Clapham goes Overground December 9, 2012 THE LATEST extension to the Overground opened yesterday, completing an orbital rail route around suburban stations but marking the end of some direct services into central London. The extension from Surrey Quays in the south east to Clapham Junction in the south west creates the capital’s first orbital railway in 128 years. But the opening [...]
Our at-a-glance guide to Osborne’s mini-Budget December 5, 2012 THE UK ECONOMIC OUTLOOK ■ The Office for Budget Responsibility (OBR) has revised down its forecast for UK growth and revised up its forecast for public sector borrowing. It says the government is no longer likely to meet its target of reducing debt as a proportion of GDP in 2015-16, breaking its supplementary fiscal rule. [...]
Now you can be your own Lord Grantham November 29, 2012 YES, “DOWNTON Abbey” has ended, and unless Julian Fellowes has one last trick up his sleeve, all that remains are memories and DVD box sets. But for anyone seeking to live out his or her fantasies of being a Crawley, all hope is not lost. Gothic Victorian architecture, the style of Highclere Castle, is a [...]
Chelsea risk wrath of fans with Benitez appointment November 21, 2012 CHELSEA last night turned to former Liverpool manager Rafael Benitez and Blues favourite Didier Drogba to save their crumbling season, after sacking European Cup winner Roberto Di Matteo. Benitez has been appointed “interim first team manager” until the end of the season, after flying in from Abu Dhabi yesterday to tie up the shock move, [...]
New chair for British Land as profits increase November 20, 2012 BRITISH Land, the UK’s second-largest property company by market value, said yesterday that its chairman will step down at the end of December, as it reported a solid growth in profits for the first half of the year. Underlying profit before tax at the real estate investment trust rose 3.8 per cent to £137m in [...]
Cash boxes explained November 19, 2012 Q What is a cash box placing ? A A cash box placing allows a company to issue new shares by bypassing pre-emption requirements – meaning without shareholder approval – provided they are issued for a non-cash consideration, such as the shares of another company. Q How does the structure work? A The listed company [...]
America’s energy renaissance will transform China as well November 12, 2012 SOMETHING extraordinary is happening to the global economy, with huge implications for geopolitics and international flows of trade and capital. The United States has engineered an energy renaissance: while it currently imports 20 per cent of its total energy consumption, much of it from the Middle East, America will become roughly self-sufficient in net terms [...]
City facing new jobs bloodbath November 5, 2012 THE NUMBER of jobs in the City is set to hit a 20-year low as London firms continue to lay off staff in the face of ongoing economic turmoil. City A.M. has been given exclusive access to figures from the Centre for Economics and Business Research (CEBR) – and the prognosis for London’s financial services industry [...]
What the other papers say this morning October 31, 2012 FINANCIAL TIMES Small TNK-BP investors left in doubt Igor Sechin yesterday added to concerns about investor rights in Russia when the Rosneft chief executive said the state-controlled oil group had no obligation towards minority investors in TNK-BP. He was speaking as Rosneft moved ahead with plans to buy TNK-BP, Russia’s third-largest oil producer, in a [...]
East Oxford Street prepares for major high street regeneration October 30, 2012 THE ARRIVAL of Crossrail and the regeneration of Tottenham Court Road is set to double spending growth in the area by £448m over the next 12 years, according to a report commissioned by the New West End Company. The east end of Oxford Street has struggled over the years to shake off its image as [...]