Focus on Canary Wharf: Riding on the wave of Canary Wharf November 7, 2013 Steeped in history, Canary Wharf was once part of the world’s largest port. Now the capital’s second most vibrant business district – after the ancient City of London – it is still a gleaming hub of international trade and commerce. The banks, law firms and media organisations that have joined its ranks have brought a [...]
Family homes with a modern twist December 5, 2013 Townhouses are standing tall next to the increasing numbers of towers that are dominating the skyline TOWNHOUSES were once the reserve of London’s nobility, standing tall around the boundaries of the City of London. But as the population rose, so did residential buildings and now it’s not unusual to live 10 or 20 storeys above [...]
Liberalise planning and housebuilding can revive growth April 27, 2013 THE UK economy has avoided a triple-dip recession, but recovery is proving elusive. GDP is still 2.6 per cent below its pre-crisis peak and only 0.4 per cent greater than in the third quarter of 2011. Some sectors remain very depressed – most obviously construction, where output is 18 per cent down from its peak. [...]
Unite to build student housing on its new car park in Wembley September 18, 2013 WEMBLEY is set to get more university housing, after Schroder Real Estate sold an acre plot of the north London site to student accommodation specialist Unite. The £7.4m site, currently a car park, will be the new home of a 684-room student block and 10,000 square feet of retail space, providing Unite and its Singaporean [...]
On the Beach travel website sold to new financial backers for £73m October 7, 2013 ONLINE travel agent On the Beach yesterday changed hands for £73m after its private equity backers Isis Equity Partners sold the business to rival Inflexion Private Equity. On the Beach, which was advised by DC Advisory on the sale, has around 900,000 customers and has grown sales from £78m to about £280m since Isis first [...]
Budget watchdog fears unsustainable GDP spurt December 5, 2013 BRITAIN’S recovery is faster than expected and the country should run a budget surplus in 2018-19, the Office for Budget Responsibility (OBR) said yesterday – but it also warned the UK will be held back by weak productivity and poor exports in the years ahead. Much of the growth has come from households running down [...]
What the other papers say this morning – 06 November 2013 November 5, 2013 FINANCIAL TIMES NHS chief says service bogged in law The NHS is becoming “bogged down in a morass of competition law” which is leading to higher costs and making it harder to reorganise services in the interests of patients, its chief executive said yesterday. Giving evidence to the health select committee, Sir David Nicholson suggested [...]
JP Morgan asked for $6bn to settle claim over mis-selling August 27, 2013 JP MORGAN Chase is being asked for $6bn (£3.9bn) by US housing finance regulators to settle allegations it mis-sold mortgage-backed bonds, it emerged yesterday. The Federal Housing Finance Agency (FHFA) sued the bank in 2011 over allegations it mis-sold bonds backed by sub-prime mortgages to government guarantors Fannie Mae and Freddie Mac. The FHFA, which [...]
Focus on… Pimlico: Live among Regency architecture in pretty Pimlico October 10, 2013 HANDSOME Pimlico sits to the south of its grander sister Belgravia in the heart of the City of Westminster. Separated by Victoria Station on the north side and the River Thames to the south, the small, mainly residential, area is known for its grand garden squares and impressive Regency architecture. It’s home to over 350 [...]
What the other papers say this morning – 26 September 2013 September 25, 2013 FINANCIAL TIMES Nokia asked Elop to give back €18m Nokia’s chairman asked Stephen Elop, the Finnish group’s former chief executive, if he would forgo part or all of his €18.8m pay-off several days ago as the furore over it grew. People close to Nokia said that as pressure mounted over the weekend from Finnish politicians, [...]