FTSE held back by blue-chips and miners February 9, 2011 London trading was weighed down by falls in major stocks trading ex-dividend, outweighing strong performances by financial stocks. The FTSE 100 closed down 0.64 per cent or 30.04 points at 6,052.29, as BP, GlaxoSmithKline, International Power, Royal Dutch Shell, Sage Group and Unilever all lost their payout attractions. “After Tuesday’s leap to multi-year highs, a [...]
ANALYST VIEWS: HAS SPORTS DIRECT TURNED THE CORNER? December 16, 2010 KATHARINE WYNNE| INVESTEC We place our forecasts and our price target under review, but continue to view a valuation which is more expensive than both Next [hold] and Debenhams [buy] on a lease adjusted basis as unjustified given the continuing concerns over corporate governance and the unresolved future financing arrangements. JONATHAN PRITCHARD| ORIEL SECURITIES The [...]
ANALYST VIEWS: HAS SPORTS DIRECT TURNED THE CORNER? December 16, 2010 KATHARINE WYNNE| INVESTEC We place our forecasts and our price target under review, but continue to view a valuation which is more expensive than both Next [hold] and Debenhams [buy] on a lease adjusted basis as unjustified given the continuing concerns over corporate governance and the unresolved future financing arrangements. JONATHAN PRITCHARD| ORIEL SECURITIES The [...]
ANALYST VIEWS: WHAT NOW FOR DE LA RUE? December 6, 2010 PAUL JONES | PANMURE GORDON We believe this represents a fair level given our ongoing concerns regarding reputational damage. As we await further details, we switch our recommendation from ‘sell’ to ‘hold’. ADRIAN KEARSEY | EVOLUTION This will be the catalyst that switches investor attention away from the short term problems surrounding Paper-gate (and print [...]
Hammerson in exclusive talks to buy British malls worth £400m December 16, 2010 PROPERTY firm Hammerson has entered exclusive talks to buy six shopping centres worth around £400m from Kuwaiti property company St Martins, a source familiar with the deal said yesterday. Retail-focused Hammerson is the preferred bidder for malls including Centrale in Croydon and West 45 in Hammersmith, as well as several retail parks that includes Riverside [...]
Hammerson in exclusive talks to buy British malls worth £400m December 16, 2010 PROPERTY firm Hammerson has entered exclusive talks to buy six shopping centres worth around £400m from Kuwaiti property company St Martins, a source familiar with the deal said yesterday. Retail-focused Hammerson is the preferred bidder for malls including Centrale in Croydon and West 45 in Hammersmith, as well as several retail parks that includes Riverside [...]
CITY MOVES | WHO’S SWITCHING JOBS November 16, 2010 Barclays Corporate Barclays Corporate has appointed a new head of financial institutions. Matt Tuck will return to the bank where he started his career, having worked for the last eight years for Deutsche Bank. In his new role, he will be responsible for enacting a new stage in the expansion of the bank’s financial institutions [...]
Investec profits rise on asset management push May 20, 2010 SOUTH African bank Investec has seen profits rise 11.3 per cent over the past year despite the challenging environment, with a flood of impairments at its private banking arm offset by a drive to improve its less risky asset management business. Investec posted a pre-tax profit of £409.9m for the year to end of March, [...]
Investec profits rise on asset management push May 20, 2010 SOUTH African bank Investec has seen profits rise 11.3 per cent over the past year despite the challenging environment, with a flood of impairments at its private banking arm offset by a drive to improve its less risky asset management business. Investec posted a pre-tax profit of £409.9m for the year to end of March, [...]
CITY MOVES | WHO’S SWITCHING JOBS January 6, 2011 Syndicate Asset Management The fund management group has promoted Jeremy Rance to the role of chief operating officer for the group. He will now be in charge of organising operational performance across all of the group’s subsidiaries. He joined the company in June last year at its subsidiary Ashcourt Rowan, having previously worked at Barclays, [...]