BEST OF THE BROKERS September 22, 2011 BRITISH LAND Evolution Securities gave British Land a “neutral” rating after its investor day, in which it noted the lack of a clear roadmap. The broker acknowledges the quality of the firm’s portfolio and excellent balance sheet but said a lack of clarity prompted the rating. It gave a target price of 600p. CREDIT SUISSE [...]
FTSE lower as Eurozone business activity slows November 23, 2011 Investors remained hesitant today as grim new data on private sector activity around the world raised fresh fears of a recession in Europe at the end of this year. Asian markets closed lower after purchasing managers’ index data from China saw activity slump to the lowest level in more than two and a half years, [...]
Sole has the Power to win Temple Stakes again May 24, 2012 SOLE POWER did this column a massive favour 12 months ago when landing Haydock’s Group Two Temple Stakes and he looks to hold solid claims of notching back-to-back wins tomorrow afternoon (3.00pm) in the next instalment of the QIPCO British Champions Series. Eddie Lynam’s five-year-old never got the credit he deserved for winning the Nunthorpe [...]
Rolls-Royce and US army agree £371m contract April 23, 2012 ROLLS-Royce yesterday said it had won a $598m (£371m) contract to provide engines for the US military. The 268 engines will be used in V-22 Osprey aircraft. Rolls-Royce is the sole manufacturer of the engines for the V-22 and has a string of contracts with the US armed forces. Patricia O’Connell, Rolls-Royce’s president of customer [...]
PROPERTY FIRM | OF THE YEAR September 21, 2011 FRANCIS SALWAY LAND SECURITIES As Land Securities chairman Alison Carnwath left the room, the judges voted her company property firm of the year, swayed by its £1.23bn annual profits – a rise of 15 per cent at a time of nationwide uncertainty. SHORTLIST British Land Capital Shopping Centres Hines Heron International
PROPERTY FIRM | OF THE YEAR September 21, 2011 FRANCIS SALWAY LAND SECURITIES As Land Securities chairman Alison Carnwath left the room, the judges voted her company property firm of the year, swayed by its £1.23bn annual profits – a rise of 15 per cent at a time of nationwide uncertainty. SHORTLIST British Land Capital Shopping Centres Hines Heron International
On your bike: Raleigh pedals off to Holland April 26, 2012 THE CHIEF executive of Raleigh Cycle is set for a multimillion pound windfall after agreeing to sell the classic British bike business to a Dutch rival. Alan Finden-Crofts, a 42 per cent shareholder, will stay on at the 125-year-old company for six months after yesterday’s deal, which values Raleigh at about €76m (£62m) including debt. [...]
Jaguar seals China venture March 21, 2012 TATA-OWNED Jaguar Land Rover (JLR) has signed a joint venture that paves the way for the firm to manufacture and sell luxury vehicles in China, the world’s largest car market. JLR and Chinese manufacturer Chery Automobile are seeking regulatory approval for the venture, worth around 17.5bn yuan (£1.8bn), they said in a statement yesterday. The [...]
Imagination finally lands chip firm MIPS after bidding frenzy December 17, 2012 BRITISH chip designer Imagination Technologies has finally won the bidding for US-based company MIPS, in a deal that will speed up its entry into the fast-growing processor industry. The company agreed a $100m (£61.7m) price for MIPS yesterday, and bidding rival CEVA said it would not up its offer. The agreed price comes after a [...]
Events in Europe shouldn’t distract us from the global challenges we face May 20, 2012 AS City A.M. readers read this, Greece and the stability of the euro is probably at the forefront of their minds. I am concerned, too, but my perspective today is different. I am looking back across the globe from where I have just landed on day one of a City business mission to the Philippines, [...]