Reforms cut £350m of red tape on firms March 23, 2011 A RAFT of micro reforms to planning laws and business regulation were introduced in the Budget to boost growth in UK enterprise yesterday. Key supply-side reforms included sweeping changes to planning laws, to wave through applications for sustainable development and tear up nationally-imposed targets on the use of brownfield land. “We will introduce a new [...]
Reforms cut £350m of red tape on firms March 23, 2011 A RAFT of micro reforms to planning laws and business regulation were introduced in the Budget to boost growth in UK enterprise yesterday. Key supply-side reforms included sweeping changes to planning laws, to wave through applications for sustainable development and tear up nationally-imposed targets on the use of brownfield land. “We will introduce a new [...]
The commercial property king who says the City is ready for take-off November 2, 2010 Land Securities’ chief executive leaps from behind his desk, bounding across his seventh floor office overlooking Trafalgar Square as he welcomes City A.M. – after years of stagnation, the country’s biggest property developer is on the move again – and it certainly seems to have put a spring in Francis Salway’s step. Last week, the FTSE [...]
ALL CHANGE AT LLOYD’S AS IT RINGS 25 YEARS May 26, 2011 IT MAY seem like only yesterday for many City veterans, but today marks 25 years since the first managing agents moved into the landmark Lloyd’s building on Lime Street. So happy anniversary to the insurance giant, which still shows traces of more than 300 years of Lloyd’s history, such as the famous Lutine Bell, which [...]
Glass towers reflect new opportunities for the City October 31, 2010 LAST week was widely reported as a good news week for the City; two more skyscraper projects – British Land’s Cheesegrater and Land Securities’ Walkie Talkie – were revived and One New Change, the new jewel in the City’s retail offering, opened to huge fanfare and to huge crowds. All of this is of course [...]
BEST OF THE BROKERS March 2, 2011 ASSOCIATED BRITISH FOODS Morgan Stanley rates the retail group “equal-weight” with a target price of £11. The broker has trimmed its earnings estimates by 2.5 to three per cent over the next three years and cut its target price by 50p following the firm’s recent results. Morgan Stanley believes that UK like-for-like sales are now [...]
Minerva September 21, 2010 TENANTS should be banging Minerva’s door down. Its futuristic Walbrook development, which boasts 440,000 square feet, is one of the only buildings capable of housing a large tenant within the Square Mile. But it has lost out on some important signings – BlackRock went to Songbird’s Drapers Gardens while Macquarie signed a lease at British [...]
BEST OF THE BROKERS August 5, 2010 LLOYDS BANKING GROUP Lloyds Banking Group has delivered strong half-year results, according to Citigroup, which gives the bank a “buy” recommendation. Citi said that Lloyds is well ahead on strong margin expansion and believes that the full year consensus for the bank’s combined businesses before tax profit is likely to settle in a range of [...]
Crocked Sheridan out of Six Nations March 1, 2011 ENGLAND prop Andrew Sheridan will miss the remainder of the RBS 6 Nations campaign after tearing his calf in last Saturday’s 17-9 win over France at Twickenham. The news is particularly galling for the 31-year-old considering Martin Johnson’s side are just two wins away from landing their first Grand Slam since 2003. Sheridan was replaced [...]
Crocked Sheridan out of Six Nations March 1, 2011 ENGLAND prop Andrew Sheridan will miss the remainder of the RBS 6 Nations campaign after tearing his calf in last Saturday’s 17-9 win over France at Twickenham. The news is particularly galling for the 31-year-old considering Martin Johnson’s side are just two wins away from landing their first Grand Slam since 2003. Sheridan was replaced [...]