London Report: UK retailers set to reveal if tills ringing again September 8, 2013 RETAILERS are set to reveal this week how big an impact the UK recovery is making as consumers return the shops. Reports from Dunelm, Home Retail, Morrisons, Next, Ocado and Sports Direct will show how confident buyers are in the improving economy. Ocado, which will update the market on Thursday, was rated a “buy” by [...]
Letters to the editor – 21/08 – Sport competition, Best of Twitter August 20, 2013 Sport competition [Re: BT Sport has a mountain to climb in its bid to beat BSkyB, yesterday] David Hellier raises some interesting points about how consumers are buying converged TV, broadband and telephony packages. However, he misses two main points: BT is not looking to topple Sky Sports, and Sky TV customers can get BT Sport [...]
City Moves for 20 August 2013 | Who’s switching jobs August 19, 2013 Davenport Lyons Gavin Llewellyn has joined the law firm as a partner in its intellectual property team. He previously worked at Berwin Leighton Paisner, where he was an associate director. Brooks Macdonald Asset Management The private client investment manager has appointed Lisa Brown as intermediary sales manager in its business development team. Prior to joining [...]
What the other papers say this morning – 4 October 2013 October 3, 2013 FINANCIAL TIMES China to invest £650m in Manchester China’s biggest bank will invest in a new £650m business district at Manchester airport in a deal the government believes will mark a fresh wave of investment by Beijing in UK infrastructure. The state-owned Industrial and Commercial Bank of China is to sign the deal when George [...]
We must urgently fix Britain’s horribly broken housing market July 18, 2013 IT’S called the law of supply and demand, a basic concept that Labour and coalition politicians sometimes find difficult to grasp. If you try to mess with it, it ends up biting you, and hard. Take residential property. In a free market, if the price for something goes up, people tend to produce more of [...]
House prices hit record high in July July 19, 2013 UK house prices hit a record high in July, according to online real estate portal Rightmove, with sellers raising prices for the seventh consecutive month. The average asking price rose 0.3 per cent from June to £253,658 – up 4.8 per cent from July 2012. That’s £11,561 over the past year. London asking prices jumped [...]
Inside Africa’s megacity: God, oil, and traffic chaos in Lagos November 29, 2013 From the Nollywood film industry to shanty-dwellers with a line in tech imports, Nigeria’s biggest city reveals its secrets to Alex Dymoke NO ONE knows quite how many people live in Lagos. Nigeria’s 2006 census put the official figure at just under 8m. The UN estimated the number for 2011 at 11.2m. Others say it’s [...]
Labour pledges to raise UK corporation tax September 23, 2013 IN BRIGHTON ED MILIBAND will today announce a raid on the profits of large UK businesses, as he commits to reversing the coalition’s planned corporation tax cut. The Labour leader will tell his party’s annual conference in Brighton that his government would scrap plans to reduce corporation tax – the charge levied on companies’ profits [...]
Before the open – 23/07 July 23, 2013 Asian markets have performed well overnight as hints of Chinese easing have given traders confidence in equities. Now we're expecting that exuberance to translate into some mild gains for the FTSE and other European markets. Good morning – looking ahead to the open here are the forecasts for indices: FTSE100 +15 at 6638; DAX +20 [...]
Insurance company of the year September 9, 2013 Insurance is the quiet success story of the British financial services industry. While UK banks continue to be hamstrung by government ownership and poor reputations, our insurers are powering ahead and selling to the world – prompting a construction boom in the City’s insurance district around Fenchurch Street. We were looking for companies that were [...]