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Click to head home BIZ FORUM London Mayor weekly update UK Economy weekly update Jaguar Racing weekly update What is London Diary London Diary weekly news.

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Presentation on theme: "Click to head home BIZ FORUM London Mayor weekly update UK Economy weekly update Jaguar Racing weekly update What is London Diary London Diary weekly news."— Presentation transcript:

1 Click to head home BIZ FORUM London Mayor weekly update UK Economy weekly update Jaguar Racing weekly update What is London Diary London Diary weekly news & events Enter Forum

2 Curzon Berkeley VIZITELS Business Finance Oriental Carpets Image Counts Salsoteca School Victor Trocki Hair & Beauty Salon Geraldine Walsh QZG Photography Mayfair Cobblers See You Through Rimini Computer Magic of Magic Delly, photographer Flexy Office Allery Scotts Ltd Osborne Clarke Helicopter Tour City Paintball Jaguar Racing London Marriott Marquees R S ARCHITECTS L T Architects Biz Woman Canada Marshall Hatchick PfiWorld Insurance Service UK Economy Hotel accommodation Subscription form Subscription options Crewise Bar/Club guest list London Mayor WEMPE Jewellers Meeting Room CP Web Magic Americana Travel Discount Hotels Theatre Now Upfront Television Party Palmist Stefka Baldjieva Snappy Snaps New York Disaster Apartment Venice Raffles Cars Designer Flowers Artworks Harley St Dentist Room Service Mad Vans Forum Reception Business Directory Submit your ULR Business Directory UK search engines

3 Click to head home Back to reception Business Directory IMAGE COUNTS An unusual Image Consultancy which uses the branding process to help people achieve their goals, social or professional. Jenny has sourced and works alongside a number of amazing professionals who are hard to find. They are the people that will make the biggest difference to your required outcome. Her expertise is in diagnosing what are the crucial areas to spend your money and time on. This is what really will make the difference to your options and your future life and it mostly is not the way you dress. Many of the things she suggests will not cost serious money (books, tapes, workshops, clubs), but some of them do (possibly your teeth or your voice). It is up to you how much of this valuable advice you take on board and do something about. Jenny will be there for you whenever you need that extra bit of advice or need a particular new service in the future. She charges a modest flat rate for what is usually a one-off consultation and is extremely well connected to professionals in London. Colour analysis plays a very small part of the exercise but can make quite a difference to some people when choosing clothes. Jenny Cutler By phone: Tel: 020 7407 6764 e-mail: Jenny-mail: Jenny Here at RCS we take pride in providing our customers with quality advice, service and support. We aim to provide a comprehensive service, covering all matters concerning Personal Computers, Printers, PC Networking and the Internet. With an emphasis on problem solving, we're here to help. Call us if you need us, whether its for assistance or just plain advice. Company Profile: Rimini Computer Services is based in Hertfordshire and we have has been advising customers on computer and networking issues, for the past ten years. Our service areas at present include the whole of London and most of the regions in the South East. Highly trained Computer / Network Engineers with many years experience are on hand to provide the support service. Our clients range from large institutions to small businesses, with a varied range of business activities. This does not mean that if you are a single-user with one PC and one Printer we are not interested. On the contrary, we value your business equally with that of our larger, corporate clients. Please feel free to contact us either by E-mail, fax or telephone Rimini Computer Services Tel: +44 (0)1992 634000 Fax: +44 (0)1992 639777 e-mail: Rimini Computer ServicesRimini Computer Services

4 Click to head home Back to reception Business Directory An original strategy to move you towards exciting new options in your life. For men and women, being unexpectedly single again can be challenging, but can also be a powerful opportunity for change and developing new directions. Our unique service enables you to meet these challenges with professional help, practical support and motivation, thus easing the way forward to a new life. Our initial consultation gives people the opportunity to gain clarity on specific issues such as gaining: an improved social life; dating expertise; self-confidence, new relationships; financial prioritising; career direction; your full life potential. Whatever your specific requirements and most urgent needs are, we probably have the solutions and the specific professionals to enable you to get there. Call us first. We are currently the only company in the UK offering this bespoke service. Jenny Cutleror Annya Ladakh By phone: Tel: 020 7222 6028 By eMail: Jenny CutlerJenny Cutler QZG Photography : A photograph is a photograph,however a professionally photographed portrait is a thing of beauty a timeless classic that will bring you joy and delight over and over again, so why not celebrate,capture the day that moment in time a birthday, a wedding anniversary, the celebration of motherhood or a family portrait. Many men and women desire the real Mcoy timeless professionally taken portraits which will show them at their best emphasising their best features, utilising sensitive lighting with specialist photographic make up advice. Shot in contemporary colour or classically timeless monochrome. The Photo session will take place in the comfort of our house thats right,.we bring our studio to you. So what are you waiting for give us a call on 0208 355 8047 to book your appointment e-mail: Please contact us with more infoPlease contact us with more info

