Don’t let retrospective rules put out the lights March 1, 2012 THE laws of physics have apparently been reinstated. The suggestion from Cern at the end of last year that neutrinos could travel faster than light sent our models of the universe atremble – but Cern, having turned everything off and on again, now puts the effect down to some faulty wiring. The rule of law, [...]
Investor piles pressure on troubled UBS September 20, 2011 EMBATTLED bank UBS faces new pressure after its largest shareholder broke its silence to criticise the failures that led to the $2.3bn (£1.5bn) “rogue” trading scandal. The Government of Singapore Investment Corp, which has a 6.4 per cent stake in UBS, has met senior managers and urged them to take “firm” action to restore confidence, [...]
Free Cities: How countries worldwide are unleashing new economic prosperity January 26, 2012 AN ASTONISHING 3.3bn people will move from the countryside to live in cities over the next forty years. How will we handle that influx? By installing better legal systems worldwide. Legal institutions determine whether nations are rich or poor. Think of East and West Germany and North and South Korea, two controlled experiments in which [...]
Free Cities: How countries worldwide are unleashing new economic prosperity January 26, 2012 AN ASTONISHING 3.3bn people will move from the countryside to live in cities over the next forty years. How will we handle that influx? By installing better legal systems worldwide. Legal institutions determine whether nations are rich or poor. Think of East and West Germany and North and South Korea, two controlled experiments in which [...]
SELL September 29, 2011 MANAGING DIRECTOR OF CENTRAL LONDON ESTATE AGENCY, KAY & CO Q.I have a small patio garden at my house in central London but am considering putting up a conservatory in the space so that I can use it all year round. Will this help me when I sell? A.On the face of it this seems [...]
CITY MOVES | WHO’S SWITCHING JOBS| WHO’S SWITCHING JOBS September 27, 2011 Natixis Henrik Warebon (pictured) has joined Natixis as global head of commodities to lead commodities activities within the fixed income, commodities and treasury department. Warebon started his career at Goldman Sachs, followed by roles at Lehman Brothers, Hetco and BP, where he was global head of crude oil trading. In addition, Andy Gooch, head of [...]
Taylor Wimpey restores dividend February 29, 2012 Housebuilder Taylor Wimpey said it had resumed paying a dividend as its tactic of focussing on margins rather than volume helped enable a swing back to profit. The company reported an underlying pretax profit of £90m in the 12 months to end-December, compared to a loss of 28 million pounds in 2010, on continuing operations [...]
Haadeeth and The Strig look good in Sprint Series Final February 23, 2012 THE Blue Square Sprint Series has been a tremendous initiative over the past two months and tomorrow’s £15,000 Grand Final (2.15pm) looks a cracking contest. All the key protagonists from the Series are lining up and any one of the 12 runners could quite feasibly land the prize. What seems certain is that there will [...]
Boxing clever: the new Land Rover January 24, 2012 Right now Land Rover’s design team is halfway through a programme to redesign the world’s most famous 4×4, the Land Rover Defender. The goal is to take the key elements of the iconic car and create a cool, new and modern version of a design that has remained mostly unchanged since 1948. For the time [...]
Boxing clever: the new Land Rover January 24, 2012 Right now Land Rover’s design team is halfway through a programme to redesign the world’s most famous 4×4, the Land Rover Defender. The goal is to take the key elements of the iconic car and create a cool, new and modern version of a design that has remained mostly unchanged since 1948. For the time [...]