Oil price drags on the FTSE 100 as airlines takeoff – London Report December 8, 2015 OPEC’S failure on Friday to agree to curb oil production weighed yesterday on the FTSE 100 index. The cartel failed to reach agreement despite a global supply glut and the strength of the dollar, which is leading to the collapse of global oil prices, with the resulting uncertainty hitting stock markets. The FTSE 100 closed [...]
FTSE closes flat as the oil and metal rout ends – London Report December 10, 2015 THE FTSE 100 index closed down yesterday despite a number of miners shaking off a volatile start to the day to close higher. The index closed 0.14 per cent down at 6,126 points, even though gains were seen at companies including Glencore, Rio Tinto and BHP Billiton, as well as Ashtead Group. “It [...]
Qatari Diar UK boss Michael Patrizio quits January 21, 2015 One of the architects of a raft of investments in London property by the Qatari royal family has stepped down. Michael Patrizio has been chief executive of Qatari Diar's UK arm since June 2013, but will leave next week to return to the US "due to ongoing family concerns", according to property industry magazine Estates Gazette. [...]
Where are the UK’s most powerful companies based? The FTSE 100 is more diverse than you think December 10, 2014 Conspiracy theorists may merrily refer to the "metropolitan elite", but it turns out that when it comes to the FTSE 100, the north-south divide is practically a myth: half of the companies on the index are based outside London, we've found, while others have made their homes all over the world Zoom out to see [...]
FTSE boosted by big oil and miners – London Report December 23, 2015 THE FTSE 100 index maintained gains yesterday to close up after the price of oil rose and a dead cat bounce from miners. The UK’s top blue-chip index shut 0.8 per cent higher at 6,083 points, led higher by a number of mining and oil companies. Anglo American closed 5.7 per cent up, while Antofagasta [...]
FTSE posts biggest one-day gain in over two months – London Report December 16, 2015 The top FTSE index rose yesterday after eight straight sessions of falls, with supermarkets, commodity stocks and firms with South African exposure among the companies rebounding from previous falls. The FTSE 100 was up 2.5 per cent at 6,017.79 points at its close, its biggest one-day gain in over two months, having fallen 8.5 per [...]
Winston Churchill funeral anniversary: Where’s the best place along the Thames to watch the Havengore? January 30, 2015 The boat that carried the coffin of Sir Winston Churchill down the River Thames during the statesman's funeral is recreating the journey as part of commemorations remembering the 50th anniversary of his death. The Havengore is travelling from Tower Pier to Festival Pier today as it did on January 30 back in 1965, culminating in [...]
City Moves for 16 February 2015 | Who’s switching jobs February 15, 2015 GE Capital Isabel Fernandez has been named chief commercial officer of the financial services unit of General Electric. Fernandez has been with the firm since 2000. Prior to starting with GE Capital, she was vice president of Project Finance at ABN Ambro Bank. Mediobanca The Italian-based bank has appointed Felipe De Grado as managing director [...]
From Hatton Garden heist to Eric Pickles in a pickle: Here’s what got us talking this week April 10, 2015 There was a jewel heist. There was plenty of oil. And somewhere in California, there was the world's first gathering of micronations. Here's what got us talking this week 1. There's oil in them there hills A huge oil well, thought to contain more of the black stuff than has been produced by [...]
Is the wine bar making a comeback? Pall Mall Fine Wines is giving it a bash February 5, 2015 The years have not been kind to the wine bar. Two decades ago it seemed there were three on every high street, offering a “sophisticated” alternative to the local boozer, where you could trot off to quaff some Chardonnay and talk about the hardships of the working week. As a journalist, I spent some of [...]