Brussels takes aim at fund pay February 11, 2013 EUROPEAN authorities have unveiled strict plans to curb the pay of London’s alternative fund managers, in a move which could see their compensation treated in the same way as that of bankers. The proposals, laid down by the European Securities and Markets Authority (Esma) yesterday, target the bonuses of senior executives at hedge funds and [...]
The clinic will cater for all your needs January 23, 2013 BEDSPACE may be tight at Davos, but every inch of space is utilised. While “The Clinic” may sound like a luxury spa, it’s actually an asthma hospital – offering spare beds to attendees. If you fancy your own oxygen supply, this is the place. ■ Following David Cameron’s early morning oration, the corporate world was [...]
Congestion charge after ten years: It’s time to be bolder February 17, 2013 IT’S exactly a decade since London’s congestion charge was introduced. Its immediate impact was a dramatic fall in traffic volumes, and there are still around 60,000 fewer vehicles entering the central zone every day. But with 23m journeys made on London’s roads each day, congestion is now back to pre-charge levels. Over the next 20 [...]
Cyclical stocks drop after Fed warns over QE February 22, 2013 LONDON REPORT BRITAIN’S blue chip shares posted their biggest one-day loss since July yesterday on concerns the Federal Reserve could end its stimulus programme sooner than expected, removing a driver of the recent equity rally on both sides of the pond. The FTSE 100 closed down 103.83 points, or 1.6 per cent, at 6,291.54, dropping [...]
First Group trumps Virgin on rail delays August 16, 2012 YESTERDAY’S Office of Rail Regulation’s performance figures were good news for West Coast rail customers who will see First Group take over the route from Virgin. Many of First Group’s franchises have beaten Virgin in the punctuality stakes. First Capital Connect, which carries commuters into central London, completed 90 per cent of its journeys within [...]
Hammerson and Westfield call truce in battle for Croydon January 17, 2013 AUSTRALIAN mall owner Westfield Group has made peace with Anglo-French developer Hammerson in a long-running battle over an ageing Croydon shopping centre, agreeing to redevelop it together. The two have been wrangling for over a year about the Whitgift Centre in Croydon whose owners sided with both developers on the right to redevelop the site, [...]
London’s top eight Thanksgiving eateries November 12, 2013 Everyone enjoys chocolate pecan pie – why should the Americans have all the fun? Bodean’s BBQ American restaurants are two-a-penny these days but Bodean’s BBQ was here long before the diner deluge. Now there’s one in Fulham, Clapham, Soho and Tower Hill. Each is offering a three course feast for £22.95. That’s plenty of bang [...]
MPs back gay marriage but Cameron defied February 5, 2013 THE HOUSE of Commons backed gay marriage overwhelmingly last night, although more Tory MPs voted against David Cameron than with him. 136 Conservative MPs opposed the bill, which will allow same sex marriage for the first time in Britain, while 127 backed it and 40 abstained. 12 Tory ministers, including Owen Paterson, the environment secretary, [...]
London Report: Energy boost from Iran deal lifts the FTSE November 25, 2013 BRITAIN’S main share index rose for the first time in a week in thin trade yesterday as travel stocks rallied on expectations that a nuclear deal between oil-rich Iran and six world powers would help cut fuel costs. Airlines IAG and EasyJet, and cruise operator Carnival, rose between two per cent and 2.8 per cent [...]
Does London need designated Games lanes to manage road traffic during the Olympics? July 16, 2012 YES Gareth Emmerson The Olympic Road Network (ORN) is a requirement of the Host City contract and is vital in ensuring all athletes, officials and the world’s media get to their London 2012 Games events on time. In total, the ORN covers 109 miles across London, although Games lanes will only be used on 30 [...]