5 Click to head home Back to reception Business Directory Mayfair Cobblers 4 Whitehorse Street W1 Tel: 020 7491 3426 Hair & Beauty Salon: The salon, situated at 45 Curzon Street, Mayfair, is open six days a week from 9.00am to 7.00 pm and every month we have a special offer aimed at our loyal customers. We pride ourselves on quality, but more importantly value and service are significant factors making up our business profile. Janet Ginners Hair & Beauty Salon Tel: 020 7499 1904

6 Click to head home Back to reception Business Directory Geraldine Walsh born in London. Studied Fine Art and Art and Design at Byam Shaw School of Art : Also Artist in Residence, Fine Art and Professional Development at Kensington and Chelsea College. Works with Painting, Drawing and Mixed Media, semi abstract in style. Exhibited widely in London and exhibitions held in New York. Public collections include The Amstad Research Centre (New Orleans) and Marsha Phoenix Memorial Trust (London). Her development of work has been supported by Greater London Arts, Rowney, Metro, Lewisham Arts Services, Hilden Chartable fund, Marsha Phoenix Memorial Trust and others. Paintings/drawings/mix media & commissions for your home office and or gallery e-mail The communication challenge for many businesses is to project consistent, clear and understood messages in global markets which are in certain senses becoming more uniform, and yet culturally and politically, may be more fragmented than ever. We believe that the right communications strategy helps to create and develop an organisation's public profile, providing invaluable support to corporate growth. The strategy must be designed and co-ordinate to assure that consistent images and coherent messages are sent to target markets and opinion formers. Victor Trocki Tel: 0207 470 8830 Fax: 0207 470 8831

7 Click to head home Back to reception Business Directory Oriental Carpets Bonded warehouse, new and antique Tel: 020 7243 0832 Contact Claudia Salsoteca Dance School: salsa lessons and club nights throughout the week. See online presentation for details click hereclick here

8 Click to head home Back to reception Business Directory Julie Bishop MLIA (Dip) A Professional In The Professional Business Community: Julie Bishop is a well-known member of the Marylebone and Paddington business community and is qualified to give Independent Financial Advice. Having joined the financial services industry in 1987 Julie has built up a wealth of experience and a clientele to match. Among the clients who trust Julie and her team to advise on their financial affairs are professionals such as accountants, solicitors and business owners. To ensure her clients receive a fist class service, Julie is supported by a team of quality and dedicated individuals. Kingfisher Financial Planning works on an Introductions Only basis and much of our business is introduced to us by the professional community in the City and West End of London. Our office is located near to Bond Street and Oxford Circus stations and is the right place to get sound financial advice. 9 Welbeck Street, London W1G 9YB Tel: 020-7935-4701 Fax: 020-7935-7371 e-mail: Julie BishopJulie Bishop COMMUNICATIONS PRODUCTS VIZITELS range of professional communications products provide companies with real world solutions for real world problems. Tech+Aid Technical Support software lets a support technician render effective, on screen support in real-time, over a LAN or the internet, without the liability associated with taking control and with zero risk of virus contamination.. Tel: +44 (0)20 7935 6451 Fax: +44 (0)20 7935 2909 Email:

