Qataris make millions from Barclays sale October 20, 2009 GULF state vehicle Qatar Holding yesterday offloaded half of its share warrants in Barclays, netting the bank’s biggest shareholder a fast profit of over £600m. Qatari investors, who still hold a direct shareholding of over seven per cent in Barclays, were issued with the warrants last November at a subscription price of 197.775p, as part [...]
Nomura wins six year holiday August 31, 2009 JAPANESE bank Nomura has won a six year rental break on its new headquarters at Thameside complex Watermark Place. The bank will today sign for the 525,000 sq ft development in what is the biggest City property deal this year. Nomura will not be paying any rent for 70 months until 2015, the bank confirmed [...]
City airport set to launch first NY flight September 27, 2009 BRITISH AIRWAYS (BA) is launching its business class only London to New York service tomorrow, despite the massive slump in business and first class travel that has resulted from the downturn. The service, which will run from London City airport, will cost those wanting a return trip, in a fully-flat bed, on one of two [...]
The City’s biggest names read City A.M. every day October 22, 2009 SIR RICHARD BRANSONVirgin“Well done to the team at City A.M. on reaching your 1,000th edition – it is an impressive achievement in an industry almost as tough as the airline one.” AMANDA STAVELEYCEO, PCP“Well done City A.M. on reaching this important milestone. Whenever I’m in the UK I try to see a copy. You report [...]
FOCUS ON: BOW, E3 September 10, 2009 CHISENHALE ROAD, E3Price: £799,950This large three-bedroom house is located in a quiet residential street but within walking distance of the amenities of Victoria Park and Mile End Tube station. Set over three floors, the property has a spacious open-plan living room, family bathroom, separate shower room and a large kitchen. The rear garden backs onto [...]
Boris Johnson taps business for 4.1bn of Crossrail funds July 30, 2009 MAYOR Boris Johnson yesterday outlined details of his plans to tap London firms to fund the Crossrail scheme, under which around half of the total tax revenue will be met by businesses on the City, Canary Wharf and Westminster patch. The plans state that from April 2010, an initial levy of 2p in the pound [...]
NEW SUNDAY TELEGRAPH BUSINESS EDITOR ON STEEP LEARNING CURVE August 20, 2009 AS A replacement for Sky’s newest business recruit Mark Kleinman, a man with one of the fattest contact books in journalism, the appointment of Kamal Ahmed as Sunday Telegraph business editor was never going to sit well with his jilted rivals. Ahmed, currently head of comms at the Equality and Human Rights Commission and a [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 21, 2009 FINANCIAL TIMES MACQUARIE MOVING TO DRAPERS GARDENSMacquarie has agreed a deal to occupy one of the largest developments in the City of London, raising expectations of a surprise shortage of new office space in the Square Mile. The Australian financial group will move into the majority of the Drapers Gardens scheme near the Bank of [...]
BORIS ‘CIRCUS’ TAKES A HIT FROM TREASURY RINGMASTER MYNERS September 3, 2009 BORIS Johnson’s visit to Brussels yesterday looks to have ruffled quite a few feathers in the austere halls of the Treasury, which is now claiming it should be hogging the glory for defending the City’s hedge funds against the EU’s evil draft directive on alternative investment fund managers. Lord Myners, the City minister, yesterday got [...]
China bank plans London launch July 15, 2009 Chinese commercial banking giant China Merchants Bank is launching an office in London with an eye to rolling out across Europe. The bank is currently seeking authorisation from the Financial Services Authority to offer services in the UK, following the launch in Canary Wharf of China Construction Bank in June.