WHAT THE OTHER PAPERS SAY THIS MORNING January 3, 2012 FINANCIAL TIMES MINISTER ATTACKS GREEN LOBBY The climate change minister has rounded on the “environmental Taliban” of green campaigners, insisting they are wrong to accuse the government of abandoning its commitment to a low carbon agenda. Greg Barker said: “There is nothing environmental about exporting manufacturing jobs abroad.” Barker has led the contentious efforts to [...]
Bidders tune in for fire sale of HMV Live January 3, 2012 THE EVENTS group behind the Reading, Leeds and Latitude festivals is set to battle investment group Oakley Capital for the live music arm of ailing retailer HMV. City A.M. understands Festival Republic, run by Melvin Benn, is interested in a deal and could make a move in a matter of days. There is no guarantee, [...]
Commuters return to hike in train prices January 2, 2012 COMMUTERS returning to work today have been hit by yet another hike in rail fares, after the average ticket price rose by 5.9 per cent with the new year, sending season tickets rocketing. The increases will see the average single ticket rise from £5 to £5.30, and season passes for some popular commuter routes rise [...]
That was the year that was January 2, 2012 22 FEBRUARY The revolution in Libya was the most striking incarnation of the Arab Spring, which also toppled leaders in Tunisia and Egypt. Just eight months later, Colonel Gaddafi was killed, while his family were captured or exiled. 14 MARCH With a death toll near 16,000, the Japanese earthquake and tsunami was truly devastating. Disrupted [...]
PROPERTY NEWS December 22, 2011 SAVILE ROW LEASE SOLD TO JOINT VENTURE Great Portland Estates has exchanged contracts to sell the long leasehold interest in 28/29 Savile Row to a joint venture between Aerium Finance and Allied London for £16.25m. The deal, which works out at £1,017 a square foot, is for a basement, ground and five upper floors. The [...]
20 of the world’s largest donors December 21, 2011 1 BILL AND MELINDA GATES FOUNDATION US The William H Gates Foundation was created in 1994 to work to improve global health. Created with an original stock gift of $94m (£60.5m), the foundation merged with the Gates Learning Foundation in 2000 to create the Bill and Melinda Gates Foundation. The largest philanthropic organisation in the [...]
Banking reform should rule out more bailouts December 21, 2011 THE rescue of Northern Rock, and the subsequent injections of taxpayers’ money into RBS and the forced merger of HBOS and Lloyds, stemmed from a clear failure of Ed Balls and Labour’s tripartite regulatory structure for financial services. And when a Liberal Democrat trade secretary and a Conservative chancellor came together to try to agree [...]
Banks fuel FTSE gains after Lloyds upgrade December 21, 2011 Banks led London’s blue chip index up in early trading – tracking gains in Wall Street and Asia. Exane BNP Paribas upgraded Lloyds to trigger a rise in the sector which has had a torrid year with the Eurozone debt crisis taking its toll. Lloyds was up 4.3 per cent as Exane BNP Paribas upgraded [...]
Preparing for flawless execution: BT takes on the Olympic challenge December 20, 2011 COUNTDOWN TO THE LONDON 2012 OLYMPIC GAMES 219 DAYS TO GO Gavin Patterson, BT Retail chief executive, explains why his firm is the communication partner at the Games Q. WHAT WAS YOUR BRAND’S PRIMARY REASON FOR BEING INVOLVED WITH THE GAMES? A. We went through a rigorous exercise where we looked at what impact it [...]
COCKTAILS AT DAWN AS MAHIKI BRINGS POLYNESIAN FUN TO DUBAI December 19, 2011 IT WAS strictly guest-list only at last night’s opening party for Mahiki Dubai. “We are expecting 500-plus and queues out of the door,” said a spokesperson for the club, which opens to the public today in the basement of the Jumeirah Beach Hotel. The Jumeirah is a venue “completely given over to the pleasures of [...]