Japan set for fresh stimulus as growth slows

first_img whatsapp Tags: NULL Share Monday 27 September 2010 8:12 pm JAPANESE Prime Minister Naoto Kan ordered his ministers yesterday to plan a second budget for the remainder of the financial year amid concern the country’s economy is faltering. A government official said spending could total 4.6 trillion yen (£34.5bn) but would not require additional government bonds to be issued.However, economics minister Banri Kaieda called for Japan’s central bank – Bank of Japan (BoJ) – to lift its ceiling on government bond purchases effectively calling for a resumption of quantitative easing. The BoJ could lift the ceiling by as early as next week. The news came as official figures from the ministry of finance showed exports slowed for the sixth straight month. For the twelve months to August exports grew by 15.8 per cent, well down from a peak in February of 45.3 per cent. KCS-content center_img Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comConnecticut man dies after crashing Harley into live bearnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com whatsapp Japan set for fresh stimulus as growth slows last_img read more

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CHEESE BUSINESS BOOSTS DAIRY CREST

first_img Share KCS-content whatsapp whatsapp Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap DAIRY CREST, the food business which makes Clover and Cathedral City, said in a trading update its sales over the last six months were in line with expectations and ahead of the same period last year. The firm, led by chief executive Mark Allen (inset), said its cheese products had led the growth in the company. center_img Show Comments ▼ CHEESE BUSINESS BOOSTS DAIRY CREST Thursday 30 September 2010 10:12 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailHalf EddieRemember Her? Take a Deep Breath Before Seeing How She Looks Like NowHalf EddieDailyforestThese On-Screen Kissing Scenes Were Not Planned At AllDailyforestHealth.recetasget5 Common Cancer Signs to Pay Attention ToHealth.recetasgetOceandrawRemember Him? Wait ‘Till You See Him NowOceandrawGardensTricks.comDon’t Throw Away Your Teabags Yet, This is Genius!GardensTricks.com Tags: NULLlast_img read more

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CITY MOVES | WHO’S SWITCHING JOBS

first_img Show Comments ▼ Sunday 10 October 2010 10:54 pm Share CITY MOVES | WHO’S SWITCHING JOBS LV=Bournemouth based LV= has appointed Philip Moore as its new finance director and replacing Keith Abercromby. Moore, who has over 30 years experience in the industry, will join from the Pensions Corporation, where he was group finance partner and chief risk officer. Prior to that he’s held roles at Friends Provident, where he was group finance director and latterly group chief executive. He has also worked at AMP, NPI and PwC.Jurys InnHotel chain Jurys Inn has named Andre Martinez as a non-executive director. His appointment comes just after the arrival of new chairman, Brian Collie. Martinez joins Jurys Inn from a long career in the hotel industry, after spending ten years with Accor Group, where he served as both the chief executive of Accor Economy Hotels and chief executive of Accor Hotels EMEA. Up until 2009, Martinez retained the chairman of global lodging at Morgan Stanley.MercerGiles Archibald at global consultancy group Mercer, has been handed the new title of head of M&A consulting for the Europe, Middle East and Africa region. Archibald, who first joined the group over 30 years ago and is a senior partner, will split his time between the group’s London and Manchester offices. He will transfer from his current role as head of the client services group. Archibald was also head of Mercer’s international retirement group.Renaissance CapitalRenaissance Capital has hired Robert Towers and Christopher Brown to run its new trading business. Both Towers and Brown join from Canaccord. Over the last six years Towers has developed a competitive market making model, and worked with Brown for the past three years. Prior to joining Canaccord, Brown spent nine years with Charles Stanley.Permal GroupAlternative asset management group Permal Group has hired Marilyn Schaja to its Americas focused sales team as senior vice president and head of US distribution channels. Schaja joins from Ivy Asset Management, where she was director of client development and managed high net worth channel client relationships. In her role, which has been newly created at Permal, she will report to Joshua Levine, head of institutional markets at Permal. Prior to joining Ivy, Schaja was with Donaldson, Lufkin and Jenrette for 17 years, where she was a senior economist. whatsapp whatsapp KCS-content Tags: NULL More From Our Partners Fans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comColin Kaepernick to publish book on abolishing the policethegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orglast_img read more

