RETURN TO SENDER: ROYAL MAIL SPINNER POSTS P45 TO ITV’S PR May 25, 2011 ALL GOOD things come to an end, and so it is that ITV is parting company with Tulchan, its financial public relations adviser of four years, The Capitalist can reveal. The commercial broadcaster, whose new press chief is former Independent and Sunday Telegraph journalist Mary Fagan, has told Tulchan it wants a regime change among [...]
Monaco remains the most expensive city for top homes April 6, 2011 MONACO has kept its title as the world’s most expensive place to buy a high-end house, according to research out yesterday, though cities in Asia are quickly climbing up the leader board. For $1m (£612,442), a property investor can expect to buy just 15 square metres of luxury real estate in Monaco, according to Knight [...]
Economic shocks sent FTSE back below the 6,000 mark June 1, 2011 BRITAIN’S top share index dropped back yesterday as below-par US economic pointers and weak UK manufacturing and housing data intensified investor concerns about the strength of the global economy. At the close, the FTSE 100 index was down 61.38 points, or one per cent, at 5,928.61, reversing sharply in the afternoon after briefly pushing back [...]
High street sales rise for the fourth month in a row October 28, 2010 RETAIL sales continued to rise in October despite the wide ranging cuts announced by the government last week, according to figures from the Confederation of British Industry. But the rate of growth slowed compared with September – which was at a six-year high – but long term outlook remains unclear. The CBI’s monthly distributive trades [...]
THE WEEK AHEAD April 3, 2011 COMPANY NEWS • On Monday, investors will be keen to hear EnQuest’s view on the recent tax rise for North Sea producers that was included in last week’s Budget. The steady rise in oil prices should ensure a solid set of results. Future strategy and any change in production targets may have a further impact. [...]
THE WEEK AHEAD April 3, 2011 COMPANY NEWS • On Monday, investors will be keen to hear EnQuest’s view on the recent tax rise for North Sea producers that was included in last week’s Budget. The steady rise in oil prices should ensure a solid set of results. Future strategy and any change in production targets may have a further impact. [...]
US house price slump continues February 24, 2011 American house prices continued to falter in December, dropping 0.3 per cent on the previous month, the Federal Housing Finance Agency said yesterday. In the final three months of the year, prices were 0.8 per cent down, compared to the three months to September. “Lingering unemployment and elevated inventories of for-sale homes contributed to the [...]
US house price slump continues February 24, 2011 American house prices continued to falter in December, dropping 0.3 per cent on the previous month, the Federal Housing Finance Agency said yesterday. In the final three months of the year, prices were 0.8 per cent down, compared to the three months to September. “Lingering unemployment and elevated inventories of for-sale homes contributed to the [...]
Sale of Taylor Wimpey USA makes £600m March 31, 2011 HOUSEBUILDER Taylor Wimpey has sold its North American business to a group of private equity firms for $955m (£595m), in a long-awaited deal that will help it cut debt and focus on its UK business. “The sale is a significant step towards our goal of becoming a UK-focused homebuilder,” chief executive Pete Redfern said yesterday. [...]
Results surprises push US shares up April 20, 2011 BIG earnings surprises gave a positive turn to investor sentiment yesterday, propelling US stocks to their best day in a month and lifting the Dow to its highest in almost three years. Investors had been set up for a series of disappointments but got an unexpected treat from blue chips Intel and United Technologies, sparking [...]