Surveyors see house prices up again in August September 9, 2013 MORE chartered surveyors are reporting a rise in house prices than at any point for nearly seven years, a widely-regarded survey reveals this morning, as the market heats up. According to August’s survey by the Royal Institution of Chartered Surveyors (RICS), a net balance of 40 per cent of respondents are seeing house prices rise [...]
Any Other Business – 13/08 August 12, 2013 ■ The City could soon be awash with mini-Mervyns. The name of the ex-Bank of England governor blasted into the baby names rankings for 2012, perhaps in a tribute to the central banker. Five Mervyns were born last year, up from none in 2011. Last year also saw 15 girls and seven boys named Diamond. [...]
Shares suffer as Burberry boss trades handbags for handsets October 15, 2013 BURBERRY lost £770m off its stock market value yesterday after the luxury group announced that chief executive Angela Ahrendts will be stepping down. Ahrendts, a 53-year-old American who has been at the helm of the luxury group since 2006, will leave in the middle of next year – swapping her London offices for Silicon Valley [...]
Wimbledon win hit Murray’s US Open – Rusedski September 8, 2013 FORMER British No1 Greg Rusedski believes Andy Murray hid the extent of a back problem during his ill-fated US Open defence, and that winning Wimbledon harmed his chances at Flushing Meadows. Murray looked out of sorts in Thursday’s straight-sets quarter-final defeat to ninth seed Stanislas Wawrinka, yet played down stiffness in his back. Rusedski believes [...]
Icap closes in on deal to end probe over Libor allegations September 5, 2013 BROKER DEALER ICAP is believed to be in advanced talks with US and British regulators over a deal to end an investigation into its alleged role in the manipulation of benchmark interest rates. According to people familiar with the negotiations, an agreement with the US Justice Department and Commodity Futures Trading Commission (CFTC) and the [...]
Public offered a ride on theme park flotation October 21, 2013 ALTON Towers owner Merlin Entertainments yesterday said members of the public will have the chance to become shareholders in the company when it floats in London next month, with a minimum investment of just £1,000. The business, which also owns Madame Tussauds and Legoland, plans to raise £200m in an initial public offering of shares. [...]
What the other papers say this morning – 04 November 2013 November 4, 2013 FINANCIAL TIMES Aircraft carrier cost to rise to £6.2bn Britain will this week reveal another substantial increase in the cost of building its two new aircraft carriers, declaring that total funding for the programme will rise by another £800m to £6.2bn.Philip Hammond, defence secretary, is expected to say that a new set of demands – [...]
All taxpayers should have a chance to benefit from the Lloyds privatisation September 17, 2013 THE SUCCESSFUL sale of 6 per cent of Lloyds to institutional shareholders was a crucial first step in returning the bank to full private ownership. That the government has been able to obtain a price above the initial purchase price – and well above the price in the national accounts – is particularly positive. Indeed, [...]
Serco shares hit by fraud claims as probe looms August 29, 2013 SERCO had its worst trading day in 11 years yesterday after allegations it fudged performance figures on a £285m contract to deliver prisoners to courts across London. The Hampshire based business, which was awarded the contract by the Ministry of Justice (MoJ) in 2011, has been placed on a three month probation to improve or [...]
Growing business confidence kickstarting IPO recovery – Capita August 20, 2013 The London initial public offering (IPO) market is recovering from the "hangover" of the financial crisis, but we're still a long way off the "glory days", Capita has said. By Capita's calculations, 53 companies undertook an IPO in 2012 – the second worst year on the domestic main market of the last fifteen years (after [...]