Raft of firms set to release figures as Bank debates if more QE needed November 4, 2012 THE biggest question for UK investors this week is whether the Bank of England’s Monetary Policy Committee (MPC) will opt for more quantitative easing. The decision, which will be announced on Thursday, comes after strong jobs and GDP data. “Strong third quarter GDP data suggested that underlying growth was slightly stronger than previously thought and [...]
British Land taps US investors in record $480m private placement September 8, 2011 BRITISH Land, the second-largest UK real estate investment trust (REIT), has closed a $480m (£300.6m) US private placement bond issue, taking the total funds it has raised since May to $860m, it said yesterday. It is the largest US private placement by a UK REIT, involving 12 investors and a range of maturities between seven [...]
What the other papers say this morning December 9, 2012 FINANCIAL TIMES Banks plan to move 3,000 from City Three global investment banks plan to move 3,000 City of London jobs to other UK cities and towns over the next few years, bringing respite to regional financial centres as they struggle against heavy job losses in banking and insurance. The moves by Bank of America, [...]
Rapid responses January 8, 2013 Planning inflation [Re: Daft planning rules are pushing up the price of food in shops, yesterday] While it is always good for an article about planning policy to focus on commercial property rather than housing, and while the academics cited may have delivered interesting papers, let’s not use this work to justify more fiddling with [...]
Brazilian banking mogul buys City office landmark for £500m May 3, 2012 THE OWNERS of One Plantation Place yesterday confirmed the sale of the giant City office block to one of Brazil’s richest men for close to £500m, bringing an end to a drawn-out battle to solve its debt problems. An investment vehicle controlled by Brazilian banking mogul Moise Safra has agreed to buy the 550,000 square [...]
Press regulation is not the solution to privacy breaches November 26, 2012 THE Leveson Inquiry will make its long-awaited recommendations on Thursday, and the main expectation is that Lord Leveson will propose putting Britain’s press under statutory regulation. But this is a one-way street towards a British media that is afraid to take on the most powerful voices in the land. That is not what civil society [...]
Agius bows out after losing support July 1, 2012 CITY GRANDEE Marcus Agius, 65, who is poised to resign as group chairman of Barclays, was seen as a welcome but unexpected addition to the banking giant’s board when he first joined from the smaller Lazard in 2006. At that time, Agius was at the height of a lengthy 34-year career at the blue-blooded advisory [...]
… but profit warnings are on the up too October 22, 2012 BRITISH firms issued 68 profit warnings between July and September, the worst third quarter since the peak of the financial crisis in 2008. One of the wettest summers on record contributed to the struggles of listed companies but most of the blame lies with the “underlying weakness of the UK and global economy”, a report [...]
… but profit warnings are on the up too October 22, 2012 BRITISH firms issued 68 profit warnings between July and September, the worst third quarter since the peak of the financial crisis in 2008. One of the wettest summers on record contributed to the struggles of listed companies but most of the blame lies with the “underlying weakness of the UK and global economy”, a report [...]
Bank rally helps steady FTSE May 21, 2012 The FTSE 100 was solid this morning despite the storm clouds – created by the Eurozone crisis – still hanging over markets. Over the weekend G8 leaders stressed their “imperative” was to promote growth and jobs and gave verbal backing for Greece to stay in the euro. But despite calls from the United States for [...]