Redrow April 27, 2010 NO ONE can deny that Redrow’s management team has engineered an impressive recovery. With the once moribund housing market showing signs of life, the firm says that sales rates per outlet are comfortably ahead of the same period last year. Falling prices and soaring cancellation rates are also showing signs of stabilisation. Unlike some of [...]
Redrow on way to profit April 26, 2010 HOUSEBUILDER Redrow expects to return to profitability in the second half of 2010 as market conditions continue to improve. The FTSE 250 group says it has been “encouraged” by sales activity since the start of the calendar year. It is likely to legally complete more than 2,500 homes this year with sales rates per outlet [...]
PROPERTY BARONS PAY TRIBUTE TO THEIR SAGE April 13, 2010 IT WAS a hop, a skip and a jump over to the Dorchester yesterday lunchtime for the slap-up annual lunch hosted by Gerald Ronson, the seasoned chief of property group Heron International. Ronson’s list of invitees reads like a who’s who of the upper echelons of property and high finance, including ex-Lloyds chair Sir Victor [...]
A palace of calm after the storm April 12, 2010 Pétrus 1 Kinnerton St, SW1X 8EA 020 7592 1609 www.gordonramsay.com Cost per person without wine: £55 IT’S hard to believe that so tranquil a restaurant as this was born of an immense falling out. We all know the saga. For years Pétrus in Belgravia’s Berkeley Hotel was one of the shiniest jewels in Gordon Ramsay’s [...]
The good times are rolling again February 17, 2010 IT’S been a rough couple of years for restaurants, many of whom – beginning life bright-eyed and bushy-tailed – were stopped in their tracks by the credit crunch. High-gloss French restaurant Ambassade de L’ile and swanky Japanese restaurant Aaya were two casualties, along with Nobu’s sister restaurant Ubon in Canary Wharf. But it’s a far cheerier [...]
Shareholders in Cadbury to chew on offer January 19, 2010 CADBURY shares closed 3.6 per cent up at 836.5p yesterday after US food group Kraft announced its £11.7bn takeover bid had been recommended by the board. Under the offer, Cadbury investors will receive 500p and 0.1874 new Kraft Foods shares for every share, plus a special dividend of 10p. Shareholders have until 2 February to [...]
BARRATT BEATS THE BLUES November 4, 2009 HOUSEBUILDER Barratt yesterday said there had been a 92.3 per cent shareholder take-up of its £720m rights issue, strengthening signs of appetite returning to the housing sector. Barratt follows in the footsteps of rivals Redrow, Taylor Wimpey, Berkeley Group and Bellway which have all launched cash calls in the slump.
BARRATT BEATS THE BLUES November 4, 2009 HOUSEBUILDER Barratt yesterday said there had been a 92.3 per cent shareholder take-up of its £720m rights issue, strengthening signs of appetite returning to the housing sector. Barratt follows in the footsteps of rivals Redrow, Taylor Wimpey, Berkeley Group and Bellway which have all launched cash calls in the slump.
BUILDERS GO CAP IN HAND FOR 850M September 22, 2009 HOUSEBUILDERS Barratt and Redrow are today expected to tap shareholders for a total of £850m to shore up balance sheets that have been battered by the property slump. Barratt is set to unveil plans to raise £700m in a placing and open offer through its house broker UBS. And rival Redrow is expected to launch [...]
BARCAP TRIUMPH IN SQUARE MILE RELAY September 10, 2009 THE City’s many sporting fanatics were out in force last night at the Bloomberg Square Mile Relay, which saw around 100 teams of ten runners competing over a specially-designed mile-long course. Special mention must go to third-placed West LB, second-placed Legal & General, and Barclays Capital, who broke L&G’s two-year winning streak to take this [...]