WHAT THE OTHER PAPERS SAY THIS MORNING April 11, 2012 FINANCIAL TIMES Aviva considers plans for sale of US division Aviva is considering plans to sell its life assurance business in the US in a move analysts estimate could raise at least £1bn and mark an exit from one of the UK-listed group’s core markets. Andrew Moss, chief executive, told investment managers at a recent [...]
WHAT THE OTHER PAPERS SAY THIS MORNING April 11, 2012 FINANCIAL TIMES Aviva considers plans for sale of US division Aviva is considering plans to sell its life assurance business in the US in a move analysts estimate could raise at least £1bn and mark an exit from one of the UK-listed group’s core markets. Andrew Moss, chief executive, told investment managers at a recent [...]
Miners push up FTSE 100 May 22, 2012 Britain’s leading share index jumped yesterday, driven by gains in mining stocks as the demand picture for metals was brightened by hopes of fresh moves by China to boost its economy. At the close, the FTSE 100 index was up 98.80 points – or 1.9 per cent – at 5,403.28 points, adding strongly to Monday’s 0.7 per cent [...]
Mitie seeks out overseas deals as sales jump May 21, 2012 OUTSOURCER Mitie yesterday said it was eyeing international growth as it reported record revenues. The FTSE-250 company, which has dozens of UK government contracts, has a brimming order book with services including security and maintenance growing. Its pre-tax profits jumped 5.9 per cent to £94.5m for the year to the end of March. Mitie’s order [...]
Legal market overhaul starts as Tesco law comes into force October 6, 2011 SUPERMARKETS, banks and other high street stores are now able to offer legal services to their customers, after a new law to liberalise the UK’s legal sector came into force yesterday. The Legal Services Act, dubbed the Tesco law, introduces the idea of alternative business structures (ABS), which allow law firms to seek outside investment, [...]
Sainsbury’s closes gap in online sales March 12, 2012 SAINSBURY’S has claimed to have become the second-biggest online grocer after its orders topped 165,000 a week. The supermarket said a 20 per cent rise in orders per week, with an annualised turnover of £750m, makes its website the fastest growing online grocery business. Overall, Sainsbury’s still ranks third behind Tesco and Asda, but the [...]
Tesco to float Thailand real estate fund September 21, 2011 TESCO has unveiled plans to float a property fund of 15 malls in Thailand with a value of over £300m. The float, which is likely to be the biggest in Thailand this year, will see the Tesco Lotus Property Fund established as a standalone public listed company, with Tesco Lotus – the group’s supermarket business [...]
Bank rally helps steady FTSE May 21, 2012 The FTSE 100 was solid this morning despite the storm clouds – created by the Eurozone crisis – still hanging over markets. Over the weekend G8 leaders stressed their “imperative” was to promote growth and jobs and gave verbal backing for Greece to stay in the euro. But despite calls from the United States for [...]
Bank rally helps steady FTSE May 21, 2012 The FTSE 100 was solid this morning despite the storm clouds – created by the Eurozone crisis – still hanging over markets. Over the weekend G8 leaders stressed their “imperative” was to promote growth and jobs and gave verbal backing for Greece to stay in the euro. But despite calls from the United States for [...]
Buffett buys another 34m Tesco shares September 26, 2011 BILLIONAIRE US investor Warren Buffett has nudged up his stake in retailer Tesco in what is being seen as a vote of confidence in new chief executive Phil Clarke. Buffett’s Berkshire Hathaway last has bought around 34m Tesco shares for about £120m, lifting its stake in the British supermarket group to 3.64 per cent from [...]