Cheesegrater project gets the go-ahead December 22, 2010 BRITISH Land confirmed its deal with Oxford Properties to build the Cheesegrater skyscraper yesterday, bringing the £340m project closer to fruition after it was sidelined during the recession. British Land has kicked off the 50:50 joint venture by contributing the site on Leadenhall Street, worth £90m, and expects to spend a further £125m. The FTSE [...]
CAA probes Heathrow’s charge rise July 6, 2011 BRITAIN’S airport regulator has launched a full investigation into whether Heathrow’s passenger charges have unfairly impacted short-haul carriers, following a complaint by airline British Midland International. The Civil Aviation Authority said yesterday that it would open an extended inquiry into Heathrow’s decision last year to raise the rate for each domestic passenger flying out of [...]
CAA probes Heathrow’s charge rise July 6, 2011 BRITAIN’S airport regulator has launched a full investigation into whether Heathrow’s passenger charges have unfairly impacted short-haul carriers, following a complaint by airline British Midland International. The Civil Aviation Authority said yesterday that it would open an extended inquiry into Heathrow’s decision last year to raise the rate for each domestic passenger flying out of [...]
BEST OF THE BROKERS January 30, 2011 MELROSE UBS has begun covering the industrial acquisition vehicle with a “buy” rating and a target price of 415p. The broker believes that Melrose can sell its Dyncast business for £370m to £400m in the next few months, freeing up resources for a further acquisition. UBS also likes the firm’s high US exposure and forecasts [...]
BEST OF THE BROKERS January 30, 2011 MELROSE UBS has begun covering the industrial acquisition vehicle with a “buy” rating and a target price of 415p. The broker believes that Melrose can sell its Dyncast business for £370m to £400m in the next few months, freeing up resources for a further acquisition. UBS also likes the firm’s high US exposure and forecasts [...]
Banks pull FTSE 100 down while resources make gains February 28, 2011 THE FTSE 100 share index fell slightly yesterday as disappointing results from HSBC and Associated British Foods outweighed strength from miners on optimism about the global economy. The blue-chip index ended 7.19 points, or 0.1 per cent lower, at 5,994.01, after it closed 1.4 per cent higher on Friday at 6,001.20, bouncing back after five [...]
JJB Sports to fight for new rent proposal February 13, 2011 JJB SPORTS was heading for a battle with its landlords and other retailers after confirming its company voluntary agreement (CVA) is to include the renegotiation of two-fifths of its rent payments. The company has warned its biggest landlords, including British Land, Henderson and Prudential, that if its terms for discount rent and tenancy breaks for [...]
Murdoch survives damp afternoon in bear-pit July 19, 2011 It may have been two Australian-Americans being grilled in the media select committee bear-pit yesterday but it was book-ended by protests of a very British nature. Wielders of anti-Murdoch placards were ejected before proceedings had even begun and the real fireworks came when a spectator slapped a foam-pie in Uncle Rupert’s face, only to take [...]
Lawyers on boards would benefit City March 1, 2011 THE corporate headlines last week focused on women being overlooked for board positions in FTSE companies. They’re not alone: other than as general counsel there’s a similar paucity of lawyers. Presumably female solicitors don’t have any chance at all. This is pretty curious given the many skills that lawyers can add, most notably a willingness [...]
Lawyers on boards would benefit City March 1, 2011 THE corporate headlines last week focused on women being overlooked for board positions in FTSE companies. They’re not alone: other than as general counsel there’s a similar paucity of lawyers. Presumably female solicitors don’t have any chance at all. This is pretty curious given the many skills that lawyers can add, most notably a willingness [...]