Every little helps as Tesco boosts FTSE December 5, 2012 Tesco proved that every little helps by assisting the FTSE to a healthy rise in early trading. The supermarket group admitted last night that it is considering giving up on its struggling US venture, exciting investors who have grown exasperated with the company’s inability to transfer its success to the other side of the Atlantic. [...]
BEST of the BROKERS April 29, 2012 BRITISH LAND JP Morgan Cazenove said it has “taken the plunge” and upgraded the property giant to “overweight” with a price target of 580p, due to its recent share price underperformance compared to peers. The broker thinks British Land could step up to “play Champions League” property development by demerging specialised divisions, such as the [...]
BEST of the BROKERS April 29, 2012 BRITISH LAND JP Morgan Cazenove said it has “taken the plunge” and upgraded the property giant to “overweight” with a price target of 580p, due to its recent share price underperformance compared to peers. The broker thinks British Land could step up to “play Champions League” property development by demerging specialised divisions, such as the [...]
Ireland shows why press controls are not the solution November 29, 2012 LORD Justice Leveson met his deadline yesterday, issuing the findings of his eight month inquiry into the “culture, practices, and ethics” of the press. It came as no surprise that he concluded the state has a role to play in overseeing newspapers. Leveson decided that a statutory body, much like Ofcom, should take responsibility for [...]
Property firm plans a £200m London venture May 30, 2012 LONDON & STAMFORD, the property firm run by real estate veterans Patrick Vaughan and Raymond Mould, is to set up a £200m venture with two sovereign fund partners to buy homes in central London. The company will own 40 per cent of the venture, while Middle Eastern partner Green Park Investments and a second unidentified [...]
Property firm plans a £200m London venture May 30, 2012 LONDON & STAMFORD, the property firm run by real estate veterans Patrick Vaughan and Raymond Mould, is to set up a £200m venture with two sovereign fund partners to buy homes in central London. The company will own 40 per cent of the venture, while Middle Eastern partner Green Park Investments and a second unidentified [...]
LONDON WEEK AHEAD May 20, 2012 GIVEN property developer British Land’s significant presence in the City, its full-year results will be closely watched this morning for signs of how the Eurozone crisis is hitting the company’s retail lettings. Budget airline Ryanair will also release its full-year results, as will outsourcing group Mitie. The spotlight will turn to the UK high street [...]
FTSE slips over bearish expectation for Chinese data and US corporates January 8, 2013 BRITAIN’S blue chip shares slipped yesterday, hampered by profit taking on mining stocks ahead of economic data from China, and as the US corporate earnings season came into focus. Miners shed 0.7 per cent as investors, gearing up for data out of top metals consumer China in the next two weeks, including fourth-quarter GDP, moved [...]
The City gains seven sculptures June 18, 2012 A NUMBER of City of London-based businesses, including Hiscox, Aviva, British Land, IVG UK and Aon, have clubbed together with the City of London Corporation to create Great St Helen’s: Sculpture Space in the heart of the City. Set among London’s iconic architectural landmarks, including the Gherkin and the Lloyd’s building, a free curated exhibition [...]
City 2050: Build tall and verdant June 24, 2012 WHAT will the City look like in 2050? Since the Gherkin was completed just under 10 years ago, prompting a new wave of signature architecture, the City’s future skyline has been a subject of much debate. As part of The Developing City exhibition, New London Architecture has commissioned three groups of architects, developers and property [...]