WHAT THE OTHER PAPERS SAY THIS MORNING July 9, 2012 FINANCIAL TIMES Morgan Stanley sheds staff as transactions fall Morgan Stanley will this week complete a round of job cuts that will ultimately see the company shed 100 sales and trading staff, underscoring what is expected to prove a dismal second quarter for Wall Street banks. The cuts are across Europe, the Middle East and [...]
Stagecoach to launch luxury sleeper buses July 8, 2012 TRAVEL company Stagecoach is eyeing a move into upmarket transport through its budget bus brand Megabus. It has commissioned a 52ft double-decker bus, designed to carry passengers on inter-city journeys. It is understood that the buses, which will operate under the firm’s Megabus brand, will have luxury leather seats by day, and give way to [...]
Unite calls off London bus strike July 4, 2012 The Unite union yesterday called off today’s bus strike, pledging to continue negotiations over bonuses for drivers over the Olympic period. Transport for London intervened in the dispute between the union and bus firms yesterday, offering to give a 50 per cent share of any extra revenues made during the Games to bus staff, on [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 1, 2012 FINANCIAL TIMES Esma probes agencies’ views on banks The pan-European markets regulator has launched a probe into the way the big three credit rating agencies evaluate banks to determine if the process is sufficiently rigorous and transparent, its chairman Steven Maijoor told the Financial Times. The European Securities and Markets Authority has begun inspecting Standard [...]
NEED TO KNOW | AREA INSIGHT June 28, 2012 TRANSPORT Guildford is located within easy commuting distance of London but sits next to the rolling countryside so many City workers crave at the weekend. Guildford mainline station offers a frequent train service to London Waterloo taking approximately 35 minutes. A season ticket will cost £890 for three months or just over £3,000 for a [...]
Niall Ferguson warns on London’s possible fall June 27, 2012 The historian who wrote a book entitled The Ascent of Money yesterday warned that London faces a fairly rapid descent from its platform as the world’s leading financial centre unless it quickly improves its infrastructure. Niall Ferguson, the well-known history professor at Harvard University, said that infrastructure improvements, such as public transport, and in particular [...]
DMGT sells its print works site to British Land June 27, 2012 THE DAILY MAIL & General Trust (DMGT) said yesterday it has sold its printing works site at London’s Canada Water to British Land for an undisclosed sum. Analysts estimate the Daily Mail owner to have pocketed around £12m to £14m for the site. The deal will see British Land acquire the newspaper group’s freehold and [...]
RAPID RESPONSES June 27, 2012 Hester is not RBS [Re: Useless PR has turned NatWest’s woes into a corporate nightmare, yesterday] Having gone through James Hutchinson’s piece on the RBS computer failures, I was very surprised that all his attacks were directed on the person of Stephen Hester rather than the bank itself. I believe Hester has handled the situation [...]
OLYMPICS BY NUMBERS June 27, 2012 10.8m ticketholders (8.8m Olympic, 2m Paralympic). 200,000 people in the workforce. Including 6,000 staff, 70,000 volunteers and 100,000 contractors. 1500 UK firms have won over £6.3bn of Olympic Development Authority contracts. LOCOG has awarded a further £1bn. 118 overseas teams have signed pre-games training camp agreements in communities across the UK. 1m pieces of sport [...]
Regulatory hurdles for the UK financial sector to consider June 27, 2012 THE Olympics Delivery Authority (ODA) predicts 20m trips by spectators during London 2012, including some 3m on the busiest day. The resulting inevitable transport chaos is prompting businesses and employees to look closely at how best to keep operating efficiently, in particular working from home. Many financial services sector staff work in Docklands and the [...]