Prada is set for choppy debut June 16, 2011 ITALIAN fashion house Prada is set for a bumpy entrance to the Hong Kong stock market this morning, after pricing at HK$39.50 per share last night according to a source familiar with the float. Prada had earlier set an indicative range of HK$36.5-$48 per share, seeking to raise up to $2.6bn, but trimmed its final [...]
US home sales rise but jobless claims also up December 2, 2010 PENDING house sales surprisingly shot up in the US for October, according to data released yesterday. The Pending Home Sales Index (PHSI) showed that contracts exchanged on properties increased by 10.4 per cent compared to September, defying a predicted fall. The result comes as a boost for the housing market, after the index fell by [...]
US home sales rise but jobless claims also up December 2, 2010 PENDING house sales surprisingly shot up in the US for October, according to data released yesterday. The Pending Home Sales Index (PHSI) showed that contracts exchanged on properties increased by 10.4 per cent compared to September, defying a predicted fall. The result comes as a boost for the housing market, after the index fell by [...]
Kurt Geiger is sold to US retail group for £215m June 2, 2011 US designer and marketer The Jones Group yesterday bought upscale shoe retailer Kurt Geiger for £215m, giving it a foothold in the European retail market. Kurt Geiger, which has been majority owned by private equity house Graphite Capital since a management buyout in 2008, had sales of £205m in the year to April 2011. It [...]
LEGAL FIRM BROADENS RECRUITING HORIZONS August 1, 2011 CITY INTERNSHIPS are notoriously hard to come by. But not for regular readers of The Capitalist such as Ratidzo Chinyuku, who wrote to Taylor Wessing partner Martin Winter asking for a work placement after reading about his charity work in her homeland of Zimbabwe in this column on 12 April. Following her successful appeal, the [...]
FTSE has a rollercoaster day as US data undoes debt rally August 1, 2011 BRITAIN’S top share index shed 0.7 per cent yesterday after a rollercoaster session, with early strong gains on relief over a debt deal in Washington wiped out later by weak ISM data which threw the spotlight back on a faltering US economy. At the close, the FTSE 100 index was down 40.76 points, or 0.7 [...]
FTSE has a rollercoaster day as US data undoes debt rally August 1, 2011 BRITAIN’S top share index shed 0.7 per cent yesterday after a rollercoaster session, with early strong gains on relief over a debt deal in Washington wiped out later by weak ISM data which threw the spotlight back on a faltering US economy. At the close, the FTSE 100 index was down 40.76 points, or 0.7 [...]
American home sales are set for bumpy recovery April 20, 2011 HOME sales in the US bounced back in March, reflecting “uneven recovery” in the housing sector, data showed yesterday. Sales of existing homes jumped 3.7 per cent compared to February, exceeding expectations, the National Association of Realtors (NAR) said. Compared to March 2010, sales were 6.3 per cent lower – yet this partially reflects elevated [...]
American home sales are set for bumpy recovery April 20, 2011 HOME sales in the US bounced back in March, reflecting “uneven recovery” in the housing sector, data showed yesterday. Sales of existing homes jumped 3.7 per cent compared to February, exceeding expectations, the National Association of Realtors (NAR) said. Compared to March 2010, sales were 6.3 per cent lower – yet this partially reflects elevated [...]
UK housebuilders lifted by a rise in profits as market improves May 11, 2011 BRITISH housebuilders Barratt and Bovis Homes both said they expected to report a rise in profit after a pick-up in sales, although activity will remain limited by tight mortgage availability. Barratt Developments, Britain’s largest housebuilder by volume, said yesterday sales rates returned to normal levels from 1 January to 8 May, with private selling prices [...]