Huawei in bid to provide free mobile networks on the Tube February 20, 2011 CHINA’S biggest telecoms operator, privately-owned Huawei Technologies, is bidding to provide a mobile network for the London underground system in time for the 2012 Olympics. The equipment for the network would likely be provided free of charge, with tube operator Transport for London stressing that due to budgeting pressures, any such proposal would have to [...]
THE SOUND OF MUSIC COMES TO THE WHARF February 20, 2011 THE success of hit US TV show Glee has inspired many high schools and universities to launch show choirs – and now it seems not even London’s financial sector is immune to the lure of a good sing-along. Hence the launch of the Canary Wharf Choir, an open singing group for those that live and [...]
Investors in SANE states: keep calm and carry on February 17, 2011 AT the start of the year, investment opportunities seemed aplenty for those seeking exposure to Africa. The London Stock Exchange announced that the HSBC MSCI South Africa ETF, launched yesterday, brought the total number of London-listed exchange-traded funds (ETFs) based on emerging market indices to 75. South Africa, Algeria, Nigeria and Egypt find themselves following [...]
Woolwich Crossrail gets funding February 16, 2011 Work on Woolwich Crossrail station is finally set to go ahead after housing developer Berkeley struck a £100m deal with Transport for London and the government. Berkeley will fund construction of the empty shell of the station with an expected completion date in 2013, though Crossrail and its partners have not yet secured funding to [...]
CHALLENGE FOR CITY FIRMS TO GO OFF ROAD February 14, 2011 FOR frustrated finance workers who fancy themselves as a bit of a Bear Grylls-type come the weekend, CARE International’s Finance Adventure Challenge might be just the opportunity to show your colleagues what you’re made of. City A.M. is supporting the Challenge this summer, giving City professionals a chance to ditch the suits and prove their [...]
What the other papers say this morning February 13, 2011 FINANCIAL TIMES SIEMENS EYES BIG NETWORK PURCHASES Siemens is looking out for large acquisitions to expand its power networks and plant automation businesses, in a fundamental strategic shift by the German industrial conglomerate. Joe Kaeser, Siemens’ chief financial officer, said Europe’s largest engineering group by sales had reached the “management maturity” to pursue significant takeovers. [...]
BUYING February 10, 2011 Q.I am thinking of buying a buy-to-let property in central London. What type of property makes the best rental and which tenant market should I be going after? A.We tend to advise our investment clients to opt for a two double bedroom, two bathroom configuration for a rental investment. This set-up will appeal to a [...]
Airlines are wary over NATS plan February 6, 2011 AIRLINES do not want the government to reduce its dominant stake in the country’s air-traffic control system below 25 per cent, it is understood. The government is considering reducing its 49 per cent stake in the air-traffic control system NATS as part of measures to pay off the ballooning public debt. But the Airline Group, [...]
More people should be The Apprentice February 6, 2011 WHEN the City opened its doors to the barrow boys of the East End – the wheeler dealer market traders who were first let loose on the London Stock Exchange in the 1980s – they were a roaring success. They had the drive, the hunger and the charisma to allow them to thrive in the [...]
To the ends of the earth February 6, 2011 CHILE is a land of contrasts – and not least for the euphoria of the miners’ rescue last year, preceded by the coastal earthquake. But it is this land – volcanic and alive, and rich in minerals – that entices me to travel half way around the world to explore its natural wonders, the northern [...]