Gulliver’s off to quiet start at HSBC May 11, 2011 IN the ever changing world of banking, it was the turn of HSBC’s new chief executive Stuart Gulliver yesterday to inform investors of his bank’s strategy for the future. In recent weeks, both Bob Diamond of Barclays and António Horta-Osório of Lloyds Banking Group, have had a turn at imposing their personalities at their new [...]
Cheesegrater skyscraper to get go ahead October 25, 2010 British Land is teaming up with Canada’s Oxford Properties to develop the Leadenhall Building in the City financial district, the second crisis-hit skyscraper project to be revived within a week. Britain’s second-largest property company yesterday said it had agreed terms to build the 47-storey scheme in a 50:50 joint venture with the real estate arm [...]
FSA GIVES GREEN LIGHT TO TWITTER HEDGE FUND May 9, 2011 GOOD news for Paul and Simon Hawtin, the brains behind the world’s first social media-based hedge fund, after the FSA yesterday gave the venture the green light to open for business. The approval for the fund, a spin-off of Derwent Capital that will monitor sentiment threads on Twitter to predict swings in the Dow Jones [...]
FSA GIVES GREEN LIGHT TO TWITTER HEDGE FUND May 9, 2011 GOOD news for Paul and Simon Hawtin, the brains behind the world’s first social media-based hedge fund, after the FSA yesterday gave the venture the green light to open for business. The approval for the fund, a spin-off of Derwent Capital that will monitor sentiment threads on Twitter to predict swings in the Dow Jones [...]
Walkie Talkie work restarts after JV deal October 19, 2010 PROPERTY firms Land Securities and Canary Wharf Group (CWG) will team up to build the £500m Walkie Talkie project on 20 Fenchurch Street, the pair announced yesterday. Land Securities has sold the site to a newly-formed 50-50 joint venture with CWG for £90.2m, in line with the March 2010 valuation. Preparatory work on the cleared [...]
Songbird is in talks to build Walkie Talkie September 23, 2010 SONGBIRD, the property company that owns most of Canary Wharf, has confirmed it is in talks with Land Securities to resurrect the abandoned Walkie Talkie project on Fenchurch Street . “We are in advanced discussions about a 50-50 joint venture, and we are expecting a decision in the near term,” Songbird secretary John Garwood told [...]
Three bidders left in race for Olympic site April 6, 2011 THE OLYMPIC Delivery Authority (ODA) has narrowed its search for the future owner of the Olympic Village to three candidates, it announced yesterday, as the Games organisers prepare to launch a massive advertising campaign to drum up ticket applications. Hong Kong conglomerate Hutchison Whampoa has been shortlisted, alongside medical charity Wellcome Trust and a consortium [...]
Three bidders left in race for Olympic site April 6, 2011 THE OLYMPIC Delivery Authority (ODA) has narrowed its search for the future owner of the Olympic Village to three candidates, it announced yesterday, as the Games organisers prepare to launch a massive advertising campaign to drum up ticket applications. Hong Kong conglomerate Hutchison Whampoa has been shortlisted, alongside medical charity Wellcome Trust and a consortium [...]
All change for Square Mile shopaholics October 24, 2010 SHOPPING centre One New Change opens its doors to customers on Thursday, though up to 30 per cent of the shops will not be ready for the launch. Several people close to the development have said between 70 and 90 per cent of retailers will open on Thursday, with the rest aiming to complete their [...]
Gulliver: Commercial banking is our DNA May 11, 2011 HSBC unveiled a strategic overhaul yesterday that will see the bank cut up to $3.5bn (£2.14bn) in costs, cut “subscale” retail operations and review its presence in 39 countries. “We are not going to try to be all things to all people in all markets,” said chief executive Stuart Gulliver as he launched a plan [...]