JL Infrastructure grows value March 15, 2012 Recent FTSE-250 entrant John Laing Infrastructure Fund said yesterday its portfolio had grown faster than expected during 2011 – its first full year as a publicly listed company. The portfolio valuation of the group grew by £115.7m last year after it spent £109.5m on 10 acquisitions. Profits before tax at the firm were £23.4m, and [...]
THE TIPSTER EasyJet will be hoping for lift off April 2, 2012 Budget airline EasyJet has had its ups and downs recently, having to contend with rising fuel prices and now the increase in APD. Yet the share price has outperformed most so far this year. With a trading statement this Thursday bulls might be in for lift off. Capital Spreads quotes 483.7p-485.4p. BHP Billiton’s stock price [...]
Clinton warns outlook worse than it feared March 29, 2012 CLINTON Cards warned yesterday that the outlook for the full financial year was worse than previously expected as the ailing greeting cards and gift retailer slumped to a first-half loss. The firm, which runs 628 Clinton Cards stores and 139 Birthdays outlets, said its strategic review – led by new chief executive Darcy Wilson-Rymer – [...]
Clinton warns outlook worse than it feared March 29, 2012 CLINTON Cards warned yesterday that the outlook for the full financial year was worse than previously expected as the ailing greeting cards and gift retailer slumped to a first-half loss. The firm, which runs 628 Clinton Cards stores and 139 Birthdays outlets, said its strategic review – led by new chief executive Darcy Wilson-Rymer – [...]
Rexnord moves closer towards New York listing March 19, 2012 REXNORD Corporation, which manufactures power transmission and water management products, announced terms for an IPO on the New York Stock Exchange yesterday. The Milwaukee-based company plans to raise $450m (£283m) by offering 23.7m shares at a price range of $18 to $20. At the midpoint of the proposed range, Rexnord would command a market value [...]
PERSONALITY OF THE YEAR July 29, 2012 TODAY we kick off the countdown to the City A.M. Awards with the first of the shortlists – for Personality of the Year. Our awards, now in their third year, have established themselves as a key part of the business calendar, celebrating all of the City’s main sectors and the people that make sure London [...]
Excelebration may well ruffle Frankel’s feathers May 17, 2012 THE freak that is Frankel returns at Newbury tomorrow where he bids to defend his unbeaten record and make it a perfect 10 in the JLT Lockinge Stakes at 3.40pm. However, it hasn’t all been plain sailing in the run-up to this race as Sir Henry Cecil’s superstar suffered an injury on the gallops last [...]
FTSE up as Spanish debt fears ease April 19, 2012 The FTSE 100 edged up this morning but trading was light as investors digested the results of a Spanish debt auction. Spain’s 10-year government bond yield surged above six per cent earlier this week, raising fears it may have to seek an international bailout. But this morning’s auction saw 10-year bonds sold at a yield [...]
Your guide to a four day fiesta of royally good fun May 31, 2012 London is culturally overwhelming any weekend of the year. For the Queen’s Diamond Jubilee, however, the city has truly pulled out the stops. It’s a four day bonanza that combines state pomp with cultural entertainment and lots of partying – in the way that only the British can pull off. Whether you fancy joining in [...]
Gunners to prosper with no distractions April 19, 2012 AS Madness’s One Step Beyond boomed out at Stamford Bridge after the 1-0 defeat of Barcelona on Wednesday night, the Chelsea players looked like they believed this could be the year they finally go all the way in the Champions League. Roberto di Matteo’s back-to-basics approach is paying handsome dividends and he’s taken expectations from [...]