What the other papers say this morning – 1 October 2013 September 30, 2013 FINANCIAL TIMES Weidmann in sovereign debt warning Jens Weidmann, president of the Bundesbank, has risked angering Europe’s crisis-hit governments by warning of the dangers posed by high levels of sovereign debt on banks’ balance sheets. He wrote: “The time is ripe to address the regulatory treatment of sovereign exposures.” US asset managers face extra scrutiny [...]
Luxurious living locked-up at The Courthouse, Westminster September 26, 2013 Central London homes sit on historical site DEVELOPERS hope they have done justice to the site of a grand old courthouse with its new luxury development at the heart of London. The Courthouse, the latest premium scheme by Barratt London, is located in popular Westminster on the site of the City of Westminster Magistrates Court [...]
Focus on… Hammersmith: It’s Hammersmith time in London September 26, 2013 HOMES in Hammersmith are increasing in value as young professionals and families compete for properties in the area. Bordered by Shepherd’s Bush in the north and Fulham in the south, the west London area has found its housing stock in short supply in recent years, leading to an average of six applicants per property and [...]
Riverstone aims to raise £1.5bn in energy float September 24, 2013 PRIVATE equity firm Riverstone Holdings yesterday said it is planning to float a new energy investment vehicle, Riverstone Energy, on the London Stock Exchange, in an initial public offering to raise up to £1.5bn. Lord Browne, former boss of oil major BP, is a partner at Riverstone Holdings and will take a board seat at [...]
Orient to continue stadium fight September 19, 2013 FOOTBALL: Leyton Orient appear unwilling to give up the fight for shared tenancy with West Ham of the Olympic Stadium, despite yesterday losing their bid for a judicial review of the decision. Judge Mr Justice Lewis heard arguments from lawyers for both clubs at the High Court before rejecting Orient’s application, who will now take [...]
Royal Mail faces legal fight over tax exemptions September 15, 2013 THE GOVERNMENT’S plan to privatise the Royal Mail came under attack this weekend as the postal service faces legal action over its VAT exemption status as well as the increasing possibility of strike action over its float. TNT Post UK will go to the High Court on 26 November to challenge the Royal Mail’s 20 [...]
Success for UK in fight to curb Brussels rules September 12, 2013 BRITAIN took a vital step towards curtailing the power of European financial regulators yesterday after a court ruled EU efforts to curb short selling gave away too much power to Brussels. A high ranking legal opinion from the European Court of Justice (ECJ) said the bid by EU-wide financial watchdog the European Securities and Markets [...]
Bernanke’s successor will have more than monetary policy to worry about September 12, 2013 US FEDERAL Reserve watchers have taken a break from trying to figure out when the Fed will cut off its bond-buying programme to speculate about who will succeed chairman Ben Bernanke when his second term finishes at the end of January 2014. We haven’t had the opportunity to pick a Fed chair since before the [...]
A well-produced morality play for the modern age September 12, 2013 THEATRE THE RITUAL SLAUGHTER OF GORGE MASTROMAS Royal Court | By Xenobe Purvis Four Stars PLAYWRIGHT Dennis Kelly creates a morality play for the modern age in The Ritual Slaughter of Gorge Mastromas, his enthralling debut at the Royal Court. Its premise is simple: an affable everyman is offered the opportunity to succeed, a Faustian [...]
Met to pay out millions for factory ruined during London riots September 12, 2013 Insurers acting for the Sony factory that was razed to the ground during the 2011 summer riots have won their case against the Metropolitan Police. Although the payout is yet to be determined, insurers for Sony were seeking £49.5m. The distribution warehouse in Enfield Lock was looted and torched on 8 August 2011 by [...]