WHAT THE OTHER PAPERS SAY THIS MORNING October 25, 2011 FINANCIAL TIMES SHAREHOLDERS IN EVOLUTION BACK BID BY INVESTEC Investec’s £202m takeover of Evolution Group will go ahead despite last-minute resistance from Evolution’s biggest shareholder after the broker’s other big investor backed the bid. Aberforth Partners, which owns 10.8 per cent of Evolution, said last week it had withdrawn its support for the all-share offer [...]
Bach, Goethe…and you: a weekend in Leipzig December 18, 2011 YES, Germany is well-known for its conference facilities and, yes, for weekenders, we British love the down and dirty vibe of the new Berlin and the madness of Munich’s Oktoberfest, but much of the country has lain forgotten by visitors in recent years, yet it’s only a 90-minute flight away. In the east, the fall [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 16, 2011 FINANCIAL TIMES BTG PACTUAL LOOKS AT IPO AS IT EYES EXPANSION BTG Pactual, Brazil’s largest independent investment bank, is looking to hold an initial public offering as early as next year as one option to fund an ambitious expansion in Latin America. The move comes as the bank is also strengthening its foothold in Asia [...]
House prices down on a year earlier after sharpest drop for 20 months July 28, 2011 HOUSE prices have dropped at their sharpest rate since October 2009, the Land Registry announced yesterday. Compared to a year earlier, June’s prices were down 2.5 per cent, it said. However, house prices across England and Wales were flat month-on-month in June. There is some disparity across the regions, the Land Registry said, with Wales [...]
House prices down on a year earlier after sharpest drop for 20 months July 28, 2011 HOUSE prices have dropped at their sharpest rate since October 2009, the Land Registry announced yesterday. Compared to a year earlier, June’s prices were down 2.5 per cent, it said. However, house prices across England and Wales were flat month-on-month in June. There is some disparity across the regions, the Land Registry said, with Wales [...]
British Land shifts focus to West End July 5, 2010 DEVELOPER British Land is “tweaking” its property portfolio by extending its West End presence because of financial uncertainty in the City, the company said yesterday. The switch will see the company concentrate on areas where rents are holding up. British Land is planning to spend £330m to redevelop a property on Baker Street that it [...]
CITY MOVES | WHO’S SWITCHING JOBS July 20, 2011 Hamptons International The property consultant has appointed Giles Maude (pictured) and Graham Jones to its development land team, reporting to head of land Simon Grier-Jones. Maude joins the firm’s Southern Home Counties division as an associate in the Esher office, and Jones will lead the Cotswold and West team as an associate director in Cheltenham. [...]
Timing is key on this deal January 11, 2011 THE timing of British Land’s latest scheme couldn’t be better, with rents in the West End on course to rise dramatically before construction ends in 2013. The location isn’t ideal, though – Marble Arch House is across the road from British Land’s head offices on Seymour Street. While the firm’s top brass will suffer drills [...]
City A.M.’s at-a-glance guide to the key points of Osborne’s mini-Budget November 29, 2011 UK ECONOMIC OUTLOOK • The Office for Budget Responsibility (OBR) has slashed the growth forecasts it made in March. • Its central forecast for 2011 has been revised down to 0.9 per cent from the 1.7 per cent March prediction. It expects 0.7 per cent year-on-year GDP growth in 2012, instead of 2.5 per cent. [...]
City A.M.’s at-a-glance guide to the key points of Osborne’s mini-Budget November 29, 2011 UK ECONOMIC OUTLOOK • The Office for Budget Responsibility (OBR) has slashed the growth forecasts it made in March. • Its central forecast for 2011 has been revised down to 0.9 per cent from the 1.7 per cent March prediction. It expects 0.7 per cent year-on-year GDP growth in 2012, instead of 2.5 per cent. [...]