Tag: London

  • Two die in London’s chopper crash

     

    Two people have died after a helicopter crashed into a crane at a building site in central London in misty conditions, police told the BBC.

    Police said it appeared the helicopter had hit the crane on top of a building at about 08:00 GMT.

    London Fire Brigade has 60 firefighters at the scene near Wandsworth Road in South Lambeth.

    They said one of the dead was in the helicopter.

    Burning wreckage lay in the road but the fire is now under control.

    A man rescued from a burning car by firefighters is one of two people taken to hospital by London Ambulance Service crews.

    The incident caused gridlock with all approaches to the Vauxhall Cross one way system closed at the height of the rush hour and Vauxhall Tube station and railway station closed.

    The fire brigade was also attending a second scene involving a crane in a precarious position on St George’s Wharf.

    Video footage shot on a mobile phone showed an entire road blocked by burning wreckage and aviation fuel.

     

  • ‘Nigerian firms lured by London’

    ‘Nigerian firms lured by London’

    Nigeria might be trying to lure local companies into listing on its stock exchange, with flotation activity set to increase – but it’s not the only one. London is stepping up its efforts too for listings in tandem.

    As the Nigerian Stock Exchange (NSE) scrambles to regain the ground it lost after the equities bubble burst in 2008 sparking a spectacular $50billion crash, Nigerian groups are also being tempted by London’s broad investor base and liquidity, according to Financial Times’ beyondbrics.

    The LSE is actively looking to add Nigerian companies to its roster and is in discussions with its Nigerian counterpart to simplify the dual listings process, allowing immediate trading and settling of securities in both markets.

    Ibukun Adebayo, the London Stock Exchange’s head of business development for the Middle East and Africa, said: “The level of interest in the country from global investment houses operating out of London has grown significantly, particularly in the last couple of years. There’s been a distinct pick up in terms of the value that African countries see in having a LSE listing.”

    The result is that the pipeline of Nigerian companies now preparing for initial public offerings in London “has grown significantly compared to this time last year”, he added, without naming groups.

    For businesses that have outgrown their own bourse the attraction is greater than a new realm of investors. “It’s about more than just capital raising. It’s about profile building, the binding effect of meeting higher regulatory standards, plus London’s ability to adequately price risk from this part of the world,” Adebayo explained.

    There are five companies either incorporated or operating in Nigeria now quoted on London markets, worth a total of $3.5billion. This September, the west Africa-focused energy group Eland Oil & Gas became the largest company to float on the LSE’s smaller market AIM, raising $188millio after it partnered with local oil firm Starcrest to buy a stake in a Nigerian oil block.

    Zenith Bank, one of Nigeria’s leading lenders, also said penultimate week that it plans a secondary listing in London, which will be facilitated by JP Morgan pending shareholder approval on November 21. It follows other top-tier financial institutions Guaranty Trust Bank and Diamond Bank.

    Africa’s richest man, Aliko Dangote, is aiming to float a 20 per cent stake of his $11billion cement business next year – the first listing of one of his companies outside Nigeria. But Dangote Cement is grappling to meet the LSE’s stringent main market corporate governance requirements, with analysts predicting that it will make it to market in late 2013 at the earliest.

  • I was not arrested in London, says Ajimobi’s wife

    I was not arrested in London, says Ajimobi’s wife

    Wife of the Oyo State Governor, Mrs. Florence Ajimobi, yesterday denied the story of her arrest by the London Metropolitan Police.

    The PM News yesterday published a piece entitled: “Anxiety over Florence Ajimobi’s alleged arrest in UK”, which it claimed was written by an online agency, Newsleak.

    The publication claimed that the governor’s wife was arrested in London for money laundering.

    It said Mrs. Ajimobi had travelled abroad 52 times since her husband assumed office.

    The Metropolitan Police and the United Kingdom Border Control Agency said it did not interrogate Mrs. Ajimobi.

    An official of the Metropolitan Police said: “We have no knowledge of the arrest.”

    Speaking with reporters on the telephone yesterday, Mrs. Ajimobi said she was not arrested. She described the news of her arrest as the handiwork of the opposition to discredit her husband’s administration.

