Tough-talking Allardyce vows to lead troubled West Ham to safety January 9, 2014 UNDER pressure West Ham manager Sam Allardyce came out fighting yesterday and vowed to turn his team’s season around in the face of growing frustration from supporters. Those who travelled to Manchester City on Wednesday night vented their anger at the Hammers boss during the 6-0 thrashing, while former captain Julian Dicks said he felt [...]
Stamp duty cliff edge knocks £10,000 off thousands of homes December 2, 2013 THOUSANDS of home owners have had to slash the price of their house to below £250,000 to get a sale because of the impact of stamp duty, according to a report out today from London Central Portfolio and the Cass Business School. Stamp duty jumps from one per cent to three per cent at the [...]
New postcode lending data reveals Britain’s strikingly healthy SME sector July 24, 2013 HOW are businesses in your area doing? Are they building up cash piles, or piling up the debts? Until this week, regional borrowing and saving by small and medium-sized enterprises (SMEs) was a mystery. But thanks to data released from banks for 120 postcode areas, we now know what is happening in each part of [...]
Reactions to the chancellor’s statement March 19, 2014 THINK TANK’S TAKE Director at the Adam Smith InstituteEamonn Butler The libertarian think tank applauded the freedom granted to pensioners. “At last Britain's private pension savers will be treated like responsible adults. As lifetimes have lengthened and financial uncertainty has abounded, annuity rates have fallen, leaving savers much worse off then they expected. The rule [...]
Emergency cash facilities go permanent October 31, 2013 THE BANK of England yesterday came to a deal with a range of foreign central banks to secure emergency funding in a range of currencies. The swap facilities mean that when international currency markets are squeezed, one central bank can use the facility to obtain liquidity from another. America’s Federal Reserve, the European Central Bank, [...]
Foodie who hit the ground running September 29, 2013 Annabel Palmer talks to David Moore, the restauranteur behind London’s Pied a Terre THE GLOBAL restaurant industry is forecast to increase in size by 7.2 per cent over the next three years, rising from total revenues of $2.45 trillion (£1.53 trillion) in 2011 to $3.48 trillion by the end of 2016. And in the UK, [...]
“Night Tube” to launch in 2015 – Some lines to run 24 hours on weekends November 21, 2013 Some lines will now run for 24 hours. Victoria, Central, Northern, Jubilee and Piccadilly lines will offer that round the clock the access. That's the "initial" network, so there could be more to come. Here's how they look on the map: The service is intended to complement night bus operations, "giving passengers an extensive and [...]
City Moves for 06 January 2014 | Who’s switching jobs January 5, 2014 Akin Gump The law firm has announced the appointment of Lisa Leiman Hearn as a partner in its London office. She specialises in cross-border mergers and acquisitions and corporate finance. Hearn joined in 2005 and was formerly counsel at the firm. Jones Lang LaSalle The property company has hired Helen Gough as head of its [...]
FTSE slumps to 2014 low after Draghi fails to light up markets – London Report October 2, 2014 BRITAIN’S top equity index yesterday slid to its lowest closing level so far this year on disappointment with the European Central Bank’s latest stimulus measures. The blue-chip FTSE 100 index ended down by 1.7 per cent, or 111.13 points, at 6,446.39 points – its lowest closing level since ending at 6,439.96 points in December 2013, [...]
Tube set to open all night on Fridays and Saturdays November 21, 2013 THE TUBE will keep running through the night at weekends from 2015, in a plan hailed by firms as changing the face of London’s night-time economy. However, unions threatened strike action after TfL announced alongside the night Tube that it was scrapping ticket office staff. Mayor Boris Johnson said London will be “a city fit [...]