Marston’s brushes off investor rebellion as 176m rights issue gets green light July 6, 2009 PUB group Marston’s yesterday got the green light from shareholders for its proposed £176m rights issue, which was dubbed by some leading shareholders as “totally ridiculous.” Yesterday at an extraordinary meeting almost 10 per cent of shareholders voted against the plans, arguing that the level of share raising and expansion plans would provide no real [...]
Marston’s brushes off investor rebellion as 176m rights issue gets green light July 6, 2009 PUB group Marston’s yesterday got the green light from shareholders for its proposed £176m rights issue, which was dubbed by some leading shareholders as “totally ridiculous.” Yesterday at an extraordinary meeting almost 10 per cent of shareholders voted against the plans, arguing that the level of share raising and expansion plans would provide no real [...]
A second dose of the fabulous freakish truth October 28, 2009 SUPERFREAKONOMICSBY STEPHEN DUBNER AND STEVEN LEVITTPENGUIN, £20.00 WRITING a sequel to one of best-selling pop economics books of the last decade was always going to be hard. And it took Steven D Levitt and Stephen J Dubner more than four years to create Superfreakonomics, the “freakquel” to their original collaboration, Freakonomics. Like the original, Superfreakonomics [...]
Punch faces tussle with its investors July 1, 2009 HEAVILY indebted pub chain owner Punch Taverns is facing opposition from major shareholders to its plans to raise £375m in a share sale. Greenlight Capital, the US hedge fund, and QVT Financial are believed to be among those who will vote against the fund raising at the group’s AGM in protest at the potential dilution [...]
Punch faces tussle with its investors July 1, 2009 HEAVILY indebted pub chain owner Punch Taverns is facing opposition from major shareholders to its plans to raise £375m in a share sale. Greenlight Capital, the US hedge fund, and QVT Financial are believed to be among those who will vote against the fund raising at the group’s AGM in protest at the potential dilution [...]
WHAT THE OTHER PAPER SAY THIS MORNING October 11, 2009 THE SUNDAYSThe Sunday TelegraphBORIS JOHNSON WARNS EU TO KEEP OUT OF THE CITYBritain’s financial sector, which creates billions of pounds in revenue for the Treasury, is under threat from European legislation and an increasing tax burden on high-earning individuals, a report from the Mayor of London’s office says. The report, released this week, says that [...]
W11 scores a gastropub bullseye July 27, 2009 The Clarendon123a Clarendon Road, W11 4JGTel: 020 7229 1500www.theclarendonlondon.comCost per person without wine: £25 AS I CRAMMED homemade fish fingers into my mouth via a glob of chivey aioli, hungry after my trek into deepest Holland Park, I thanked the food gods for the continuing and improving presence of gastropubs in London. The Clarendon is [...]
Buy-to-let is back as rents stabilise and low prices attract landlords December 3, 2009 BUY-TO-LET is starting to look like an attractive proposition once again, as lower house prices and a stabilising rental market result in more enticing yields. Data from LSL Property Services – the company that owns Your Move and Reeds Rains estate agencies – shows that annual returns on landlords’ investments have turned positive for the [...]
Anheuser-Busch InBev fizzes on Stella boost from drinkers August 13, 2009 ANHEUSER-BUSCH InBev, the world’s largest brewer, yesterday beat analyst forecasts for its second-quarter profit, after sales of its key lager Stella Artois jumped. The brewer said the launch of the lower strength Stella Artois four per cent beer and a new sixties-style marketing campaign had won customers back with a near seven per cent rise [...]
Marston’s plans to build 60 new public houses June 21, 2009 PUBS group Marston’s yesterday said it would invest £140m to build 60 pubs starting this summer, which would create more than 2,500 jobs in England and Wales. The company, which last week said it planned to raise about £176m through a deeply discounted, fully underwritten 11-for-10 rights issue, said it would deliver the pubs over [...]