Businesses hit by riot threat August 8, 2011 BUSINESS groups in London warned yesterday that ongoing riots in the capital could add to the UK’s economic woes, as more high street stores were vandalised and looted by rioters. The British Retail Consortium (BRC) reacted strongly to the outbreaks of vandalism, saying struggling shops would be hit hardest by the damage. “Clearly, with high [...]
Asia to lead the way in the next wave of stock exchange mergers August 8, 2011 EMERGING markets will lead the way in the next wave of exchange mergers, according to a new study by PwC. The firm says high operating leverage and heightened competition have suppressed margins across the sector, paving the way for M&A activity. Share trading has rocketed by a fifth in Asia over the last decade, while it [...]
Miller deals a dose of reality to Allardyce August 7, 2011 WEST HAM UTD (0) vs CARDIFF CITY (1) WEST HAM manager Sam Allardyce lamented some wasteful finishing as his tenure began with a dispiriting last-minute defeat against Cardiff. A summer of steady and shrewd investment saw the Hammers installed as pre-season favourites to make an instant return to the Premier League, following their relegation in [...]
Deutsche Post ups forecast August 2, 2011 Deutsche Post nudged up its 2011 outlook as it cut costs and garnered more customers seeking supply chain services. As the economy improves, manufacturers of machine parts, cars and other goods ramp up production and pay Deutsche Post to transport parts and finished products. Europe’s biggest express delivery and mail company said on Tuesday it [...]
Gold hasn’t hit the top as debt remains a risk August 1, 2011 PRESIDENT Obama’s deal on debt pushed gold off its record high, but it bounced back sharply. Now is not the time to sell, as over the foreseeable future the ongoing US and Eurozone debt crises will see it break new highs. BOUNCING BACK On Friday, gold hit a record high of $1,632.30/oz, but on Monday [...]
WOULD YOU LIKE A WILL OR DIVORCE WITH THAT? July 28, 2011 WHEN the Legal Services Act was announced last year, it was quickly dubbed the Tesco law, due to rumours it could encourage supermarkets to start offering legal services to their customers. But come Monday the moniker may have to be altered. Despite news this week that the Act could be delayed until the end of [...]
Don’t compare this to Marshall Plan July 21, 2011 PERHAPS the worst element of yesterday’s proposals to rescue the Eurozone was the attempt to rebrand the exercise as a new Marshall Plan for Greece. It is the kind of propagandistic nonsense that would have made George Orwell’s Ministry of Truth proud. The Marshall Plan was intended to help Western Europe survive the post-Second World [...]
Great Portland boosts its NAV July 21, 2011 GREAT Portland Estates (GPE) said the value of its property assets increased by 3.8 per cent in the first quarter this year, driven by demand for West End offices and near-term development schemes. The London property developer said its portfolio valuation increased by £58.4m to £1.6bn in the three months through June. Net asset value [...]
Mobile phone internet searches more than treble, boosting UK’s retail sector July 17, 2011 SHOPPERS’ internet searches from mobile phones and tablets more than trebled in the second quarter of the year, as booming online sales offer some hope to the UK’s retail sector. Mobile retail searches were up 216 per cent annualised, driving the total number of retail searches up by 27 per cent. “Volumes were down in [...]
QPR complete double swoop July 13, 2011 FOOTBALL: Premier League new-boys QPR have completed the signings of England internationals Jay Bothroyd and Kieron Dyer. Bothroyd, who made his England debut last November, joins on a free from Cardiff while Dyer, whose career has been beset by injuries, was released by West Ham a the end of last season. Meanwhile, west London rivals [...]