What Britain must do to win back investors from a surging Germany June 19, 2012 BRITAIN is on the verge of losing its foreign direct investment (FDI) crown. After a 15 year record as the leading European destination, the investment tide has begun to flow away. While the UK remains Europe’s top destination for inward projects, we will lose this crown to Germany, within two years, unless action is taken. [...]
Shock as England cricket starlet Maynard is killed by Tube train June 18, 2012 ENGLAND will begin today’s second one-day international against West Indies under a cloud after the sudden and tragic death yesterday of one of the country’s brightest prospects, Tom Maynard. Surrey batsman Maynard, 23, was hit by a London Underground train at Wimbledon Park station at 5am after a man matching his description fled from officers [...]
East London cable car due for launch by the end of the month June 17, 2012 BRITAIN’S first cable car spanning the Thames is set to open to the public in time for the Olympic games, Transport for London confirmed today. The £50m project has been subject to safety tests in recent weeks but TfL said it was on course to open on 28 June, a month ahead of the Games. [...]
CITY MOVES | WHO’S SWITCHING JOBS June 14, 2012 iCon Infrastructure Iain Macleod has been appointed as a partner at the investment firm, effective July 2012. He joins iCon’s private institutional European infrastructure team from Deutsche Bank, where he served as head of transportation and infrastructure for Europe, Middle East and Africa, and head of mergers and acquisitions for Asia. International Standard Asset Management [...]
Bridging the gap: How GE is trying to create a legacy for the Olympics June 12, 2012 44 DAYS TO GO Finding long-term use for equipment is key, says Tom Welsh TOWER Bridge and Homerton University Hospital in Hackney have little obvious in common. The first was opened in 1894 by the future Edward VII and is one of London’s most photographed landmarks. The second caters for one of London’s poorest, most [...]
Tokyo tops cost of living table for expatriates June 11, 2012 TOKYO is the most expensive city in the world for expatriates to live in, according to research released this morning, regaining its top position from Luanda, the capital of Angola. London – which has previously been as high as second on the list – is now in 25th place, behind the likes of São Paulo, Beijing [...]
Voice recognition firm Eckoh agrees American Express deal June 11, 2012 ECKOH, the Aim-listed speech recognition business, will today unveil a deal with a major global financial services company, believed to be American Express. City A.M. understands the multi-million pound deal will see American Express employ a dedicated platform from Eckoh to handle its customers’ self-service enquiries across the globe. The two companies have worked together [...]
Plans unveiled for revival of Midtown area June 10, 2012 MAJOR BUSINESSES and political figures will meet tomorrow to discuss plans to rejuvenate London’s Midtown, an area wedged between the City and the West End, and drive investment over the next five years. Inmidtown, the business improvement district with authority over the area, will showcase a new framework aimed at restoring it as a commercial [...]
G4S boss: Healing rifts over ISS will take time June 7, 2012 SECURITY group G4S is still trying to heal the rift with shareholders caused by its failed £5.2bn tie-up with ISS, its chief executive has admitted. Nick Buckles said the mega-merger, abandoned in the teeth of opposition from major investors, had been a victim of the “shareholder autumn”. Buckles faced questions at the firm’s annual general [...]
Get in a Twizy over the greenest new motor June 5, 2012 IS IT A CAR or a motorcycle?,” asks a driver next to me. “You’re kidding me, is that a prototype?” says another as I pull up to the next set of lights. “It’s cool but what is it?” These are the first of 23 separate interactions I have with strangers asking about the Renault Twizy [...]