expects full-year profit to come ahead of estimates on higher selling prices and plans to restart dividends, but the housebuilder warned of a subdued year ahead. “Mortgage approval volumes remain weak, with mortgage providers requiring high levels of deposit, particularly from first time buyers,” the company said in a statement. British homebuilders are [...]
BASILDON January 13, 2011 BEECHWOOD VILLAGE Price: £234,000 A contemporary four-bedroom home with style and eco-credentials. Its slick interior belies this property’s energy-efficient design which promises reduced carbon emissions and a sizeable dent in your energy bill. Leafy avenues, a cycle lane and an ecological park comprise this house’s idyllic environs. Contact: Swan New Homes on 08000 195005 or [...]