Breeden dumps shares in Connaught after warning August 11, 2010 HEDGE fund Breeden European Partners has sold almost half its stake in troubled social housing repairs group Connaught, after the value of its holding plunged by more than £13m in recent weeks. Breeden European had declared a stake of 13 per cent, or 18m shares, at the start of July, fuelling talk of a break-up [...]
No. 1 ladies’ investment club September 2, 2010 FORMING SCM Ladies Investment Club has realised a passion for Gina Miller. The marketing impresario is not afraid of a challenge and her next one is to try to inform wealthy and successful women how to invest for themselves. Miller is impeccably dressed and looks far younger than her 46 years. The mother of three, [...]
Unloved, unowned but undervalued: Emerging Europe shakes off its past October 19, 2010 SANDWICHED between the bright stars of emerging Asia and the fading light of the West lies Eastern Europe, an investment destination that is often forgotten and perennially unfashionable. This is partly because the region has struggled to shake off its Soviet legacy – at least in the minds of Western investors it is still tainted [...]
Barclays check out of InterContinental July 27, 2010 SIR?David and Sir Frederick Barclay, the billionaire investors, sold their entire 10.4 per cent stake in InterContinental Hotel Group for £335m yesterday, sending shares in the world’s biggest hotelier down sharply. InterContinental, the owner of the Holiday Inn and Crowne Plaza brands, said the twin brothers’ investment vehicle Ellermann Corp had sold all of its [...]
Forget yachts, try tweeds and guns August 12, 2010 AMONG the UK’s high-earners, some race cars, others sail yachts and others engage in the age-old tradition of country sports. And with the grouse shooting season kicking off yesterday, keen field sportsmen might be tempted to invest in a shoot of their own. Shooting estates don’t often come on the market and usually come with [...]
How to make a saloon car sexy September 21, 2010 Forget large SUVs. This is the Mitsubishi ASX crossover and it is the future of family SUVs – well, as far as Mitsubishi is concerned. Now that driving a proper 4×4 through the boroughs of Islington or Wandsworth is such a complete no-no, thank goodness that the car manufacturers have come up with an alternative [...]
PROPERTY NEWS July 15, 2010 BISHOPS AVE SITE SOLD FOR £30M One of London’s best development opportunities in Hampstead’s Bishops Avenue has sold for more than £30m. The 2.47 acre site has two planning consents in place – either for a house of 33,000 sq ft or for a block of 16 luxury apartments. This indicates the competition and rising [...]
CITY MOVES | WHO’S SWITCHING JOBS August 23, 2010 Future Group The media business has appointed former ITN chief executive Mark Wood as chief executive of its UK business. Wood, who stood down from ITN last year, has been a non-executive director at Future since April 2009. He will leave the board on taking up his new post at the end of the month. [...]
Lion asks Rothschild to advise on £250m sale of Wagamama August 1, 2010 PRIVATE equity firm Lion Capital is understood to be re-examining an exit of Japanese noodle chain Wagamama after cancelling a flotation of the business three years ago. Rothschild, the investment bank, is advising Lion on a sale process which could value Wagamama at between £200m and £250m. Rothschild was involved in the initial public offering [...]
Game up for Tomkins as buyers target UK August 31, 2010 ONE of the City’s largest investors warned foreign predators not to view UK companies as easy pickings yesterday after Tomkins became the latest name to fall to an overseas bid. Standard Life Investments (SLI) made an angry intervention after shareholders in Tomkins, the former “buns-to-guns” group, voted to accept a £2.9bn offer from a consortium [...]