One-off gains push Nomura back to profit February 1, 2012 NOMURA revealed a surprise boost back into profit in its quarterly results yesterday, although analysts said that much of the improvement was down to one-off gains. The bank swung back into the black to book earnings of ¥36.9bn (£306m) for the quarter, versus a ¥42.3bn loss the previous quarter. That was on the back of [...]
One-off gains push Nomura back to profit February 1, 2012 NOMURA revealed a surprise boost back into profit in its quarterly results yesterday, although analysts said that much of the improvement was down to one-off gains. The bank swung back into the black to book earnings of ¥36.9bn (£306m) for the quarter, versus a ¥42.3bn loss the previous quarter. That was on the back of [...]
Investors give M&B a bloody nose on execs January 26, 2012 MANY shareholders in Mitchells & Butlers yesterday rebelled against the dominance of the company’s largest investor Piedmont by voting against the re-election of its representatives Ron Robson and Douglas McMahon to the board. Although all five directors were voted back onto the board at the company’s AGM, about one in five investors either voted against [...]
DARK HORSE HSBC TAKES RETAIL SITE IN LATE BID January 26, 2012 HSBC is committed to the City of London – for its latest retail opening, at least. The Capitalist hears the bank has gazumped a well-known restaurateur to emerge as the new tenant at 1 Bishopsgate, after offering a far higher, undisclosed, sum to turn the disused property into a “premier suite” retail bank in time [...]
DARK HORSE HSBC TAKES RETAIL SITE IN LATE BID January 26, 2012 HSBC is committed to the City of London – for its latest retail opening, at least. The Capitalist hears the bank has gazumped a well-known restaurateur to emerge as the new tenant at 1 Bishopsgate, after offering a far higher, undisclosed, sum to turn the disused property into a “premier suite” retail bank in time [...]
M&A to dine out next year December 11, 2011 BRITAIN’S restaurants and bars sector is expected to enjoy a resurgence in mergers and acquisitions next year, thanks to a pick-up in private equity demand, a report by the accountancy firm BDO has revealed. While sales across the industry are predicted to remain subdued, top high street chains such as Yo! Sushi, Pizza Express and [...]
Joe Lewis raises his stake in M&B December 19, 2011 Billionaire currency trader Joe Lewis’s Piedmont investment vehicle has upped its stake in pub and restaurant group Mitchells & Butlers, a former acquisition target, to over 25 per cent. Piedmont, which in October abandoned plans to make an offer for the group, is now M&B’s largest shareholder with a 25.65 per cent stake. “He’s blocking [...]
Return of the Mayfair home March 1, 2012 It would be disingenuous to call Mayfair “up and coming” – after all, its prestige and attractions have drawn the world’s elite for centuries. But change is afoot: no longer just a haven for hedge funds, designer shops and the odd rich Russian resident, Mayfair’s stock of residential property is rocketing as offices are converted [...]
Britain edges closer to recession as GDP falls January 25, 2012 Britain’s economy edged closer to recession in the last three months of 2011, after output contracted for the first time in a year, official data showed. The figures are likely to reinforce expectations the Bank of England will inject more stimulus into the economy next month after BoE Governor Mervyn King warned of an arduous [...]
Britain edges closer to recession as GDP falls January 25, 2012 Britain’s economy edged closer to recession in the last three months of 2011, after output contracted for the first time in a year, official data showed. The figures are likely to reinforce expectations the Bank of England will inject more stimulus into the economy next month after BoE Governor Mervyn King warned of an arduous [...]