London Stocks Slide Amid Us Shutdown Fears

The British Museum is a short walk away, as is Regents Park. When I was there the hotel had literally just opened its doors; it has a beautiful large lobby with a bar, and there are plenty of places to sit and watch the world go by. Upstairs, the rooms have blonde wood floors and stark white bedding, with lots of natural sunlight. Its Ian Schragers latest hotel; he opened it in conjunction with Marriott International . Im sure it will be a hit with locals and travelers since when I was there for its opening it seemed as if it had always been on the London scene; everyone in its public areas seemed quite at home. During my trip I stayed at The Savoy , right near Covent Garden. The hotel is extremely high end and its lobby bustles with locals and guests. Its fun just to sit and watch everyone coming and going, youll get a real taste of London life here, as this is where residents of the city come to celebrate special occasions in the restaurants. Kaspars is the hotels new seafood dining option; I can fully recommend it and suggest requesting a seat that has a view of the River Thames. The Savoy also serves an excellent afternoon tea, which also brings in affluent guests. Its a stunning setting, all under a glass cupola, truly worth going to have a look even if you dont want to stay for tea. If you do go for tea (I actually making a reservation), youll want to dress up in your finest. You might instead opt for a drink at the snazzy Beaufort Bar, just across the way in the hotel.

The benchmark FTSE 100 index dropped 0.26 percent to 6,437.28 points while Frankfurt’s DAX 30 fell 0.36 percent to 8,591.58 points. “Having been critical for so long of European politicians’ response to the crisis in Europe over the years, it is now the turn of the US to be at the beck and call of dysfunctional politics and politicians,” said Michael Hewson of CMC Markets UK. “I wonder if any of these Democrat and Republican politicians currently bickering amongst themselves, with the fate of the world economy in their hands, can see the irony in how the worm has turned, and how their behaviour damages the credibility of the US in the eyes of the rest of the world.” The “terrible” and “unthinkable” threat of a US government default continued to transfix investors as a standoff over raising the debt ceiling surmounted angst over a week-long government shutdown. US Treasury Secretary Jack Lew on Sunday warned that Congress was “playing with fire” as Republican House leader John Boehner said the party would not raise the US debt ceiling without spending cuts. Global markets are on tenterhooks, with concerns that if the borrowing limit is not raised by October 17 — when the country runs out of cash — Washington will not be able to pay its bills and will default. “If anything the positioning of the two parties appears to be becoming more polarised and not less and as a result it seems unlikely that we will see a swift conclusion to the current impasse, which is sure to stoke even more uncertainty, as we close in on the October 17th deadline,” Hewson said. On the corporate front, the aerospace sector was in focus after Airbus announced a $9.5-billion deal with Japan Airlines. The announcement helped to improve the fortunes of Easyjet which slid 2.85 percent to 1,260 pence. However, the biggest faller was Sports Direct International PLC with the high-street retailer plummeting 4.33 percent to 674.50 pence. Precious metals group Fresnillo finished top of the FTSE 100 leaderboard after the UBS brokerage raised its rating for the stock from aneutrala to abuya. The announcement helped propel the Mexico-based miner up 1.97 percent to 931.50 pence. Aviva was also in demand and Britain’s second-biggest insurance group was up 1.88 percent to 422.60 pence. Lloyds Banking Group ended the session as the most traded blue-chip with 122.98 million units changing hands, followed by 55.17 million for telecom giant Vodafone. On the currency markets, the pound gained ground on its main rivals and strengthened to $1.6087 at 5:12 pm from $1.6010 on Friday evening. Sterling also inched up to 1.852 euros from 1.1809 over the same period.

Football Thursday: Can ‘Madden’ video game do more to help NFL in London than the Jaguars?

“People don’t want their attention broken up by adverts,” he said. This is an issue for an NFL that desperately wants to reach young people in the UK. It figures it can only do so much with people over the age of 30. Those fans have their sports and their teams, and the NFL believes they aren’t going to be as open to accepting the NFL as younger people who might be willing to embrace an American sport. It’s a risk. Passion for soccer in England is massive, and the NFL still trails sports like cricket and rugby in the popularity polls the league takes. And American football’s best hope might not lie in the Jaguars or Channel 4 but in a familiar cellophane-wrapped case. “Madden.” A common theme among people in their 20s who came to Wembley on Sunday is that they play the “Madden” NFL video game. And not only do they play “Madden” but their friends play “Madden” and those friends play “Madden.” “All the students we know have ‘Madden,'” said George, the Lions fan who won’t watch Luke Joeckel. “Madden” does what the NFL can’t in Great Britain. It explains the game and its complicated rules and strategies.