Osborne in denial over housing bubble September 22, 2013 London house prices are up 10pc in a year. So why does the chancellor say there’s no bubble? CHANCELLOR George Osborne has rejected suggestions that his policies are creating a housing bubble, even as new evidence emerges that prices are soaring in London. In an interview yesterday, Osborne said: “I don’t see the evidence of [...]
Inside Track: Global funds still have the appetite for UK’s new issues September 26, 2013 IT’S LIKE the floodgates have opened. Dead for so long, the London new issues market is now buzzing with intentions to float, rumours of upcoming floats and talk of dual track processes where advisers start a float only to sell to a trade buyer if a better offer comes up. Yesterday there was news of [...]
What the other papers say this morning – 19 August 2013 August 18, 2013 FINANCIAL TIMES House of Fraser eyes London listing House of Fraser, the British department store chain, has considered a return to the public markets to help simplify its ownership structure. The group is mulling a listing in London, although this is being considered alongside other options to allow shareholders to exit the group, said one [...]
Osborne in denial over housing bubble September 17, 2013 London house prices are up 10pc in a year. So why does the chancellor say there’s no bubble? CHANCELLOR George Osborne has rejected suggestions that his policies are creating a housing bubble, even as new evidence emerges that prices are soaring in London. In an interview yesterday, Osborne said: “I don’t see the evidence of [...]
London Report: Iraq fighting pushes up price of oil and lifts energy stocks June 12, 2014 ENERGY companies kept the FTSE out of the red yesterday, as oil prices were lifted by violence in Iraq. But the market was treading water as heavyweight mining stocks dropped sharply after worries about declining Chinese demand sent copper prices to a one-month low. The FTSE 100 ended up 4.24 points, or 0.1 per cent, [...]
Rothschild to advise on Poundland’s flotation November 4, 2013 BUDGET retailer Poundland has lined up Rothschild to advise on its upcoming public offering, which is expected to value the firm at more than £700m. The investment bank, which declined to comment on the issue, is expected to bring in other advisers to work on the flotation in the next few weeks. Poundland – which [...]
Brunei family’s secret £500m swoop on Queensway September 15, 2013 A PRIVATE Brunei family has spent £500m secretly buying most of Queensway, with the aim of regenerating the area into an urban village. The off-market deals are being arranged by Siahaf, a property development firm run by British businessman Johnny Sandelson and Bruneian entrepreneur Mohamad Shuif Hussain. A spokesperson for Sandelson would not confirm the [...]
Lean back and read the latest City tome on women at the top August 21, 2013 HOT ON the heels of Facebook chief operating officer Sheryl Sandberg’s highly publicised book Lean In, a London businesswoman is about to publish her own autobiographical and instructional tome – Heels of Steel. Founder of networking site We Are The City, Vanessa Vallely – a former employee of Barclays, Merrill Lynch and Royal Bank of [...]
Microsoft co-founder joins opera buffs at Holland Park August 5, 2013 AS THIS year’s season of the long-running Holland Park Opera comes to an end, any City opera-goers who were in attendance at the summer run might have spotted a familiar face in the audience. The Capitalist hears that eagle-eyed afficionados spotted none other than Microsoft co-founder Paul Allen in the audience. No confirmation from Allen himself, [...]
Missing O2 date will hit Murray hard, says Bates October 9, 2013 FORMER British No1 Jeremy Bates believes Andy Murray will be “gutted” not to play in front of home supporters for the first time since his Wimbledon triumph at next month’s ATP World Tour Finals at the O2 Arena, after being forced to withdraw with a back injury. Murray underwent surgery last month and yesterday confirmed [...]