The London Daily News

Sunday 21st August, 2011, 01:15 | London

Breaking News

City Hall pledge £20m to "transform" Tottenham and Croydon Wednesday 17th August, 2011, 11:17
Soft touch? More like idiots Wednesday 17th August, 2011, 10:55
80% of Somalian immigrants living in council owned properties Wednesday 17th August, 2011, 10:24
Cops find weapons and cash tills in Camden raids Sunday 14th August, 2011, 10:10
Met raid Brixton addresses Thursday 11th August, 2011, 12:28
London's image damaged after riots Thursday 11th August, 2011, 11:55

Rupert Murdoch's "fail-wall" - "Open" Guardian revenues up 50% Posted on 15-10-2010 01:29:55 AM (GMT +01:00) Published By [email protected] Figures have suggested that the great Rupert Murdoch pay-wall experiment is failing while the "open" Guardian website has increased revenues by 50%. Circulation figures from ABC show that The Times and Sunday Times print sales fell 14.8% and 9.5% year-on-year respectively. The strategy was designed to protect hard ...
London to be punished for EU financial crisis Posted on 30-06-2011 07:57:02 AM (GMT +01:00) Published By News Desk News Desk The Square Mile and financial services in London will be punished with punitive taxes imposed by Brussels in the form of a new proposal to use a financial transaction taxes (FTT) to fund an extra £93bn needed for EU spending increases.
Retail in crisis as Argos sales slump, Comet looking at selling sites Posted on 10-06-2011 09:22:01 AM (GMT +01:00) Published By City News Desk City News Desk Retailers on the high street are struggling to deal with the negative psychology of shoppers who are simply not buying goods at present, with Argos revealing a 9.6% slump in sales, and 20% drop in sales of electronic goods. Comet has revealed in a ...
Recession storm clouds gather as consumer spending plummets Posted on 26-05-2011 09:44:06 AM (GMT +01:00) Published By News Desk News Desk Consumers are not spending, and the economy is heading closer to recession with GDP figures that are anemic with 0.5 per cent growth in the beginning of the year. Higher inflation figures is putting severe pressure on household’s ability to spend money, with ...
Marks and Spencer’s plans to target shoppers by "affluence and ethnicity" Posted on 25-05-2011 09:27:53 AM (GMT +01:00) Published By News Desk News Desk Retail giant Marks & Spencers has taken "targeted marketing" a step further today with plans to transform existing stores so that they target local demographics like affluence, ethnicity, and local competition, in what is being described as the biggest change in emphasis in ...
Banks facing £10 billion hit for "mis-selling" insurance Posted on 06-05-2011 08:10:41 AM (GMT +01:00) Published By City News Desk City News Desk Banks who were mis-selling pay protection insurance face a potential claim of £10 billion according to an admission by the Lloyds Banking Group who has said that it has more than doubled it original provision of £3.2 billion for any claims. Dan ...
No rise in interest rates, Bank of England chief warns of risk to economy of hikes Posted on 03-05-2011 08:20:25 AM (GMT +01:00) Published By City News Desk City News Desk The Governor of the Bank of England Mervyn King has said that the high level of debts across Europe pose "massive" challenges, and if interest were to go up the problems would be made worse; signalling that the Monetary Policy Committee ...
UK economy grows by a staggering.....0.5 per cent Posted on 27-04-2011 12:58:38 PM (GMT +01:00) Published By City News Desk City News Desk The UK is not heading towards a double-dip recession according to official figures by the Office for National Statistics which has shown the UK GDP rise by 0.5 per cent. The ONS said: "Gross Domestic Product (GDP) increased by ...
Bank of England keeps record low interest rates Posted on 07-04-2011 12:24:18 PM (GMT +01:00) Published By City News Desk City News Desk The economic slow down is worse than expected with the Bank of England's Monetary Policy Committee voting to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to maintain the stock of asset purchases financed ...
New York Mayor woos London banks to "Big Apple" Posted on 31-03-2011 04:43:13 AM (GMT +01:00) Published By City News Desk City News Desk - Mayor comments 4:30pm Banking giant Barclays is threatening to move its global headquarters to New York, if the UK continues with "over regulation" of banks, with the Mayor of New York Michael Bloomberg claiming last night “I hope they move here. That ...


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