Boris Johnson avoids talking tennis by pulling on his sparring gloves July 24, 2014 It looks like the “will he, won’t he” tennis match between Boris Johnson and the Chernukhins (the Russian couple who paid £160,000 at a fundraiser to play BoJo and David Cameron) will go ahead, after Boris said he was going to get in training for it yesterday. Now we think we know how he’s getting [...]
London property market: So you think you know Chelsea? July 24, 2014 Everyone thinks they know Chelsea. Even if you don’t live there, you have an idea of it. The term Sloane Ranger was used in the 80s to describe a certain breed of socialite that lingered around the King’s Road, and reality TV show Made in Chelsea has brought the stereotype back into the public eye. [...]
Will financial sanctions on Russia significantly damage the City of London? July 24, 2014 Rob Wood, chief UK economist at Berenberg Bank, says Yes. Russia’s economy matters, even for the UK where only a small fraction of financial services activity is tied directly to Russia’s fragile petro-economy. The UK economy dances to the beat of world events because of confidence, uncertainty and financial market spillovers. The crisis in the [...]
City Moves for 24 July 2014 | Who’s switching jobs July 23, 2014 Mayfair Capital Investment Management The UK real estate investment manager has appointed Jonathan Gibbon as investment director. He was most recently head of UK transactions at Aberdeen Asset Management. Gibbon will work alongside Guy Brodgen, Mayfair Capital’s co-founder, in leading its transaction business. BCS Financial Group Matthieu Ressencourt has been appointed managing director and head [...]
British Airways continues Israel flights as US and European airlines suspend operations July 23, 2014 British Airways is one of the only major European airlines still flying into the Israeli airport Ben Gurion in Tel Aviv. A number of major US and European carriers have suspended flights to the country after rockets from Gaza were fired closed to the airport raising safety concerns. BA’s twice daily flights to the destination [...]
Putin has exposed a chilling truth about the West: It no longer exists July 22, 2014 Somehow Europe’s leaders have managed to undershoot even my subterranean expectations. Ahead of an EU foreign ministers meeting yesterday to plan a common response to the Malaysia Airlines atrocity, leaks made it all too clear that this whole process would not amount to much. But the results – even for the EU – are almost comically [...]
London Report: FTSE rises as rebels move to hand over MH17 black boxes July 22, 2014 THE UK’S top equity index rallied yesterday, lifted by technology group ARM, which rose after posting higher profits. The FTSE 100 added 66.90 points or 0.99 per cent to 6,795.34, while other global markets also moved higher on news that pro-Russian rebels in Ukraine had complied with western requests to hand over the black box [...]
EU could impose new hard-hitting sanctions on Russia by Thursday July 22, 2014 European foreign ministers failed to agree on fresh hard-hitting measures aimed at the Russian economy today, however new sanctions including capital restrictions could be announced by Thursday if Moscow does not cooperate on the MH17 crash investigation. Under growing pressure from the US, which says plane was brought down by a surface-to-air missile fired by pro-Russian [...]
Coca-Cola share price slides as profits miss expectations July 22, 2014 Coca-Cola saw its shares slide as much as 4.2 per cent in early trading this afternoon after its second quarter results showed profits were down on last year. Profits fell to 58 cents a share from 59 cents a year earlier, a drop from $2.67bn to $2.59bn. Revenue was also down, falling one per cent [...]
MH17 plane crash: Russia sanctions will hit City Cameron warns July 21, 2014 David Cameron and George Osborne have warned the City of London to brace itself for a financial hit as they prepare to push for tough financial sanctions on Russia in the aftermath of the MH17 disaster. Speaking in the House of Commons yesterday, the Prime Minister referred to the downing of the Malaysian airlines flight, [...]