September is a month of hot openings September 14, 2011 GOING OUT THIS week saw one of London’s most auspicious and historic private members’ clubs magnificently unveiled. The Arts Club has reopened on Mayfair’s Dover Street and looks set to take the Big Smoke by storm. Founded in 1863 by a small group of friends including Dickens and Trollope; this most recent incarnation is likely [...]
Boom wins Tour of Britain stage September 13, 2011 CYCLING: Britain’s Mark Cavendish goes into today’s fourth stage of the Tour of Britain three seconds behind Lars Boom after the Dutchman won yesterday in Stoke. Rabobank rider Boom pipped Team Sky’s Alex Dowsett in a 140km stage not suited to sprinters like Tour de France green jersey winner Cavendish.
Healthcare technology is ready for an upgrade September 12, 2011 THE UK’s healthcare technology companies are producing some the world’s most innovative devices, turning profits and making the world a healthier place. However, the UK’s healthcare system does them a disservice, restricting them from punching even further above their weight. EXCITING PRODUCTS With a market capitalisation of $5.1bn (£3.22bn), Smith and Nephew stands head and [...]
CITY MOVES | WHO’S SWITCHING JOBS September 11, 2011 Merchant Securities The financial services group has appointed Dr Navid Malik as head of life sciences equity research. Malik joins from the investment banking arm of Matrix Group, where he was partner and head of life sciences research. Prior to that, he was a senior equity analyst for Collins Stewart and Williams de Broë, covering [...]
TRAVEL NOTES September 11, 2011 Snowy winter relaxation in the Pyrenees Classy Spanish boutique hotel specialist Hospes Hotels has launched a new winter package at its hotel in the mountains, Hospes Villa Paulita. An original 19th century art nauveau family mansion, it sits above the Pyrenees snowline on the shores of a beautiful lake, and is equipped with its own [...]
Facebook bolsters IPO hopes with $500m first-half profits September 7, 2011 SOCIAL network Facebook’s revenue doubled to $1.6bn (£1bn) in the first half of the year, it emerged last night. Net income in the first half of 2011 came to almost $500m, according to Reuters. The figures underscore the site’s appeal to advertisers while it grapples with intensifying competition from the likes of Google and looks [...]
SPORT | IN BRIEF September 7, 2011 Russia hockey stars among crash fatalities ICE HOCKEY: A leading professional ice hockey team was on board a Russian plane which crashed on take off yesterday, killing 43 people. The plane was carrying the Lokomotiv team, who play in the Kontinental Hockey League, whose website confirmed that Canadian coach Brad McCrimmon and Czech Republic internationals Jan Marek [...]
INVESTING IN THESE TIMES OF INFLATION September 7, 2011 INFLATION can seriously erode the value of your wealth, so investing wisely is imperative. While the current outlook sees interest rates on hold for longer, inflation continues to surprise on the upside. UK GDP grew a measly 0.2 per cent over the last quarter and data released yesterday showed industrial production contracted in July after [...]
CITY MOVES | WHO’S SWITCHING JOBS September 6, 2011 Emap International Duncan Painter has been appointed as chief executive of the publisher and events business to replace David Gilbertson, who stepped down in May. Painter is currently managing director of the BSkyB subsidiary Sky IQ, which provides customer intelligence services to BSkyB and FTSE 100 firms including Centrica and Zurich Financial Services. Previous roles [...]
Why more QE would be wrong for UK September 2, 2011 IT is not looking good for the global economy, with manufacturing output slowing or contracting in most countries, including Britain. There is growing talk that the Bank of England could launch a fresh round of quantitative easing as early next week. If so, that would be a mistake. The British economy faces many challenges but [...]