Cheery US data helps fuel a rebound for British markets January 26, 2011 BRITAIN’S top share index bounced back yesterday on hopes for stronger global growth after an upbeat speech overnight by US President Barack Obama and positive US housing data. The FTSE 100 closed up 51.50 points, or 0.9 per cent, at 5,969.21, after falling 0.4 per cent on Tuesday following news Britain’s economy shrank 0.5 per [...]
Worries for Indian IT on Infosys profits January 13, 2011 INFOSYS Technologies sparked concerns about the outlook for India’s showpiece outsourcing sector after it missed estimates for profit and future sales growth and warned of sluggish global economic growth. best of the brokersShares in India’s number two software exporter, which boasts fatter profit margins than its rivals, fell 4.2 per cent and were set for [...]
Carlyle Group will take control of Fairfield Partnership December 12, 2010 CARLYLE Group plans to take a controlling stake in Fairfield Partnership, the regional housing developer that owns more than 1,000 sites in Cambridgeshire and Hertfordshire. The US private equity giant will pay an initial £17m, rising to £40m after an agreed investment of capital. It will buy the stake from Fairview New Homes, which jointly [...]
Retail sales rise in early week trade ahead of big freeze December 19, 2010 JOHN Lewis and Waitrose enjoyed near-record sales last week, despite the disruption of the snow. Waitrose admitted that sales were down on Saturday by 11 per cent, but a surge in spending earlier in the week more than made up for the effects of the weather. “From Monday onwards customers took the weather forecast seriously [...]
WHAT THE OTHER PAPERS SAY THIS MORNING March 10, 2011 FINANCIAL TIMES LSE TO RING CHANGES WITH OPENING BELL REVIVAL The London Stock Exchange , whose trading pits disappeared 25 years ago, is reviving the buzz of the opening bell by recreating the ritual in its lobby. Construction starts today on a facility at LSE headquarters, next to St Paul’s Cathedral, that will probably feature [...]
WHAT THE OTHER PAPERS SAY THIS MORNING March 10, 2011 FINANCIAL TIMES LSE TO RING CHANGES WITH OPENING BELL REVIVAL The London Stock Exchange , whose trading pits disappeared 25 years ago, is reviving the buzz of the opening bell by recreating the ritual in its lobby. Construction starts today on a facility at LSE headquarters, next to St Paul’s Cathedral, that will probably feature [...]
Lord Browne’s US fund is mulling a bid for auctioned BP assets December 22, 2010 FORMER BP chief Lord Browne is considering buying businesses from his former firm as BP divests assets to raise cash for its US lawsuit. Riverstone, the US private equity house at which Browne is now a partner, is reportedly considering bids for BP businesses being auctioned. Assets include its Canadian natural gas liquids processing facilities [...]
House prices fall in November December 9, 2010 UK house prices have continued to slip, falling by 0.1 per cent in November compared with the same month last year, according to figures from the Halifax. The lender said that the average property was now £164,708 – 0.7 per cent down on a year ago. Low demand and a higher number of properties for [...]
More credit for small UK businesses but housing market slump continues January 6, 2011 BANKS are increasing their lending to small businesses and expect to raise the availability of credit in the coming months, a Bank of England report revealed yesterday. Yet demand for mortgages is low and expected to keep falling, according to the credit conditions survey. And fears over falling house prices are preventing some lenders from [...]
More credit for small UK businesses but housing market slump continues January 6, 2011 BANKS are increasing their lending to small businesses and expect to raise the availability of credit in the coming months, a Bank of England report revealed yesterday. Yet demand for mortgages is low and expected to keep falling, according to the credit conditions survey. And fears over falling house prices are preventing some lenders from [...]