Bank Levy hike offset by corporation tax cut March 21, 2012 Britain’s banks will not end up paying higher taxes overall as a result of the Budget, as the government’s planned hike to the bank levy will be offset by a cut in corporation tax, the British Bankers’ Association (BBA) said. Chancellor George Osborne said in his Budget speech on Wednesday that he would increase the [...]
Prime London house prices up March 20, 2012 TOP CENTRAL London property prices rose 1.1 per cent in March, estate agent Knight Frank revealed today. Prices rose 11.3 per cent over the past 12 months, as demand continues to outstrip supply. “Our research highlights the status of London property as a unique global asset class, which has gained the confidence of investors looking [...]
CITY MOVES | WHO’S SWITCHING JOBS March 20, 2012 JAG Shaw The boutique corporate law firm has announced the hiring of Susanna Stanfield. JAG Shaw focuses on providing advice on venture capital and private equity matters, with particular expertise in the life sciences and technology sectors. Stanfield, a corporate lawyer who has spent over ten years in the venture capital practice of Taylor Wessing, [...]
JUSTIN KING GOES THE EXTRA MILE FOR SPORT RELIEF March 19, 2012 SAINSBURY’S chief Justin King has been busy pounding the pavement in order to raise money for Sport Relief ahead of the Sport Relief Mile this Sunday. King, whose stores stock much of the Sport Relief charity merchandise, has run 32 miles across the UK in March in the hope of beating last year’s efforts for [...]
The appeal of a mature market March 15, 2012 THERE’S nothing emerging about Barbados. Barbados has arrived. It arrived a long time ago. But in a property environment where the hot new thing has lost some of its appeal over the past five years, tried and true is sometimes best. Like a Starbucks when you want to be sure of what you’re getting. But [...]
Captain Chris has to be of interest at a massive 14/1 March 14, 2012 THERE have only been seven runnings of the Ryanair Chase and sponsor Michael O’Leary won’t be happy that no horse from his native Ireland has won this yet. They arguably have their strongest hand this time with last year’s Jewson winner NOBLE PRINCE and the third home in this race 12 months ago, Rubi Light. [...]
WHAT THE OTHER PAPERS SAY THIS MORNING March 11, 2012 FINANCIAL TIMES SEC LAUNCHES EXCHANGE PROBE The US market regulator has launched a broad investigation into whether exchanges favour large trading companies at the expense of smaller customers. The enforcement inquiries emerged from examinations by the Securities and Exchange Commission of how exchange operators, some of which also regulate their customers, manage conflicts of interest [...]
London rental costs slide due to weak jobs outlook March 11, 2012 THE WEAK jobs market in the City is partly responsible for a decline in central London rents, new research suggested this morning. Residential rental costs soared in the capital from mid-2009 to the end of last year – but have now started to ease off. On a three-monthly basis designed to iron out monthly fluctuations, [...]
WHICH SECTORS MAKE THE MOST BILLIONAIRES? March 7, 2012 ● TMT The tech and telecoms sector is holding firm towards the top of the table, with Carlos Slim, Bill Gates and Oracle owner Larry Ellison inside the top 10 and more than 100 across the entire list. Savvy investments in the likes of Facebook and Twitter can also make billions, as Netscape founder James [...]
CONRAN TO CREATE TUSCAN RESORT March 5, 2012 SIR Terence Conran has been signed up to transform a hilltop village in Tuscany into a €100m (£83m) luxury resort. An existing hotel on the Il Ciocco estate is being refurbished as the Renaissance Tuscany Il Ciocco Resort & Spa, which will stand among a community of around 100 new houses. Estate agency Knight Frank [...]