Why Gatwick Airport’s new chief has Heathrow lined up in his sights October 10, 2010 SOME people need to have a lot on their plates if they are to thrive – and Stewart Wingate, Gatwick’s newish boss, is clearly one of these. The 39-year-old took up his post last December when the airport was bought by US investment fund Global Infrastructure Partners (GIP) for £1.5bn from Ferrovial-owned airports operator BAA, which [...]
Why Gatwick Airport’s new chief has Heathrow lined up in his sights October 10, 2010 SOME people need to have a lot on their plates if they are to thrive – and Stewart Wingate, Gatwick’s newish boss, is clearly one of these. The 39-year-old took up his post last December when the airport was bought by US investment fund Global Infrastructure Partners (GIP) for £1.5bn from Ferrovial-owned airports operator BAA, which [...]
Bewitching homes for beautiful living October 28, 2010 WHILE few sane people would relish the idea of cohabiting with a ghost or other supernatural presence, Britain is an old country and has its fair share — perhaps more than its fair share — of spooky residences. We have more graveyards than you can shake a stick at, and plenty of people have died [...]
Germany and France slam hedgie rules September 29, 2010 FRENCH economy minister Christine Lagarde looks set to dash hopes of an imminent deal on EU hedge fund rules when she meets finance ministers in Brussels this week, diplomats with direct knowledge of the matter said yesterday. France’s refusal to back a “passport” scheme that would allow foreign funds to do business across all of [...]
WHAT THE OTHER PAPERS SAY THIS MORNING August 22, 2010 THE SUNDAYS The Sunday Telegraph TESCO TO OPEN DRIVE-THRU STORE It has moved into banking, pet insurance and telecoms, but Tesco will expand its reach further this week with the launch of the UK’s first ever “drive-thru” supermarket. The service will allow customers to pick up their weekly shop without leaving their car. LIDL SET [...]
A recovery this year doesn’t mean that the worst is over March 15, 2010 SLOWLY but surely, activity is creeping back to the moribund commercial property sector. British Land and Songbird have signed tenants at their landmark developments Drapers Gardens and the Ropemaker, while it’s only a matter of time before Minerva finds an occupant for the now-complete Walbrook. That’s good news for adviser DTZ, which advised on Macquarie’s [...]
WHAT THE OTHER PAPERS SAY THIS MORNING March 15, 2010 THE SUNDAYS The Sunday Telegraph NIGERIA’S STATE OIL TO GO PRIVATE Nigeria’s state-owned National Petroleum Corporation (NNPC) has initiated talks with investment banks including Standard Chartered, JP Morgan, and Deutsche Bank to explore financing options as it changes into a fully privatised commercial company. GAMING GIANT TO SEEK LISTING Gala Coral, which is set to [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 14, 2010 FINANCIAL TIMES AIA CHIEF FAVOURS ORGANIC GROWTH AIA will address questions about its growth by increasing profitability and expanding organically rather than by pursuing acquisitions, according to the chief executive of the $30bn Asian life assurer about to list in Hong Kong. Mark Tucker told the Financial Times that AIA, which is being sold by [...]
Forget yachts, try tweeds and guns August 12, 2010 AMONG the UK’s high-earners, some race cars, others sail yachts and others engage in the age-old tradition of country sports. And with the grouse shooting season kicking off yesterday, keen field sportsmen might be tempted to invest in a shoot of their own. Shooting estates don’t often come on the market and usually come with [...]
Taylor Wimpey returns to profit August 3, 2010 Housebuilder Taylor Wimpey swung to a first-half profit and said trading is satisfactory. The company kicked off first-half results from British housebuilders by posting a pretax profit before exceptional items of £19.6m, compared with a loss of £68.9m in the same period last year. After exceptional items, its profit reduced for the six months to [...]