Move into the heart of city living October 24, 2013 Make a smart international investment or simply live among some of the world’s most famous landmarks There are certain things non-Londoners take for granted that seem like every-day miracles to those living in the capital. Walking to work is one of them – the morning commute is inescapable in the Big Smoke. You can also [...]
Golf courses use more land than UK homes November 12, 2013 EVERY home in England would fit on the same small amount of land we devote to full-sized golf courses, according to a shocking analysis of the UK’s housing shortage. On estimates from Colin Wiles of Inside Housing and the housing charity Shelter, roughly 1.1 per cent of the country is used on full-size golf courses [...]
Growth commission launched by departing Goldman Sachs chair October 28, 2013 RETIRING Goldman Sachs chairman Jim O’Neill will today launch the City Growth Commission, an independent group tasked with exploring how England’s cities and regions can become part of the UK’s economic recovery. Launched in conjunction with the Royal Society for the encouragement of Arts, Manufactures and Commerce (RSA), the commission will work with Whitehall, business [...]
Biggest privatisation in decades as Royal Mail float expected to raise £2.8-2.9bn in coming weeks September 12, 2013 The government has confirmed that it will now sell off Royal Mail "in coming weeks" as unions prepare strike action over what will be the biggest privatisation in decades. When offered to private hands on the London Stock Exchange, Royal Mail could go for as much as £3bn according to estimates. ETX Capital's spread suggests [...]
Delivering a privatisation by punishing enthusiasm is wrong October 10, 2013 IT IS an utter scandal that those who applied for more than £10,000 worth of Royal Mail shares were awarded nothing. Why? Since when is a privatisation to be conducted along class war lines? And if that is what the coalition wanted in the first place, why not cap the allocation from the start, or [...]
A feast fit for a king to raise money for our real heroes September 29, 2013 THE Square Mile Salute: a feast fit for a king led by culinary legends, Albert Roux OBE, KFO and Michel Roux Jr; including a Royal Reception prepared by the Royal chef, Mark Flanagan, chef to Prince Albert of Monaco, Christian Garcia and The Royal Automobile Club’s executive chef Philip Corrick. Friday 18 October sees the [...]
Merlin plumps for 315p price for new shares November 7, 2013 SHARES in the Madame Tussauds owner Merlin Entertainments will start trading today following a sales process that had to be brought forward because it was going so well. Advisers to the float, which include Goldman Sachs, Barclays, Citigroup, Morgan Stanley and Lazard, yesterday agreed a price for the new shares of 315p, valuing the firm [...]
London Report: FTSE is bolstered by doveish Bank data and thin trading August 13, 2014 THE FTSE yesterday ended slightly higher in thin trade, boosted by a doveish message from the Bank of England. Britain’s leading index closed 24.26 points higher, or 0.4 per cent, at 6,656.68 points after a choppy session marked by low trading activity. Shares in G4S, the world’s biggest security company, led advances, up 5.3 per [...]
What the other papers say this morning – 21 October 2013 October 21, 2013 FINANCIAL TIMES Cameron to build on Royal Mail sale David Cameron is planning to build on the huge popularity of the Royal Mail privatisation by prioritising retail investors for the sell-offs ahead of the general election in 2015. Attracting retail investors will be a key aim as the government prepares to complete the sales of [...]
London Stock Exchange sees value of floats double in 2013 September 26, 2013 COMPANIES have raised £9.3bn through London floats since March, it was revealed yesterday – more than double the amount raised from IPOs in the whole of last year. London Stock Exchange Group (LSE) said it helped 63 firms go public in the five months to 31 August, against just 53 in 2013. This is set [...]