The sun is shining on property in the Med March 11, 2010 THIS year’s freezing winter may well have proved a tipping point in your decision to invest in a sunny property abroad – and it couldn’t have arrived at a better time. Possibly by the time the time London’s largest overseas property fair, A Place in the Sun (held at Earl’s Court) rolls around 26-28 Mar, [...]
BEST OF THE BROKERS October 26, 2009 STANDARD CHARTEREDMorgan Stanley upgraded Standard Chartered to “equalweight”, with an increased price target of 1,500p, due to lower credit costs and better wholesale revenues. But the broker noted that, if growth slows, asset quality could again suffer and that the recent excellent growth in wholesale may be unsustainable. AEGISNoble downgraded Aegis from “positive” to “neutral” [...]
BEST OF THE BROKERS October 26, 2009 STANDARD CHARTEREDMorgan Stanley upgraded Standard Chartered to “equalweight”, with an increased price target of 1,500p, due to lower credit costs and better wholesale revenues. But the broker noted that, if growth slows, asset quality could again suffer and that the recent excellent growth in wholesale may be unsustainable. AEGISNoble downgraded Aegis from “positive” to “neutral” [...]
Antigua has a touch of Caribbean class January 31, 2010 GREY London Februaries can be hard to bear, which is why Antigua’s sun, sea, sandy beaches – and direct flights – make it a regular haunt for Brits in search of winter sun. This year there is a real buzz around the island, largely because of the re-launch of Rosewood’s Jumby Bay resort, which has [...]
Taking a punt on industrial strife can be a winner December 20, 2009 THE High Court may have helped restore Christmas cheer for passengers of British Airways by ruling that the proposed 12-day strike by the airline’s cabin crew was invalid, but investors should arm themselves with trading strategies for a 2010 that could be rife with industrial action. But the dispute is far from over. After the [...]
M&A outlook is positive for 2010 December 16, 2009 MERGERS and acquisition activity was down 33 per cent in 2009 compared to the year before, but things could be changing in 2010. A survey by the Association for Corporate Growth and Thomson Reuters has found that M&A professionals are optimistic about a pickup of M&A in the next six months. This is heartening news, [...]
BA SUES UNION OVER XMAS STRIKE CRISIS December 15, 2009 BELEAGUERED airline British Airways (BA) is taking legal action against the Unite union in a desperate bid to prevent cabin crew from striking over the peak Christmas period, it said yesterday. Thousands of cabin crew voted to walk out for 12 days from 22 December earlier this week, in the latest blow to an airline [...]
BA unions say strikes ‘inevitable’ October 15, 2009 British Airways cabin crew union Unite warned last night that strike action is “inevitable” unless a compromise can be reached at talks to be held on Monday.
WHAT THE OTHER PAPERS SAY THIS MORNING January 11, 2010 FINANCIAL TIMES LEHMAN WARNS ON US CLAIMS Big banks seeking to make windfall profits by making “outrageously unreasonable” claims against Lehman Brothers’ US business will be forced to prove their case in public courts, the executive leading the unwinding of the failed bank has warned. Bryan Marsal, the chief executive of Lehman Brothers Holdings, who [...]
BA holds frank talks with union October 19, 2009 Willie Walsh, the chief executive of British Airways, held “open and frank” discussions with union leaders yesterday, in the latest step to avoid a ballot on strike action. Unions and the embattled airline have been locked in talks over BA’s cost-cutting measures, which involves axing up to 3,700 jobs over the next year. BA wants [...]