FUND MANAGER OF THE YEAR | The Shortlist day nine June 29, 2011 Institutional investors play a critical role across the spectrum of corporate life and wealth generation in the UK. From generating households’ pension or life insurance income, to ensuring companies maintain the highest standards of corporate governance, their decisions are vital. In an increasingly globalised and competitive world, the City’s investment managers have proved themselves innovative, [...]
BEST OF THE BROKERS May 10, 2011 VODAFONE Credit Suisse rates the telecoms group “outperform” with a target price of 185p. The broker has cut its medium-term earnings per share forecast by three per cent in light of recent results in the sector, and expects European operations to miss consensus estimates – this is particularly disappointing given the expected boost from iPhone [...]
BEST OF THE BROKERS May 10, 2011 VODAFONE Credit Suisse rates the telecoms group “outperform” with a target price of 185p. The broker has cut its medium-term earnings per share forecast by three per cent in light of recent results in the sector, and expects European operations to miss consensus estimates – this is particularly disappointing given the expected boost from iPhone [...]
Banks hit by Greece loan delay June 20, 2011 Banking stocks took a pummeling in early trading today as Eurozone ministers stalled on loan payments to Greece creating more uncertainty surrounding the beleaguered country. Ministers said Greece would need to introduce harsh austerity measures before it received the 12bn euros (£10.6bn) in loans. The FTSE 100 was dented by the news and European markets [...]
Gloom hinders Barratt sales November 17, 2010 BUILDER Barratt Developments yesterday reported an autumn slowdown in reservations, as an uncertain economic environment and limited mortgage availability continued to weigh on consumer sentiment. Net reservations per active sales site stood at 0.45 compared with 0.55 a year ago as homebuyers took longer to commit to buying ahead of a government announcement on spending [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 20, 2011 FINANCIAL TIMES BLACKSTONE STRIKES €700M DEAL TO BUY GERMANY’S JACK WOLFSKIN Blackstone has agreed to take over outdoor clothing company Jack Wolfskin in a €700m ($995m) deal that underlined the rapid transformation of the sector from local businesses to international brands. The US buy-out group will announce on Thursday that it will acquire the German [...]
Correction April 3, 2011 In our edition dated Friday 1 April, an article on the potential sale of Odeon and UCI cinemas by Terra Firma said the private equity house was also mulling a sale of Cineworld. It does not own the Cineworld chain, which is owned by public company Cineworld Group.
FTSE briefly breaks 6,000 mark in final pre-holiday trading December 23, 2010 LONDON’S last full trading day before Christmas saw the lead share index briefly break the symbolic 6,000 mark before finally closing at 5,982. Energy shares led the rally with BP up 1.4 per cent, underpinned by gains in the price of crude, which held around $90 (£58.30) a barrel and neared a two-year high. Some [...]
House prices continue to fall as more properties go on sale September 13, 2010 HOUSE prices fell for a second consecutive month in August and their lowest level since May 2009, the latest figures from the Royal Institution of Chartered Surveyors (RICS) have revealed. It said a further increase in the supply of properties being placed on the market had edged prices lower but at the same time had [...]
New bidder enters race for AssetCo May 31, 2011 A THIRD bidder is circling troubled London fire engine supplier AssetCo in addition to the two already named, City A.M. has learned. Manchester-based turnaround and investment house Consilia Partners is currently meeting AssetCo’s shareholders as it prepares to make a bid. Consilia enters the bidding alongside Bahraini fund Arcapita and Italian investor Investindustrial, both of [...]