Genzyme says it is still up for sale

first_img whatsapp Tuesday 31 August 2010 9:04 pm Share whatsapp Tags: NULL Genzyme says it is still up for sale Show Comments ▼ KCS-content GENZYME chief executive Henri Termeer said he is willing to sell the company he built up over 25 years, but not for $69 a share.Termeer yesterday said it was unlikely that French drugmaker Sanofi-Aventis SA would go hostile with its $18.5bn bid and that the two sides had a good chance of coming to terms, though negotiations could last months.On Monday, the Cambridge, Massachusetts-based biotech company rejected Sanofi’s bid of $69 a share. Sanofi has hinted it may take its offer directly to Genzyme shareholders if the company refuses to enter discussions based on its current offer.“I think a hostile situation is unlikely to occur here,” Termeer said in an interview with Reuters. “We need each other too much in terms of future value. It may well be that they go that way, but I would recommend against it if I were advising the other side.” He said there was a “high probability” that a deal would eventually be consummated, given the two companies’ strategic needs. Sanofi faces the loss of some 20 per cent of its revenue by 2013 as generic competition erodes sales. Genzyme is the world’s leading maker of drugs for rare genetic diseases, generating sales in 2009 of $4.5bn. More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.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.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comlast_img read more

CITY MOVES | WHO’S SWITCHING JOBS

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal 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.comZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Herald KCS-content Share Monday 13 September 2010 7:28 pm CITY MOVES | WHO’S SWITCHING JOBS whatsappcenter_img whatsapp Show Comments ▼ More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSidney Crosby, Alex Ovechkin are graying and frayingnypost.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.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com Secure Trust BankArbuthnot’s retail banking business has appointed Paul Lynam, a former senior banker at the Royal Bank of Scotland, as its new chief executive.Lynam, 42, was a managing director at RBS and was responsible for over 1m SME customers and almost 7,000 staff in the retail bank. He also previously held the position of chief executive of UK business banking at asset financing group Lombard North Central.PricewaterhouseCoopersIan Woodhouse has joined the accountancy giant as a director in the EMEA private banking and wealth management practice, effective immediately.Woodhouse has over 20 years of experience in supporting private banks and wealth managers, having previously set up his own independent business advisory firm after leaving Ernst & Young in 2008.NomuraThe Japanese investment banking group has hired Martin Brunninger as a senior analyst to initiate coverage of the medical technology sector.Brunninger, who will be based in London, joins Nomura from Bryan Garnier & Co, where he was head of healthcare equity research. He has also held roles at JP Morgan, ABN Amro Asset Management, Bank of America and Lehman Brothers.JefferiesThe investment bank has hired John Bajus from UBS as the head of its international electronic trading services team, within the equities group.At UBS, Bajus was co-head of program and cash sales trading for the Americas. He also previously spent two years at State Street Global Markets, where he was a managing director in charge of institutional global portfolio sales and trading. He started his career at Bear Stearns.F&C InvestmentsAlexander Petrov has joined the investment manager as a director in the strategy team. Petrov joins from Seven Pillars Capital Management in London, where he was a multi-asset portfolio manager. He moved there in 2008 from Lehman Brothers, where he had been a portfolio manager. Tags: NULLlast_img read more

Priory looks healthy for buyout bids

first_img Share Tags: NULL whatsapp Wednesday 15 September 2010 8:47 pm HANDFUL of buyout firms are understood to be submitting indicative bids for mental-health specialist the Priory Group, which seller Royal Bank of Scotland (RBS) hopes could fetch about £1bn.Advent International, Bain Capital, Blackstone and Cinven were all thought to be planning to submit non-binding bids by yesterday’s deadline. The Carlyle Group and KKR are also thought to have also examined the business, but it was unclear whether they intend to lodge bids.The private equity firms, RBS and the Priory all declined to comment.The Priory operates more than 50 hospitals, schools and care homes in Britain. It is best known for treating celebrities including “Britain’s Got Talent” star Susan Boyle, Libertines singer Pete Doherty, and comedienne Ruby Wax, who went on to write a show about depression, dubbed “Live From the Priory”.It is being sold as RBS sheds non-core assets to slim its unwieldy balance sheet. Priory expects to generate earnings before interest, tax, depreciation and amortisation of about £95m in the year to December, a source previously said. Banks would be willing to lend about 5.5 times that amount, the source said, leaving a private equity buyer to stump up about £500m in equity. The business is viewed as a strong performer with a good management team, meaning a new private equity buyer may have little more to add to the business and could need to target lower returns, another source said. Buyout firms usually target net returns of 20 to 25 per cent, but have been prepared recently to put in more equity and accept lower returns for businesses they perceive to be low-risk. 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 ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Show Comments ▼ whatsapp KCS-content Priory looks healthy for buyout bids last_img read more

