London leads UK recovery, but large retailers drag on growth April 9, 2012 THE ECONOMY is growing once more – and London led the recovery in the first quarter, influential survey data showed yesterday. However, other indicators pointed to weakness in some parts of the UK, with increasing numbers of retailers entering administration in the first three months of the year. Every English region except the north east [...]
After a three-year wait … the Walbrook secures its first tenants January 24, 2013 THE WALBROOK Building opposite Cannon Street station has finally clinched its first two tenants, nearly three years since it was first built. Property developer Minerva, said it has secured the first deal with insurance broker, Arthur J Gallagher, which has taken offices on the ground floor and the whole of the seventh floor amounting to [...]
Tighter regulations won’t restore the City’s reputation for integrity February 12, 2013 FINANCIAL regulation is often defended on the grounds that financial products are complex and consumers do not understand them properly. But that is nothing special in itself. I know little about car repair. When I take my car to the garage, the mechanics start talking Esperanto to me about their plans, followed by “OK?” We [...]
Where next for the yellow metal? April 19, 2013 Gold experts Georges Lequime and Paul Tustain, both speaking at City A.M.’s Active Trader Conference this year, give their perspectives on recent moves in the price, what drives the precious metal, and what will happen next GEORGES LEQUIME FOR the first time in my twenty years as a gold fund manager, and previously sell-side analyst, [...]
Stansted’s new owners look for traffic growth January 20, 2013 STANSTED’S new owners are aiming to finalise their purchase by the end of February, before trying to reverse the London airport’s falling passenger numbers. Manchester Airports Group and Australia-based Industry Funds Management have pledged that it will be “business as usual” at Stansted while the pair’s £1.5bn acquisition is completed. The firms have said the [...]
Rapid responses December 2, 2012 New energy model [Re: Simpler energy tariffs will lead to higher bills and less competition, Thursday] It is a mistake for a prime minister to interfere in markets. Competition in the retail energy market was always a bad idea. Since the buying power of the domestic consumer is relatively small, competing for custom is correspondingly [...]
What the other papers say this morning February 14, 2013 FINANCIAL TIMES JPMorgan’s Gulati launches fund JPMorgan’s global head of equity proprietary trading is quitting to set up a hedge fund in Switzerland in what will be the first prominent launch of a fund since several bank spinouts floundered last year. Deepak Gulati, once one of the bank’s star traders, will launch Argentière Capital probably [...]
Guy Grainger to head Jones Lang December 5, 2012 Guy Grainger was yesterday named as UK chief executive of real estate services firm Jones Lang LaSalle from next year. Grainger, currently retail lead director and a UK board member, will replace Andrew Gould, who has been promoted into a senior regional EMEA (Europe, Middle East & Africa) role. Gould will take up the new [...]
Chinese firm to list in the UK December 9, 2012 CAMKIDS Group, a Chinese outdoor clothing retailer for kids, is set to list on London’s Alternative Investment Market with a market value of around £65m. The Jinjinag-based group, which makes everything from waterproof trousers to backpacks and hiking boots, announced today it has raised around £6m to invest in its expansion in its home market [...]
Every little helps as Tesco boosts FTSE December 5, 2012 Tesco proved that every little helps by assisting the FTSE to a healthy rise in early trading. The supermarket group admitted last night that it is considering giving up on its struggling US venture, exciting investors who have grown exasperated with the company’s inability to transfer its success to the other side of the Atlantic. [...]