South London set to soar in 2012 April 29, 2010 WITH the opening of a segment of the East London Line extension this week, Hackney, Wapping and Shoreditch just became a lot more desirable. Yet the best property moves are made well in advance of such obvious bonuses, so if you’re looking to buy now, consider the areas of south-east and south-west London that will [...]
Greece pushes the euro into uncharted seas April 27, 2010 EUROPEAN woes went from bad to worse yesterday after Standard & Poor’s, the rating agency, downgraded Greek and Portuguese debt. Greek debt at BB+ is now effectively junk status. Investors dumped the euro, causing it to fall nearly two cents against the US dollar. But what now for the single currency? It managed to maintain [...]
A labour of love with rich rewards April 22, 2010 THE idea of buying a romantic, unmodernised property can be immensely appealing, offering both historical charm and the chance to do a place up with your own stamp on it. There’s also the promise of earning yourself a tidy profit when it comes to selling down the road. Simon Barnes, a property consultant, says: “Renovating [...]
Darling backs IMF bank tax plans April 21, 2010 CHANCELLOR Alistair Darling has welcomed International Monetary Fund proposals for two new taxes on banks to fund future bailouts. A levy would initially be charged at a flat rate then modified so riskier institutions were charged more, under the plans aimed at reducing the chances of a future global financial crisis. A second “financial activities [...]
WHAT THE OTHER PAPERS SAY THIS MORNING April 19, 2010 FINANCIAL TIMES HCL FUELS DEBATE The head of one of India’s biggest IT outsourcing companies has waded into the debate on UK public sector efficiency savings, complaining of an “old boys’ network” in government procurement. Vineet Nayar, chief executive of HCL Technologies, hit out at the “stranglehold of a few companies” in Britain’s £17bn market [...]
Red Knights bid imminent April 18, 2010 THE structure for an audacious fan-backed bid for Manchester United has been finalised, paving the way for a formal offer as soon as next month. A group of wealthy City financiers desperate to take control of the club from the Glazer family thrashed out details of their £1.25bn bid last week and will now present [...]
ARE PRE-ELECTION JITTERS HAVING A NOTICEABLE EFFECT ON THE HOUSING MARKET? April 18, 2010 LUCIAN COOK | SAVILLS “The election is no doubt in the public consciousness and will, if anything, put a limit to activity as people wait until after 6 May to buy. But activity in the housing market is so subdued anyway so it will be difficult to pick out any discernible impact. More interesting will [...]
CITY MOVES | WHO’S SWITCHING JOBS April 14, 2010 FSSC The Financial Services Skills Council has appointed Trevor Matthews, the chief executive of Friends Provident, as its new chairman. Matthews joins a number of high-profile City bosses on the FSSC board, including Resolution Group chief executive John Tiner, Standard Life managing director John Gill, KPMG vice chairman Brendan Nelson, and Angela Knight, the chief [...]
Red Knights thrash out United plans April 14, 2010 THE group of City financiers hoping to wrest control of Manchester United met in London yesterday to hone their plans. They are understood to have discussed the structure of the complicated share issue that will give fans the chance to buy a stake in the club. They are also thrashing out whether to retain the [...]
Lib Dems: we will ban bank board bonuses April 13, 2010 NICK Clegg, the leader of the Liberal Democrats, yesterday said his party would ban all bank bonuses at board level. Speaking alongside his Treasury spokesman Vince Cable, Clegg said the Lib Dems would “ensure the bonus system can never again encourage banks to behave recklessly”. Clegg, who could play kingmaker after the election if polls [...]