BALFOUR BEATTY WINS £100M IN DEALS January 16, 2012 BALFOUR Beatty has won construction contracts in the commercial sector worth £100m. In the City of London, the company has secured a £57m contract, to build AXA Real Estate’s Sixty London prime office development (pictured). The company has also won a £25m deal to deliver an 11-storey office building in the City for Viridis Real [...]
CITY VIEWS: DO YOU THINK THE GOVERNMENT SHOULD PRIORITISE HIGH SPEED RAIL OR MORE AIRPORT CAPACITY? January 11, 2012 JOE BATTLE | ANTARES “Personally I think the high-speed rail, because there has never been a real problem with airport capacity, only a bit of hustle and bustle. A decent rail network around the UK would be fantastic.” DAN SILVEY | AXA “I think the government should favour high speed rail because it is a [...]
WHAT THE OTHER PAPERS SAY THIS MORNING January 8, 2012 FINANCIAL TIMES CAMERON RISKS FURY OVER EXTRA IMF CASH David Cameron has left open the door to Britain giving billions of pounds of new support to the International Monetary Fund – and indirectly to ailing members of the Eurozone – in a move likely to infuriate eurosceptic MPs in his own conservative party. Extra British [...]
Axa sells off its Denplan branch December 20, 2011 AXA UK has agreed to sell dental insurance business Denplan to Simplyhealth for £115m. The deal is cash free and debt free and comes with certain add-ons. Denplan, which has 1.8m patients, is set to report pre-tax profits of £14.1m on revenue of £55.5m this year. Health cash plan provider Simplyhealth was seen as the [...]
CITY MOVES | WHO’S SWITCHING JOBS December 12, 2011 Cushman & Wakefield The global property consultant has expanded its EMEA sustainability team by appointing Justy Mathew as sustainability analyst, based in London. He joins from Pensions & Investment Research Consultants, where he worked on corporate social responsibility. Reporting to Andries van der Walt, head of sustainability for EMEA, Mathew will deliver sustainability consultancy for [...]
To save the euro and end the liquidity crisis Germany needs to leave the Eurozone December 11, 2011 THE crisis in the Eurozone is widely portrayed as being about solvency and the need for fiscal balance and austerity, but in fact these are longer term issues – the immediate crisis is one of liquidity. Solvent countries can’t roll over their existing stock of debt, as the available liquidity behind the largest economy in [...]
WHAT THE OTHER PAPERS SAY THIS MORNING December 6, 2011 FINANCIAL TIMES CLARKE REJECTS CALL FOR EU POWER GRAB Ken Clarke has told Conservative eurosceptics to forget about repatriation of powers from Brussels at this week’s European Union summit, while urging David Cameron to focus on “how to maintain the financial stability of the western world.” The justice secretary’s comments, in an interview with the [...]
RAPID RESPONSES December 1, 2011 Criticism, audited I welcome Mario Cientanni’s support for our proposals to increase audit exemptions [Red tape around audit is proving hard to untangle, yesterday]. I don’t agree that banks will continue to require audits as a condition of borrowing, and the British Bankers Association backs this up. We realise that not all companies will wish [...]
CITY MOVES | WHO’S SWITCHING JOBS November 30, 2011 Thomas Eggar The law firm has announced the appointment of James Letchford to its London property team as a senior associate. Letchford trained and qualified at Ashurst before spending six years at Nabarro, and will join Thomas Eggar’s London team, led by property partner Chris Baker. He has particular experience in sales, acquisitions, development, leasing [...]
Resolution to return next £250m November 29, 2011 Life insurance buyout group Resolution yesterday said it had achieved the capital synergies it had targeted this year and was on track to return £250m of cash to investors next year as planned. Resolution also said it had completed the takeover of life assets from AXA UK with the final purchase of Winterthur Life UK.