Hammerson to present revised proposals for Whitgift Centre October 22, 2012 HAMMERSON will this week reveal revised plans for the redevelopment of Croydon’s Whitgift Centre, stepping up its battle with rival Westfield over the highly-contested shopping mall. The developer will return to Croydon council’s strategic planning committee with amended proposals for the tired 1960s mall on Thursday before submitting a planning application in December. Westfield submitted [...]
Bosideng London founder Mr Gao is a man with a plan October 21, 2012 THE LAST time you walked on South Molton Street you would have gone past The Hog in the Pound, a not especially enticing-looking pub that sat at the top of the famous road where it meets with Oxford Street. Walk there today and it looks completely different. Let’s just say it’s had an upgrade; £25m [...]
What the other papers say this Morning October 18, 2012 FINANCIAL TIMES ArcelorMittal explores iron ore sale ArcelorMittal is exploring the sale of a stake in its $10bn Canadian iron ore business, as the world’s biggest steel company struggles to cope with the downturn in its key commodity. People familiar with the matter said ArcelorMittal had appointed advisers and had been sounding out potential buyers [...]
Boost for GDP as retail sales bounce back October 18, 2012 RETAIL SALES climbed in September, data showed yesterday, defying their flat long-term trend. Sales volumes grew 0.6 per cent between August and September, the Office for National Statistics said, after a 0.1 per cent fall between July and August. This means 2.5 per cent more goods are being sold than a year before. The amount spent [...]
Positive Chinese data sees the FTSE grow to highest level since March October 18, 2012 BRITAIN’S top share index rose to a seven-month closing high ysterday, bolstered by mining stocks on a reassuring economic outlook from top metals consumer China. Chinese economic growth slowed to 7.4 per cent year-on-year during the third quarter, as expected, but industrial output and retail sales data for September beat forecasts, paving the way for [...]
Jobs are the one good news story in an otherwise gloomy UK October 17, 2012 REMEMBER all those people predicting that unemployment would rocket because of austerity? How the private sector would never be able to compensate for the cuts in the public sector’s workforce? Fortunately, it turns out that the doom-mongers got it wrong. The economy is hardly in a good state, of course, and tragically far too many [...]
City A.M. Awards 2012 Winners October 17, 2012 City A.M.'s third annual awards celebrating the best and brightest of London's business, financial and investment communities. Over 500 guests from 116 different firms attended the celebration, held at the Grange Hotel in St Paul's. PERSONALITY OF THE YEAR Lord CoeLocog chairman Former Olympic middle distance runner and politician Lord Coe was a clear stand-out [...]
Why Osborne has targeted the wrong kind of spending cuts October 16, 2012 HERE is the truth about the cuts so far, courtesy of the Office for Budget Responsibility (OBR). The deficit is down by about a quarter from its peak over the past two years, though it has increased again since the start of the current fiscal year. Looking just at 2010-11 and 2011-12, two thirds of [...]
City Moves | Who’s switching jobs October 16, 2012 Saffery Champness Ben Melling has been appointed partner in the accountancy firm’s London office. He joins from Rawlinson & Hunter, where he spent eight years as a partner. Melling also worked for Grant Thornton for 18 years, and was appointed to the partnership in 2000. Deloitte The business advisory firm has announced two senior appointments [...]
What the other papers say this morning October 14, 2012 FINANCIAL TIMES Tories plot cash-for-seats offer Senior Conservatives are plotting an audacious “cash-for-seats” offer to Nick Clegg, where the Liberal Democrat leader would back a Conservative-friendly Commons boundary review in exchange for millions in state funding for his party. US woman takes on banks over Libor A pensioner whose home was repossessed is taking on [...]