Shares in the troubled private security company Serco rose sharply on Friday after the company hired a respected FTSE 100 boss to lead its turnaround. Rupert Soames has been at the helm of Aggreko, the world’s largest temporary power generation and temperature control services business, since 2003. Soames, a grandson of Winston Churchill, will take
Britain’s biggest defence projects are running a total of 25 years late between them and it is unclear the Government can keep costs on target, the Whitehall spending watchdog has warned. The National Audit Office (NAO) raised concerns about the MoD’s ability to keep its £164 billion, ten-year equipment plan on target despite evidence the
Chinese property giant Dalian Wanda has confirmed plans to build a £700m luxury hotel and residential twin tower development on London’s South Bank. Today the firm revealed it had secured a key riverside site in the Nine Elms regeneration area from developer Green Property. The One Nine Elms site already has full planning for a mixed-use development of
(Reuters) – Western Europe’s tallest skyscraper, the Shard, built by Qatar’s royal family, is now 50 percent let a year after its opening – a sign, analysts say, of an improving office rental market. Six new tenants mean that eight of 26 floors of offices in the tapering glass tower will be occupied this year,
