Nomura: Intervention in Syria will have little to no effect on global oil supply August 29, 2013 A senior analyst at Nomura has said that a US-led military strike on Syria will have little to no disruption effect on global oil supply. Alastair Newton, senior political analyst at Nomura, said: We cannot emphasize too strongly that, whatever option may be adopted we see little or no direct threat to global oil supply [...]
Join an exclusive club in the City October 10, 2013 Luxury developments are stocking up on facilities normally found in five-star hotels HOLIDAYS are great. Want to go to the gym without stepping outside in jogging bottoms? Fancy a swim at 2am? Want to relax in your own private bar? And on top of that, there’s someone on the end of the phone waiting to [...]
Business mulls one year of FLS July 31, 2013 ONE YEAR ago today, the Bank of England launched its funding for lending scheme (FLS), with the intention of spurring loan activity. Aside from a boost to the mortgage market, which has been partly attributed to FLS, lending to firms remains anaemic. Though interest rates have dropped, Vicky Redwood, chief UK economist at Capital Economics, [...]
Dubai is opening a massive new airport. So why can’t we? September 20, 2013 BRITAIN’S inability to expand our airport capacity is inevitably met with complete bafflement in other, more ambitious parts of the world. In the nineteenth century, the naval trade allowed London to grow into a great, global metropolis; in the 21st century, planes have replaced boats as an essential driver of business travel, tourism and growth. [...]
Dubai is opening a massive new airport. So why can’t we? September 19, 2013 BRITAIN’S inability to expand our airport capacity is inevitably met with complete bafflement in other, more ambitious parts of the world. In the nineteenth century, the naval trade allowed London to grow into a great, global metropolis; in the 21st century, planes have replaced boats as an essential driver of business travel, tourism and growth. [...]
Taylor Wimpey enjoys boost from government lending schemes but doesn’t see planning system improving July 31, 2013 Housebuilder Taylor Wimpey has reported a 42.1 per cent increase in first half pre-tax profit to £109m citing improved consumer sentiment and government mortgage schemes. Chief executive Pete Redfern said there was a “meaningful improvement in the housing market” in the first half of the year and that Taylor Wimpey is “ideally positioned to perform [...]
London Report: More details of Carney’s policy change are due August 11, 2013 AFTER Bank of England governor Mark Carney’s landmark forward guidance announcement last Wednesday, documents released this week should provide more clues as to how the new policies were agreed. The minutes from the monetary policy committee’s latest meeting, due on Wednesday, are likely to hint at a divide among the members over how comprehensive the [...]
Inside Track: Foxtons nears a crucial decision on its upcoming float September 5, 2013 THE FORTHCOMING flotation of Foxtons, the ultra entrepreneurial London-focused estate agency, is to move a step closer this weekend with the setting of a price range for the new shares that will shortly be coming onto the stock market if all goes well. Management’s investor roadshow begins properly on Monday and will take in London, [...]
Strong London house market is behind UK-wide price increases September 18, 2012 LONDON house prices boomed in July, once again driving a modest boost in average UK prices, data from the Office for National Statistics (ONS) revealed yesterday. UK prices increased two per cent overall in the year to July, the data showed, spurred on by London prices which soared 5.7 per cent in the same period. [...]
Strong London house market is behind UK-wide price increases September 18, 2012 LONDON house prices boomed in July, once again driving a modest boost in average UK prices, data from the Office for National Statistics (ONS) revealed yesterday. UK prices increased two per cent overall in the year to July, the data showed, spurred on by London prices which soared 5.7 per cent in the same period. [...]