WHAT THE OTHER PAPERS SAY THIS MORNING December 19, 2011 FINACIAL TIMES NETWORK RAIL WARNED OVER BONUSES Senior management at Network Rail should forget about bonuses next year, Justine Greening, the transport secretary, said on yesterday. She was speaking after the Office of Rail Regulation (ORR) found that the owner of Britain’s railway infrastructure had failed to meet its punctuality targets and was in breach [...]
L&G to battle buyout group for Cofunds November 13, 2011 LEGAL & General and private equity house Bridgepoint are set to battle it out for control of investor supermarket Cofunds. The insurer, which is the largest shareholder with a 25 per cent stake, has expressed its interest to Cofunds and Mark Gregory, the executive director of savings at L&G, recently approached Cofunds chairman Charlie Eppinger [...]
L&G to battle buyout group for Cofunds November 13, 2011 LEGAL & General and private equity house Bridgepoint are set to battle it out for control of investor supermarket Cofunds. The insurer, which is the largest shareholder with a 25 per cent stake, has expressed its interest to Cofunds and Mark Gregory, the executive director of savings at L&G, recently approached Cofunds chairman Charlie Eppinger [...]
Living – if you dare – in a Halloween home October 27, 2011 WITH Halloween weekend here, some people cannot resist the excuse to look at a haunted house. Strangely enough, there are buyers for whom a distinguished relationship with the dead makes a property all the more attractive. “Haunted houses are a funny one,” says veteran estate agent Kevin Allen of John D Wood & Co. “It [...]
Vivendi sees boost from new releases November 16, 2011 BLOCKBUSTER video game sales gave a power up to French conglomerate Vivendi, with a blistering Christmas period already guaranteed thanks to its record breaking Modern Warfare franchise. Its Activision games unit saw a year-on-year jump in profits for the first nine months of 38.6 per cent, with revenues up 4.8 per cent. The firm said its [...]
Barclay brothers reveal flow of bids for Ritz hotel October 5, 2011 SIR DAVID and Sir Frederick Barclay have recieved several unsolicited bids for their Ritz Hotel in Piccadilly and have valued the legendary site to be worth more than £625m. The Barclay brothers, who also own the Telegraph newspapers, revealed the approaches in the hotel’s annual results published on companies house, which also states that the [...]
House prices decline again in September October 6, 2011 VOLATILITY continued in the housing market, with September’s price falls reversing gains seen in June and July, the Halifax index revealed yesterday. Prices are down 0.5 per cent compared with August and 2.3 per cent over the last 12 months, the seasonally adjusted figures show. The rate of decline has slowed from its peak of [...]
Deadline passes for Axa PE bids October 3, 2011 The deadline for first-round bids Axa’s private equity arm closed yesterday with a series of private equity houses interested in a deal. US giant KKR and 3i, the UK-listed buyout vehicle, were believed to be mulling a bid but did not comment last night. City A.M. understands BlackRock has not pursued its early interest. Axa [...]
A move back to houses aids Bellway sales February 7, 2011 RENEWED demand for traditional two-storey homes helped housebuilder Bellway post a 7.6 per cent rise in its average sale price yesterday. Bellway said in an update that it sold 2,332 properties in the six months to the end of January, a rise of 3.8 per cent on last year. The FTSE 250-listed firm has shifted [...]
A move back to houses aids Bellway sales February 7, 2011 RENEWED demand for traditional two-storey homes helped housebuilder Bellway post a 7.6 per cent rise in its average sale price yesterday. Bellway said in an update that it sold 2,332 properties in the six months to the end of January, a rise of 3.8 per cent on last year. The FTSE 250-listed firm has shifted [...]