Because you’re worth it: the best bachelor pads in town December 3, 2009 ATROPHY apartment is the ultimate reward for spending your 20s chained to a desk. And in case you hadn’t noticed, tastes for this type of flat, and the facilities found within it, are changing. Overt ostentation, 1980s-style, is out – so swimming pools with your monogrammed initials at the bottom are a no-no – to [...]
BBVA in 2bn bond issue to bolster its capital base September 27, 2009 SPANISH bank BBVA said yesterday it had raised €2bn (£1.8bn) in a sale of convertible bonds, outstripping the €1bn it had initially intended to issue. “BBVA’s clients have expressed a very favourable opinion of the transparency of the issue and of its attractive return, with a fixed 5 per cent coupon for five years,” a [...]
If you’re getting a bonus, then bricks and mortar are still best October 8, 2009 IT MIGHT not be the most popular thing to say right now, but people are going to get bonuses this year. In the years preceding 2008, the bonus season meant one thing in London – a boost to the buy-to-let property market as bankers sunk their money into bricks and mortar. The world has changed [...]
If you’re getting a bonus, then bricks and mortar are still best October 8, 2009 IT MIGHT not be the most popular thing to say right now, but people are going to get bonuses this year. In the years preceding 2008, the bonus season meant one thing in London – a boost to the buy-to-let property market as bankers sunk their money into bricks and mortar. The world has changed [...]
Reliance aims high with a $12bn offer November 22, 2009 AINDIAN-BASED Reliance Industries has made an initial offer for bankrupt chemical company LyondellBasell. Sources say the cash offer for a controlling interest in the company would be for around $12bn (£7.26 bn), making it one of the largest foreign acquisition by an Indian company to date. LyondellBasell spokesperson David Harpole said Reliance’s offer represented “an [...]
Rock gets go-ahead to split October 28, 2009 CHANCELLOR Alistair Darling ruled out the prospect of a quick sale of Northern Rock yesterday, despite winning backing from the European Union to split the troubled lender into a “good” and “bad” bank ahead of a sell-off. EU competition commissioner Neelie Kroes approved the government’s proposals to split the Newcastle-based bank, led by chairman Ron [...]
NEW YORK REPORT September 24, 2009 US STOCKS fell yesterday as signs of weakness in housing and investors’ worries that authorities might be curbing stimulus efforts too soon sparked caution. World central banks said they would scale back infusions of US dollars into their banking systems, fueling unease triggered a day earlier when stocks sold off following the US Federal Reserve’s [...]
Crystal Amber cuts JJB stake and takes profits October 19, 2009 CRYSTAL Amber Fund, one of JJB Sports’ largest shareholders, yesterday said it had cut its stake from 14 per cent to just under eight per cent, ahead of the retailer’s £100m fundraising. Crystal Amber made a 45.3 per cent profit on the sale of 13.6m shares that it bought when the stock was 22.4p a [...]
Crystal Amber cuts JJB stake and takes profits October 19, 2009 CRYSTAL Amber Fund, one of JJB Sports’ largest shareholders, yesterday said it had cut its stake from 14 per cent to just under eight per cent, ahead of the retailer’s £100m fundraising. Crystal Amber made a 45.3 per cent profit on the sale of 13.6m shares that it bought when the stock was 22.4p a [...]
Top lady shot takes the helm at a new City member’s club October 11, 2009 CLAIRE Zambuni could be dangerous. A leggy blonde with Baywatch-style features and a big smile, I’d not be surprised to hear that men routinely fall at her feet. But its her way with a gun that makes her particularly worth buttering up – she’s the UK’s best lady shot, in the top three best shots [...]