Arsenal financial accounts: Ivan Gazidis cites Stan Kroenke’s “considerable investment” in transfers as club announces lowest profit of Emirates Stadium era September 30, 2016 Arsenal say "significant investment" in the club's playing squad is behind slim profit-before-tax of £2.9m last season, a £15.3m drop on a year earlier and the lowest bottom line for over 10 years. Turnover rose to £353.6m from £344.5m a year ago thanks to a runners-up finish in the Premier League and the start of a new [...]
Andreas Vogler’s AeroLiner3000: Here’s the UK’s (double decker) train of the future November 17, 2015 Forget standing nose-to-armpit with your fellow commuters as your carriage wends its cautious way through the British countryside: in the future we could all be travelling in high speed comfort, on this double-decker bullet train. The catchily-titled AeroLiner3000, by architect Andreas Vogler, is one of three shortlisted by the Rolling Stock Safety Board (RSSB) in a competition to propose new [...]
Official GDP figures to show UK economy defying Brexit recession warnings October 23, 2016 The UK economy is set show by just how much it outperformed pre-referendum forecasts later this week, when official growth figures for the crucial third quarter are published. Economists expect the Office for National Statistics (ONS) to find the UK grew by a robust 0.3 per cent between the end of June and the end of September. [...]
Balfour Beatty exec lined up to sweeten National Grid bid September 4, 2016 The chairman of Britain's biggest construction company is being lined up to sweeten a bid for National Grid's network of gas pipes which could be worth up to £10bn. The Sunday Times reported that the group of Canadian, British and Middle Eastern investors approached industry veteran and Balfour Beatty chairman Philip Aiken to lead the bid, as the competition heats [...]
Why go ahead for Hinkley Point today would create a wealth of benefits for the UK in the run up to Brexit July 28, 2016 A GREEN light for new nuclear reactors at Hinkley Point in Somerset would unlock a wealth of “collateral benefits” for the UK, from jobs to foreign direct investment according to Lady Barbara Judge, the former chair of the UK Atomic Energy Authority. It would also signal to the world that the UK is open for [...]
Sports Direct share price rises on news of independent corporate governance review September 20, 2016 Sports Direct's share price has risen on news the embattled retailer has bowed to calls from investors for an independent review of corporate governance and working practices. The retailer initially insisted on using its own law firm, RPC, to conduct the review – but has now said it is willing to make it completely independent. The retailer's [...]
As Trump enters the White House, will the Federal Reserve hike interest rates more aggressively in 2017? December 13, 2016 It was Ronald Reagan who warned against inflation in 1984 by describing it creeping “like a thief in the night to rob our savings, rob our earnings, and take the bread off our tables.” It is ironic then that President-elect Donald Trump, who borrowed his forebear’s campaign slogan “Make America Great Again” to win the [...]
The business secrets behind Real Madrid’s Champions League success (hint: it’s not just the galacticos) February 15, 2017 Any mention of Real Madrid and most would think of lavish transfer fees, “galáctico” celebrity signings, huge riches and — of course — a sparkling trophy cabinet stuffed with silverware. Madrid take on Napoli in the Champions League tonight ranked among the favourites to win the competition, a feat that would secure them both a record [...]
City Moves for 27 September 2016 | Who’s switching jobs September 27, 2016 Covington Graham Vinter, general counsel of BG Group from 2007 until 2015, has joined Covington’s London office. Graham will chair the firm’s project finance practice and supervise an expansion of the firm’s capabilities in this area. At BG Group, he was a member of the group executive committee and reported to the chiefexecutive officer. He was responsible for the company’s legal [...]
The time has come for the Olympic Games to be held in the same venue every four years August 18, 2016 Team GB are having quite a party in Rio, grabbing medals left, right and centre. After last night’s events, our men and women sat near the top of the overall medal table, second only to the USA. Unfortunately the Olympics hasn’t been such a success for the host city. Rio is a wondrous location in [...]