TDC in $3.7bn share buyback December 9, 2010 THE private equity owners of Denmark’s TDC are banking up to $3.7bn (£2.3bn) through a share buyback and one of Europe’s biggest public offerings of 2010, as they start to cash in on their investment. Over a third of the former telecoms monopoly is being sold initially. TDC’s chief executive Henrik Poulsen said. Apax Partners, [...]
US jobs data leads FTSE to a strong close January 5, 2011 THE FTSE continued its strong start to 2011 as a late afternoon rally enabled it to stick at levels not seen since 2008. The FTSE 100 closed 29.99 points or 0.5 per cent higher to close at 6,043.86, still ahead of the important 6,000 mark and far above levels seen in the recession. Impressive US [...]
PwC sells remaining Rok units November 18, 2010 ADMINISTRATORS have been forced to break up the remainder of troubled housing group Rok after a sole buyer failed to materialise. Just 500 jobs out of a workforce of 3,800 look set to be saved after PriceWaterhouseCoopers (PwC) found buyers for only parts of the firm. PwC said that it had sold parcels of the [...]
PwC sells remaining Rok units November 18, 2010 ADMINISTRATORS have been forced to break up the remainder of troubled housing group Rok after a sole buyer failed to materialise. Just 500 jobs out of a workforce of 3,800 look set to be saved after PriceWaterhouseCoopers (PwC) found buyers for only parts of the firm. PwC said that it had sold parcels of the [...]
PROPERTY NEWS January 13, 2011 REMEMBER THE RIGHT TO MANAGE Leaseholders should “take control” of their properties and stop getting “ripped off” by managing agents, says block management specialists Urban Owners. Over 70 per cent of lease-holding flat owners are unaware of the Right to Manage – government legislation which gives them the right to take over the management of [...]
Sales of super-high heels lift sales at Kurt Geiger stores November 23, 2010 LUXURY shoe brand Kurt Geiger has reported a 25 per cent rise in turnover in the nine months to November this year, as ladies have flocked to buy its coveted 120mm-high heels. Sales of its highest heels quadrupled compared with a year earlier, it said in its third quarter trading update. Sales of red and [...]
FASHION NEWS December 2, 2010 TANYA SARNE HANDWRITTEN SAMPLE SALE Don’t miss the legendary Tanya Sarne’s sample sale this weekend, with her sumputous collection of natural fabrics and lovely knitwear from the Handwritten line going from £15. “I design to de-stress and give women confidence in their femininity and daily lives” says Sarne (pictured) – and who doesn’t want that? [...]
FASHION NEWS December 2, 2010 TANYA SARNE HANDWRITTEN SAMPLE SALE Don’t miss the legendary Tanya Sarne’s sample sale this weekend, with her sumputous collection of natural fabrics and lovely knitwear from the Handwritten line going from £15. “I design to de-stress and give women confidence in their femininity and daily lives” says Sarne (pictured) – and who doesn’t want that? [...]
Prada gets boost from Asian sales November 24, 2010 Italian fashion house Prada, which may list on the stock market next year, said yesterday it was confident about its immediate future after booming Asian sales helped nine-month net profit treble. The family-run company, whose trend-setter designer Miuccia Prada is known for her minimalist style, said net profit trebled to €156m (£131.9m) in the nine [...]
Energy shares help drive Wall St higher January 11, 2011 ENERGY shares helped the Dow and S&P 500 end a three-day losing streak yesterday, even as investors worried rising fuel costs will undercut economic growth. Earnings reports from smaller companies, including homebuilder Lennar and store chain Sears Holdings, also supported stocks, but volume was low for a second day, raising questions about the sustainability of [...]