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The Business Matrix: Saturday 21 September 2013
Public offering for iconic skyscraper
The family which owns the Empire State Building has confirmed plans to float the skyscraper, along with 18 other properties in New York. Empire State Realty Trust is aiming to raise $1bn (£624m) from a listing in New York.
Osborne saves on borrowing
The Chancellor is on course to undershoot his £120bn borrowing target by more than £10bn this year as government departments got a grip on spending last month. August’s net borrowing of £13.2bn was £1.3bn below a year earlier.
£8.9m in shares for Trade minister
The new Trade minister, Lord Livingston, has walked away from his old employer BT with 2.6 million shares worth £8.9m. The telecoms giant said it “felt it was appropriate” given the major contribution he has made to BT’s turnaround.
Sharma takes consulting post
The City’s new financial watchdog has lost its second-in-command after the deputy chief executive of the Prudential Regulation Authority, Paul Sharma, quit for a senior role at the consulting firm Alvarez & Marsal.
- 1 'Kidnapped boy may have been abused and murdered by VIP paedophile ring,' say police
- 2 Ridley Scott on Exodus, Gods and Kings casting: 'I'm not going to get it financed if my lead actor is Mohammad so-and-so from such-and-such'
- 3 Girl, 7, gets Tesco to remove 'stupid' sign suggesting superheroes are 'for boys'
- 4 This letter from a reader explains why women can’t play football
- 5 'You should come to my house and eat cheeses with me': 4-year-old sends adorable love letter to girl at school