Any Other Business – 07/06 June 4, 2014 The Westminster road block ahead of today’s Queen's speech didn’t stop the crowds from attending the Taylor Wimpey Parliamentary Tug of War last night, in aid of Macmillan Cancer Support. City teams included Axa, Norton Rose, Jamieson Corporate Finance and AllianceBernstein with the latter taking on Norton Rose in the aptly named City Slickers match [...]
London Report: FTSE ends on a high on strong economic data July 2, 2014 Britain’s top share index hit a one-week high yesterday, with upbeat economic data from the US and China improving investor sentiment and boosting cyclical sectors such as banks and miners and carmakers. The FTSE 100 index closed 0.2 per cent firmer at 6,816.37 points, after climbing to a high of 6,829.49, the highest level since [...]
Heathrow’s new boss tried to launch a beer energy drink, and other important facts May 8, 2014 Heathrow Airport confirmed this morning that John Holland-Kaye, its development director, will take over from Colin Matthews as chief executive in July. Europe’s busiest airport said Holland-Kaye, who has worked for Heathrow since 2009, has played a big role in revamping Terminal 2 as well as planning for a possible third runway. Here [...]
Why HSBC’s feeling excited about UK house building March 26, 2014 HSBC has issued a bullish note today on housebuilders explaining why – despite the sector having already trebled in value since 2011 and despite fears overs the impact of future interest rate hikes and the 2015 general election – it still remains upbeat on the sector. The bank has an overweight rating on eight of [...]
Student housing landlord looks to raise £110m from London float May 13, 2014 EMPIRIC Student Property is to become the latest student housing fund to list on the stock market as it seeks to take advantage of a demand for rooms from wealthy overseas students across the UK. The fund plans to list next month as a real estate investment trust (Reit) and is looking to raise £110m [...]
Taylor Wimpey announces refinancing of credit facility ahead of schedule August 12, 2013 UK housebuilding company Taylor Wimpey has announced it has completed the refinancing of its revolving credit facitility, due to mature in November next year, with a new revolving credit facility for £550m, which will mature in August 2018. Revolving credit facilities are a type of credit issued without a predetermined number of payments, usually used [...]
Taylor Wimpey order book hits record levels July 31, 2013 TAYLOR WIMPEY said “a much improved and healthier housing market” had helped it to deliver a 42 per cent jump in half year profits. The housebuilder yesterday revealed pre-tax profits of £109m on sales up 11 per cent to £1.01bn in the six months to 30 June. “There has been meaningful improvement in the housing [...]
Taylor Wimpey works on capital structure with £550m debt facility August 12, 2013 HOUSEBUILDER Taylor Wimpey yesterday announced it has refinanced its revolving credit facility due next year with a new £550m debt package. Group finance director Ryan Mangold said the debt facility, which matures in August 2018, will provide “ample headroom to deliver strategic objectives while reducing our finance costs.” He added: “This provides us with a [...]
London Report: Building boost helps FTSE snap its losing streak March 17, 2014 BRITAIN’S top share index snapped its longest losing streak in two and a half years yesterday as the building sector surged on a government plan to pump more cash into a scheme to boost construction. Persimmon was among top FTSE gainers, rising 3.7 per cent after chancellor George Osborne said on Sunday he would extend [...]
What you need to know before the open April 17, 2014 European markets are expected to open flat this morning as poorer than expected results from both Google and IBM offset the well-received dovish comments of Federal Reserve chair Jane Yellen. Google shares dipped as much as five per cent in after hours trading last night, after it reported revenues for the first quarter of the [...]