East London is stormed by new bars November 3, 2010 APLETHORA of new bars are arriving from the East (or at least East of central). First up we have the new offering from Will Ricker’s group, Glo Glo (pictured below). This super cool Shoreditch bar is on Great Eastern Street but is perfect for cocktail lovers. One of a new breed of female mixologists is [...]
Job loss doom and gloom will help nobody November 2, 2010 YESTERDAY, the Chartered Institute of Personnel and Development (CIPD) warned the government’s austerity measures would cause 1.6m job losses, adding to the doom and gloom that surrounds the spending review. But their analysis ignores key facts. The Lamont-Clarke fiscal squeeze in the 1990s resulted in 600,000 public sector job losses, but this did not prevent [...]
The commercial property king who says the City is ready for take-off November 2, 2010 Land Securities’ chief executive leaps from behind his desk, bounding across his seventh floor office overlooking Trafalgar Square as he welcomes City A.M. – after years of stagnation, the country’s biggest property developer is on the move again – and it certainly seems to have put a spring in Francis Salway’s step. Last week, the FTSE [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 31, 2010 THE SUNDAYS The Sunday Telegraph MAUDE DEMANDS SERCO ANSWER Serco is to be ordered to explain to the government why it took the highly unusual step of writing to its leading suppliers to demand that they pay a blanket 2.5 per cent “cash rebate” on their work this year or risk losing future contracts. Serco, [...]
CITY VIEWS: WHAT WILL ONE NEW CHANGE MEAN FOR THE CITY? October 28, 2010 MARK WEBSTER | BT “It means I won’t have to spend my weekends shopping, as I can do it all in my lunch break. It’s interesting to see such a large project in these economic times, but from the crowds today it seems like it will be used.” JANDRE ELS | REDSTONE “It’s quite a [...]
Bid frenzy for WestLB as the deadline nears October 28, 2010 AILING German state-controlled lender WestLB, which has been put up for sale, has attracted the interest of several potential buyers, two people familiar with the bank said yesterday. Non-binding indications of interest have been handed to bankers at Morgan Stanley who have been commissioned to manage any sale. WestLB, which is partially owned by the [...]
Theatreland’s newest French fancy October 25, 2010 Les Deux Salons 40-42 William IV Street, WC2N 4DD Tel: 020 7420 2050 FOOD SERVICE ATMOSPHERE Cost per person without wine: £36 IF THOSE strikes across the Channel are thwarting anyone’s plans for an autumnal French sojourn, don’t worry – France has come to London instead. Les Deux Salons is the latest place to be [...]
Burlington Arcade is sold for £104m October 24, 2010 BURLINGTON Arcade, one of the world’s oldest shopping centres, has been sold to European real estate firm Meyer Bergman and US property tycoon Joseph Sitt for £104m, the pair said yesterday. The centre near Bond Street, which opened in 1918, will be Sitt’s first purchase in Europe through his investment vehicle Thor Equities. Thor will [...]
GOING OUT October 20, 2010 The most exciting launch on the way this Autumn has to be the brand new Hakkasan Mayfair, opening its doors on Bruton Street mid November. The tucked away Hanway Place original has been an amazing success since its launch nearly 10 years ago. Along with fine, modern Chinese cuisine it ushered in a new breed [...]
IMF issues warning over cuts October 20, 2010 Europe’s recovery is underway but governments must ensure necessary fiscal consolidation does not hurt jobs or growth and can be slowed in some cases if momentum stalls, the International Monetary Fund has said. Earlier this month, the Fund raised its growth outlook for the euro area to 1.7 per cent in 2010 and 1.5 per [...]