A late night Tube is simple way to keep London competitive February 3, 2013 TRANSPORT for London has raised the prospect of the Underground running until 2am at weekends. Starting in 2015, this could deliver a signifciant boost to London’s £8bn a year dining, drinking and entertainment industry, and would provide a boon to the thousands of Londoners who flock to the West End for a night out. This [...]
Elephant & Castle gets a lick of paint July 25, 2013 One The Elephant is the new development at the heart of the area’s regeneration, promising affordable living in Zone 1 One The Elephant is the latest big tower on the London skyline. When complete, the 37-storey building, which is designed by award winning architects Squire and Partners, will offer 254 new homes, from studios through [...]
Forget Miliband: Today Ed Balls will define the terms of the next election September 22, 2013 TODAY’S speech by shadow chancellor Ed Balls is the most important event at this week’s Labour Conference. Ed Miliband will get all the attention, but Balls’ speech is the one that matters. What he says – and how he says it – will determine the fate of British politics for the next two years. Miliband [...]
Fortnum & Mason to open its first new UK store in 300 years June 8, 2013 FORTNUM & Mason, the department store known for selling travel hampers to well-heeled customers, plans to open its first new British shop in more than 300 years at St Pancras train station. Fortnums, based in Piccadilly since 1707, hopes to tempt travellers passing through St Pancras into a new outlet that will open in November. [...]
Give London back its stamp duty to reinvest in growth February 5, 2013 FIFTY years ago the average London house cost roughly the same as a month’s rent in some parts of North London today. Notwithstanding the effect of inflation, that cannot be sustainable, socially or economically. Among the range of housing challenges we face, the greatest by far is simply to build more homes. That’s why Boris [...]
London house price growth set to outstrip rest of UK for years November 8, 2012 London house price growth will be well ahead of the UK average for at least the next five years, estate agent Savills predicted yesterday. Central London housing will get 25.6 per cent more expensive over the five years to the end of 2017, the estate agent said, compared to 10.2 per cent growth in the [...]
London Report: Shares close down despite dovish ECB and Tullow’s gains April 3, 2014 BRITISH blue-chip shares edged lower after testing a three-week high yesterday, as the end of a two-week rally in mining shares offset gains by Tullow Oil. The session proved volatile, however, with gains made in the afternoon after European Central Bank president Mario Draghi said that action will be taken if the currency union suffers [...]
Lehman crisis should have changed the world more than it did September 15, 2013 FIVE years ago, like every Sunday night, I was in the City A.M. newsroom, supervising the production of the newspaper. Traditionally, Sundays are a quieter day for business news: while there’s always lots to write about, there are few on-diary corporate announcements. Not that Sunday. It was the most manic day any business journalist can [...]
City Moves for 17 January 2013 | Who’s switching jobs January 16, 2013 Lloyds Bank The bank’s commercial banking division has appointed Karin Cook chief operating officer. She joins from HSBC, where she was most recently global chief operating officer for its private bank. Cook has over 20 years’ experience in the industry, and has also held roles at Goldman Sachs and Morgan Stanley. Saffery Champness The accountancy [...]
Financial markets will face unbearable pressure when rates rise July 23, 2013 COULD the financial markets be about to have a heart attack? The reason I ask is a terrifying little document that has just landed on my desk. Entitled tellingly Capital Markets – the Arteries are Clogging and published by Redburn, the stockbroker, it highlights cogently a little-understood feature of the post-crisis economy. Liquidity, the lifeblood [...]