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Old May 23rd, 2012, 10:05 AM   #4161
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£15.3m revamp of Leicester Square in the West End of London has been unveiled
23 May 2012

http://www.bbc.co.uk/news/uk-england-london-18165238
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Old May 23rd, 2012, 11:59 AM   #4162
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Great posts SO143!
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Old May 23rd, 2012, 02:27 PM   #4163
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cheers guys
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Old May 23rd, 2012, 02:36 PM   #4164
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London seeks lead role as China's currency goes global
22 May 2012

Almost two years ago, a little-known Sheffield-based maker of garden spades and lawn rakes made financial history.

Neill Tools was the first UK company to make a cross-border payment in the Chinese currency, with the help of banking giant HSBC.

"The volume of yuan-denominated trade in the UK will inevitably increase," the HSBC banker in charge of the deal said at the time.

The transaction was an unlikely harbinger of a shift in the global financial system, and the prediction about the importance of the Chinese currency in trade proved prescient.

Today, UK banks hold 35 billion yuan ($5.5bn;£3.5bn) worth of deposits in the Chinese currency, also known as the renminbi.

Most comes from companies, like Neill Tools, that now pay their Chinese suppliers and business partners in the yuan rather than in dollars and pounds - something that was impossible less than three years ago.

"I receive phone calls on a daily basis from companies wanting to know about the process of using the renminbi," says Janet Ming, head of the Royal Bank of Scotland's London China desk.

How the City's banks and financial institutions capture this growing trade will be key to securing London's future as a global financial centre.


London's bid to become a Western hub for the trade in the Chinese currency is gaining traction
However, London's financial activity in the yuan is still relatively limited, especially when compared to Hong Kong, which has been the main winner in China's push to extend its currency's global reach.

This week UK banking executives, along with officials from the Treasury and the City of London, meet in Hong Kong to discuss what they can learn from their former colony.

[...]

http://www.bbc.co.uk/news/business-18149651
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Old May 23rd, 2012, 02:37 PM   #4165
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Great Portland Estates optimistic on London projects
23 May, 2012

London’s property development market is out-performing not only the rest of the UK but also most of Europe, it was claimed today.

http://www.cnplus.co.uk/great-portla...630695.article
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Old May 23rd, 2012, 08:04 PM   #4166
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Google CEO Larry Page brings Project Glass prototype to London

Google CEO Larry Page has offered a small audience of UK tech fans their first in-the-flesh glimpse at the Project Glass Augmented Reality specs.

Page showed up on stage at the Google Zeitgeist event in London sporting a pair of the glasses currently being developed by the company.

The chief exec pointed out the tech is still in its early stages, but was still able to use a physical camera button near his temple to snap a shot of the attendees.

He also combined a head movement and a tap on a touch-sensitive panel in order to share the picture with others, although this may have been just for show.

[....]

http://www.techradar.com/news/world-...london-1081565
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Old May 23rd, 2012, 08:38 PM   #4167
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image hosted on flickr
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Old May 23rd, 2012, 09:38 PM   #4168
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Elizabeth House redevelopment | Waterloo | 117m/107m/90m| 33/28/22 fl | Refused



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Old May 24th, 2012, 12:53 AM   #4169
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SO143 this proposal was refused and is completely dead in the water and has been for ages. It even says it in the title of the post, so why post it? There is a newer David Chipperfield design for the site.
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Old May 24th, 2012, 11:39 AM   #4170
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Speaking of the David Copperfield plans, I read somewhere that they will bring about the demolition of the Waterloo International structure, or perhaps the conversion of it into retail units perhaps.

Is this correct?

I'm hoping that the former Eurostar terminal will become the home of a new train franchise catering for the sleeper trains serving the West country and Scotland.
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Old May 24th, 2012, 12:54 PM   #4171
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Quote:
this proposal was refused and is completely dead in the water and has been for ages. It even says it in the title of the post, so why post it?
i knew about it just 16 hours ago, so i posted it. does it make you feel angry?
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Old May 24th, 2012, 03:12 PM   #4172
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1 park place is hardly u/c.
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Old May 24th, 2012, 03:27 PM   #4173
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Quote:
Originally Posted by Mr Bricks View Post
1 park place is hardly u/c.
Site is being cleared ready for construction, but if anyone thinks that they're going to build the 197m tower is smoking the funny stuff.

Most likely will be a 75m-125m 'corporate box' instead...another 25 Churchill Place...unfortunately.

This 197m proposal was a scam from the start, buy the land cheap, get planning permission for a nice tower, then sell up for a tidy profit to CWG.

Unfortunately for the developers, the financial crash happened, and they lost money...hahaha!!!.
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Old May 24th, 2012, 03:29 PM   #4174
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by anthonySE1

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The Place on a very warm day by anthonySE1, on Flickr
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Old May 24th, 2012, 03:34 PM   #4175
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British Airways Pensions to Fund London Oxford Street Project
May 24, 2012 (Bloomberg News)

British Airways Pension Trustees Ltd. plans to finance the development of shops and offices on London’s Oxford Street, the U.K.’s busiest shopping district.

The 6,100 square-meter (66,000 square-foot) development at 61-67 Oxford Street and 11-14 Soho Street will also include six apartments, according to a filing to Westminster Council. The plan was submitted to the local government body by London-based developer Dukelease Properties Ltd.

Pension funds and insurance companies are increasing lending for real estate, which provides greater returns than bonds. The average margin on loans secured by prime office property in the U.K. increased to about 3 percent from 2.3 percent last year, according to a December survey by De Montfort University.

