Another milestone passed for the New Covent Garden Market site in Nine Elms April 9, 2015 Vinci St. Modren (VSM), and the Covent Garden Market Authority (NCGMA) have reached an agreement for the redevelopment of the 57-acre development in in Nine Elms, which will include a market, offices, swanky homes, and space for new start ups. Construction is expected to start this summer. The figures The project is a big one: [...]
General Election 2015: How will the FTSE 100 be affected by political uncertainty as we head to the polls? April 8, 2015 Elections are times of great volatility for the markets, and 2015's edition looks like it could hold a roller-coaster 60 days in store. Looking back to 1992 and 2010 – the two most close and dramatic elections in recent years – it's clear that markets don't like the uncertainty and respond with plenty of jitters [...]
General Election 2015: SNP could be eyeing a second Scottish independence referendum as early as 2016 April 8, 2015 As the tension and torture of last year’s Scottish independence referendum fade away, the resurgent SNP wants to go again – perhaps as early as next year. In a TV debate between the four Scottish party leaders, SNP leader Nicola Sturgeon said that although the SNP candidates standing for election in Westminster in May would [...]
EasyJet fights back in low-cost airline battle – but is Ryanair’s charm-offensive giving it the edge? April 8, 2015 Is Ryanair’s PR drive giving it the edge over EasyJet? After Ryanair revealed it carried 28 per cent more passengers in March than the same month last year, Easyjet’s solid growth figures paled by comparison. The figures EasyJet carried 5.5m passengers in March, compared to 5.1m during the same month last year, a rise of [...]
General Election 2015: Which political party is best for the UK stock market? April 7, 2015 The UK stock market has performed almost twice as well under Conservative rule than under Labour stewardship, according to research by financial adviser Hargreaves Lansdown. The analysis of the stock market’s behaviour since 1970 revealed other facts too: the last Labour minority government of 1974 (a year in which there were two general elections) oversaw [...]
General Election 2015: Nicola Sturgeon vows the SNP will block a raise of the state pension age in the UK April 7, 2015 The SNP will block planned raises of the UK pension age, if it wins enough seats in the General Election to do so, Nicola Sturgeon said yesterday. The Scottish first minister, argued Scots will be disadvantaged by the rises, as they have the lowest life expectancy in the UK. A baby girl can expect to [...]
Borse Dubai is going to sell its whole stake in the London Stock Exchange March 26, 2015 Shares in the London Stock Exchange were getting hammered this morning after Borse Dubai said it was selling its entire stake. The company's shares were down 10.3 per cent to 2,276 pence in early morning trade today. Borse’s 17.4 per cent stake will be sold through an accelerated book-building process, a source close to the [...]
Facebook just unveiled a messaging app for businesses March 25, 2015 Facebook is looking to bring make business a social experience, with Business on Messenger. Unveiled today at Facebook’s F8 conference in San Francisco, it describes itself as enhancing “communications and interactions between people and business." The idea is that customers can maintain relations with companies during after the commercial transactions. Facebooks said: People can have [...]
Chelsea FC dumps City firm CWM FX, which is at the centre of police fraud raid March 25, 2015 Chelsea Football Club has ripped up its partnership agreement with a firm that was raided by the police’s fraud squad earlier this month, CityAM understands. CWM FX became the Premier League club’s official online forex trading partner at the start of the year, as part of a spate of glamorous marketing deals aimed at [...]
Bank of England shouldn’t cut rates over deflation – Monetary Policy Committee member David Miles March 25, 2015 Bank of England Monetary Policy Committee member David Miles has sought to quash fears over deflation, saying any foray into negative territory would be short-lived and shouldn’t lead to rate cuts. Speaking in an interview with the Financial Times, Miles, one of the more dovish members of the MPC, said that he expected the rate of [...]
