WHAT THE OTHER PAPERS SAY THIS MORNING May 20, 2010 FINANCIAL TIMES BOOK PUBLISHERS FEAR THREAT OF DIGITAL PIRACY Publishers have warned that the fight against illegal copying of digital books could impose a huge cost on the industry, raising fears of a new wave of online piracy. Gail Rebuck, chairman and chief executive of The Random House Group, part of Bertelsmann, said illegal copying [...]
WHAT THE OTHER PAPERS SAY THIS MORNING May 20, 2010 FINANCIAL TIMES BOOK PUBLISHERS FEAR THREAT OF DIGITAL PIRACY Publishers have warned that the fight against illegal copying of digital books could impose a huge cost on the industry, raising fears of a new wave of online piracy. Gail Rebuck, chairman and chief executive of The Random House Group, part of Bertelsmann, said illegal copying [...]
Brussels is about to clobber the City May 16, 2010 HOW absurd. A successful British industry, one which even banker-bashers admit wasn’t responsible for the financial crisis, will this week be hammered by the European Union, marking the new government’s first foreign policy defeat and the latest blow to London’s prosperity. I’m of course referring to the EU’s attack on alternative investment managers, including hedge [...]
West End delivers boost for London sales growth October 18, 2009 LONDON retail sales in September had their strongest growth since August last year due to a wave of renewed consumer confidence, according to figures out today from the London Retail Consortium. Retail sales in central London were 7.5 per cent higher on a like-for-like basis in September than a year ago, when sales nosedived to [...]
Happy Easter for West End April 5, 2010 POOR weather and early spring sales offers from retailers drove at least 2m shoppers to the West End over the Bank holiday weekend. Some retailers are understood to have recorded double-digit sales growth on the Friday, although trading did slow down over Saturday and Easter Monday, according to the New West End Company – which [...]
British Land closes £29m West End offices deal April 16, 2010 BRITISH Land has sealed a £29m deal for a West End development site. The 93,000 square-foot property in Baker Street was bought from Irish developer McAleer & Rushe. It will be developed as a mixed office and retail scheme which has already been given planning permission. The company said it was confident that the market [...]
Volcanic ash cost Heathrow and Stansted £28m in losses April 29, 2010 AIRPORTS operator BAA took a £28m one-off hit from the six-day flight disruption caused by the Icelandic volcano. The group, which owns six airports in the UK including Heathrow and Stansted, said despite the impact of the volcanic ash, which forced them to close both London airports, it remained financially resilient. First quarter figures for [...]
City: cuts are a good first step May 24, 2010 BUSINESSES applauded George Osborne’s decision to wield the axe on Whitehall spending yesterday, but warned the £6.2bn of savings were a drop in the ocean compared to deeper cuts on the horizon. The chancellor won praise for his decision to begin belt-tightening early, as he announced he was scrapping the Child Trust Fund, pulling the [...]
WHAT THE OTHER PAPERS SAY THIS MORNING May 17, 2010 FINANCIAL TIMES FERROUS STEELS ITSELF FOR LONDON FLOAT Ferrous Resources, the Brazilian iron ore miner, confirmed its intention to list in London next month, adding momentum to a new round of mining and energy flotations in the capital of resources finance. With an expected valuation of about $4bn (£2.8bn), Ferrous could be the biggest “pure-play” [...]
Primark and recovery boost AB Food outlook April 20, 2010 PRIMARK owner Associated British Foods said the global recovery was underway, prompting it to predict a “very good” rise in annual earnings after beating forecasts with half-year profits up 20 per cent. The London-based food and retail group reported strong momentum in many of its businesses around the world and even Britain showed signs of [...]