Broadgate victory is great first step June 15, 2011 IT is merely a small, symbolic victory in a much bigger battle against red tape but it is great news that Jeremy Hunt will today announce that he won’t be listing Broadgate Estate, as we reveal on our front page. English Heritage’s indefensible bid to protect this unexceptional complex around Liverpool Street station, built in [...]
BUREAUCRATS LOSE BROADGATE BATTLE June 14, 2011 VICTORY FOR CITY A.M. CAMPAIGN CULTURE secretary Jeremy Hunt will not save the Broadgate estate from demolition, City A.M. can reveal, marking a victory for our campaign against bureaucrats that wanted to protect the site. Hunt is expected to announce today that he is rejecting advice from conservation body English Heritage, which recommended that the [...]
Broadgate victory is great first step June 14, 2011 IT is merely a small, symbolic victory in a much bigger battle against red tape but it is great news that Jeremy Hunt will today announce that he won’t be listing Broadgate Estate, as we reveal on our front page. English Heritage’s indefensible bid to protect this unexceptional complex around Liverpool Street station, built in [...]
HSBC sells Russian consumer banking division to Citigroup June 14, 2011 HSBC has agreed to sell part of its Russian retail banking business to Citigroup in a deal valued at around $10.7m (£6.5m). The British bank said in April that it would quit its Russian retail operations, becoming the latest in a string of international lenders to pull the plug on consumer banking in the country. [...]
FTSE climbs as risk appetite returns June 14, 2011 London stocks are gaining ground this morning after heartening economic data from China led Asia to a positive finish overnight and boosted commodities. Energy and metals prices are rising after data showed China’s inflation rate remains high at 5.5 per cent. That rate was better than some expected, though, while retail sales data also showed [...]
Hugh Osmond snaps up power firm APR in deal worth £527m June 13, 2011 HUGH Osmond, the entrepreneur behind Pizza Express and Punch Taverns, is to buy US temporary power provider APR energy in an $855m (£527m) deal. Horizon Acquisition, a cash shell that Osmond floated on the alternative investment market in February 2010, announced yesterday that it will pay $395m cash and $495m in shares for a 59 [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 12, 2011 FINANCIAL TIMES FOREIGN BANKS AND GOVERNMENTS IN DESPERATE ASSAULT ON US TAX LAW Banks and foreign governments are mounting an increasingly desperate push against a sweeping US tax law that will force overseas institutions to report their American clients to the Internal Revenue Service. The Foreign Account Tax Compliance Act was passed by Congress last [...]
City honoured in the Queen’s birthday list June 12, 2011 BANK of England governor Mervyn King has topped a list of City figures recognised for their services to British business, banking and finance in the Queen’s birthday honours list. This year’s honours list is weighted heavily towards recognising the contribution of the City. This is partly due to it being seen as politically unpalatable for [...]
Mining shares rebound and oil stocks rise on supply fears June 9, 2011 MINERS rebounded from the previous day’s sharp sell-off to help push Britain’s top share index higher yesterday, while oil stocks tracked crude higher on supply fears. The FTSE 100 closed up 47.45 points, or 0.8 per cent, at 5,856.34, having bounced well clear of the session low of 5,795.00, although thin volumes exaggerated the index’s [...]
Architects cast an expert interior eye June 9, 2011 FREELANCE writer Elisa Wickham and her partner were faced with a debate two years ago when they began renovating the interior of their promising, but outdated shabby three-bed property in N7: Pay an architect to advise or go direct to a builder? “Neither us have any building abilities and we don’t have massive incomes so [...]