9 Click to head home Back to reception Business Directory Curzon Berkeley Limited represents two of the finest apartment hotels in the heart of London's exclusive Mayfair district. We offer a variety of accommodation from a single studio apartment to a two bedroom/two bathroom suite with lounge. All apartments have kitchen facilities. The Curzon Plaza, 56 Curzon St, Mayfair W1 & Berkeley Plaza, 39 Hill St, Mayfair W1 are luxuriously furnished and equipped apartments that offer all services including same day laundry, 24 hour concierge, fax service and more. Tel 020 74994121 The Magic of Magic was established in 1997. It's founder Michael Vincent, envisioned a company that would be a one stop shop for all your magical entertainment needs. The company is dedicated to providing world-class magical entertainment for any type of event, corporate or private. The mission statement of the company is simple, it is: "In spite of current trends and alternative forms of entertainment, our goal is, and always will be, to promote Magic as a performance art, because art is eternal The history of and heritage of magic is very dear to Michael's heart. His company has become his vehicle to promote the art of magic and to express and share the most profound of human emotions, wonder, mystery and enchantment. We are delighted to introduce you to the extraordinary artist Tel: 020 7286 4523. Click on image to visit web site

10 Click to head home Back to reception Business Directory All legal matters: Osborne Clarke Technology Law Firm of the Year - European Technology Forum 2001 & 2002 Hillgate House 26 Old Bailey, London EC4M 7HS United Kingdom direct dial: +44 (0) 20 7246 8160 direct fax: +44 (0) 20 7246 8161 Contact Robert Courtneidge Allery Scotts Ltd: You are invited to try our recently developed software by Allery Scotts Ltd that tells you what people are typing to find your business on the web. Whatever words you use to attract visitors, millions of other web sites will have the same. We can tell you what people actually type when looking for web sites. For example, if you sell hotel bedrooms and you have Hotels as a key word, what people actually type into search engines is & cheap hotel UK. You are now way ahead of your competitors. Free trial- to use the tool, go to and click on "demonstration". Alternatively, give me a call and I will explain how it works. Mike Wetton on tel 01454-329713 or e-mail Improve th option of finding usiness on the web!

11 Click to head home Back to reception Business Directory Delly, photographer for all your business and social occasions DellyDelly Formed in Italy in 1995 Flexy Office, originally provided serviced offices in a prestigious business district of Milan. The available space of the companies considerably sized building was quickly utilized, however Flexy continued to receive high number of inquiries about renting office space. Rather than turn these customers away, an alternative was to supply the customer with a 'virtual office', whereby the client had their calls being answered by a designated secretary, their mail diverted to them and the ability to host meetings in one of the business centers boardrooms on an hourly or daily basis. When a permanent office became available the client would be informed however in a large percentage of cases the client expressed a preference to keep the existing arrangement. The combination of flexibility, versatility and cost far outweighed being tied to a conventional office structure. Flexy Office Plc 6-7 Beaufort Court Admirals Way, Docklands London E14 9XL Via Telephone: +44 (0) 207 863 7550 Via Fax: +44 (0) 207 863 7510 Via Email:

12 Click to head home Back to reception Business Directory Minimum stay 4 nights Private apartment or a twin or double room English speaking living in Italy Contact Robert Hendrick Tel: 0039 041 5225 685 zenon with damon hill after the test-drive. Lease a new scooter-van from only £2 per day (incl fully comprehensive insurance) (see costs breakdown sheet below) Ideal for couriers and delivery/collection work, this unique deal is only available to business users and is for a minimum of 1 year the special insurance scheme we have arranged with Norwich Union covers all uses (except hot food delivery) q. Why is this deal so cheap? because you have to carry the advertising that madvans puts on the side/rear panels & roof lightbox the type of advertising will vary but will usually be national brands e.g. pepsi, vodaphone, redbull etc. you can put your own logo/details on the 2 front doors and the nose panel Tel: 020 7247 1415

