Putin triumphs in Russia vote March 4, 2012 But elections are marred by claims of widespread fraud VLADIMIR Putin laid claim to a dramatic victory in Russia’s presidential elections last night despite allegations of vote rigging by his opponents. With counting mostly complete, Putin was on course to claim between 58 per cent and 65 per cent of the vote last night and [...]
Taxing homes more isn’t the answer March 4, 2012 HERE is my factoid of the day: Italians have just replaced Russians as the top foreign buyers of prime central London properties, ending years of oligarch dominance, according to Knight Frank. The only reason the Greeks aren’t ranked higher is that there are too few of them. Analysts interested in predicting financial crises and unrest [...]
CITY MOVES | WHO’S SWITCHING JOBS March 4, 2012 Grosvenor Group Michael McLintock has been appointed as a non-executive director of the privately-owned international property group, effective immediately. Chief executive of M&G since 1997, five years after joining the investment firm, McLintock oversaw the sale of M&G to Prudential in 1999 and joined the latter’s board the following year. Already a trustee of the [...]
£33m: Blues count cost as AVB gets the bullet March 4, 2012 Villas-Boas becomes sixth Chelsea manager to be axed in Abramovich era, after eight months CHELSEA finally lost patience with manager Andre Villas-Boas yesterday, bring to an end an eight-month tenure that cost the club around £33m. Villas-Boas was sacked hours after Saturday’s defeat at West Brom delivered another blow to their hopes of returning to [...]
Indian manufacturing keeps booming as Chinese factories start to stabilise March 1, 2012 INDIAN manufacturing output growth slowed slightly in February, but remained above its long-term trend rates according to data published yesterday by Markit. Figures also showed recent declines in China’s manufacturing output slowed, indicating a brighter future for the economy. The purchasing managers’ index (PMI) figures came in at 56.6 in India, down from January’s eight-month [...]
Chevron in move to tap into Russia’s Arctic oil March 1, 2012 US oil major Chevron has held talks with a Russian government official in a bid to exploit some of the country’s Arctic oil reserves. The reserves are currently off limits for non-state corporations, but Russia’s Ministry of Natural Resources said the situation is under review. The statement came a day after Russian Prime Minister Vladimir [...]
Return of the Mayfair home March 1, 2012 It would be disingenuous to call Mayfair “up and coming” – after all, its prestige and attractions have drawn the world’s elite for centuries. But change is afoot: no longer just a haven for hedge funds, designer shops and the odd rich Russian resident, Mayfair’s stock of residential property is rocketing as offices are converted [...]
From Russia with fusion food February 27, 2012 Novikov 50a Berkeley Street, W1J 8HA T NW1 7JN , Tel: 020 7387 5277 FOOD *** SERVICE *** ATMOSPHERE **** Cost per person without wine: £50 It’s Russian, it’s huge, it’s in Mayfair and it has doormen inside and out, guarding its two restaurants and thumping bar. To me this sounded dubious, a blingy hangar [...]
WHAT THE OTHER PAPERS SAY THIS MORNING February 23, 2012 FINANCIAL TIMES LONDON STOCK EXCHANGE DRAWS FIRE OVER BORSA SYNERGIES The LSE’s takeover of the Milan bourse five years ago “has not fulfilled expectations either in Italy or London” in terms of stimulating cross-border capital flows or increased investment in Italian companies, the Italian securities regulator has claimed. QUINN CASE THROWS LIGHT ON IRISH BANKING [...]
DAVID CAMERON PERFORMS BONUS U-TURN AT TOP BUSINESS SUMMIT February 23, 2012 TO MANSION House for a royal visit from HRH the Prince of Wales and Prime Minister David Cameron, who were all there for the Business in the Community summit. Cameron used his speech to claim that big business was a “powerful force for social progress” and to launch a scathing attack on “anti-business snobbery”. But [...]