FTSE 100 index opens marginally down despite gains from RSA, AstraZeneca and Glencore November 5, 2015 The FTSE 100 opened marginally lower this morning, despite a positive outlook from AstraZeneca and RSA, and continued support for Glencore following on from yesterday. The UK's top bluechip index was down 0.25 per cent at 6,395 points, led lower by supermarket Morrisons, which reported sales continued to tumble this morning. Total sales excluding fuel were down two per cent, while [...]
RSA share price soars as insurer insists turnaround is on track after collapsed Zurich deal November 5, 2015 The UK insurer has been pummelled by currency headwinds and volatile financial markets, but insists its turnaround remains firmly on track – despite the failed deal with Swiss rival Zurich. The figures RSA reported underlying premium income of £4.4bn for the year to date, up one per cent against last year. The insurer said profit [...]
London weather: Thick fog prompts Heathrow, City Airport to cancel flights, drivers warned to go slowly as Met Office issues severe weather warning for much of UK November 2, 2015 Thick fog was causing travel chaos across London this morning, with flights in and out of London airports cancelled. The Met Office issued a severe weather warning for heavy fog from Sunday night "becoming widespread and dense in places by Monday morning". Yellow warnings were in place for London and the South East, South West, Wales, East Midlands, [...]
London property prices: Global firms drive demand for prime flats in the capital – but at a bargain October 19, 2015 Global multinationals are feeling increasingly plucky about the economic outlook and their future assignments, which is helping to drive demand for prime residential accommodation in the world’s gateway cities such as London and Hong Kong. However, Knight Frank’s latest research shows they are becoming more price conscious – with their employees being encouraged to seek [...]
The world’s 10 best airports 2015 in pictures from Singapore Changi International and Seoul Incheon to Tokyo Haneda October 19, 2015 Killing time before a flight is hardly a pleasant experience. It’s crowded, stressful, and the chairs are always uncomfortable… But maybe we’re just flying from the wrong airports? The top 10 airports in the world have been ranked by Sleeping in Airports, based on users’s votes. Asian airports outstrip the rest by far, making up [...]
London’s just been named the world’s most powerful city for the fourth time in a row thanks to its strong economy October 14, 2015 Rejoice, fellow Londoners, for our fair city has been ranked number one in an index of the world's most powerful cities for the fourth time in a row, largely thanks to its strong economy. Negative inflation? What negative inflation? The Global Power City Index, by the Mori Memorial Foundation's Institute for Urban Strategies, ranks cities by [...]
City Moves for 13 October 2015 | Who’s switching jobs October 12, 2015 CITY NOBLE The pensions and investment advisory firm has appointed Mike Webb as associate in its advisory business. He was previously head of distribution and marketing for the Axa corporate investment platform, and senior business development manager in Standard Life’s corporate pensions division. CBRE The commercial real estate services and investment firm has appointed Milan [...]
Fifa corruption claims: Uefa boss Michel Platini follows Sepp Blatter’s lead and appeals 90 day suspension October 10, 2015 Uefa president Michel Platini has followed Sepp Blatter's lead by appealing his 90 day ban from Fifa over allegations of corruption. Read more: Fifa suspends president Sepp Blatter and Uefa's Michel Platini Platini and the embattled Fifa president, along with Fifa general secretary Jerome Valcke, were all suspended from footballing activity by the Fifa ethics committee this week as it [...]
Global rents for high-end homes at slowest rate of growth since 2010 October 8, 2015 Global rents for high-end homes grew at their slowest rate in more than five years in the second quarter, research out yesterday claimed. Knight Frank’s index of prime residential rents rose by 0.2 per cent in the year to June, down from 3.2 per cent two years earlier and marking the slowest rate of [...]
RSA prepares to make more overseas sales September 27, 2015 British insurer RSA is believed to be preparing to sell its Russian and Middle East operations in the next few months. The company has been disposing of its non-core business over the past two years, since chief executive Stephen Hester was brought on board to turn the group around. Earlier this month, the insurer sold [...]