City A.M.’s at-a-glance guide to the key points of Osborne’s mini-Budget November 29, 2011 UK ECONOMIC OUTLOOK • The Office for Budget Responsibility (OBR) has slashed the growth forecasts it made in March. • Its central forecast for 2011 has been revised down to 0.9 per cent from the 1.7 per cent March prediction. It expects 0.7 per cent year-on-year GDP growth in 2012, instead of 2.5 per cent. [...]
City A.M.’s at-a-glance guide to the key points of Osborne’s mini-Budget November 29, 2011 UK ECONOMIC OUTLOOK • The Office for Budget Responsibility (OBR) has slashed the growth forecasts it made in March. • Its central forecast for 2011 has been revised down to 0.9 per cent from the 1.7 per cent March prediction. It expects 0.7 per cent year-on-year GDP growth in 2012, instead of 2.5 per cent. [...]
Axa is set to sell private equity arm September 28, 2011 AXA hopes to spark an auction after it finally confirmed it is interested in selling its private equity arm. The French insurance group believes Axa Private Equity will go for between £200m and £400m. Axa yesterday said it had begun a strategic review of its PE unit, which was set up by Dominique Senequier in [...]
Barclays private equity unit in management buyout November 11, 2011 Barclays Private Equity is being bought out by its own management team and will be relaunched as Equistone Partners Europe, it said, adding that the value of the gross assets being sold off was expected to be around £45m. Barclays, which last month posted higher profits as gains in its retail banking and credit card [...]
Barclays private equity unit in management buyout November 11, 2011 Barclays Private Equity is being bought out by its own management team and will be relaunched as Equistone Partners Europe, it said, adding that the value of the gross assets being sold off was expected to be around £45m. Barclays, which last month posted higher profits as gains in its retail banking and credit card [...]
Banks fuel FTSE gains as investors eye US jobs data December 2, 2011 Banks helped lift the FTSE 100 this morning as a concerted effort by central banks to trigger easier credit among lenders continued to bolster investor sentiment. Despite grim manufacturing data from across the globe yesterday — and a bleak outlook given by Bank of England Governor Mervyn King — markets overall have responded positively to [...]
Banks fuel FTSE gains as investors eye US jobs data December 2, 2011 Banks helped lift the FTSE 100 this morning as a concerted effort by central banks to trigger easier credit among lenders continued to bolster investor sentiment. Despite grim manufacturing data from across the globe yesterday — and a bleak outlook given by Bank of England Governor Mervyn King — markets overall have responded positively to [...]
Capital Shopping Centres secures new debt facility November 21, 2011 CAPITAL Shopping Centres (CSC), the UK’s biggest mall owner, has secured a £375m credit facility from a consortium of five banks to help provide “general liquidity” to the company. The owner of Manchester’s Trafford Centre and the MetroCentre in Gateshead said yesterday that the revolving facility would replace a previous, undrawn £248m facility that was [...]
Capital Shopping Centres secures new debt facility November 21, 2011 CAPITAL Shopping Centres (CSC), the UK’s biggest mall owner, has secured a £375m credit facility from a consortium of five banks to help provide “general liquidity” to the company. The owner of Manchester’s Trafford Centre and the MetroCentre in Gateshead said yesterday that the revolving facility would replace a previous, undrawn £248m facility that was [...]
What was in Osborne’s red box: our quick summary March 22, 2012 THE ECONOMY/PUBLIC FINANCES The Office for Budget Responsibility (OBR) forecasts that UK GDP will grow by around 0.8 per cent this year, the same rate as in 2011, up from its earlier forecast of 0.7 per cent. The beneficial effects of falling inflation are expected to be offset by uncertainty over the Eurozone and tighter [...]