Three things Boris wants to build at Heathrow instead of a new runway March 31, 2014 The Mayor of London has been a vocal supporter of a new airport to the east of London, so much so that one of the options was at one stage nicknamed Boris Island. Today, Boris Johnson has set out three possible uses for Heathrow if it were to close and make way for an East [...]
Boris follows Cameron to the Two Cities lunch April 15, 2014 PUNDITS watching to see if Boris Johnson will try to return to parliament and run in the next election might be pricking their ears at the news from the Two Cities Conservative fundraiser. Following David Cameron’s guest appearance at last year’s do, Boris Johnson has been revealed as this year’s guest and by all accounts, [...]
Racing City heads make waves over at the Royal Victoria Dock March 31, 2014 THE FOUNDER of foreign exchange consultancy IFX, Nick Williams, has just enjoyed a triumphant weekend down by Canary Wharf – although his success had little to do with currency fluctuations. Williams and his navigator, RSA risk consultant Martin Robinson, raced his IFX P1 powerboat to victory in the Royal Victoria Dock during a two-day event [...]
Oil lows hurt Shell but give EasyJet an easy ride on FTSE – London Report January 29, 2015 OIL GIANT Royal Dutch Shell weighed heavily on the FTSE-100 yesterday after it missed profit expectations. The blue-chip FTSE 100 index ended down 0.2 per cent at 6,810.60 points as Shell dropped 4.9 per cent, among the worst-performing FTSE 100 stocks in percentage terms. The company also announced a $15bn (£9.9bn) cut in spending due [...]
Police robot deployed at Bank of England over suspect car May 15, 2014 The roads around the Royal Exchange and Bank of England have been closed down and a police robot has been deployed, as a result of a suspect vehicle. It's rare to see the City so empty – and as the pictures below reveal, the closure has caused chaos for commuters. City Police have tweeted that [...]
Online retailing boosts delivery stats at UK Mail April 9, 2014 DELIVERY group UK Mail reported a solid end to the financial year yesterday, with revenues for the last three months up six per cent. Parcel volumes rose by 15 per cent, which the London-listed firm said reflected the rapid growth of home deliveries for online purchases. The company, which competes with Royal Mail and TNT [...]
Saga puts retail investor at heart of London float April 30, 2014 SAGA, the over-50s holidays-to-insurance provider, yesterday unveiled plans for the biggest flotation in London this year, as a stampede of silver haired savers registered to snap up shares in the listing. The business, which was founded by east end hotelier Sidney De Haan in 1950, said it would raise £550m in an initial public offering [...]
StanChart’s new man lifts FTSE to a record level – London Report February 26, 2015 Britain’s top equity index yesterday hit a record closing high – for the second time this week – helped by a surge in the share price of the Asian-focused bank Standard Chartered. Standard Chartered advanced by 5.4 per cent as traders welcomed its appointment of a new chief executive, former JP Morgan investment bank boss [...]
London bounce for new listings on stock debuts March 31, 2014 NEWLY listed shares in London outperform the wider market by 10.5 per cent in the first year according to a new study, sharpening the investment potential of the current crop of firms seeking a listing. Newly listed shares, sold through initial public offerings (IPOs), also outperform their more established rivals over the first six months [...]
ECB bond-buying programme sends indices soaring up – London Report January 22, 2015 THE EUROPEAN Central Bank’s €1.14 trillion bond-buying programme sent UK shares to their highest level for four months yesterday. The FTSE 100 finished up 68.59 points, or 1.02 per cent, at 6,796.63, its highest since 19 September last year. Among the risers Royal Mail gained 3.55 per cent to 445.80p after a good Christmas performance [...]