13 Click to head home Back to reception Business Directory Stefka Baldjieva, presented a limited number of her paintings in the Uk. Oils on canvas; strong rich vibrant colours, with flowers making up the theme of the evening. Paintings have arrived from Bulgaria and will be in London for a short time. If you would like to see more images of the paintings, go to our gallery page where 56 images are on view gallery page All paintings are different sizes and are presented in basic frames. Should you wish to arrange a private (solo) viewing, we will be happy to invite you over to our London office. Paintings range from smaller sizes at £300 going up in sizes to £800 and £1200. Please do not hesitate to contact us to arrange to view paintings. E-mail Tel 020 7486 1227 Fax 020 7486 1226 New York Disaster: The World Trade Centre, also known as the "Twin Towers," was built as a result of a massive urban renewal project sponsored by the Port Authority of New York. Building begun in 1966 and was completed 4 years later in 1970, the 16- acre site was the centre of international trade and commerce. At least 70,000 people worked at the World Trade Centre and another 70,000 visited each day. The Centre consisted of two 110-story (1350 feet each) office towers, a 47-story office building, two nine-story office buildings, an eight-story U.S. Customhouse, and the 22-story New York Marriott World Trade Centre Hotel. The World Trade Centre was New York's tallest building and amongst the tallest buildings in the world.

14 Click to head home Back to reception Business Directory Snappy Snaps: Photography and development collection and delivery can be arranged 49 Hertford Street, Mayfair W1 Tel: 020 7495 1626 NEED CELEBRITIES? Have you thought about using a CELEBRITIES or PEOPLE IN THE NEWS to promote or endorse your product or event ? Why not contact Upfront Television, Europe's premier celebrity booking production company who have unrivalled experience and contacts with credits including the ELLE STYLE AWARDS 1998 - 2002, the 2000 BRIT AWARDS and "THIS MORNING" with Richard and Judy for ITV 1992 - 1997. Alternatively, if you want to contact celebrities direct, why not consider a subscription to the definitive online Celebrity contacts database for the media and entertainment industry. Contains more than 30,000 official agent, manager and publicist contact details for everyone from Tom Cruise to Tony Blackburn ! For UPFRONT TELEVISION, contact CLAIRE NYE or RICHARD BRECKER on tel: 020 7836 7702 or 7703; fax: 020 7836 7701 For CELEBRITIES WORLDWIDE, contact tel: 020 7836 7702 or 7705, e-mail:

15 Click to head home Back to reception Business Directory Having a party?? If so, make it a party to remember and call THE PARTY PALMIST !! Full details including a booking form can be found on our web site Theatre now unique association with West End producers allows us to provide discount theatre tickets and last minute theatre tickets for shows at London Theatres - even when others cant. We have bargain theatre tickets for top West End shows, daily news, listings and more!

16 Click to head home Back to reception Business Directory DISCOUNT CITY HOTELS: Your London Hotels Discount Centre is offering an Exclusive Hot Deal to all the members, a selection of 4 and 5star Hotels in London's Mayfair, Covent Garden, Knightsbridge and South Kensington. Prices start from £ 89.00 per room per night with full English breakfast, tax and service included and full leisure facilities. Visit or call 0208 764 8181 Americana Travel: For all you travel needs Tel: 020 7637 7853 Contact Mike Candesha

17 Click to head home Back to reception Business Directory Web site Management: CP Web Magic Board Room: Maximum 12) Located at The Curzon Plaza, 56 Curzon St, Mayfair W1. Half day £50 + VAT full day £100 + VAT. Tel 020 74994121

18 Click to head home Back to reception Business Directory Looking for that gift/present for a special occasion? Then why not visit WEMPE jewellers, Bond Street, Mayfair W1. Make an appointment to ensure the management can allocate a member of staff personal take care of your every requests. WEMPE Jewellers, Bond Street, Mayfair W1 Tel: 020 7493 2299 Raffles Cars: When you need a car and driver for 2 hours or more Tel: 020 7353 5000

19 Click to head home Back to reception Business Directory Click on "Room Service Deliveries" to order delicious meals from over 150 of London's finest and favourite eating establishments to you in your home or office in around an hour. Bon Appetit ! Harley Street Dentist 23 Harley Street, W1 Tel: 020 7436 2328 Contact Keith Cohen

20 Click to head home Back to reception Business Directory When you have to send flowers Call Designer Flowers Tel: 020 8961 6844 Contact Shirley Artworks as accessories, Temporary designs to wear on your face or body Ideal for parties & events E-mail Contact Geraldine Geraldine Walsh born in London. Studied Fine Art and Art and Design at Byam Shaw School of Art : Also Artist in Residence, Fine Art and Proffessional Development at Kensington and Chelsea College. Works with Painting, Drawing and Mixed Media, semi abstract in style. Exhibited widely in London and exhibitions held in New York. Public collections include The Amstad Research Centre (New Orleans) and Marsha Phoenix Memorial Trust (London). Her development of work has been supported by Greater London Arts, Rowney, Metro, Lewisham Arts Services, Hilden Chartable fund, Marsha Phoenix Memorial Trust and others.Contact Geraldine