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Shell profit surges as oil price rises

first_img John Dunne Thursday 28 October 2010 2:39 am Shell profit surges as oil price rises More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com Royal Dutch Shell reported an 18 perc ent jump in third quarter profits thanks to higher oil and gas prices and beat all analysts’ forecasts.Europe’s largest oil company by market value said third quarter current cost of supply (CCS) net income rose to $3.52bn (£2.22bn).Stripping out non-cash charges and one-off items, the result soared 88 per cent to $4.93bn, well ahead of an average forecast of $4.29 billion from a Reuters poll of nine analysts.ConocoPhillips, the third-largest U.S. oil company, said earlier in the weel that its quarterly profit more than doubled thanks to strong crude and natural gas prices and a rebounded in US refining margins. whatsappcenter_img whatsapp Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm Show Comments ▼ Tags: NULLlast_img read more

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BILL OF THE WEEK

first_img Tags: NULL Share Show Comments ▼ whatsapp Sunday 31 October 2010 9:30 pm A DISTINCTLY unusual bill this week, courtesy of the Searcys champagne bar at St Pancras. Not because of the healthy amount of fizz consumed – seven bottles of high-quality stuff (a Billecart-Salmon Clos Saint Hilaire 1998, an Henriot Cuvee des Enchanteleurs 1988, and more from the Bollinger and Charles Heidsieck houses), plus a few cocktails and wines by the glass for good measure. But because all of the above was ordered by just one patron, to accompany his half-dozen Maldon oysters and smoked salmon. Let’s hope, for the sake of his liver, that the thirsty chap took some of the bottles home for his wine cellar. center_img BILL OF THE WEEK whatsapp KCS-content by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailThe Sports DropForgotten College Basketball Stars: Where Are They Now?The Sports DropMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUpbeat NewsThese 25 Celebrities Ruined Their Career in a Matter of MinutesUpbeat NewsElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldMoney VersedWoman Shares The 5 Words She Said That Left Her Boyfriend In AweMoney VersedZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Herald More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSidney Crosby, Alex Ovechkin are graying and frayingnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orglast_img read more

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All eyes turn to Canada ahead of Potash decision

first_imgTuesday 2 November 2010 9:59 pm All eyes turn to Canada ahead of Potash decision Show Comments ▼ Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Tags: NULL whatsappcenter_img whatsapp KCS-content by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCute CANADA’S industry minister said yesterday he had still not made a decision on whether to allow BHP Billiton’s $39bn (£24.7bn) takeover of Potash Corp to continue. Tony Clement has until the end of today (4am Thursday, UK time) to give the green light to BHP Billiton under the Investment Canada Act, which requires foreign takeovers to bring a net benefit to the country. Clement issued a statement yesterday morning, following reports in the local press that he had cleared the deal. “I am currently reviewing the facts of the case. As of yet no decision has been made, and no decision or recommendation has been communicated to the investor,” he said. The Canadian government has only rejected one foreign takeover since the investment laws were changed in the 1980s. Sharelast_img read more

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German retail, manufacturing indicators improve sharply

first_img alison.lock German retail, manufacturing indicators improve sharply by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity Timesmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter Centerthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com Wednesday 1 December 2010 3:13 am GERMANY’S retail and manufacturing sectors substantially improved in October and November, indicating a robust recovery in Europe’s biggest economy, figures showed today.German retail sales rose by 2.3 per cent in October, their biggest month-on-month gain in almost three years, according to official figures.The rise was the strongest monthly gain since January 2008 and surpassed all forecasts in a Reuters poll of economists. The strongest projection was for a two per cent gain.Manufacturing sector progress also accelerated in November, boosted by strong growth in new orders and spurring the fastest job creation since March 2008, a purchasing managers’ survey also showed today.The Markit Purchasing Managers’ Index (PMI) rose to 58.1 in November, its highest level since August and a further improviement on October’s level of 56.6. It was substantially above the 50-level that separates expansion from contraction, but came in below an earlier flash estimate of 58.9.The two sets of data further backed evidence that Germany’s economic recovery is holding up despite expansion slowing after record growth in the second quarter of this year. “Germany’s manufacturing sector saw another robust expansion of production levels in November, supported by the fastest rise in new orders for four months,” said Tim Moore, economist at Markit, which compiled the manufacturing survey.“The continuing recovery in production requirements and capacity utilisation resulted in the sharpest rate of jobs growth for over two-and-a-half years.”Other surveys showed German business morale improved in November to its strongest level since 1991, and unemployment fell in November for a 16th straight month.“The conditions for a lasting upturn in domestic demand haven’t been this good in a long time,” said UniCredit economist Alexander Koch.“There’s a lot suggesting that the fourth quarter will be good and Christmas-season business will be quite good as well.”The retail data, based on sales in seven states accounting for 76 per cent of total retail turnover, showed sales were down 0.7 per cent in real terms on an annual basis, the Federal Statistics Office said. But in the year through October, they rose by 2.0 per cent in nominal terms and by 1.0 percent in real terms from the same period last year.Germany’s strong recovery has helped pull the euro zone to improved growth in recent quarters, but there are also concerns it may be leaving other struggling economies behind. whatsapp Show Comments ▼center_img Share More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comWhy people are finding dryer sheets in their mailboxesnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com whatsapp Tags: NULLlast_img read more

