WHAT THE OTHER PAPERS SAY THIS MORNING November 1, 2010 FINANCIAL TIMES LEASE FEARS FOR OFFSHORE WIND FARMS Wind farm operators building offshore risk having their leases terminated without compensation if oil and gas companies decide they need the seabed plot for exploration, drilling or pipelines. Industry executives are warning that the lease terms, issued by the Queen’s Crown Estate, could threaten the funding of [...]
Three cheers for the stars of the Square Mile October 28, 2010 LAST night was truly an exciting and exceptional occasion: City A.M.’s inaugural awards celebrating the best and brightest of London’s business, financial and investment communities. Our inaugural awards ceremony saw more than 450 guests in their finery roll up at the Grange Hotel at St Pauls. Our winners, unique in that each was initially chosen [...]
Keep control of your car insurance October 21, 2010 CAR insurers have hit drivers with the biggest annual price hike on record, and premiums are expected to continue rising into 2011. The cost of annual comprehensive car insurance soared 39.3 per cent in the 12 months to the end of September – the biggest annual jump recorded since the benchmark AA British Insurance Premium [...]
Keep control of your car insurance October 21, 2010 CAR insurers have hit drivers with the biggest annual price hike on record, and premiums are expected to continue rising into 2011. The cost of annual comprehensive car insurance soared 39.3 per cent in the 12 months to the end of September – the biggest annual jump recorded since the benchmark AA British Insurance Premium [...]
Drivers face record rise in premiums October 12, 2010 This week the AA recorded the highest rise in car insurance premiums since it began reporting market data. The average figure for the three cheapest car insurance quotes now stands at £2,457, with men aged 17-22 suffering a 47 per cent hike in just one year. The AA findings follow a recent YouGov SixthSense market [...]
A farmer’s work is never done September 16, 2010 ANYONE who watched Channel 4’s Young Black Farmers series will remember Wilfred Emmanuel-Jones. He brands himself “The Black Farmer”, the entrepreneur behind the gluten-free food range of the same name. He lives between his London office, his Devon farm and his Wiltshire home where he stood as the Conservative party candidate earlier this year. Born [...]
Phoenix rises from ashes to the FTSE 250 September 8, 2010 SERIAL entrepreneur Hugh?Osmond has seen his Phoenix Group life insurance consolidation vehicle promoted to the FTSE 250. Phoenix said its £1.2bn market value would make it one of the larger players in the index. In a quarterly rejig, Home Retail Group, Segro and Cable & Wireless Worldwide will drop out of Britain’s FTSE 100 later [...]
Record travel numbers for Eurotunnel September 6, 2010 EUROTUNNEL enjoyed a record summer this year, after car traffic rose 17 per cent on last year with more than half a million cars taking the trip between Kent and Calais in July and August. The French company, which trades on the London and Paris stock exchanges, said it broke its previous passenger record on [...]
RBS sounds out investment banks for Direct Line disposal August 30, 2010 STATE-OWNED Royal Bank of Scotland has begun sounding out advisers for the multi-billion pound disposal of its Direct Line business. RBS, 83 per cent backed by the taxpayer, has until the end of 2012 to offload the car and home insurance operation under European Union rules on accepting government aid. Sources said the Scottish lender [...]
WHAT THE OTHER PAPERS SAY THIS MORNING August 26, 2010 FINANCIAL TIMES BANKS BACK SWITCH TO RENMINBI FOR TRADE A number of the world’s biggest banks have launched international roadshows promoting the use of the renminbi to corporate customers instead of the dollar for trade deals with China. HSBC and Standard Chartered are offering discounted transaction fees and other financial incentives to companies that choose [...]