Currency wars and rate hikes: another year in emerging FX December 21, 2010 CHEAP money and attractive returns have seen investors plough their money into emerging market currencies. Yet hot money inflows have forced currency appreciation despite authorities’ best efforts at capital controls and other methods of weakening their exchange rates. Thanks to highly accommodative monetary policy in the West and efforts to remain competitive among the emerging [...]
Tube strike to hit west end sales December 20, 2010 London’s retailers could be severely affected by tube strikes on Boxing Day, the British Retail Consortium (BRC) has warned. Almost one fifth of retail spending takes place in the capital, providing 380,000 jobs, they said. And the strike could damage the industry at a crucial moment, as shops try to tempt customers ahead of the [...]
Property start-up close to buying Centre Point from administrator December 19, 2010 NEW property developer Almacantar is on the verge of buying the Centre Point skyscraper in the West End, according to sources close to the firm. Almacantar, which was set up by former Land Securities executive Mike Hussey in 2009, is set to announce as soon as today that it has entered talks with administrator Deloitte [...]
Cameron refuses to block Spurs Olympic stadium bid December 15, 2010 TOTTENHAM’S bid to move into the Olympic Stadium has received a double boost after Prime Minister David Cameron and the Premier League refused to stand in the way of the controversial plan. Cameron (right) declined when asked by David Lammy, the MP for Tottenham, to sign a petition demanding Spurs ditch proposals to move from [...]
HEDGIES FORK OUT FOR CHARITY AS LORD ARCHER HOSTS THE AUCTION December 13, 2010 HEDGE fund philanthropists had one of their biggest galas of the year this past weekend, thanks to a fundraiser by Hedge Fund Care, a fund chaired by Robert Mirsky that makes grants to charities fighting child abuse and neglect. 400 or so of the industry’s finest donned their finest blacktie and arrived for a three-course [...]
A new haven for gentlemen December 13, 2010 DESPITE the growing popularity of beauty products aimed at men, the prevailing wisdom in the grooming industry is that the majority of bloke-orientated creams, cleansers, colognes and aftershaves are bought for men by women. Some retailers put that figure as high as 70 per cent. While we’re more used to slathering ourselves in lotions and [...]
Twitter looks for office space in central London December 12, 2010 SOCIAL networking firm Twitter has sent a team to London to look at offices near the “silicon roundabout” on Old Street, it emerged yesterday. Executives from the California-based company have also scoped out office space in the West End as part of Twitter’s plan to open a hub in Europe. Twitter has been searching for [...]
Christmas comes early for Pardew December 9, 2010 ALAN PARDEW completed a sensational return to top flight management yesterday, and the latest incumbent of the Newcastle hotseat revealed his first task is to keep hold of star attraction Andy Carroll. This time last year, Pardew, 49, was preparing League One Southampton for the visit of Tranmere. Twelve months and a sacking later, and [...]
StanChart to hit record profit as bad loans fall December 9, 2010 Standard Chartered that it expects to post record income and profit for this year, helped by falling loan impairments and growth in consumer banking. Income in the second half of 2010 was expected to clock in at levels similar to the first six months, the bank said in an update posted on the Hong Kong [...]
Pardew set for St James’ appointment December 8, 2010 NEWCASTLE are today expected to anger fans by naming former West Ham and Charlton boss Alan Pardew as their new manager. Pardew, sacked by Southampton in August, is in line to succeed Chris Hughton, who was shown the door at St James’ Park on Monday. Hughton was a popular figure with the Magpies faithful, having [...]