Berkeley to hit its profit target early September 5, 2011 HOUSEBUILDER Berkeley Group performed better than expected in the four months since May and said yesterday it would hit its five-year profit target at least two years early after seeing a pickup in market conditions. The FTSE 250-listed group embarked on a plan in May 2010 to double pre-tax profit within five years as well [...]
FOREX ANALYST PICKS September 20, 2011 FOREX STRATEGIST JOHN KICKLIGHTER My pick: Short Aussie-Kiwi, short Aussie-yen, short loonie-yen Expertise: Fundamental analysis with risk management Average time frame of trades: 1 day to 1 week There is a lot of interest this week in the Fed rate decision and constant turmoil surrounding Greece’s slow motion implosion, so I’ll avoid this risk. Instead, [...]
FOREX ANALYST PICKS September 20, 2011 FOREX STRATEGIST JOHN KICKLIGHTER My pick: Short Aussie-Kiwi, short Aussie-yen, short loonie-yen Expertise: Fundamental analysis with risk management Average time frame of trades: 1 day to 1 week There is a lot of interest this week in the Fed rate decision and constant turmoil surrounding Greece’s slow motion implosion, so I’ll avoid this risk. Instead, [...]
UK still tough says Grainger August 11, 2011 GRAINGER expects the UK property market to continue being affected by the subdued economy, and says that it is making good progress integrating the first three housing portfolios under its Lloyds RAMP agreement. The housebuilder said it had made £79.5m of sales in the four months to the end of July, and had a further [...]
Ten of the top givers in the City December 21, 2011 AS we now know from the tremendous response to this newspaper’s first ever Christmas charity appeal, the City is full of givers. Despite the tougher times many of our readers have experienced, as a group this year they dug in to support a charity that helps people help themselves. This page is a tribute to [...]
Sir Tom invests in Sports Direct August 2, 2011 Sir Tom Hunter forged closer ties with sports retailer Sports Direct yesterday with the purchase of more than £1m of its shares. Sir Tom, founder of private equity house West Coast Capital, bought 392,156 Sports Direct shares at £2.55 each. The purchase came just a month after he sold two clothing chains, USC and Cruise [...]
Sir Tom invests in Sports Direct August 2, 2011 Sir Tom Hunter forged closer ties with sports retailer Sports Direct yesterday with the purchase of more than £1m of its shares. Sir Tom, founder of private equity house West Coast Capital, bought 392,156 Sports Direct shares at £2.55 each. The purchase came just a month after he sold two clothing chains, USC and Cruise [...]
Persimmon profits surge and costs fall August 23, 2011 PERSIMMON saw a pickup in summer sales and enjoyed a surge in first half pre-tax profits as the UK’s third largest housebuilder improved its operating margins and clamped down on development costs. The York-based company, whose brands include Charles Church and Westbury, made an underlying pretax profit of £59.7m in the six months to the [...]
Banks face $200bn US subprime suit September 4, 2011 LENDERS were dealt a heavy blow on Friday as a US federal agency filed 17 lawsuits against banks for allegedly mis-selling securities based on mortgages in the run-up to the financial crisis. Shares in Bank of America, the worst-hit, tumbled more than eight per cent on the news. The Federal Housing Finance Agency, which oversees [...]
Washington DC October 23, 2011 Food DC’s West End lies within an easy stroll of the White House, so there are plenty of opportunities for “power dining” among the area’s officials, lobbyists – and visitors alike. The Old Ebbitt Grill’s Oyster Bar is rightfully renowned, has an authentic Victorian interior, and being two blocks from the White House was a [...]