Drinks sales see faltering recovery

first_img 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 TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Herald 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 Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe 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 Wednesday 13 October 2010 7:51 pm Share Drinks sales see faltering recovery whatsappcenter_img KCS-content whatsapp Show Comments ▼ NEW figures show that the alcohol industry in the UK is experiencing an “unsteady and uneven” recovery.Latest HMRC figures show beer sales fell in July, adding to publicans’ woes. The volume of beer released for UK consumption was down 1.7 per cent compared to the figure in June and 5.1 per cent year-on-year. The amount of beer consumed in licenced premises has now fallen 25 per cent since 2002.The volume of wine released for UK consumption was up by 0.82 per cent compared to June and 2.88 per cent year-on-year.Spirits were down 0.4 per cent on June but were up 0.98 per cent year-on-year.Total alcohol volumes are up 2.8 per cent year-on-year.In value terms alcohol consumption is still well down on the peak level of £43.4bn sold in the UK in 2007. In terms of market share, wines and ciders are increasing at the expense of beer, which fell to 41.6 per cent of all sales. Tags: NULLlast_img read more

Virgin will not compete with rival Eurostar

first_img Share VIRGIN Trains has denied suggestions it may launch rival services against Eurostar on the new high-speed line from London to continental Europe.Eurotunnel last week reportedly said Virgin was among those companies who could start running trains from the capital to European cities such as Paris, Brussels and Cologne.German state railway Deutsche Bahn (DB) already plans services from London to Amsterdam and Frankfurt in 2012 or 2013 to compete with Eurostar, cashing in on new European Union rules opening up national railways to rival operators.Virgin has considered running international services, but decided against it on commercial and operational grounds. A Virgin spokesman said the market was not big enough to share with Eurostar, which carried 9.2m passengers in 2009.The spokesman said Virgin, which carries about 28m passengers a year on its West Coast route from London to Manchester and Glasgow, wanted to focus on renewing that franchise.He said Virgin would also have to buy new high-speed trains that comply with Channel Tunnel safety rules, recruit enough multi-lingual staff and provide immigration facilities.“We never say never, but we have looked at it in the past and it’s not a priority for us,” the spokesman said.Eurostar has responded to DB’s plans by unveiling its own expansion, including a £700m scheme to buy 10 new trains from German manufacturer Siemens and to refurbish its existing rolling stock, which was built by the French group Alstom.Alstom yesterday launched High Court legal action against Eurostar, claiming the Siemens trains fail to meet Channel Tunnel safety regulations.Eurostar rejected the claims, saying the competition tender for the trains met European rules and that it chose Siemens because it made the best offer. 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 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 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 whatsapp 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 A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableySerendipity 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 HeraldDiscovery23+ Sports Stadiums Around the World That Are Abandoned NowDiscoveryZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Herald Monday 25 October 2010 7:32 pmcenter_img whatsapp Show Comments ▼ Tags: NULL Virgin will not compete with rival Eurostar last_img read more

Jupiter fund to be run by de Blonay

first_img John Dunne Share Jupiter fund to be run by de Blonay Investment house Jupiter said one of its highest-profile managers will take the lead role in its £1bn Financial Opportunities fund from the start of next year.Guy de Blonay will be lead manager, while incumbent Philip Gibbs will be his deputy and retain oversight of all the firm’s financials portfolios as head of the financials team.Swiss-born de Blonay joined Jupiter a year ago to co-manage the Financial Opportunities fund with Gibbs.But with Gibbs running six funds, concern had been raised by independent financial advisers – who advise retail clients – that running such a large range may put pressure on performance.Jupiter said Gibbs will focus on managing the £634m Absolute Return fund and the £170m International Financials fund.“It is prudent to shortly hand day-to-day management of the Financial Opportunities fund to Guy,” Gibbs said in a statement.Many had speculated Gibbs would hand over the reins of the flagship financials fund to de Blonay. In an interview with Reuters in January, Gibbs said he would be involved in the fund for the “foreseeable future.”The fund has grown 806.4 per cent since it launched in 1997, and was one of the few financial funds to sustain growth during the global crisis, returning 16 percent since the end of October 2007, according to Lipper data.It slipped 4.71 per cent in the 12 months to the end of October 2010.A law graduate from the University of Geneva, de Blonay joined Jupiter from Anglo-Australian rival Henderson Group where he had managed the New Star Global Financials fund since 2001.Jupiter has delighted investors since listing in June, its shares climbing more than 70 per cent from its flotation price, buoyed by strong sales of its fund products. Show Comments ▼ whatsappcenter_img whatsapp Monday 1 November 2010 10:08 am Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndoAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteUndothedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comUndoReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterUndoBeach RaiderSee The Woman Bradley Walsh Is Dating At 61Beach RaiderUndo More From Our Partners Mark Eaton, former NBA All-Star, dead at 64nypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.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.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.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.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com Tags: NULLlast_img read more