    Mrs. Ajimobi said: “I do not know what they are talking about or where they got the information from. I left Nigeria on Sunday and I was not arrested. “

    Asked if she was invited by the police on her arrival in London, she said: “No, not at all. I came here with my daughter on Sunday and I am preparing to return home. I was not invited by the police and I do not know what this is all about.”

    On the reason for her trip abroad, she said she took her 14-year-old daughter back to London, where she is schooling.

    Mrs. Ajimobi said: “I have a 14-year-old daughter, who has been in London for seven years. She has been here since 2007. She came to Nigeria for two weeks and we left Nigeria on Sunday morning. That is my mission here.

    “I read the report here in England and I was shocked. There is no truth in it. I am surprised that some people can descend so low to write falsehood. I am disappointed in the reporter that allowed himself to be used to carry out the hatchet job. I am expected back in the country tomorrow morning (today).

    On the allegation that she had travelled 52 times since the inception of the administration, she said: “Then it means I am not living in Nigeria. When I return, I will show you my passport, so that you can count how many times I have travelled. I want you to deal with facts. I have an underage daughter that has been schooling in London since 2007. If you look at my passport since 2007 and compare the way I travelled then with the way I travel now, you will discover that I travel less now.

    “My daughter complains that I do not visit her regularly. I make her come to Nigeria more because I cannot afford to spend 10 days or more abroad.”

    An aide of the governor, who pleaded for anonymity, said: “So far, the governor has spent 68 weeks in office, how do you reconcile the claim that his wife has travelled 52 times since the inception of this administration? Does it mean that she travels every week?”

     

  • Umunna: U.K Labour’s ‘British Obama’

    Umunna: U.K Labour’s ‘British Obama’

    Chizom Ekeh, freelance journalist profiles Umunna, the British Member of Parliament of Anglo-Irish Nigerian descent who is regarded as one of Labour Party’s ‘rising stars’

     

    Despite his protestations, Chuka Umunna, Labour Member of Parliament can’t hold back speculation that he may become the’ British Obama’.

    The former lawyer, who was born and raised in Streatham, has climbed the ranks of the Labour party with record speed.

    In just 18 months, he became parliamentary private secretary to the Labour party leader, Ed Miliband, and then moved on to become shadow minister for small business and enterprise. Five months later in October 2011, when John Denham retired from politics, Umunna was promoted to shadow business secretary.

    At 33 years old he is one of the youngest MPs in parliament and the shadow cabinet. When he was elected as MP for Streatham at the election in 2010, he was named by commentators as one of Labour’s “rising stars.”

    But it is difficult to pinpoint the exact moment when Umunna’s political stardom began. Some highlight his performance on Question Time in October 2007, when he challenged the Sun’s editor, Kelvin McKenzie, over remarks he made about Gordon Brown.

    Others highlight his performance at the Treasury Select Committee meeting last year, when he quizzed Barclays boss, Bob Diamond, on the bank’s alleged tax avoidance schemes. It was revealed that Barclays used over 300 subsidiary companies in offshore jurisdictions and had paid just £113m in corporation tax in 2009, despite making £11.6bn in profit.

    On the other hand, Independent journalist, Steve Richards, attributes Umunna’s success to his political background and his decision to back Ed Miliband in Labour’s leadership contest. He highlights the politicians’ similar ideological outlooks and the connections made when both were involved with the centre-left think tank, Compass.

    It has been five years now since the Labour MP has been dogged with comparisons to Barack Obama. In 2007 Simon Woolley, director of Operation Black Vote, was first to make the link.

    Then in 2009, when Umunna was just 30 years old, the New Statesman published his profile as Labour’s parliamentary candidate for Streatham with the headline “ A Barack Obama for the UK”.

    Indeed there is broad consensus on the many characteristics that the two men share. Most obvious is that both are mixed race of half African descent, both are lawyers and both suffered the tragedy of losing their fathers due to car accidents at an early age. It is also vastly overstated that like Barack Obama, Mr Umunna is handsome too.

    And perhaps most perceptive of all, is the observation that the politicians’ names even share the same syllable count.

    However in a number of interviews, Umunna has expressed dismay with such comparisons, which he has described as “dangerous “. His stated wish is not to be “viewed through the prism of someone else’s personality.”

    The Streatham MP is marked for being an unusually popular politician. This is due in part to his polished public image. Umunna is noted for his custom tailored suits and has been variously described by commentators as ‘smooth’, ‘marketable’, ‘refreshing’ and a ‘cool cat’.

