Mix it up: Absinthe cocktail is cultural gem in heart of Mayfair October 15, 2013 @philip_salter OLD HABITS die hard. But after more than a decade in London, I’ve finally managed to offload most of the dingy pubs, sleazy bars and uninspiring restaurants that I frequented when I first landed in the capital. It’s time you did the same. Let those dodgy establishments serving stale beer and saccharine cocktails slip [...]
Gold prices fall to three month low and set to go lower October 15, 2013 Gold fell to its lowest point in three months on Tuesday as US policy makers came closer to reaching a deal to avoid default on October 17. US Senate majority leader Harry Reid, after talks with his opposite number Mitch McConnell on Monday, said they had made "tremendous progress." Spot gold fell by 1.2 per [...]
Investors cheer as Dixons pays €25m to solve Italian problem October 10, 2013 DIXONS Retail, Europe’s second-biggest electrical goods retailer, yesterday agreed to pay €25m (£21m) to merge its loss-making UniEuro business in Italy with a firm controlled by private equity group Rhone Capital. Dixons’ plan is to focus on markets where it has a leading position and combined stores and internet business, such as the UK, Nordics [...]
Gold prices to continue losses to 2014 says Morgan Stanley October 10, 2013 Morgan Stanley has forecast a continues further fall in the price of gold into 2014 as the Federal Reserve begins the process of tapering its bond buying programme. Morgan Stanley analyst, Joel Crane, speaking in a video report said: We recommend staying away from gold at this point in the cycle. Our forecast profile heading [...]
Mix it up October 8, 2013 @philip_salter I’VE just found out it’s National Inclusion Week. Nobody told me so I’m feeling rather left out. It’s also National Curry Week, and no doubt a dozen other “Weeks” that are busy passing us all by. One worth taking note of though is hosted in this great city of ours; in fact, in my [...]
The charitable venture that grew into a thriving firm October 6, 2013 Annabel Palmer talks to the founders of Hire Space – London’s online venue rental business THE PUBLIC has grown increasingly comfortable with the notion of sharing assets – homes, cars, hairdressing skills – and buying second hand products through websites like eBay. Airbnb, the San Francisco-based holiday rental website and sharing pioneer, for example, was [...]
Foodie who hit the ground running September 29, 2013 Annabel Palmer talks to David Moore, the restauranteur behind London’s Pied a Terre THE GLOBAL restaurant industry is forecast to increase in size by 7.2 per cent over the next three years, rising from total revenues of $2.45 trillion (£1.53 trillion) in 2011 to $3.48 trillion by the end of 2016. And in the UK, [...]
Elephant trekking, luxury and great Thai food September 29, 2013 This luxury beach resort was devastated by the 2005 tsunami. Now it’s back and better than ever THE PERFECT way to end an unforgettable afternoon spent trekking through the jungle trails of Khao Sok National Park in Phuket, Thailand is to give a leathery, old elephant a sunset bath. With Bauthong (lotus flower) repeatedly submerging [...]
Bonuses under threat as Icap is fined over Libor September 25, 2013 LONDON-BASED interdealer broker ICAP was yesterday fined £54m by US and UK regulators after 10 of its staff were involved in attempts to fiddle yen Libor from 2006 to 2011. The bill is expected in part to be paid by staff who will face a much lower bonus pool this year as a result. Three [...]
ICAP to pay out £55m for manipulation of benchmark interest rate September 25, 2013 Broker-dealer ICAP will pay out $65m (£40m) to settle a civil probe by the US CFTC into its alleged role in manipulation of a key interest rate (release). That brings the total payout to £55m with the UK FCA pay out included. Earlier this year ICAP said none of its senior management were ever aware [...]