Canary Wharf News
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Canary Wharf Group Plc and Qatar’s sovereign-wealth fund won local-government approval to construct offices and 877 homes in eight buildings at the site of Royal Dutch Shell Plc’s U.K. headquarters near the London Eye Ferris wheel on the River Thames.
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Job vacancies at London’s financial- services companies fell 22 percent last month as a weak economy curbed hiring, according to a recruitment firm’s survey.
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Land Securities Group Plc, the U.K.’s largest real estate investment trust, said full-year profit increased as the company secured tenants for empty properties. The shares rose the most in 16 months.
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Coffee houses hold a special place in London’s history. During the late 17th century, they were the birthplace of Lloyd’s of London and the London Stock Exchange -- two institutions that helped make the square-mile City of London a global financial capital.
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Canary Wharf Group Plc and Qatar’s sovereign-wealth fund won planners’ support to build 877 homes and about 76,000 square meters (820,000 square feet) of offices at the site of Royal Dutch Shell Plc’s London headquarters on the banks of the River Thames.
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Job vacancies at London’s financial- services companies climbed 19 percent last month as tougher regulation of banks spurred hiring in compliance and anti-money laundering, recruitment firm Astbury Marsden said.
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For most office building owners, a lease running down to less than five years sets off alarm bells. For investors in Europe like Blackstone LP and Carlyle Group LP, it sounds more like cash registers.
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North American fertilizer production projects totaling $22 billion may be at risk of delay amid increased scrutiny from regulators and communities after last week’s explosion at a Texas plant killed 14 people.
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In the months before last week’s deadly fertilizer-plant explosion in Texas, U.S. government watchdogs criticized federal oversight of facilities that make or store dangerous chemicals.
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One person was confirmed killed and another 35 people were missing after an explosion at a Texas fertilizer plant that injured 160, flattened houses and devastated the center of the town of West.
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