21 Click to head home Back to reception Business Directory Renee Boyce Boyce Insurance Service Consultancy specialising in special insurances 01737-215-591 Keith Hatchick Marshall Hatchick Quality of service is our hallmark 020-7935 3272

22 Click to head home Back to reception Business Directory Peter OBrien Interior Design Management Our team is made up of highly experienced professionals Tel: 020 7407 1007 Patrick Ricketts PfiWorld Business Directory 01522 568703

23 Click to head home Back to reception Business Directory Bernard Lawrence Lawrence Tring Architects Tel: 020 7 536 2100 Business Woman Canada Telephone: 705-722-9

24 Click to head home Back to reception Business Directory Charles Worth Marquees Hurst Hill Dunsfold Godalming Surrey GU8 4NT Tel: (01483) 200716 ROBERT SHAW ROBERT SHAW ARCHITECTS Architecture and Design, Building Dispute Consultancy +44 (0) 20 8994 1599

25 Click to head home Back to reception Business Directory The elegant London Marriott Grosvenor Square is superbly located in Mayfair next to the US Embassy and near the shops of Oxford Street. West End theatres, major attractions and business areas are easily accessible. The hotel offers English style and service with the reliability of Marriott. **2 Minute walk to Bond Street station** London Marriott, Grosvenor Square, London W1K 6JP, United Kingdom Phone: 44-207-493-1232 Fax: 44-207-491-3201 City Paintball is an activities company with a fresh approach to paintballing. Drawing on a rich source of experience in running extreme sports and pursuits, we have created a new and radical angle to the game that gives a real sense of excitement and leaves a lasting impression. The game is played under huge underground arches, situated in Bishopsgate in the City of London, just two minutes walks from Liverpool Street Station. The environment is unique – a versatile lighting, sounding and gaming experience. Under the arches are six separate areas each with its own distinctive characteristics, but which combine and open up into one huge playing area. City Paintball is open all year round, and caters for all types of players and events, whether it be a Corporate Event, Group Booking, Stag / Hen Party, or individual players. On Mondays and Saturdays City Paintball opens to all members of the family, with children over 12 welcome to play. As a member of the UK Paintball Sports Federation, you are guaranteed the highest standards of safety and equipment CITYPAINTBALL.COM 30 Uxbridge Rd Shepherds Bush W12 8ND Phone: 0700 2 7529 2255 Fax: 0208 749 7380

26 Click to head home Back to reception Business Directory Are you visiting London for the first time or do you wish to see some of the famous London landmarks from a unique aerial perspective. From as little as £110 per person, let us fly you along the London heliroutes down the river Thames and see Big Ben, the Houses of Parliament, the Tower of London, Buckingham Palace and other historical sites by air. There are a number of different heliroutes available for a perfect sightseeing day. So, if a trip over London is not to your liking, let us arrange one that would be. The Crewise Portal is world-renowned directory of crew recommended businesses. The Crewise Portal and card together make up a compact guide to the best businesses across the globe. The world's most successful retailers, accommodation, restaurants, and entertainment venues provide specially negotiated products & services to all our members.

27 Click to head home Back to reception Business Directory Internet Works: Making sure the internet works for you: How do clients find your business on the web. Over 100 UK search engines, is your business listed? Search Engine Submission Made Simple! Submit your site to the major of search engines, Save hours of work! Drive visitors to your site by registering with Excite, Alta Vista, Lycos, Google, and many more! Join the crowd! Over 85% of people online use search engines to find that they are looking for. Use CP web magic Simple Submit! Pro for Members WHY WAIT Note: you will need to login Password = wizard

28 Click to head home Back to reception Business Directory London Diary Invites to events London Diary Link Up: You can now have a small image of a calendar on your web site aimed at creating a shortcut for you and visitors to your web site to find what events, news and parties are on London Diary. When you click on the calendar image located on your web site, it will take you to the calendar page giving access to whats on. We will also arrange a link from London Diary award winning web site to you with a brief introduction of your site on our links page. If you would like to arrange a link to our site, please e-mail to send code for a calendar linkup and we will forward the code by retune. The whole process to set up a link will take less than five minutes for your webmaster to organise. send code for a calendar linkup

