Boparan buys up Northern Foods shares January 25, 2011 BOPARAN Holdings built up its stake in takeover target Northern Foods to 11.4 per cent yesterday, after several large shareholders sold their stakes for Boparan’s 73p per share offer price. Boparan, which made its takeover bid on Friday night, said in a statement it had snapped up 22.4m shares to bring its total to 53.3m. [...]
Boparan buys up Northern Foods shares January 25, 2011 BOPARAN Holdings built up its stake in takeover target Northern Foods to 11.4 per cent yesterday, after several large shareholders sold their stakes for Boparan’s 73p per share offer price. Boparan, which made its takeover bid on Friday night, said in a statement it had snapped up 22.4m shares to bring its total to 53.3m. [...]
US Treasury starts to tackle debt limit January 27, 2011 The US Treasury has initiated the first in what is likely be a series of manoeuvres aimed at preventing it from hitting its legal debt limit, as a political battle over spending intensified. The action to reduce the amount of money the Treasury holds in a special account at the Federal Reserve marked a small [...]
US Treasury starts to tackle debt limit January 27, 2011 The US Treasury has initiated the first in what is likely be a series of manoeuvres aimed at preventing it from hitting its legal debt limit, as a political battle over spending intensified. The action to reduce the amount of money the Treasury holds in a special account at the Federal Reserve marked a small [...]
WHAT THE OTHER PAPERS SAY THIS MORNING March 8, 2011 FINANCIAL TIMES MOVE TO SYNTHETIC US JUNK BONDS Demand is growing for “synthetic” financial instruments that enable investors to take positions in the US junk bond market without owning the underlying securities. The instruments, created by using credit derivatives on junk bond or high-yield indices, resemble transactions linked to US mortgages that proliferated before the [...]
PROPERTY NEWS December 9, 2010 DEMAND FOR PROPERTY AT QUARTER’S HIGH Demand for property is on the rise for the first time in four months, according to the National Association of Estate Agents. House-hunters increased in November, attracted to falling prices, while supply remains static. Close to Christmas, there are usually fewer sales to avoid family disruption; people also tend [...]
What the other papers say this morning January 16, 2011 FINANCIAL TIMES RBS DIRECTOR TO STEP DOWN FROM BOARD One of the last Royal Bank of Scotland directors to remain on the bank’s board from the days of Sir Fred goodwin is poised to step down from his role. Colin Buchan, 56, a former UBS investment banker who until recently was chairman of RBS’s remuneration [...]
What the other papers say this morning January 16, 2011 FINANCIAL TIMES RBS DIRECTOR TO STEP DOWN FROM BOARD One of the last Royal Bank of Scotland directors to remain on the bank’s board from the days of Sir Fred goodwin is poised to step down from his role. Colin Buchan, 56, a former UBS investment banker who until recently was chairman of RBS’s remuneration [...]
US home sales rise but jobless claims also up December 2, 2010 PENDING house sales surprisingly shot up in the US for October, according to data released yesterday. The Pending Home Sales Index (PHSI) showed that contracts exchanged on properties increased by 10.4 per cent compared to September, defying a predicted fall. The result comes as a boost for the housing market, after the index fell by [...]
US home sales rise but jobless claims also up December 2, 2010 PENDING house sales surprisingly shot up in the US for October, according to data released yesterday. The Pending Home Sales Index (PHSI) showed that contracts exchanged on properties increased by 10.4 per cent compared to September, defying a predicted fall. The result comes as a boost for the housing market, after the index fell by [...]