New East London warehouse for property company Segro September 16, 2013 The property investment and development company Segro has announced its acquisition of a warehouse in Barking, East London. The company purchased the site for £30m, and the purchase price of the warehouse represents a 6.9 per cent net initial yield. Segro view East London as an area with strong potential for expansion, given the vast [...]
City Matters: Britain’s seafaring past is still shaping the City’s culture and economy today September 15, 2013 WHEN people talk about the “City”, they often do so solely in terms of its banks – and financial services. These are a central element of what the City does, but this leaves out a whole side of the Square Mile that is just as important: the second thing we sum up in the handy [...]
Twitter’s float reminds us why we must privatise the Royal Mail September 12, 2013 COUNT on Twitter, that most modern of communication companies, to steal the thunder of the Royal Mail, an organisation founded by Henry VIII and now aiming to reinvent itself as a privatised, modern parcel delivery firm. For most of yesterday, the Royal Mail was the big story: the coalition confirmed the firm would be sold [...]
Lockheed Martin expands in Britain September 11, 2013 DEFENCE and technology giant Lockheed Martin plans to create 200 new UK jobs after its British arm won a $100m (£63.2m) IT contract with the new Nato headquarters in Brussels. Lockheed, which runs some of the Pentagon’s computer networks, said the roles will be spread across London and the south west of England. The company [...]
Battle lines drawn over HS2 rail link September 10, 2013 New report claims line will boost UK’s economy by £15bn …but critics remain unconvinced MINISTERS will today launch a fightback in support of the High Speed 2 (HS2) railway project – as a government-commissioned KPMG report claims the project would boost the UK economy by £15bn a year. Transport secretary Patrick McLoughlin will use a major [...]
Tokyo 2020 likely to be economic non-event September 10, 2013 Economic confidence in Japan has seen a boost from the announcement that Tokyo will host the Olympic Games in 2020. That enthusiasm could be misplaced, according to Capital Economics. Marcel Thieliant, Capital Economics: Tokyo’s hosting of the 2020 Olympic Games is unlikely to provide any material contribution to economic growth in Japan. Overall spending on [...]
Ministers insist High Speed 2 is worth building September 9, 2013 MINISTERS defended the controversial High Speed 2 (HS2) rail link between London and the north yesterday, following a damning report from the public accounts committee about the economic case for the project. Chancellor George Osborne insisted he was “passionately in favour” of the £42.6bn scheme, while transport secretary Patrick McLoughlin told the BBC “it is [...]
On yer bike! Pedal your way to peak health September 9, 2013 AS the Prime Minister announces plans for a major cycling investment and a summer of BBQs and Stella has taken its toll, the question is, is cycling really the multiple box-ticker it’s made out to be? Cycling: The Perks ■ Numerous studies have found that you will get from A to B quicker cycling around [...]
MPs deliver new blow to HS2 plan September 8, 2013 HIGH Speed 2 (HS2) lacks a “convincing strategic case”, according to a damning report released today by MPs that questions the entire justification for the £50bn railway. Margaret Hodge MP, chairman of the public accounts committee, said the department for transport had relied on “fragile numbers, out-of-date data and assumptions which do not reflect real [...]
A new breed of super-entrepreneurs could leave HS2 looking antiquated September 8, 2013 FOR A mode of transport that first arrived in the nineteenth century, railways have been remarkably resilient. All three major political parties currently support the creation of a new high speed rail network, High Speed 2 (HS2), a £43bn plan to connect London Euston, Birmingham, Leeds, Manchester, Sheffield, and the East Midlands in two phases. [...]