Service sector activity plunges to 20-month low January 6, 2011 Large swathes of the service sector suffered their first fall in output since April 2009 last month, a major survey showed on Thursday, pointing to a sharp slowdown in economic growth at the end of 2010. GDP probably grew by just 0.4 per cent in the last three months of 2010, lower than many economists [...]
WHAT THE OTHER PAPERS SAY THIS MORNING March 20, 2011 FINANCIAL TIMES RIO PLANS RUSSIAN DIAMOND PUSH AS IT EYES ALROSA TIE-UP Rio Tinto is planning a push into Russian diamond mining, eyeing a tie-up with Alrosa, the state-owned miner, as the global industry looks ahead to rising demand from China amid tight supply constraints. The company declined to comment on its intentions or on [...]
Work starts on Walkie Talkie tower January 18, 2011 CONSTRUCTION work began on the Walkie Tower on Fenchurch Street yesterday, kicking off three years of building work that is set to cost £500m and create around 3,000 jobs. Developers Land Securities and Canary Wharf Group agreed to resurrect the project as a 50-50 joint venture last October after it was shelved in 2009. Demolition [...]
Work starts on Walkie Talkie tower January 18, 2011 CONSTRUCTION work began on the Walkie Tower on Fenchurch Street yesterday, kicking off three years of building work that is set to cost £500m and create around 3,000 jobs. Developers Land Securities and Canary Wharf Group agreed to resurrect the project as a 50-50 joint venture last October after it was shelved in 2009. Demolition [...]
CITY SKYSCRAPERS UNDER CONSTRUCTION July 25, 2010 20 Fenchurch Street The Walkie Talkie Developer Land Securities Predicted completion 2014 Estimated construction cost £300m Size 500 feet high; 639,000 square feet of space 122 Leadenhall St The Cheesegrater Developer British Land Predicted completion at least 2012 Cost £286m Size 736 feet high; 612,000 square feet of space 22 Bishopsgate The Pinnacle Developer Arab [...]
WHAT THE OTHER PAPERS SAY THIS MORNING March 10, 2011 FINANCIAL TIMES LSE TO RING CHANGES WITH OPENING BELL REVIVAL The London Stock Exchange , whose trading pits disappeared 25 years ago, is reviving the buzz of the opening bell by recreating the ritual in its lobby. Construction starts today on a facility at LSE headquarters, next to St Paul’s Cathedral, that will probably feature [...]
WHAT THE OTHER PAPERS SAY THIS MORNING March 10, 2011 FINANCIAL TIMES LSE TO RING CHANGES WITH OPENING BELL REVIVAL The London Stock Exchange , whose trading pits disappeared 25 years ago, is reviving the buzz of the opening bell by recreating the ritual in its lobby. Construction starts today on a facility at LSE headquarters, next to St Paul’s Cathedral, that will probably feature [...]
Double-dip fears were a false alarm February 3, 2011 IT was only last week that many economists were tearing their hair out, despairing at appalling UK GDP figures for the final quarter of last year and hoping that they didn’t signal the onset of a real problem. Those preliminary figures – suggesting output fell 0.5 per cent – came laden with caveats, however, and [...]
Sentance is right – he will be missed February 1, 2011 INTEREST rates must rise: that is the message from Andrew Sentance, the distinguished monetary policy committee member, in his exclusive interview in today’s City A.M. (p1 and p13). It is good to see that Sentance, whose principled and intellectually rigorous warnings against inflation have been entirely vindicated, hasn’t changed his mind, despite the fourth quarter’s [...]
Carillion eyes support services as governments slash spending December 8, 2010 BUILDING and support services company Carillion plans to double revenue from its international business and expand its UK support services arm as governments look to cut costs by contracting out more services. Carillion said its Middle Eastern construction business had done well and annual earnings were on track to meet hopes. The firm works in [...]