BEST OF THE BROKERS August 9, 2011 BRITISH LAND UBS has upgraded the real estate investment trust from “neutral” to “buy” with a 12-month target price of 610p. The broker thinks the group’s strategy has become more appealing in the current low growth, risk averse environment, coupled with a strong dividend yield. While the firm slightly missed estimates with its first quarter [...]
BAA China traffic hit by capacity constraints February 13, 2012 British airport operator BAA said capacity constraints at London’s Heathrow airport led to a fall in passenger traffic to China last month with competing European hubs picking up the slack. The owner of Heathrow – Europe’s busiest hub – on said passenger traffic at its airports edged up last month with Heathrow enjoying its busiest [...]
Spending spree plans at London & Stamford July 21, 2011 LONDON & Stamford Property (L&S) has stepped up plans to expand its residential portfolio, agreeing to buy more than 100 residential properties in north London for £49.1m. The real estate developer announced yesterday it had bought 107 private residential units and 31 car parking spaces in Islington from Seward Street Developments, bringing its total portfolio [...]
Virgin vows to fight on as BA wins BMI December 22, 2011 SIR RICHARD Branson was left fuming yesterday after British Airways parent IAG pipped Virgin Atlantic to a deal to buy BMI for £172.5m. Branson said IAG’s purchase of the loss-making airline “simply cuts consumer choice and screws the travelling public. “BA is already dominant at Heathrow and their removal of BMI just tightens their stranglehold [...]
British Land eyes disposal of City assets November 16, 2010 LONDON landlord British Land intends to sell assets in the City financial district as it takes a more trading-focused investment strategy, adding an uptick in its exposure to prime offices may not last long. The company said yesterday its £1bn share in developing 2.1m square feet of prime offices in central London would see its [...]
CELEBRITY TRADERS RAISE $12M ON BGC DAY September 13, 2011 RONNIE Wood is clearly in the wrong job – his masterful handling of a €2bn interest rates trade at BGC Partners, as reported in yesterday’s Capitalist, helped the brokerage beat last year’s total of $10m to raise a record $12m for global charities. Of course, credit should also be given to HRH Prince Harry, who [...]
CELEBRITY TRADERS RAISE $12M ON BGC DAY September 13, 2011 RONNIE Wood is clearly in the wrong job – his masterful handling of a €2bn interest rates trade at BGC Partners, as reported in yesterday’s Capitalist, helped the brokerage beat last year’s total of $10m to raise a record $12m for global charities. Of course, credit should also be given to HRH Prince Harry, who [...]
City cheers Hunt decision on Broadgate June 15, 2011 THE City of London’s top executive yesterday thanked City A.M. for its campaign to allow the redevelopment at Broadgate, after culture secretary Jeremy Hunt confirmed that he would not award the estate listed status. Stuart Fraser, chairman of policy at the City of London, said: “I would like to thank City A.M. for their support [...]
CITY MOVES | WHO’S SWITCHING JOBS February 1, 2012 Commonwealth Business Council Sir Alan Collins, the UK Olympics ambassador who helped win the Games for London in 2012, has been appointed as director general of the Commonwealth Business Council, the Commonwealth’s agency for promoting trade and investment. He will replace founding director general Dr Mohan Kaul in April. Sir Alan served as ambassador to [...]
THE WEEK AHEAD in association with GFT July 31, 2011 COMPANY NEWS ● It’s a busy week for results. Today, Hiscox, HSBC, Intertek and Ultra Electronics Holdings announce. ● Barclays, Capital Shopping Centres, Cookson, Drax, Fresnillo, GKN, Meggitt, Millennium & Copthorne Hotels, Rotork, Weir and Xstrata all announce tomorrow. ● Announcing on Wednesday are Capital & Counties Properties, Ferrexpo, Legal & General, Rexam, Rightmove, Standard [...]