Cars and aircraft could be next target for Russian sanctions August 19, 2014 Russia could hit back against Western nations with bans on imported cars if the US and the EU and introduce additional sanctions, Russin newspaper Vedomosti has reported. Russia's involvement in Ukraine has already led to a host of sanctions being imposed, including measures against the energy and finance sector and travel bans for top officials. [...]
Film Review: The Expendables 3 August 14, 2014 “Why don’t you cut me loose and I’ll open your meat shirt and show you your own heart” – In another universe this could be poetry. In actual fact the line comes from the resolutely unpoetic gob of Mel Gibson, who sits trussed-up in a military plane flying somewhere over “Uzmenistan”, a fictional country dreamt [...]
City Moves for 08 August 2014 | Who’s switching jobs August 8, 2014 Marriott Harrison Daniel Jacob has been appointed corporate partner at the law firm. He joins from Pitmans, where he was head of the London corporate group. Jacob specialises in investment, M&A, and restructuring work, with a particular focus on the hotel, leisure and technology sectors. Mitsubishi UFJ Securities International The investment banking arm of the [...]
Car makers up forecast for 2014 sales as economy accelerates August 6, 2014 BRITAIN’S motor industry yesterday raised its forecasts for 2014 sales, after strong first-half sales, predicting 2.45m new cars would be sold this year, 8.1 per cent more than in 2013. The Society of Motor Manufacturers and Traders (SMMT) had previously forecast sales would grow just over six per cent. But sales so far this year [...]
Keydata founder Stewart Ford to sue City regulator for £370m August 3, 2014 Stewart Ford, the founder of Keydata Investment Services which collapsed in 2009 after the City regulator said it was insolvent and had broken tax rules, is threatening to sue the Financial Conduct Authority (FCA) for £371m. Ford wrote to the FCA last week, warning that he intended to begin legal action over the losses he [...]
US corporate results round up July 24, 2014 Recalls batter GM profits but Ford makes progress General Motors reported a much lower second-quarter profit yesterday due to numerous recalls and the expected cost of at least $400m for a compensation fund for those killed or injured by a defective ignition switch. Net income fell to $190m, from $1.2bn a year earlier. Meanwhile, smaller [...]
Transit vans to be sold in the US July 21, 2014 FORD plans to launch Transit vans in the USA next year, to replace the Econoline van series sold in the US since 1961. The first generation of Transit vans was sold in the UK in 1965, and over the decades they have become established in markets around the world.
Forget garden cities: This utopian ideal will never give us the houses we need July 17, 2014 Garden cities make for a fascinating debate, and it’s only set to intensify. The shortlist for the 2014 Wolfson Prize was released last month, and five plans for a new garden city edged closer towards winning £250,000. Earlier this year, the government announced that a 15,000-home garden city would be built at Ebbsfleet in Kent. [...]
UK house prices in graphs: For one London square metre you could buy a new car July 11, 2014 Buying a square metre of Kensington and Chelsea property now costs roughly the same as a new entry-level Ford Fiesta. With one square metre costing £10,854, the area is the most expensive local authority in the country to live in. According to data from Halifax, average house prices in this and six other London boroughs [...]
London Report: FTSE falls from highs on global growth jitters July 7, 2014 BRITAIN’S top share index retreated from a three-week high yesterday on concerns about the pace of global economic growth, with cyclical sectors such as miners and banks worst hit. The blue-chip FTSE 100 index ended 0.6 per cent lower at 6,823.51 points after climbing to its highest since early June in the previous session. The [...]