Election and stock shortage to keep housing sales static December 13, 2009 HOUSE asking prices are likely to remain static in 2010 as post-election uncertainty and continued shortage of stock creates a challenging environment for the housing market, property website Rightmove will say today, as it reveals that asking prices fell for a second consecutive month in December. Rightmove expects December’s 2.2 per cent drop in prices [...]
Hands joins Chaucer bid fray February 8, 2011 GUY Hands’ Terra Firma buyout house confirmed it was in the bid race for Lloyd’s insurer Chaucer yesterday following feverish speculation over the potential bidders. Sources familiar with the situation told City A.M. that at least one further bidder is also in talks with the insurance company. A US trade buyer is reportedly in takeover [...]
Hands joins Chaucer bid fray February 8, 2011 GUY Hands’ Terra Firma buyout house confirmed it was in the bid race for Lloyd’s insurer Chaucer yesterday following feverish speculation over the potential bidders. Sources familiar with the situation told City A.M. that at least one further bidder is also in talks with the insurance company. A US trade buyer is reportedly in takeover [...]
Persimmon in bullish mood as sales surge January 10, 2011 HOUSEBUILDER Persimmon yesterday said underlying pre-tax profit for 2010 will be at the top end of market views, despite bad weather knocking sales before Christmas. The UK’s largest homebuilder by market value, which is led by chief executive Mike Farley, said it completed 9,384 homes in the year ended 31 December, against 8,976 last year. [...]
Persimmon in bullish mood as sales surge January 10, 2011 HOUSEBUILDER Persimmon yesterday said underlying pre-tax profit for 2010 will be at the top end of market views, despite bad weather knocking sales before Christmas. The UK’s largest homebuilder by market value, which is led by chief executive Mike Farley, said it completed 9,384 homes in the year ended 31 December, against 8,976 last year. [...]
Brian Brick breathes new life into outfitter February 7, 2011 BRIAN Brick is in the middle of a turnaround plan to restore Moss Bros to health after the ailing 88-year-old retailer lost its way. His reputation in the clothing industry is that of an effective, low-key retailer with an eye for detail. The scale of his task was shown by a pre-tax loss of £3m [...]
Rising deficit hits Osborne’s budget plans March 22, 2011 GOVERNMENT borrowing reached £11.8bn in February — a record high for this time of year – according to official figures released yesterday. Net borrowing, excluding interventions in the financial sector, was considerably higher than in February 2010, when the government recorded a £9.45bn monthly deficit. The figures cast doubt over the amount of leeway chancellor [...]
The boss of the world’s largest law firm has more targets in his sights February 27, 2011 Britain’s most ambitious legal empire-builder bounces into one of his firm’s 11th floor meeting rooms in its modern London headquarters near St Paul’s – Sir Nigel Knowles, who has built DLA Piper from humble beginnings into a global powerhouse, is in the middle of completing another merger. Luckily for us, he is keen to talk. [...]
The boss of the world’s largest law firm has more targets in his sights February 27, 2011 Britain’s most ambitious legal empire-builder bounces into one of his firm’s 11th floor meeting rooms in its modern London headquarters near St Paul’s – Sir Nigel Knowles, who has built DLA Piper from humble beginnings into a global powerhouse, is in the middle of completing another merger. Luckily for us, he is keen to talk. [...]
CITY MOVES | WHO’S SWITCHING JOBS January 16, 2011 AllianceBernstein The global investment manager has appointed Wolfgang Kostner (pictured) to its distribution team. Having worked in London for Goldman Sachs Asset Management for nearly ten years in international marketing strategy, Kostner will now be based in Munich in his new role as vice president of strategic marketing and research. He will be concentrating on [...]