    As a result Umunna has wide telegenic appeal and has become a seasoned media performer. Cynics highlight however, that such attributes could mean that he has more chance of becoming prime minister than the current Labour party leader, Ed Miliband.

    Nelson Abbey, journalist at the Evening Standard wrote: “If I was Chuka, when Ed Miliband – who doesn’t seem to excite the Labour faithful, the media or the electorate – was elected to lead his party, I would have gone into a bathroom, looked in the mirror and passionately kissed myself. Ed’s election and the defeat of his brother, David Miliband, probably enhanced Chuka’s prospects more than it did his own.”

    Despite his confortable upbringing in the leafy suburbs of Streatham, Umunna can straddle the social divide and identify with urban culture. At one point in his life he wanted to be a DJ and ran a regular club night in Brixton.

    The MP is also chair of the London gangs’ forum and has supported a number of charities for youth.

    But while Umunna identifies himself as a ‘European Social Democrat’, question marks still hang over his politics. Is the Streatham politician, voted two years in succession as parliament’s most fanciable MP, more style than substance or the reverse?

    In an interview with the Guardian early last year, Umunna said that his drive to become involved in politics was rooted in his belief in social justice and a desire to change people’s lives. He emphasised that he did not want to be perceived as just another ‘career politician’.

    And to this end one could look back to his activities at Compass. At the beginning of his career, he gained a following on the Labour left. He was highly critical of the New Labour agenda and called for the party to stand up for its core beliefs of fairness and redistribution.

    Today however Umunna is rumoured to have admitted to friends that since his election in 2010, his politics have shifted to the right or become more “centrist”.

    Labour’s “glittering star”, as he was pronounced by the Economist, has been increasingly associated with the former business secretary, Peter Mandelson, who is otherwise known around Westminster as the “Dark Lord”.

    Umunna’s stated “totally relaxed” attitude towards the high earnings of entrepreneurs who set up business and create wealth and jobs for the country, is said to echo Mandelson’s statement that he was “intensely relaxed about people getting filthy rich” if they paid their taxes. Umunna has expressed deep respect and eagerness to learn from the former business secretary and the pair are said to be in regular contact.

    Furthermore and perhaps even more striking is the fact that the Labour MP has expressed new admiration for the former prime minister, Tony Blair, after having recently read his book.

    Blair is said to have had significant input into Umunna’s tutelage. In the May issue of Total Politics it was noted that the MP displayed “Tony-esque flourishes”. Meanwhile the Independent’s Tim Walker observed:

    “Umunna shares a number of Blair’s mannerisms: he’ll often preface his sentences with “look”, or “Y’know”or “What I would say is…”.

    Walker added that he “deploys his charming laugh at all the right moments.”

    Indeed in stark contrast to his disillusionment with New Labour in 2009, in 2011 in an interview with the Independent, Umunna said that he believed that 85 per cent of what Tony Blair did was right – although he did not support the invasion of Iraq and his neo-liberal agenda.

    He went as far to add that had it not been for Blair’s 1997 reforms, he would probably not have joined the party.

    Perhaps most unexpected of all was his recent announcement that he has turned to former Tory business secretary, Michael Heseltine, for inspiration. Umunna explained: “ I just like his approach and mind-set when it comes to looking at how government can work with business.”

    The MP has also found friends on the Conservative benches. Andrew Tyrie, chair of the Treasury Select Committee, described Umunna as “charming”, “effective” and “the genuine article” and has predicted that he has every chance of enjoying “a long spell at the top of British politics.” Some Tory bloggers have gone as far to suggest that Umunna should defect.

    The MP of Anglo-Irish Nigerian descent proudly describes himself as a Londoner. His professed love for UK garage music is due is to its fusion of English, Jamaican and Latin cultures which makes it “very essentially London”.

    But despite having established TMP – a political website targeted at multicultural progressives, he rarely speaks out publically on issues regarding race. His recent statement that the verdict of the John Terry racism trial had sent out the wrong message was unusual.

    And unlike activists on the ground who believed that the August 2011 riots were in part symptomatic of declining race in equality in the UK, Umunna refutes all suggestions that the riots had a racial dimension. Instead he says “the elephant in the room is social mobility.”