All posts filed under: BUSINESS

Chelsea Put £1bn Stadium on Ice

  Chelsea Football Club have shelved plans to redevelop Stamford Bridge just as owner Russian billionaire Roman Abramovich faces a glitch in renewing his work visa. In a terse statement on its website, the west London club stated it was putting the new stadium project on hold and that further preparatory design and planning work will also cease. The statement read: “Chelsea Football Club announces today that it has put its new stadium project on hold. No further pre-construction design and planning work will occur. The club does not have a time frame set for reconsideration of its decision. The decision was made due to the current unfavourable investment climate.” Political observers are however linking the decision with Abramovich’s unexplained inability to secure the renewal of his investor’s visa. The business magnate who lives on Britain’s most exclusive street, Kensington Palace Gardens, was also inexplicably absent from the Blues’ recent victory over Manchester United in the FA Cup at Wembley. Relations between Russia and the United Kingdom has worsened since the Skripal poisoning. Britain has vowed tougher …

Intel Allays Bug Fears as Apple Admits Products Vulnerable to Attack

Intel Corp, the world’s No. 1 chipmaker has downplayed concerns that software updates to address security vulnerabilities in its computer chips will degrade performance of computers as businesses and consumers scrambled to figure out whether installing the patches would slow their machines. These flaws are security laxes detected in nearly every computing device that make their data vulnerable to hacking. The glitch surfaced early this week when news broke that researchers were planning to release technical reports on the threats, sending businesses, governments and consumers scrambling to understand the extent of the threat and the cost of fixes. No clear consensus has emerged. “Intel continues to believe that the performance impact of these updates is highly workload-dependent and, for the average computer user, should not be significant and will be mitigated over time,” the company said in a release. The release cited comments from Amazon.com Inc., Apple Inc., Alphabet Inc’s Google and Microsoft Corp, which said that they had seen no significant impact to performance after installing the patches. They were among a group of firms that …

Grosvenor Crescent is UK’s Most Expensive Street with £17m Average Homes

Grosvenor Crescent, located in the heart of Belgravia between Hyde Park Corner and Belgravia Square, is the most expensive residential street in England and Wales, according to the annual research from Lloyds Bank. A typical property on Grosvenor Crescent will cost an average of £16,918,000. Embed from Getty Images Belgravia has long attracted wealthy buyers and famous residents including former prime ministers Stanley Baldwin and Margaret Thatcher to the area due to its graceful white stucco residences, sweeping crescents, private garden squares and closeness to all the amenities of nearby Knightsbridge, Pimlico and Chelsea, to create the nation’s wealthiest district – three of the top five most expensive streets are in Belgravia. Grosvenor Crescent seems to have weathered the storm buffeting property valuations at London’s top-end of the market after the vote to exit the European Union, with the typical price tags unchanged since last December. However same thing cannot be said for next-door neighbours Eaton Square – which topped the bank’s table a year ago – which has seen more than £3m wiped off …

Sad Chapter as Book & Kitchen Closes in Notting Hill

Muna Khogali’s Book and Kitchen finally closed its doors in Notting Hill’s All Saints Road on 7 October after over four years of trading. Yet another demise of a well-conceived independent bookshop, cafe and events space. Bibliophiles across west London had rejoiced at its inception. Finally, a place where you could browse through your favourite tomes and indulge in a cake or two. The concept had been the fruition of a life-long dream for Khogali, who had longed for a place that looked less of a bookshop but more of a wander into your study within the close proximity of a nibble or two. Almost an anti-bookshop where books were showcased in an informal setting alongside the motto “combining the literary with culinary”. It opened to rave reviews and it was easy to see why. A well-curated booklist covering the arts, design, fashion, fiction and non-fiction housed in a airy and immaculate building. It also hosted literary evenings, supper clubs, music nights and book signings. Khogali signed off in an email to customers: “Book and …