IG bullish for 2011 despite woes in Japan

first_img SPREAD betting group IG achieved first-half revenues of £157m, up nine per cent on the previous year despite “subdued” trading and difficulties in its Japanese arm, it said yesterday.The UK, its biggest market, saw sales grow four per cent to £83m in the six months to 30 November, up from £79.9m a year earlier, and slightly weaker than expected.Revenues were held back by a “relatively unusual” period of both subdued trading and low market volatility from about July until November, IG chief executive Tim Howkins said.But the environment improved in November, pulling results up by about 14 per cent on October, he said, adding that IG was gaining market share. IG’s European businesses increased revenue by 24 per cent to £27m from £21.7m a year earlier, led by Germany with 56 per cent growth. IG, which launched the UK’s first spread-betting app for iPhone this year, said Singapore also saw revenues pushed to almost £8m from £5m the previous year.But analysts raised concerns about an impending goodwill writedown on IG’s Japanese operation, which it bought an 87.5 per cent stake in for £122m in 2008. The Japanese business is under pressure as the regulator brings in a series of new regulations restricting leverage levels on foreign exchange and equity trades. Howkins said the business registered a “significant” fall in forex volumes after the first limit came into force in August, and equities also faced a clampdown in January.“Once we’ve got through these restrictions there is no reason to think the business won’t begin to grow again, but clearly it will be growing from a low base,” he said. IG bullish for 2011 despite woes in Japan whatsapp Show Comments ▼ Thursday 9 December 2010 7:21 pm Tags: NULL whatsapp KCS-content More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.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.comWhy people are finding dryer sheets in their mailboxesnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.com Sharelast_img read more

Verizon plans $3.6bn buyback

first_img whatsapp US telecoms group Verizon said it plans to buy back up to 100m of its shares, or 3.6 per cent of its outstanding stock, in a scheme worth $3.6bn (£2.2bn) at recent prices. The firm also said yesterday it will raise its dividend as it moves away from conserving cash. Share Verizon plans $3.6bn buyback Show Comments ▼ Thursday 3 February 2011 8:24 pm KCS-content 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 ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily Proof whatsapplast_img read more

Mubarak claims he can’t leave as protesters rage

first_img whatsapp EGYPTIAN President Hosni Mubarak declared yesterday that he was “fed-up” with public service but couldn’t leave his post immediately for fear of sparking further violence, as the official death toll on the nation’s streets rose into double figures. Mubarak told ABC News in an interview that “after 62 years in public service, I have had enough… if I resign today there will be chaos.” His comments were not enough to quell the chaos centred around Tahrir Square in Cairo where pro-democracy campaigners plan to stage a decisive protest today. More than 1,000 people have already been injured in the riots.Oil prices remained jumpy yesterday, hitting another 28-month high at $103.37 (£64.07) a barrel before closing down at $101.76 for March Brent crude futures. whatsapp Mubarak claims he can’t leave as protesters rage Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily Proof Show Comments ▼ center_img KCS-content Thursday 3 February 2011 8:22 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure SolutionHero WarsThis game will keep you up all night!Hero WarsOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsBlood Pressure For LifeWhy Doctors May No Longer Prescribe Blood Pressure MedsBlood Pressure For LifeAll Things Auto | Search AdsNew Cadillac’s Finally On SaleAll Things Auto | Search Ads Share Tags: NULLlast_img read more

City property vital to London’s world standing

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldSenior Living | Search AdsNew Senior Apartments Coming Nearby Scottsdale (Take a Look at The Prices)Senior Living | Search AdsPeople-TodayWoman Files For Divorce After Seeing This PhotoPeople-Today Share LAST week I joined 15,000 leading practitioners from across the property industry at MIPIM, the international property conference hosted in Cannes every year.Contrary to what you may have read, I can assure you it is not all sun, champagne and parties on yachts.Throughout the week, I spoke publicly about the challenges facing the City and hosted countless meetings and events with some of the world’s leading architects and developers to discuss what the future may hold.Of course, being based in the Square Mile has numerous advantages. That is why the world’s top firms and top talent continue to want to be based here. However we also face many difficulties, not least creating a modern and sustainable property offer and infrastructure network amidst a medieval road network that is home to a number of world-famous landmarks.These are issues that many newer, purpose-built business environments – especially those in emerging markets – do not have to consider.If the City is to retain its pre-eminent position as one of the leading global financial centres, we need to be able to meet the demands of the international business community – and property, planning and transportation have a vital role to play.The state of the commercial property market – particularly in important business centres – often reflects the state of the economy overall; international developers and financiers would not invest in property if they were not confident there was a market to fill their latest projects.At the height of the financial crisis, many of the City’s most important developments, including many of the landmark tall buildings, were at one stage or another thought to be under threat. In 2011, all of these schemes secured the requisite financing.In its dual role as the representative body for the UK financial and professional services industry and as the local planning authority for the Square Mile, the City of London has to take a wide-range of seemingly disparate issues – from the ongoing unrest in the Middle East and the future reform of the banking system to narrower, more sector-specific problems such as rights to light and the ongoing City street-works – into account in order to protect our status as a world-leading financial centre. Fortunately, my time at MIPIM confirmed that the international business community – and perhaps even more importantly, its employees – still want to be based in London. However, this is a job that requires our constant attention and, judging from the sheer number of international exhibitors present in Cannes, we cannot afford to take our eye off the ball for a single second.Stuart Fraser is the Policy Chairman at the City of London Corporation. whatsapp whatsapp City property vital to London’s world standing Sunday 13 March 2011 10:28 pm Tags: NULL KCS-content Show Comments ▼last_img read more