Kazakhmys production hit by cold snap April 26, 2012 COPPER miner Kazakhmys yesterday posted a dip in first quarter output after unusually cold weather at the start of the year disrupted transport and processing. But the London-listed Kazakh miner forecast a stronger second half as it processes stockpiled ore and restarts the Konyrat open pit copper mine, shuttered in 2008, allowing it to confirm [...]
Who do you trust more: Boris Johnson or Ken Livingstone? April 24, 2012 AS the race to become London mayor fast approaches its conclusion, we’re asking our Voice of the City panel, run in association with PoliticsHome.com, which candidate they trust more to lead the capital and fulfill their manifesto promises. Answer this week’s questions on key aspects of the policies laid out by Boris Johnson and Ken [...]
What businesses want in London’s new mayor: A wishlist from the CBI April 24, 2012 IN A YEAR of exciting events, the London mayoral elections are first in the capital’s diary, followed in the summer by the Queen’s Diamond Jubilee and the 2012 Games. The spotlight will be on London, so there’s no better time to redouble our efforts to promote the city as a world-leading business centre. Whoever wins [...]
WHO WILL GET YOUR VOTE? INTERVIEWS BY CLARE HILL April 23, 2012 GORDON BOTTEN RELIANCE I’ll be voting Boris – I just think he’s got a lot more to offer than Ken. He’s spent a lot of money, but I think that we can see an improvement on public transport. JERRY PRINGLE MILES SMITH Boris’s sense of humour is just the best, and that’s what we are, [...]
UK rail division gives a boost to Stagecoach April 23, 2012 STAGECOACH yesterday reported growth in its rail business, which includes London commuter franchise South West trains. The FTSE 250 transport company gave an upbeat forecast for 2012 across its businesses. Stagecoach said that its like-for-like sales across its UK rail operations had risen by 8.8 per cent in the 48 weeks to 1 April. Its [...]
CITY MOVES WHO’S SWITCHING JOBS April 22, 2012 Freshfields Bruckhaus Deringer Alan Ryan has been appointed global co-head of the law firm’s infrastructure and transport sector group. Ryan succeeds finance partner Nick Bliss in the position on 1 May. He will work alongside current infrastructure and transport sector co-head Nils Koffka. Berwin Leighton Paisner The law firm has announced that Robert MacGregor has [...]
CITY MOVES WHO’S SWITCHING JOBS April 19, 2012 Grant Thornton UK The business and financial adviser, and UK subsidiary of Grant Thornton International, has reappointed Scott Barnes as chief executive. He was first given the role in 2008 and has led the firm’s restructuring during the financial downturn. He will remain in the position through to 2015. Yorkshire Building Society The UK’s second [...]
Boris Johnson promises £30 council tax cut April 18, 2012 BORIS Johnson yesterday pledged to reduce City Hall’s share of council tax by 10 per cent if he is re-elected next month. Speaking at the launch of his value for money manifesto in Fulham, Johnson said that a “war on waste” meant he could guarantee an annual reduction in the Mayor’s share of council tax [...]
WHAT THE OTHER PAPERS SAY THIS MORNING April 17, 2012 FINANCIAL TIMES Canadian approached for BoE job Mark Carney, governor of Canada’s central bank, has been informally approached to be a candidate to replace Sir Mervyn King as head of the Bank of England in June next year. One of the world’s most respected central bankers, Carney also heads the Financial Stability Board, which oversees [...]
London Tube workers vote to strike April 17, 2012 London Underground staff are set to walk out for 72 hours next week after they voted “four to one” in favour of strike action. The Rail, Maritime and Transport Workers union (RMT) said its workers would cease work at 4pm on 24 April and not return until after 4pm on 27 April. The dispute is [...]