Land Securities in record sale June 17, 2010 PROPERTY developer Land Securities yesterday set a record for the sale of an undeveloped chunk of land in London, forward-selling a retail, office and residential development on Oxford Street to the Qataris. Barwa Real Estate, in which Qatar’s sovereign wealth fund is the biggest shareholder, agreed to stump up a total of £250m for the [...]
Online economy in UK is now worth £100bn October 27, 2010 THE UK’s internet economy is now worth a staggering £100bn a year, according to a landmark survey commissioned by search giant Google. The online economy now represents 7.2 per cent of UK GDP – more than construction, transport or utilities. The report shows this share is likely to grow by about 10 per cent a [...]
UK service sector growth slows in November December 3, 2010 GROWTH in UK service sector activity slipped back slightly in November, suggesting a slowdown in overall fourth-quarter economic output and no change to monetary policy anytime soon. The headline business activity index in the Markit/CIPS PMI index eased to 53.0 in November from October’s four-month high of 53.2 and bang in line with the forecast, [...]
UK service sector growth slows in November December 3, 2010 GROWTH in UK service sector activity slipped back slightly in November, suggesting a slowdown in overall fourth-quarter economic output and no change to monetary policy anytime soon. The headline business activity index in the Markit/CIPS PMI index eased to 53.0 in November from October’s four-month high of 53.2 and bang in line with the forecast, [...]
Travel and tourism is a global money-spinner May 31, 2010 YOU might not know it, but travel and tourism is one of the world’s most important sectors. Despite the downturn, it employs 235m people, which is equivalent to 8.2 per cent of all employment globally. Last year will go down in history books as the worst year ever for air travel demand, yet, that year, [...]
BP to take $500m Mexican hit April 8, 2010 BP will face costs of about $500m (£327m) in lost production and direct construction costs following the group’s decision to shut down 50 per cent of the wells feeding its Thunder Horse oil and gas platform. The group has had to postpone production at the platform, after problems such as inferior welding on subsea pipelines [...]
Firms hiring again to boost future growth October 17, 2010 WIDESPREAD recruitment freezes are now a thing of the past and firms are cautiously planning targeted hiring in the areas that will maximise growth, according to a survey published today by the CBI and recruitment consultants Harvey Nash. The survey of more than 2,000 businesses revealed that only seven per cent of firms are currently [...]
Firms hiring again to boost future growth October 17, 2010 WIDESPREAD recruitment freezes are now a thing of the past and firms are cautiously planning targeted hiring in the areas that will maximise growth, according to a survey published today by the CBI and recruitment consultants Harvey Nash. The survey of more than 2,000 businesses revealed that only seven per cent of firms are currently [...]
How World Cup 2018 bid works November 30, 2010 Tomorrow England will learn whether years of lobbying and some late schmoozing have paid off Q&A Q. How is the bidding contest decided? A.By a vote among the executive committee (ExCo) of world governing body Fifa, in Zurich tomorrow. Q. How does the vote work? A.The 23 ExCo members cast their votes in a secret [...]
How World Cup 2018 bid works November 30, 2010 Tomorrow England will learn whether years of lobbying and some late schmoozing have paid off Q&A Q. How is the bidding contest decided? A.By a vote among the executive committee (ExCo) of world governing body Fifa, in Zurich tomorrow. Q. How does the vote work? A.The 23 ExCo members cast their votes in a secret [...]