City honoured in the Queen’s birthday list June 12, 2011 BANK of England governor Mervyn King has topped a list of City figures recognised for their services to British business, banking and finance in the Queen’s birthday honours list. This year’s honours list is weighted heavily towards recognising the contribution of the City. This is partly due to it being seen as politically unpalatable for [...]
Tube workers’ Wimbledon strike June 9, 2011 London Underground drivers will strike during Wimbledon, threatening travel chaos for tennis lovers. The first strike will take place between 8pm on 19 June and 2am on 20 June, said the union. Three more strikes covering 27 June, 30 June and 1 July were also announced by the RMT union. The dispute centres around the [...]
Savvy investors will soon be taking to water June 9, 2011 FORGET yachts, successful City boys and girls will be cruising to work on boats in the years to come. Marinas are springing up alongside London’s Thameside developments. Chelsea’s flashy 1,000-apartment Imperial Wharf has just opened a marina, while Vauxhall’s St. George Wharf is building a river taxi pontoon on its doorstep that will open in [...]
SELL June 9, 2011 MANAGING DIRECTOR OF CENTRAL LONDON ESTATE AGENCY, KAY & CO Q.I have £500,000 in cash to invest in a buy-to-let flat in central London. What should I buy? A.One-bedroom apartments are always in demand in central London which fits in well with your budget. I would recommend that you look for a property with a low [...]
A motoring show for Londoners June 7, 2011 As a car hack I have spent an awful lot of time at international motor shows over the years. Sure they can be hard work, they’re often very busy and can get too big to afford you a really good overview on what’s going on. Ideally, it’s good to see rival cars close together to [...]
Russia’s Global Ports plans $750m London IPO June 6, 2011 Russian freight terminal operator Global Ports is planning to raise up to $750m (£456m) from an initial public offering on the London Stock Exchange. Global Ports, the latest in a stream of Russian companies seeking fresh capital from the market, has said it will sell $100m of new shares as well as an unspecified amount [...]
LONDON’S WORKERS FACE A LONGER COMMUTE THAN THE UK AVERAGE June 2, 2011 WORKERS in London face a far longer commute than elsewhere in the UK, data from the Office for National Statistics revealed yesterday. Londoners are over five times more likely to travel for over an hour to get to work. Half those surveyed in London take public transport to work, compared to just nine per cent across [...]
LONDONERS WARNED OF GAMES DISRUPTION June 1, 2011 LONDON workers were yesterday urged to rethink their travel plans during the 2012 Olympics to help avoid overcrowding on the transport network. Transport secretary Philip Hammond (pictured above right with London mayor Boris Johnson) said he could not promise transport would not be disrupted during the Games and said people should consider working from home, [...]
Lonrho assets see revenue grow May 31, 2011 African investor Lonrho last night reported a 29 per cent rise in six-month revenue on last year to £61.1m, and a narrowing in pre-tax losses to £2.9m. The firm, once part of the London & Rhodesia conglomerate alongside miner Lonmin, said the six months to the end of March had been strong for trading, with [...]
London jitters thwart Moscow airport float May 31, 2011 MOSCOW’S busiest airport has become the latest group to fall victim to shaky investor confidence in London’s initial public offering (IPO) market. DME Limited, the offshore company that owns Domodedovo airport, announced the withdrawal of its planned $700m-$1bn (£424 – £607m) float in London late on Sunday night, having published its intention to float document [...]