29 Click to head home Back to reception Business Directory Mayor announces over £ 130 million for local transport schemes Local communities throughout London will benefit from transport schemes funded from a £ 130m grant announced today by London Mayor Ken Livingstone – a £ 10 million increase on last year s total. The Mayor revealed how Transport for London s 2003/04 transport grant for Borough Spending Plans would be divided between London s boroughs. It is based on bids submitted by the boroughs. The announcement will allow early planning for schemes to be built in 2003/04. Mr Livingstone said: This increased money for local transport is good news for people right across London. Most travel in London is still local, with well over half of all trips under 3.5 miles. This funding is designed to improve the quality, safety and reliability of those trips for Londoners, whether they are driving, catching a bus, walking, or using their bike. The money will fund a wide range of programmes, including road safety, road maintenance, cycling, and safer travel for school children, These schemes have been put forward by the boroughs, who are best placed to identify local people s transport needs, in line with my Transport Strategy for the whole of London. The spending plan is divided into different programmes. Of the main programmes:. £42.7m is being allocated to improve the condition of main roads and strengthen bridges · £20.7m is allocated for road safety · £21m to improve bus journeys · £8.6m for cycling · £21.6m is being invested to improve conditions for walking and other local trips to shops, schools and offices through area-wide schemes in town centres and residential areas. · £6m is being invested in a London- wide Safer Routes to School programme · £7.2m is available for local traffic signals · £2m is being invested in green travel plans and travel awareness campaigns · £0.9m is being provided to manage local parking problems Bob Kiley, Londons Transport Commissioner, said: Transport investment is vital to Londons social and economic vitality. To get London moving we need to prioritise and put in the necessary resources. The Mayors Transport Strategy has outlined the fundamental work that needs to be done to revive our city. With these funds the boroughs can continue to deliver the local impromements we so urgently need.Mr Livingstone also confirmed that the Boroughs would benefit from funding of at least £140 million for both 2004/5 and 2005/6. He said: Despite the uncertainty surrounding how much Government grant Transport for London will get in future years, I am determined there should be stable funding for local transport schemes which will give boroughs the certainty to plan for the future. We look forward to working with the Boroughs in the next few months to confirm which programmes and schemes will be funded in 2004/5 and 2005/6.

30 Click to head home Back to reception Business Directory ¨As widely anticipated both the Bank of Englands Monetary Policy Committee and the European Central Bank (ECB) left interest rates on hold at their meetings last week. As is customary, the MPC issued no statement. We will have to await the publication of the Committees minutes next week to find out who voted which way and how close the committee came to opting for a rate cut. There was nothing in the latest UK data to change the MPCs views on interest rates, or indeed to change our general view of the economic picture. Manufacturing output stayed flat between July and August and remains deep in recession, with output down 3.6% on August last year. No sign of a bounce back for this sector yet. Similarly trade data for August disappointed, with the deficit for goods trade widening to £2.8 billion from £2.4 billion in July. Although the non- EU deficit was broadly stable, the deficit with the EU countries shot up from £469 million to £859 million – the largest such deficit for over three years. The prime cause of this increase was a collapse in export volumes, in line with the weakness in domestic demand at the core of the Eurozone. The MPCs unwillingness to cut rates is understandable, given the continuing strength of consumer demand and the risk of a housing market bubble. The Committee will only cut rates again if the external risks increase substantially, providing a justification for further accentuating the dual economy. The ECBs reluctance to move is more difficult to explain. Domestic demand growth is extremely subdued in the major European economies, particularly Germany, with any growth coming from exports – i.e. dependent upon US recovery being sustained. Inflation may be marginally above target, but the key risks certainly look to be more on the downside than the upside. Data released last week did mark up the GDP growth estimate for the Eurozone for Q2 from 0.3% quarter-on-quarter to 0.4%. But this was largely due to weaker imports. Household consumption was revised down, as were imports, resulting in an increase in the trade surplus and hence GDP. In his press statement following the announcement of the ECB decision, President Duisenberg placed considerable emphasis on the failure of member states to take swift, decisive, action to respond to fiscal deficits seen as excessive under the terms of the Stability and Growth Pact. He stated that fiscal consolidation – i.e. rapid reduction of deficits – would not be detrimental to the outlook for economic growth; hinting that delays in this process was one reason the ECB was holding off rate cuts. If that is the case, then the end result is tighter- than-desirable monetary policy, alongside pressure to tighten fiscal policy, while the Eurozone economy comes close to stagnation with no internally generated momentum. Duisenberg is right to press the case for overcoming the inertia in implementing structural reforms, but on the macro policy front, stimulating domestic demand requires early action, and that means reducing interest rates. The ECB should act ASAP, but do not hold your breath. The failure of Duisenberg to use the phrase that interest rates are appropriate may signal some willingness to at least consider a cut. The surge in US equities at the back end of last week was welcome, but was due to encouraging reports on profits for some corporates rather than positive economic data. Indeed, consumer confidence and retail sales were both below expectations. Around one third of the S&P500 companies will report Q3 profits this week, so stand by for yet more interesting times in equity markets.

