New York comes to Docklands October 12, 2009 Lower East Liquor Bar28 Westferry Circus, E14 8RRTel: 020 7536 2862 FOODSERVICEATMOSPHERECost in restaurant per person without wine: £25 THE Docklands’ great trump card, when it comes to leisure and lifestyle, is the river. Residents have access to the best views in town, immaculate riverside running paths and access to water transport (how jolly). Now [...]
Boris unveils plan to shape City’s future October 12, 2009 MAYOR Boris Johnson yesterday reiterated his desire to be a “champion for London” as he unveiled a definitive strategy to improve the capital and promote the City’s competitiveness as a global economic powerhouse. Johnson’s three-pronged strategy includes interlinked documents on the capital’s overall strategic development, transport and economic development. He said he was “determined to [...]
CITY MOVES WHO’S SWITCHING JOBS October 7, 2009 NomuraThe Japanese banking group has hired Peter Westaway, a Bank of England veteran, as its new chief economist for Europe. Westaway previously spent 13 years at the Bank in senior roles, covering macro economic forecasting, policy and financial market analysis. He also spent time working at the UK Treasury and the National Institute of Economic [...]
BA axes 1,700 cabin crew as losses mount October 6, 2009 BELEAGUERED British Airways yesterday said 1,000 of its cabin staff have agreed to take voluntary redundancy, with another 3,000 moving from full-time to part-time work – the equivalent of 1,700 full-time job cuts. The carrier has been on a massive cost-cutting drive to return to profitability, with chief executive Willie Walsh and finance director Keith [...]
London is ranked top business city…. October 5, 2009 LONDON has beaten Paris and Frankfurt to retain its position as the best business city in Europe, according to the 20th annual European Cities Monitor report from property agents Cushman & Wakefield. It is the twentieth year in a row that London has been named as Europe’s best city for business. It also ranked the [...]
Bulk carrier prices stabilise as world economy improves October 5, 2009 THE cost of chartering bulk carriers to transport commodities worldwide has stabilised but looks unlikely to reach the peak hit during 2008, the International Financial Services London (IFSL) body said yesterday. Duncan McKenzie, director of economics at IFSL, said the Baltic Dry Index (BEDI) – which is based on the average spot price for chartering [...]
Imperial Wharf station opens September 29, 2009 Mayor Boris Johnson opened a new £7.8m Imperial Wharf station yesterday, which will serve Fulham, Chelsea, and West Brompton. The station plan was in limbo for more than 15 years before Hammersmith and Fulham and Kensington and Chelsea councils agreed funding with developers St George and Transport for London last year. Boris says the new [...]
PEDAL POWER September 24, 2009 CYCLING nut and London Mayor Boris Johnson is kicking off his Cycle Fridays scheme today with six routes, three of which run to the City. The Friday routes, where you are escorted by safety-conscious marshals, will roll on until 2 October. To get into the City you can leave from Mile End, Finsbury Park and [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 23, 2009 FINANCIAL TIMES SIEMENS IN BRIBERY ULTIMATUMSiemens yesterday told several former executive board members, including former chief executives Heinrich von Pierer and Klaus Kleinfeld, to agree to pay damages relating to a multibillion euro bribery scandal. The firm, Europe’s largest engineering group, said seven former managers would face legal action if they failed to show willingness [...]
CABLE’S PLANS?FOR 1M HOME TAX SLAMMED September 21, 2009 PROPERTY experts yesterday ridiculed Liberal Democrat Treasury spokesman Vince Cable’s pledge to introduce an annual levy on homes worth more than £1m, warning that the measure would lay waste to an already fragile housing market. The so-called “mansion tax”, proposed by Cable at the Lib Dem annual party conference yesterday, would see some 250,000 households [...]