Persimmon wary as UK housing market struggles November 15, 2010 HOUSEBUILDER Persimmon warned yesterday that the housing market remained flat throughout autumn, with a lack of available mortgages and mounting consumer worries stunting sales. Persimmon, which posted a 27 per cent jump in annual revenue in August, said it has reached sales targets for the year and has homes worth £460m reserved for 2011. However, [...]
Persimmon wary as UK housing market struggles November 15, 2010 HOUSEBUILDER Persimmon warned yesterday that the housing market remained flat throughout autumn, with a lack of available mortgages and mounting consumer worries stunting sales. Persimmon, which posted a 27 per cent jump in annual revenue in August, said it has reached sales targets for the year and has homes worth £460m reserved for 2011. However, [...]
PROPERTY NEWS December 9, 2010 DEMAND FOR PROPERTY AT QUARTER’S HIGH Demand for property is on the rise for the first time in four months, according to the National Association of Estate Agents. House-hunters increased in November, attracted to falling prices, while supply remains static. Close to Christmas, there are usually fewer sales to avoid family disruption; people also tend [...]
WHAT THE OTHER PAPERS SAY THIS MORNING December 12, 2010 FINANCIAL TIMES CREDIT SUISSE TO ISSUE COCOS EARLY Credit Suisse’s chief executive said he hoped to begin issuing billions of dollars in contingent-capital bonds in the next year to help shore up the bank’s financial strength well ahead of new Swiss regulations. Brady Dougan also defended Credit Suisse’s decision to award one-off payments to about [...]
WHAT THE OTHER PAPERS SAY THIS MORNING December 12, 2010 FINANCIAL TIMES CREDIT SUISSE TO ISSUE COCOS EARLY Credit Suisse’s chief executive said he hoped to begin issuing billions of dollars in contingent-capital bonds in the next year to help shore up the bank’s financial strength well ahead of new Swiss regulations. Brady Dougan also defended Credit Suisse’s decision to award one-off payments to about [...]
Pessimism reigns but FTSE is set to disagree January 3, 2011 So hello and welcome to 2011. On the first day of the year I spent a few hours watching the Back to the Future trilogy, and having seen the predictions for the months ahead I wondered if I shouldn’t jump in the DeLorean and fly straight to 2012, just in time for the Olympics. It’s [...]
Pessimism reigns but FTSE is set to disagree January 3, 2011 So hello and welcome to 2011. On the first day of the year I spent a few hours watching the Back to the Future trilogy, and having seen the predictions for the months ahead I wondered if I shouldn’t jump in the DeLorean and fly straight to 2012, just in time for the Olympics. It’s [...]
Selfridges profit boosted November 7, 2010 UPMARKET department store Selfridges broke through the £100m profit level last year as wealthy tourists kept the tills ringing. Figures due to be filed at Companies House this week will show a trading profit of £107m for last year, which was the store’s 100th year of trading. The figures are up 21 per cent from [...]
Selfridges profit boosted November 7, 2010 UPMARKET department store Selfridges broke through the £100m profit level last year as wealthy tourists kept the tills ringing. Figures due to be filed at Companies House this week will show a trading profit of £107m for last year, which was the store’s 100th year of trading. The figures are up 21 per cent from [...]
The broker who says small firms have to come up with big solutions January 3, 2011 The conventional wisdom is that it is next to impossible for small firms to raise cash, but Phil Adams, chief executive at independent investment broker Altium, says that the picture is more complicated than that. “It is pretty straightforward to raise cash if you are a well-run high-growth firm expanding by around 15 per cent [...]