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Stainless-steel firms’ shares sink

first_img Shares in Finnish stainless-steel maker Outokumpu declined 5.9 per cent to €13.04 (£11) yesterday after it forecast that fourth-quarter operating profit will be “clearly negative” rather than close to breaking even. The forecast had the knock on effect of reducing shares in ThyssenKrupp, Germany’s largest steelmaker. Tuesday 14 December 2010 8:45 pm KCS-content Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap Stainless-steel firms’ shares sink whatsapp Show Comments ▼ Share whatsapp Tags: NULLlast_img read more

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JP Morgan confirms London as its EU headquarters

first_img Share JP Morgan confirms London as its EU headquarters Tags: NULL Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof INVESTMENT bank JP Morgan has confirmed it will base its European headquarters in London, at 25 Bank Street in Canary Wharf, from 2012.The announcement is a major vote of confidence in London as a leading financial services centre and will come as a relief to policymakers.The bank has paid £495m to acquire more than one million square feet of floor space that will host its entire investment banking division, currently spread over four buildings in London.“This acquisition is a long-term investment and represents part of our continued commitment to London as one of the world’s most important financial centres,” said Jamie Dimon, chairman and chief executive of JP Morgan. Boris Johnson, Mayor of London, said the decision was “a tremendous coup for London and for the UK, which rightly reflects the prevailing confidence in the capital.”“Banking is one of the few global industries in which we truly excel,” he said. “JP Morgan’s commitment to London will help ensure the capital retains its position as a banking powerhouse, which drives the UK economy and attracts the brightest and best stars from the financial world.”Construction work will start immediately to make the building ready for the bank’s use in 2012.JP Morgan joins other firms such as KPMG, Fitch, Mastercard and Moodys at Canary Wharf. Its additional staff means the working headcount of Canary Wharf will rise above 100,000 for the first time, the former owner, Canary Wharf Group said. Show Comments ▼ whatsapp whatsapp Monday 20 December 2010 3:56 am alison.lock last_img read more

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Demand for London office space jumps

first_img whatsapp KCS-content Share whatsapp Demand for London office space jumps OPTIMISM about the UK commercial property market is at its highest level since the onset of the credit crunch, thanks to a rebound in demand for central London offices, according to the Royal Institute of Chartered Surveyors (RICS).In the fourth quarter, 18 per cent per cent more surveyors said they expected new sales and lettings to increase rather than fall in the next three months, up from eight per cent in the third quarter. This is the highest reading since the onset of the credit crunch in the first quarter of 2007.And more businesses appear to be planning to expand, after eight per cent more surveyors reported a rise in occupier enquiries in the fourth quarter, compared to a balance of -22 per cent in the three months previously. Tenant demand for commercial property stabilised overall in the fourth quarter, RICS said, with a net balance of zero against -6 per cent in the earlier quarter. Demand for office space was strongest, with a net balance of zero surveyors reporting available space – the lowest number since the fourth quarter of 2007. In central London, 42 per cent more surveyors recorded an increase in demand rather than a fall, up from 25 per cent in the third quarter. However, empty space continued to tick up in the industrial and retail sectors, with a balance of +5 per cent and +4 per cent respectively. But even as demand stabilises, the outlook for rents is poor. Though the outlook for London offices is more positive, retail rents are expected to decline in all regions of the UK, while industrial rents are expected to decline everywhere but London and the South East.Overall, seven per cent more surveyors said they expected rents to fall rather than rise. The expectations are that rents will continue to decline in the Midlands, North and South, while they are expected to rise in London. Monday 14 February 2011 8:40 pm Show Comments ▼ Read This Next’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap4 ideal Zion Williamson trade scenarios from the New Orleans PelicansSportsnautRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapRick Leventhal to Exit Fox News Just as His Wife Kelly Leaves ‘RealThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap’In the Heights’ Underwhelms at Box Office With $11.4 Million DebutThe WrapJason Whitlock, Former ESPN and Fox Sports Reporter, Resurfaces at BlazeThe WrapFox News’ Mark Levin Says Capitol Riot Suspects ‘Would Be Treated Better’The Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap Tags: NULLlast_img read more

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