A tower too far from bedlam
Article Abstract:
Olympia and York asked its bankers for loans of 110million pounds sterling on April 23 1992 as only 60% of Canary Wharf has been let. The buildings of Canary Wharf are specially designed factories for the financial services industry but they are too far from the City to be practicable. Financial centres need people and urban intensity so the location of Canary Wharf, half-an-hour from any urban environment, is unsuitable. Planning laws in the City changed so new buildings were erected and growth in demand for financial services products slackened. London is the largest international centre of the industry and the least affected by world recession but nevertheless banks pared down their staff so had no need of larger offices.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1992
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How to tell when fortune-tellers might get it right
Article Abstract:
It is extremely difficult to make accurate forecasts, even about the very near future. Economists constantly make predictions that prove to be extremely inaccurate, and long-range predictions of the weather generally turn out to be incorrect. It is very difficult to predict which new technologies will eventually be widely used, and sometimes people latch on to a new technology that later proves to be rather ineffective. In all forecasting, the best approach is to try to identify levels of certainty.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1997
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One day we will all love privatisation
Article Abstract:
Share ownership has become very popular among ordinary British people under the Conservative government. A future Labour government will find that this continues to be the case. At present, many Labour politicians are critical of the privatised utilities, but they may also become popular too in time. Such companies will eventually need to raise new capital by issuing new shares, and there will be no political advantage in criticising them.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1996
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