Westminster bins new parking fee January 18, 2012 Westminster Council will today officially scrap its plans to charge motorists for off-peak parking in the West End. The council had set up a commission to look at the new charge, but was facing opposition from local businesses and workers. Colin Barrow, the outgoing council leader who said last week he would step down, is [...]
WHAT THE OTHER PAPERS SAY THIS MORNING March 18, 2012 FINANCIAL TIMES BANKING QUINTET UNITE FOR HEDGING TOOL Five banks have joined forces to create a hedging tool designed to improve the health of their balance sheets and protect them against market sell-offs as international regulations force institutions to increase the quality of their assets. Barclays Capital, HSBC, Lloyds, Nomura and UBS are to launch [...]
Government loses its solar panel appeal January 25, 2012 THE SOLAR power industry has received a boost in the courts, after judges upheld a decision blocking the government’s attempts to cut solar subsidies. The Court of Appeal case involved the government’s move to halve the payments made to households with solar panels. Under the programme the households are paid for the electricity they generate. [...]
Government loses its solar panel appeal January 25, 2012 THE SOLAR power industry has received a boost in the courts, after judges upheld a decision blocking the government’s attempts to cut solar subsidies. The Court of Appeal case involved the government’s move to halve the payments made to households with solar panels. Under the programme the households are paid for the electricity they generate. [...]
FTSE dwindles as defensive stocks drop ahead of Fed and euro news September 10, 2012 BRITISH blue chip shares dipped yesterday as weakness in defensive stocks outweighed strength in risk-sensitive cyclicals, such as miners, and investors positioned for more newsflow out of Europe and the United States. The FTSE 100 closed down 1.60 points, or 0.03 per cent, at 5,793.20, with the index yo-yoing in a tight range around the [...]
Lenders pay to lend to Germany as Spain back above key barrier July 9, 2012 SPANISH bond yields broke through the psychologically significant seven per cent barrier yesterday, on renewed doubts surrounding the Euro crisis. Ten-year yields rose nine basis points to 7.07 per cent, while in Italy yields rose eight basis points to 6.11 per cent. Analysts put the incline down to fears that EU politicians would fail to [...]
Virgin launches legal challenge August 28, 2012 THE HANDOVER of the West Coast Main Line was last night plunged into chaos after Virgin Trains, the losing bidder for the route, mounted a legal challenge just hours before the final sign-off. The government had been due to formally approve FirstGroup as the new operator of the franchise as early as today, but the [...]
Markets dip on Wall Street as tech stock falls September 10, 2012 WALL Street stocks fell yesterday as investors locked in gains on a recent rally ahead of possible policy action from the Federal Reserve later this week, while weakness in Intel shares weighed on the Nasdaq. The benchmark S&P 500 index closed at highs last week not seen in nearly five years, motivating some investors to [...]
I’ve been stitched up, says Terry July 10, 2012 FORMER England captain John Terry yesterday said he had been “stitched up right and proper” by allegations of racial abuse, as he took to the witness box for the first time in his high-profile criminal trial. Terry denied he had “snapped” and called Anton Ferdinand a “f****** black c***” in response to being taunted by [...]
WHAT THE OTHER PAPERS SAY THIS MORNING February 15, 2012 FINANCIAL TIMES FOREIGN OFFICE PLANS £240M WORTH OF PROPERTY SALES The Foreign Office has drawn up plans to sell hundreds of embassies and homes worth nearly a quarter of a billion pounds as it increases its presence in fast-growing countries such as China and Brazil. The Foreign Office has hired property agents CBRE and DTZ [...]