London airport expansion: Business reacts to government “dithering” on Heathrow decision December 1, 2015 Business groups have responded with apprehension after the government pushed back the decision on whether to build a third runway at Heathrow until next week, and demanded urgent action. It was anticipated that the government’s decision on the controversial issue would come this week, but a senior transport source told City A.M. that the verdict is not [...]
World heavyweight crown will not censor me, insists self-styled Gypsy King Tyson Fury November 30, 2015 Britain's Tyson Fury is adamant that his new-found status as world heavyweight champion will not see him suppress his views and insists his controversial stance on social issues does prevent him from being a role model. Mancunian fighter Fury sent shockwaves through global boxing by scoring a unanimous points decision over Ukrainian powerhouse Wladimir Klitschko [...]
Prime Minister David Cameron appoints Alibaba’s Jack Ma to his Business Advisory Group October 19, 2015 Alibaba founder and executive chairman Jack Ma has been appointed to Prime Minister David Cameron's Business Advisory Group (BAG). Number 10 announced the appointment today, ahead of a four-day state visit by China's President Xi Jingping. Commenting on the appointment today, a Downing Street spokeswoman said: "This is about appointing someone who has real business [...]
British Land secures £1bn in debt April 3, 2014 Property giant British Land said yesterday it has signed a new £785m loan with a syndicate of 14 banks and that it has also closed a £200m US private debt placement. The unsecured five-year revolving credit facility is provided by banks including Barclays, Bank of China and Royal Bank of Canada.
Ukip MP Douglas Carswell hits out at CBI and says support for Out campaign is growing November 16, 2015 Former Tory backbencher Douglas Carswell was in a bullish mood when we met last Thursday, insisting that the Out campaign had enjoyed its best week so far. Carswell, now the UK Independence Party’s sole MP, believes that David Cameron’s “vacuous demands” over EU reform provided a boost to the eurosceptic side of the debate. “There’s nothing [...]
Mipim 2015: Tech takes its toll on the property sector March 12, 2015 I was up early on the third day of Mipim to chair a panel of Sir Eddie Lister, chief of staff at the Greater London Authority; Sir Howard Bernstein, chief executive of Manchester City Council; and Bernstein's counterpart in Birmingham, Mark Rogers, all of whom made a powerful case for further devolution of power to [...]
Why long-term investors shouldn’t fear Brexit: Alarming projections have emerged about the impact of Britain leaving the EU on sterling, stocks and bonds. But there are reasons not to expect the worst May 25, 2016 You’d be forgiven for thinking the investment industry is united against Brexit. Accompanied by alarming forecasts about the impact of a Leave vote on sterling or the risk to various sectors of the UK economy, repeated reports have painted the referendum as a choice between emotion and reason, with Remain the only sensible option for [...]
Burberry share price down as retailer needs “accelerated actions” to keep profits steady against Chinese slowdown October 15, 2015 Burberry shares fell 11 per cent in morning trading as the company warned of deeper and quicker costs to keep profits on track, against falling demand in China and Hong Kong. The figures Overall, Burberry’s retail sales ticked up by two per cent, despite what the company is calling an “increasingly difficult” environment for luxury, to [...]
Land Registry: UK house price growth in August at lowest level in two years September 28, 2015 House prices rose by 4.2 per cent year-on-year in August, according to the latest survey from Land Registry. This is the weakest annual pace since November 2013 and compares with an annual growth of 4.7 per cent in July. The average value of all properties across the UK – now £184,682 – was up 0.5 [...]
“It is precisely now that we need more Europe”, says German Chancellor Angela Merkel alongside French President François Hollande October 7, 2015 German Chancellor Angela Merkel told MEPs in Strasbourg that “it is precisely now that we need more Europe”, in a renewed effort to bolster support for consensus on the European migrant crisis. Read more: Cameron "hasn't got anywhere" with EU renegotiations In the first joint address to the European parliament since 1989, when French President [...]