The airline’s pension trustees bought the Oxford Street site for 18 million pounds in November 2009, according to a Land Registry filing. The development would include a single 3,700 square-meter retail space, about 1,560 square meters offices and 873 square meters of residential space, according to the filing. Dukelease projects director Paul Cook did not return calls seeking comment yesterday and the pension trustees declined to comment.

The building is at the eastern end of Oxford Street, where a Crossrail train station will open in 2018. Developers including Derwent London Plc and Great Portland Estates Plc are investing in land in the area, betting that the station will make it more attractive to customers.

[...]

http://www.businessweek.com/news/201...street-project
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Old May 24th, 2012, 03:51 PM   #4176
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UK gov plans 'tech city' investment outside of M25

Now that the PR buzz has settled since last year's shouting about the so-called East London Tech City, ministers are pawing at further further funds for investing in new areas going into 2013.

Business, Innovation and Skills (BIS) Minister Mark Prisk was questioned on how much cash had been earmarked for investments in other cities.

Budgets from the Technology Strategy Board (TSB) and UK Trade and Investment (UKTI) have so far funded the East London Tech City - which the government has pushed as a shining light of entrepreneurship.

The project has acctracted some big names such as Cisco and Google, the latter of which has built an ‘innovation hub’ office near Shoreditch.

Prisk said that the UKTI has been allocated £26 million for “specific inward investment events and programmes in the UK”. He said the Tech City's share of the programme was £1.7 million, 6.5 percent of the total budget.

The Tech City Launchpad initiative, which provides grants for Tech City startups, is run by the Technology Strategy Board.

According to Prisk, the Launchpad has committed grant funding of “£1,732,806 for digital projects seeking matched investment”.

The total of grants accepted so far amounts to £200,000, he said, though the firms which have been allocated them need to find the same amount of funding in order to get their hands on the money.

Further expansion of the project into other areas outside of London will be on the way in the future. The TSB will be “investigating additional technology areas and cities for other possible Launchpad activities in 2012-13”, Prisk said.

Read more: http://news.techeye.net/business/uk-...#ixzz1vn6lNcq8
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Old May 24th, 2012, 03:52 PM   #4177
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UK-based construction companies United House and Allied London have been awarded a £100 million contract from Poplar HARCA for the redevelopment of the Chrisp Street area in Poplar, in East End London.
Published: 23-May-2012



The project involves redevelopment of Chrisp Street area. The project will revolve around the Chrisp Street Market, a purpose-built market square that was created in 1951 for the Festival of Britain. The duo will build a new food shopping destination featuring facilities for outside eating and development of a mix of private and affordable homes.

The plan also includes development of leisure venues, health and fitness centres, cultural, commercial and retail space, as well as community and new public spaces, which will have an orientation towards the Market Square.

The project will be designed in a way that it improves the area to benefit local businesses and foster the current mix of traders and local residents. Construction on the scheme is scheduled to start in 2014 and completion is planned for 2017.

http://home.worldinteriordesignnetwo..._in_uk_120523/
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Old May 24th, 2012, 08:48 PM   #4178
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Marks and Spencer, Superdry and Guess to open branches in Wembley
24/05/2012



http://www.kilburntimes.co.uk/news/m...bley_1_1387911
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Old May 24th, 2012, 08:49 PM   #4179
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Burberry to invest in new, bigger stores in London
23, 2012 9:48am BST



(Reuters) - British luxury brand Burberry posted a 26 percent jump in profit as expected and said it would invest up to 200 million pounds ($316 million) in new outlets and expanding existing stores in London, Chicago and Hong Kong.

The 156-year-old seller of raincoats and leather goods, known for its camel, red and black check pattern, said on Wednesday it made an underlying pretax profit of 376 million pounds ($594 million) in the year to March 31.

That compared to analysts' average forecast of 377 million pounds, according to a company poll, and 298 million pounds made in 2010/11.

Revenue rose 24 percent to almost 1.9 billion pounds with underlying growth rates ranging from 15 percent in Europe and the Americas to 41 percent in Asia Pacific.

[...]

http://uk.reuters.com/article/2012/0...84M0AV20120523
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Old May 24th, 2012, 08:52 PM   #4180
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Intel: London to be city of the future
24 May 2012

A global hub for research into the future of city living will be based in London, Intel has announce



The computer chipmaker will collaborate with Imperial College London and University College London to launch the ‘Intel Collaborative Research Institute for Sustainable Connected Cities’.

Intel hopes that cities of the future will be built around huge networks of sensors providing data on pollution, water supply, traffic and populations. Analysing the information could enable cities and planners to adapt more quickly, but will also require large, cloud-based servers which Intel hopes it will, eventually, be awarded contracts to provide.

“The Institute could enable us to make all kinds of intelligent systems a reality in cities,” said Edward Astle, Pro Rector Enterprise at Imperial College London. “One example of how our research could work in practice is where there is a major leak from a water supply, flooding the roads. We could introduce a network of sensors that would detect the leak, divert the flow of water to prevent more damage and wirelessly transmit information to transport authorities so that traffic could be diverted, preventing congestion and general city-wide disruption.”

The Institute, part of a multi-million pound investment programme, was unveiled at a meeting at Number 10 Downing Street. George Osborne, the Chancellor of the Exchequer, said that the new body was “recognition of the Government’s commitment to ensuring that the UK becomes the technology centre of Europe, building on success such as Tech City and the recent investments in supercomputing”.

[...]

http://www.telegraph.co.uk/technolog...he-future.html
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