31 Click to head home Back to reception Business Directory Japanese Grand Prix – Qualifying 12th October 2002 Weather: Dry and Sunny Track temp (pre red flag): 31 degrees Track temp (session resumed): 28 degrees Air temp: 22 degrees Jaguar Racings last qualifying session of the 2002 season ended disappointingly as Eddie Irvine and Pedro de la Rosa qualified in 14 th and 17 th positions respectively for tomorrows 53-lap Japanese Grand Prix. Because of an engine failure, however, Eddie only managed to complete three out of his four flying laps. The qualifying hour was also broken into two separate sessions when, after 35 minutes, Alan McNish suffered a very big accident at the exit of the super-fast 130R corner. Thankfully, Alan walked away from the accident but it took over an hour to repair the damaged section of the protective barrier. When the session resumed, the track temperature had dropped by almost three degrees and although both Jaguar drivers improved upon their earlier lap times, the final positions make for a very tough race ahead tomorrow. Niki Lauda – CEO and Team Principal We knew we were in for a tough time at this circuit given the high downforce demands it places on cars. As demonstrated at Spa and Monza, we have come a long way since the beginning of this year, especially when it comes to low downforce configurations. We are, however, exposed at places like Suzuka where maximum downforce levels are a must. Eddie could probably have ended up a place or two higher, but his qualifying session came to a premature end after an engine failure – a rarity with the Cosworth engine. It was an instantaneous failure that came with no warning whatsoever and because of this, Eddie was unable to complete his final timed lap. With three Honda-powered cars in the top ten it is going to be very hard to hold onto our sixth place position in the championship but as we have seen at Suzuka so many times, anything can happen. Eddie Irvine Position: 14 th Best time: 1:33.915 Chassis: R3-05 T- Car: R3-03 A very disappointing end to a session that was getting better for me towards the end. The track was obviously getting faster as the session neared the end but an engine failure prevented me from taking full advantage of the last ten minutes when most people achieved their best times. Given that I was nearly half a second up coming out of 130R on my third run, it was obvious that there was a big improvement to come and its very disappointing to have lost the opportunity. Nonetheless, we very rarely suffer from engine problems and well just have exploit our race pace tomorrow. I started from 13 th on the grid last year and if it wasnt for a fuel rig failure during the race, we were in with a chance of grabbing a point. Nothing is impossible and given the high attrition rate at this circuit, getting across the finishing line can sometimes result in reward of some kind. Pedro de la Rosa Position: 17 th Best time: 1:34.227 Chassis: R3-06 Simply put, I suffered from a general lack of grip. The track conditions were quite good and while the balance of the car improved over each run, the outright pace wasnt enough to make an impact higher up the order. I made a couple of mistakes during my first timed run but improved in the second. My third run was compromised by a BAR-Honda that got in the way and while my last run improved significantly, it made no difference to the overall position. Very frustrating given the front-end set-up improvements which we made over the one hour session. It will be a very difficult race tomorrow. The lack of pace during qualifying doesnt bode well for tomorrow and I have little choice but to go out there and take some chances.

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