Crossrail to be run by Hong Kong Metro operator MTR beating British rail firms to £1.4bn contract July 18, 2014 Hong Kong transport company MTR has been awarded the lucrative contract to run London’s new Crossrail train service by Transport for London. MTR already runs London Overground in a partnership with British firm Arriva, which it triumphed over in the bidding. Keolis with partner Go Ahead and National Express were also in the running. The [...]
UK house prices in graphs: London sees 50pc rise in the number of high-end properties on sale July 15, 2014 The number of homes entering the market at above £500,000 rose by almost 30 per cent in the UK and 50 per cent in London in the last 12 months. According to research by Experian, houses between £250,000 and £500,000 rose by 16 per cent over the last year, putting volumes for both at their highest [...]
British Land wins second tenant at London’s Marble Arch House July 14, 2014 BRITISH Land said yesterday it has secured its second letting at Marble Arch House in the West End after signing a deal with an industrials group owned by the Ukrainian-born US tycoon Len Blavatnik. Access Industries, which also operates from New York and Moscow, has signed a ten-year lease for all 4,500 square feet on [...]
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 [...]
F1 hasn’t worked: QPR owner Tony Fernandes quits formula one with Caterham sale July 3, 2014 QPR owner Tony Fernandes has sold his struggling Caterham Formula One team, bringing to an end to the Malaysian millionaire's failed foray into motor racing. The Oxfordshire-based F1 team has been sold to an unnamed consortium of Swiss and Middle Eastern investors, it was announced yesterday, with retired Dutch driver Christijan Albers taking over its [...]
City Moves for 27 June 2014 | Who’s switching jobs June 26, 2014 Deloitte Real Estate Deloitte’s real estate business has promoted five to partner. Jamie Olley (pictured) works in its City investment team. Mathew Evans-Pollard works in planning and development, Mike McChesney in lease advisory, Leonie Oliva in planning and Guy Palmer in procurement. Squire Patton Boggs The law firm has appointed Andrew Walker as UK head of [...]
Stagecoach meets expectations as confidence in buses grows June 25, 2014 Stagecoach has announced financial results in line with the company's expectations for the year ended 30 April. Profit before taxation was in line with analysts’ forecasts of £180m. The FTSE 250 company's performance in the UK was was boosted by new contract wins in London and solid cost control. North American business has been booming, [...]
What the other papers say this morning – 25 June 2014 June 24, 2014 FINANCIAL TIMES China’s new plan to rival World Bank China is expanding plans to establish a global financial institution to rival the World Bank and the Asian Development Bank, which Beijing fears are too influenced by the US and its allies. In meetings with other countries, Beijing has proposed doubling the size of registered capital [...]
George Osborne’s HS3 high speed rail link criticised as vanity project June 23, 2014 Chancellor George Osborne’s plan for a High Speed 3 rail link between Manchester and Leeds in the north of the country has been dubbed a “costly vanity project” by a leading economic think tank. The Institute of Economic Affairs (IEA) yesterday accused the chancellor of “concocting” a headline-grabbing plan ahead of the election in 2015, [...]
We take the Aston Martin Vanquish to Dartmoor June 23, 2014 It’s the tail-end of dusk in Devon and silence is broken. Thundering down the twisting A382 from Exeter to Chagford, an ancient tin-mining town set on the upper reaches of southern England’s most rugged terrain, Dartmoor, the Aston Martin darts into a private road. Its V12 echoes through a dark tunnel of trees, skimming the [...]