WHAT THE OTHER PAPERS SAY THIS MORNING March 12, 2012 FINANCIAL TIMES EARNINGS FORECASTS TAKE A BULLISH TURN Analysts last week upgraded more companies’ earnings forecasts globally than they downgraded for the first time since May last year. After 41 weeks of consecutive downgrades, net earnings per share revisions for next year turned positive powered by a surge in upgrades of Japanese companies and industrial [...]
House prices dip December 6, 2011 House prices fell by 0.9 per cent in November, mortgage lender Halifax said on Tuesday, though it said it expected the housing market to hold steady in the coming months. House prices fell by one per cent in the three months to November compared with a year ago, weaker than the 0.7 per cent decline [...]
House prices dip December 6, 2011 House prices fell by 0.9 per cent in November, mortgage lender Halifax said on Tuesday, though it said it expected the housing market to hold steady in the coming months. House prices fell by one per cent in the three months to November compared with a year ago, weaker than the 0.7 per cent decline [...]
3i lining up bid for Edinburgh Airport December 18, 2011 PRIVATE equity house 3i has lined up a bid to buy Edinburgh airport from BAA. London-listed 3i, whose investments have been buffeted by global turmoil, has joined forces with pension fund manager the Universities Superannuation Scheme (USS) and fund manager M&G to make an offer. Any deal would be done through the separately listed 3i [...]
GUNS N’ ROSES TO LEAD SPANISH ROCK LAUNCH February 16, 2012 EIGHT MONTHS after Music Festivals floated on Aim, founder Vince Power has announced the company’s first expansion funded by the IPO – a hard rock festival in Spain, to be headlined by Guns N’ Roses and Marilyn Manson. Costa de Fuego, named after the firepower of its 40 heavy metal acts, will take place over [...]
CITY MOVES | WHO’S SWITCHING JOBS February 16, 2012 US Bank US Bank Global Corporate Trust Services has named Tom Cubitt, senior vice president, as leader of the bank’s European corporate trust business, based in London. Cubitt is responsible for US Bank’s securitisation and structured finance trust and agency business. The firm has also appointed Breige Tinnelly and Emma Hanley to run the London-based [...]
Bidders tune in for fire sale of HMV Live January 3, 2012 THE EVENTS group behind the Reading, Leeds and Latitude festivals is set to battle investment group Oakley Capital for the live music arm of ailing retailer HMV. City A.M. understands Festival Republic, run by Melvin Benn, is interested in a deal and could make a move in a matter of days. There is no guarantee, [...]
Bidders tune in for fire sale of HMV Live January 3, 2012 THE EVENTS group behind the Reading, Leeds and Latitude festivals is set to battle investment group Oakley Capital for the live music arm of ailing retailer HMV. City A.M. understands Festival Republic, run by Melvin Benn, is interested in a deal and could make a move in a matter of days. There is no guarantee, [...]
From Kensington to Farringdon: why London’s prices are buoyant January 19, 2012 WHY ARE PROPERTY VALUES IN CENTRAL LONDON RISING FASTER THAN REST OF THE UK? Prices in Prime Central London are indeed out-performing the rest of the country. Over the last 12 months, average house prices across the UK have remained broadly stable, meanwhile in Prime Central London (PCL), prices rose by 12.1 per cent in [...]
London needs somebody to gamble on an IPO March 5, 2012 WITH the Edwards vacuum technology company heading for a £1bn flotation in the US and Mayfair-based jewellery retailer Graff also preferring a Hong Kong listing to braving the UK new issue markets, only one thing is certain: the London IPO market is in a pretty bad way. Bankers that I’ve been speaking to say they [...]