WHAT THE OTHER PAPERS SAY THIS MORNING August 11, 2011 FINANCIAL TIMES LI & FUNG UPBEAT OVER THE GLOBAL ECONOMY Li & Fung, the Hong Kong-headquartered sourcing company for retailers such as Walmart and Debenhams, sounded an upbeat note on Thursday, asserting that business conditions were “not at all” like those in 2008”, despite the current uncertainty over prospects for the global economy. Bruce Rockowitz, [...]
Architectural landmark and family home June 9, 2011 WHOEVER ends up buying the White Cottage, on a quiet road at the south west corner of Wandsworth Common, will not only become owner of a supremely elegant family home, but custodian of a highly unusual piece of architectural history. The house, built in 1903 and on the market for £5m, is the work of [...]
Sweet day for Dunkin’s as shares wolfed July 27, 2011 HUNGRY investors snapped up shares in the owner of US snack chain Dunkin’ Donuts on its first day of trading yesterday, sending them up almost 50 per cent by the close. Dunkin’ Brands, which also owns ice cream seller Baskin-Robbins, raised its planned $422.8m (£258m) through a Nasdaq initial public offering after pricing its offering [...]
Center Parcs owner agrees financing deal June 26, 2011 US private equity house Blackstone has embarked on a £1bn refinancing programme of Center Parcs, the forest village holiday business it owns. The restructure of the company’s debt will end speculation that the firm had been considering putting the business up for sale. It will also provide Center Parks with enough capital to build a [...]
Brewer sales up on good weather June 14, 2011 BREWER Shepherd Neame said yesterday that its sales have been boosted by the recent good weather, as it issued an upbeat trading statement and said its pub estate had risen in value. For the 48 weeks to 28 May, Shepherd Neame’s own beer volume grew by 3.6 per cent, while like-for-like sales in managed houses [...]
Brewer sales up on good weather June 14, 2011 BREWER Shepherd Neame said yesterday that its sales have been boosted by the recent good weather, as it issued an upbeat trading statement and said its pub estate had risen in value. For the 48 weeks to 28 May, Shepherd Neame’s own beer volume grew by 3.6 per cent, while like-for-like sales in managed houses [...]
WALL STREET WEEK AHEAD July 24, 2011 NEW York City may be frying in near record temperatures but Wall Street has been feeling the heat for months. Wrangling over the US debt ceiling and questions marks over corporate earnings mean markets are unlikely to get a break any time soon. Wall Street is set to close its worst three months in a [...]
WALL STREET WEEK AHEAD July 24, 2011 NEW York City may be frying in near record temperatures but Wall Street has been feeling the heat for months. Wrangling over the US debt ceiling and questions marks over corporate earnings mean markets are unlikely to get a break any time soon. Wall Street is set to close its worst three months in a [...]
EURO – SWISS FRANC PARITY ISN’T ABSURD August 2, 2011 CURRENCY strategists love to make dramatic pronouncements that capture the imagination of the trading public and seal their reputation as brilliant forecasters. At the height of the Eurozone credit panic last year, more than a few analysts predicted that the euro-dollar pair would hit parity within months. Of course, as negative opinion reached its crescendo, [...]
THE WEEK AHEAD in association with GFT August 21, 2011 COMPANY NEWS ● Petrofac posts its interim results today. With oil prices dropping from their recent highs coupled with a market slump, oil companies have taken a bit of a knock of late, with their interim reports reflecting this downturn. Petrofac will be hoping that its results buck this trend. ● Another energy industry player, [...]