WHAT THE OTHER PAPERS SAY THIS MORNING February 22, 2012 FINANCIAL TIMES RUSSIAN LINK IN FRAUD CLAIM A $150m fraud allegedly attempted by a former fund manager at Threadneedle Asset Management is linked to a trade in more than a billion Argentinian warrants by former staff at Otkritie, the Russian financial services group. Threadneedle confirmed on Tuesday that a former trader had been dismissed in [...]
Bellway sees resilient UK market ahead February 7, 2012 BELLWAY said the UK housing market remained “resilient” ahead of the key spring selling season, but warned that the growth rates were set to slow. The housebuilder sold 2,455 homes in the first half of the year – up five per cent on the same period in 2010 – while the average selling price climbed [...]
Bellway sees resilient UK market ahead February 7, 2012 BELLWAY said the UK housing market remained “resilient” ahead of the key spring selling season, but warned that the growth rates were set to slow. The housebuilder sold 2,455 homes in the first half of the year – up five per cent on the same period in 2010 – while the average selling price climbed [...]
Make-up buy looks nice for 3i February 27, 2012 BRITAIN’S oldest private equity house 3i has spent around €120m (£101.6m) on a German firm that supplies a series of cosmetic industry giants. 3i has taken a majority stake in Geka, which makes brushes, applicators and packaging systems and is based in Bechhofen. The size of its shareholding has not been disclosed but City A.M. [...]
FOCUS ON: TUNBRIDGE WELLS February 2, 2012 DOWN HOUSE Price: £1.1m A five bedroom Georgian house, situated in the edge of a village setting, with off-road parking, garden and extensive grounds. Contact Knight Frank on 020 7629 8171 or knightfrank.co.uk FERNCLYFFE Price: £3.6m Gigantic home featuring entrance hall, four reception rooms, conservatory, kitchen, games room, utility room, eight bedrooms, dressing room, and [...]
FTSE buoyed by retailers as investors eye Budget March 21, 2012 THE FTSE 100 headed up in early trading as retailers regained some momentum while investors were turning their attention to the Chancellor’s budget speech. George Osborne is expected to rejig taxes while seeking to keep his austerity plan on track. However figures showing that that public sector net borrowing hit a record for February cast [...]
PROPERTY NEWS February 23, 2012 LONDON OFFICE TAKE-UP POSITIVE Central London office take-up has seen a positive start to 2012 despite figures being below December levels. With some 840,000 sq ft transacted in January, take-up was 38 per cent higher than the same time last year, according to research by global property adviser CBRE. Docklands saw the largest increase, with [...]
Tablet sales cannibalising desktop PCs March 5, 2012 TOMORROW’S Apple announcement could bring more bad news for the desktop computer market, with the Cupertino-based company expected to reveal the third generation iPad and trigger a tablet shopping frenzy. When the iPad 2 was launched this time last year, online marketplace eBay sold 5,000 more tablets in March than in February as iPad-hungry shoppers [...]
Bovis forecasts growth in 2012 January 16, 2012 British housebuilder Bovis Homes said it expected to achieve a significant increase in profit in 2012, benefiting from forward bookings rising by more than a third, following strong earnings growth in 2011. The company said it expects to report overall completions up 8 percent to 2,045 homes in 2011, with private legal completions up 18 [...]
Bovis forecasts growth in 2012 January 16, 2012 British housebuilder Bovis Homes said it expected to achieve a significant increase in profit in 2012, benefiting from forward bookings rising by more than a third, following strong earnings growth in 2011. The company said it expects to report overall completions up 8 percent to 2,045 homes in 2011, with private legal completions up 18 [...]