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 [...]
Blair’s firecracker memoir September 1, 2010 A JOURNEY BY TONY BLAIR Hutchinson, £25 Very unusually, no review copies were sent out, nor was a serialisation deal struck. So it was amid intense hype and speculation that Tony Blair’s madly anticipated autobiography, A Journey, hit bookshops yesterday. It didn’t disappoint. One of the most delicious assertions in this overall rather delicious tell-all [...]
GM plots listing July 23, 2010 GENERAL Motors plans to file its registration for an initial public offering during the week of 16 August, just after the expected date for its second quarter results, according to US sources. A GM filing with the US Securities and Exchange Commission would be the first step towards an IPO to reduce the US government’s [...]
GM plots IPO to reduce government stake July 23, 2010 GENERAL Motors plans to file its registration for an initial public offering during the week of 16 August, just after the expected date for its second quarter results, according to US sources. A GM filing with the US Securities and Exchange Commission would be the first step towards an IPO to reduce the US government’s [...]
Taylor Wimpey in volatility warning June 28, 2010 HOUSEBUILDER Taylor Wimpey has warned that conditions in the UK housing market remain volatile despite signs of greater stability in recent months. The FTSE 250 group said private sales rates for the year to date are “broadly in line” with those in the first half of 2009 at an average of 0.58 sales per site [...]
Taylor Wimpey in volatility warning June 28, 2010 HOUSEBUILDER Taylor Wimpey has warned that conditions in the UK housing market remain volatile despite signs of greater stability in recent months. The FTSE 250 group said private sales rates for the year to date are “broadly in line” with those in the first half of 2009 at an average of 0.58 sales per site [...]
RBS sells London’s Cumberland Hotel to US and UK joint venture July 1, 2010 ROYAL Bank of Scotland has sold Cumberland Hotel in central London for £215m to a joint venture of US private equity firm Starwood Capital and property investor London & Regional. “The Cumberland sale is the largest hotel investment deal in Europe for over a year,” said Derek Gammage, head of EMEA at CBRE Hotels, which [...]
RISING STAR OF THE YEAR | THE SHORTLIST DAY 2 August 31, 2010 IF it’s whizz-kids you are looking for, then the City is the place to find them. Our list of the brightest young things is varied, but every one of them has shown real talent and verve so far in their careers. Some are young, others are just new to the City, but all of them [...]
McAlpine wins Heron job July 7, 2010 DEVELOPERS Heron International yesterday appointed Sir Robert McAlpine as the main contractor on the Heron, its residential development in the City of London. McAlpine has beaten rival construction firms to the deal to build the 36-storey tower next to the Barbican. Work is set to begin next week and conclude in 2013. Heron’s commercial director [...]
Buy now to take advantage of the Olympic dream July 29, 2010 NEW data released by Lloyds TSB and the Land Registry this week revealed that since London won its bid to host the 2012 Olympic games, property prices in east London have climbed an average of 26 per cent. This compares to a 22 per cent rise across London with houses in the top-performing district, Homerton, [...]