Banks come to fore as sector to report results – London Report October 25, 2015 BANKING results season is upon us, with three of the big four reporting this week. And on the economic front, third-quarter GDP figures are expected to show that the economy is slowing down due to weaker construction and manufacturing output. Corporates Royal Dutch Shell and BG Group also report in with updates, as does sector [...]
London house prices and UK rent rises to slow in 2015 December 18, 2014 London house prices are set to stall in 2015, the Royal Institution of Chartered Surveyors (RICS) said today. Prices in the UK are forecast to grow by three per cent in 2015, yet in the capital growth will be zero. Rents in the UK are expected to increase by just two per [...]
HSBC scandal takes the spark out of the FTSE – London Report February 9, 2015 THE UK’s top share index edged lower yesterday, hurt by a fall in HSBC after the bank admitted tax failings at its Swiss unit and by softer utility stocks. The blue-chip FTSE 100 index was down 0.2 per cent, or 16.29 points, at 6,837.15 points by the close, with United Utilities, National Grid and Severn Trent [...]
FTSE jumps as investors cheer the Fed rate rise – London Report December 18, 2015 TOP SHARE index, the FTSE 100, climbed yesterday, tracking gains on other equity markets after investors took the first US interest rate rise in nearly a decade as a sign of policymakers’ confidence in the world’s biggest economy. The FTSE rose 41 points, or 1.2 per cent to 6,102 points, but is down by around seven [...]
The artful dodger: Prolific forger Mark Landis gave all his counterfeit paintings away for free July 2, 2015 Mark Landis was 30-years-old and living alone in San Francisco when, on a whim, he decided to become a museum benefactor. “I had been seeing things on TV about wealthy philanthropists giving pictures away to museums in memory of people. I wanted to show my mother that I was doing well, I wanted to show [...]
RBS to put Aldgate office block up for sale with £90m price tag November 27, 2014 The Royal Bank of Scotland is close to putting one of its office buildings in Aldgate up for sale, as it looks to cut costs and tap into booming demand for property in London’s Tech City area. The bank has lined up agents at DTZ to sell Aldgate Union on Whitechapel High Street, with offers [...]
Celebrity historians launch campaign for EU referendum and claim there is no “European Demos” February 26, 2015 Some of Britain's leading historians have pledged their support for a new campaign to fight for a referendum on Britain's EU membership. Historians for Britain (HfB) is the sister organisation of Business for Britain (BfB), led by the distinguished campaigner Matthew Elliot. While BfB has sought to make the case for a different relationship with [...]
Blue-chip index falls for eighth straight session – London Report December 15, 2015 OIL AND commodity price concerns have continued to drag on the FTSE 100, with the index touching 10-week lows at its close last night. It finished down 1.3 per cent at 5,874, its eighth straight session of losses, and down around 10 per cent so far this year. The price of key metals, including copper [...]
For City’s new Lord Mayor Alan Yarrow charity starts at home November 9, 2014 Newly sworn in Lord Mayor of the City of London Alan Yarrow has had a big weekend. There have been golden carriages, Masai dancers, mechanical fish and fireworks. But there is more to being Lord Mayor than pomp and ceremony, and when it comes to charity, Alan Yarrow’s plan for the Lord Mayor’s Appeal is [...]
Lord Mayor’s Show 2014: Crowds line the City to see Alan Yarrow take over from Fiona Woolf November 10, 2014 Thousands of people lined the City’s streets on Saturday to enjoy the 799th Lord Mayor’s Show. The spectacle saw new Lord Mayor Alan Yarrow sworn in to take over from outgoing mayor Fiona Woolf. It also included marching bands, military formations and various carriages and walking performers. Read more: Lord Mayor's Show London 2015 [...]