Rail minister commutes in chauffeured car January 7, 2013 THE GOVERNMENT minister responsible for setting rail fares will continue to use a chauffeur-driven car to commute into London from his Essex home, the Department for Transport insisted yesterday. The department was forced to make the statement after it emerged that Simon Burns, the minister who has ultimate responsibility for fare policy, has been using [...]
London Report: FTSE hits a five month high as banks recover October 24, 2013 BRITAIN’S main share index rose yesterday to a five-month high, boosted by strong earnings reports and a rebound in financial and basic material stocks. The blue-chip FTSE 100 index closed up 0.6 per cent, or 38.70 points, at 6,713.18 points, its first close above 6,700 since May. A daily close above 6,700 indicated that the [...]
Where to try your hand (and elbow and knee) at MMA December 17, 2012 LDG FITNESS CENTRE Former MMA champion Khalid Ismail (see left) trains himself and other pro fighters at the LDG Fitness Centre in Chadwell Heath, which he founded in 2006 after becoming disillusioned with the approach of more mainstream clubs. The gym promises a friendly, affordable high quality establishment in which to train. ldgfitnesscentre.com 13 Bridge [...]
London Report: Bank falls stop FTSE’s nine-day winning streak October 23, 2013 THE UK’S benchmark equity index fell yesterday to end a nine-session winning streak, as a drop in heavyweight banking shares dragged the stock market down from five-month highs. Nevertheless, several traders felt any pullback would be relatively short-lived and saw the UK stock market rallying into the end of 2013. The benchmark FTSE 100 index [...]
Duke and Duchess of Cambridge expecting baby December 3, 2012 THE Duke and Duchess of Cambridge yesterday confirmed they are expecting their first child. The royal couple, who wed last April, said they were “delighted” by the news. The 30-year-old duchess is not yet 12 weeks pregnant, but St James’s Palace was forced to make an early announcement as she has been hospitalised in London with [...]
Dealmakers already confident of better times ahead January 31, 2013 With the first month of the year out of the way, most investment bankers are beginning to feel a little bit chirpier – at least those of them lucky enough still to be in a job. In Europe, January has brought a few large deals to the markets, including ArcelorMittal’s $3.5bn (£2.21bn) mandatory convertible bond [...]
Savills fund focusing on prime London with first investment December 10, 2012 ESTATE agent Savills has made the first two purchases through its prime London residential fund, betting on adjacent Chelsea properties as demand for high-end living space in the capital continues to grow. Cordea Savills, the international property fund manager owned by Savills, has paid around £40m for a former chapel and a former college building between [...]
London Report: House prices set for high point as market surges October 6, 2013 HOUSE prices will be in the spotlight today, as the Royal Institution of Chartered Surveyors (RICS) house price index is released and the Help To Buy scheme kicks off nationally. Last month saw a seven-year high for the survey, leading RICS to call on the Bank of England to cap house price inflation at five [...]
What the other papers say this morning January 22, 2013 FINANCIAL TIMES New hedge fund cuts fees One of the UK’s fastest-growing hedge funds is slashing fees, hoping it will spark a rethink of the industry’s high charges. The Core Macro fund from Cambridge-based Cantab Capital will employ similar trading strategies as funds from Man Group, Winton Capital and BlueCrest, three of the world’s biggest [...]
London Report: FTSE hit by US debt and weak sales in China October 7, 2013 BRITAIN’S main share index fell yesterday, with broad sentiment bruised by political stalemate over the US debt ceiling, and with luxury goods group Burberry hit by concerns over a slowdown in its sales in China. The US government moved into a second week of shutdown, raising the risk that a compromise will not be reached [...]