WHAT THE OTHER PAPERS SAY THIS MORNING April 14, 2011 FINANCIAL TIMES BOSCH WARNS JAPAN CRISIS WILL SLOW GLOBAL GROWTH The impact of last month’s Japanese earthquake will cut global economic growth by a quarter of a percentage point and could put a big dent in planed increase in car production this year, the head of the world’s largest car parts supplier warned. Franz Fehrenbach, [...]
WHAT THE OTHER PAPERS SAY THIS MORNING April 13, 2011 FINANCIAL TIMES LANSLEY TAKES NURSES’ MEDICINE A contrite Andrew Lansley promised nurses a larger role in the commissioning of healthcare after the Royal College of Nursing passed the first vote of “no confidence” in a health secretary in its history. Attending a “listening” exercise with 65 nurses on the fringe of the RCN’s annual congressl, [...]
Signal work goes to Metronet partner April 12, 2011 TRANSPORT for London has chosen its preferred bidder to overhaul the Tube signalling system, handing work worth an estimated £25m a year to one of the firms involved in the collapsed Metronet operator. The award came on a day of severe delays on the Underground following a signal failure on the District Line. Bombardier Transportation [...]
Break-up for National Express looms as Elliott gains support April 12, 2011 TRANSPORT Group National Express edged closer to being broken up yesterday after an activist investor claimed a crucial shareholder supported its cause. Hedge fund Elliott Advisors, now the largest shareholder with 17.5 per cent of National Express, said it expected second-biggest investor the Cosmen family to vote for its bid to add three new directors [...]
In deep water: learning to dive off the coast of Malta April 10, 2011 AS I floated through the open hatchway into the ship’s galley, the scene appeared frozen in time. Seaweed waved gracefully about the cupboards and a spotted fish darted in and out of the abandoned cooker. A stream of bubbles poured from my dive buddy’s regulator as he laughingly grabbed the ship’s wheel and gave a [...]
CITY VIEWS: WOULD YOU BUY A HYBRID AS YOUR NEXT CAR? April 6, 2011 Save or Borrow peer to peer at RateSetter.com SIMON FOSS | RSA INSURANCE “I wouldn’t buy a hybrid as I live in central London so it’s easier for me to use local transport. The benefits are interesting, but I couldn’t take advantage of them anyway.” ALAN GAUDENCIO | WELLS FARGO “No, as it doesn’t suit [...]
CITY MOVES | WHO’S SWITCHING JOBS April 3, 2011 Bibby Financial Services The invoice finance specialist has appointed Andy Leopold as sales director for the south, based in London. Leopold, who has been promoted from the role of sales director for London and Hastings, brings more than 19 years’ experience working in the financial services sector. He will be responsible for securing new business [...]
Barclays Capital hires Morgan Stanley’s Connor to boost team March 29, 2011 BARCLAYS Capital yesterday hired Josh Connor from Morgan Stanley to lead its global transportation banking group within the firm’s Global Industrials Investment Banking Group. Connor will be based in New York and will join the firm in July. The hire follows a series of moves by the bank over the past few months to bolster [...]
FirstGroup buys 955 new buses March 29, 2011 FirstGroup, the UK’s largest bus and rail operator, yesterday said it was ordering £160m of new vehicles over the next two years. The order for 955 vehicles will include 200 buses earmarked to transport people to and from the London 2012 Olympic Games. FirstGroup said 40 hybrid buses, part funded by the government’s Green Bus [...]
TfL reveals details of £7.6bn savings March 28, 2011 TRANSPORT For London (TfL) has promised to make £7.6bn of savings between now and 2018 – well above the £5bn target announced in October’s government spending review. The bus and trains operator said most of the sum will come from outsourcing changes, IT cutbacks and an overhaul of the company structure to be led by [...]