Ruff and tumble pawlitics as MPs vie for top dog October 10, 2013 THE HOUSE of Commons has seen some important votes this year – but none have been more fiercely contested than yesterday’s Westminster Dog of the Year competition. The annual shindig, organised by the Kennel Club and Dogs Trust, saw no end of backbiting and scratching. International development minister Alan Duncan took the top prize but only after [...]
Join an exclusive club in the City October 10, 2013 Luxury developments are stocking up on facilities normally found in five-star hotels HOLIDAYS are great. Want to go to the gym without stepping outside in jogging bottoms? Fancy a swim at 2am? Want to relax in your own private bar? And on top of that, there’s someone on the end of the phone waiting to [...]
Foreign buyers take half of £1m London homes October 8, 2013 NEARLY half of prime central London homes sold for more than £1m in the year to June went to foreign buyers, according to research published by Knight Frank. However only 28 per cent of the buyers lived outside the UK, as opposed to foreign residents in the country. These buyers were mainly investors, looking to [...]
Bottom Line: Tale of two cities for foreign cash October 8, 2013 FOR A while now it’s been clear that prime central London almost deserves its own, ringfenced place on the map. House prices in the area – initially defined as Mayfair, Knightsbridge, Belgravia and Chelsea but often spreading further – have increased by 116 per cent in the last eight years according to recent research, massively outperforming [...]
Ferrexpo has record production but weak metal prices hit hard October 8, 2013 RECORD production in the third quarter was not enough to stop FTSE 250-listed iron ore miner Ferrexpo’s shares sliding 2.5 per cent yesterday, as the low base metal price weighed down on the sector. Ferrexpo delivered 2,681kt of pellets from its own ore, up 3.2 per cent from the second quarter. Total pellet production for [...]
City Moves for 09 October 2013 | Who’s switching jobs October 8, 2013 MacKay ShieldsThe fixed-income investment management firm has hired Matthew Nagele as managing director and head of distribution for the UK and Europe, the Middle East and Africa. He has previously held senior roles at Janus Capital Group and Old Mutual Asset Managers (UK). Jones DayThe law firm has announced the appointment of Michael Weir as a [...]
UK blackout risk at five-year high October 7, 2013 THE UK is at its greatest risk of a winter power blackout in half a decade, National Grid warned yesterday. In the latest threat to the country’s energy security, the network operator forecast that the margin of electricity reserves – the safety buffer of spare capacity between supply and demand – will fall to five [...]
In brief: Government reshuffle so far October 7, 2013 New appointments:- Sajid Javid: Treasury financial secretary Robert Goodwill: parliamentary under secretary (Department of Transport) Esther McVey: minister of state (employment) Nicky Morgan: Treasury economic secretary Mike Penning: minister of state (Department for Work and Pensions) Don Foster: chief whip Greg Hands: deputy chief whip Alistair Carmichael: Scottish secretary Matt Hancock: minister of state (skills [...]
Knight Frank sees London as prime location September 29, 2013 ESTATE agent Knight Frank has named London as its prime location as it reported increases in both turnover and profit in the last year. The upmarket property advice company saw its profits lift seven per cent to £102.7m in the year ending 31 March, while turnover rose five per cent to £350m and net cash [...]
City Moves for 30 September 2013 | Who’s switching jobs September 29, 2013 Hausfeld & Co The litigation law firm has appointed Boris Bronfentrinker as partner. He joins from Freshfields Bruckhaus Deringer, where he was a senior lawyer in its cartel defence and commercial disputes practice. Macquarie Securities The institutional equities arm of Macquarie Group has appointed Brandon Krieg as managing director and head of electronic execution in [...]