What the other papers say this morning November 14, 2012 FINANCIAL TIMES Government to delay welfare reform The government is prepared to delay its flagship welfare reform amid fears the complex changes may need to be more thoroughly tested before being extended to all benefit claimants. Universal credit, under which six benefits will be incorporated into a single payment, lies at the heart of a [...]
Workspace plans Tower Bridge building as pre-tax profits soar November 13, 2012 WORKSPACE yesterday posted better-than-expected half year results, driven by strong tenant demand for its trendy London office space and its focus on asset management. The company, which provides offices to some 4,000 businesses such as Moonpig, as well as the Metropolitan Police, became a stock market darling after posting stellar annual results in May and [...]
Inflation on the way up again as energy bills and tuition fees strike November 11, 2012 INFLATION will be back in the spotlight tomorrow when official figures are released, followed by the Bank of England’s quarterly Inflation Report on Wednesday. While the Consumer Price Index (CPI) fell to 2.2 per cent in September, it is expected to increase again due to rising tuition and energy bills. “We expect the CPI to [...]
A furniture retailer who rejects the high street November 11, 2012 I MEET Ning Li at Made.com’s new showroom in Notting Hill. I’m assured it’s not the online company’s first step towards being just another high street furniture retailer, but a new way to “engage with customers”. Indeed, Li believes Made.com’s success hinges on its deliberate avoidance of the high street for exclusively online retailing. Growing [...]
David Montgomery eyes Lepe back into the newspaper world November 8, 2012 It would be no exaggeration to say that the boutique investment banks are hurting due to the dearth of deal activity but in their favour they have increased their market share of deals and every so often they pop up quite spectacularly when one is least expecting them. Hence when BP bought (and then later [...]
The most eligible people in the City: Tatler’s Little Black Book for 2012 November 7, 2012 ANNABEL’S private members’ club in Mayfair was where the most eligible people in the land gathered yesterday evening, in order to celebrate the publication of Tatler’s Little Black Book. The Capitalist was pleased to spot some City names on the inaugural most wanted list, and indeed just as many business bachelorettes as bachelors gracing the [...]
London & Stamford in merger talks November 6, 2012 LONDON & STAMFORD, the property firm run by industry veterans Patrick Vaughan and Raymond Mould, is to merge with retail landlord Metric Property Investments. The pair yesterday said talks were “in advanced discussions” which, if successful, will lead to London & Stamford’s shareholders owning a 75 per cent share of the enlarged company and Metric [...]
Royal London balances out mixed results November 6, 2012 ROYAL London Group, the biggest mutual life and pensions group in the UK, yesterday revealed flat new business growth for the year, with slower inflows for its fund managers offset by increased business for its pension and protection arms. The company, comprised of eight separate business, said total new life and pensions business flatlined at [...]
British fashion reaps rewards at industry gongs November 6, 2012 The 2012 Global Fashion Awards was a very British affair this week. The annual event, which celebrates the best in fashion and retail across the world, saw many British companies walk away with several of the big awards. Victoria Beckham was one of the biggest winners of the night, beating stiff competition from the likes [...]
FTSE 100 edges up as investors bide time before US election November 6, 2012 The leading share index was up this morning on a wave of corporate earnings releases, although trading was expected to be subdued as investors bided time before the closely-fought US election today. G4S and Marks & Spencer were risers on the FTSE 100 this morning, as they released positive trading updates. On the FTSE All-Share, [...]