WE HAVE NOT YET REACHED THE BOTTOM August 30, 2010 CFD MARKET STRATEGIST, GFT WE’RE getting closer to the end of the summer and there is a growing fear that the rest of the year will see serious ructions in the financial markets. US economic data remains unremittingly bleak, and it is a sign of how technically traded the US stock market has become. Any [...]
Mayer Brown transfers secretaries to TMF Group October 4, 2010 INTERNATIONAL law firm Mayer Brown has sold its UK corporate secretarial arm to outsourcing group, TMF. The move will see five secretaries, who work for the law firm’s corporate support unit in the City, transfer over to TMF at the end of the month. At Mayer Brown, the secretaries supported the firm’s corporate department by [...]
Now is the perfect time to capture a castle November 25, 2010 WE may not all be able to bag our very own Prince William, but that doesn’t mean living like a king or queen need be out of the question. Knight Frank has reported a spate of castles on the market in Scotland, with six currently for sale. (Scotland is castle central because of the warring [...]
Public spending cuts force ?Archial into administration September 22, 2010 BRITISH architectural firm Archial Group called in the administrators yesterday after the taxman rejected a payments deal and in the wake of a slowdown in business due to government spending cuts in the UK. The administrators from PricewaterhouseCoopers would now seek a rapid sale of Archial as a going concern, said the company in a [...]
Al Gore fund quadruples its profits to £32m September 22, 2010 AN investment fund set up by former US Vice President Al Gore and Mark Ferguson, the son of Manchester United manager Alex Ferguson, saw its pre-tax profits almost quadruple last year to £31.9m, according to accounts filed in Companies House. Generation Investment Management – which was launched in 2004 under the guidance of the former [...]
Gifts with a sense of history November 22, 2010 IT’S no coincidence that the recession has overlapped with a surge in the popularity of all things old fashioned. If our confidence in a bold, sparkling future has faltered, our interest in the aesthetics of the past – and the values of quality, provenance and craftsmanship that go with it – has rocketed upwards. 1940s-themed [...]
RBC makes £963m offer for Bluebay October 18, 2010 BLUEBAY Asset Management has accepted a takeover offer from Royal Bank of Canada (RBC), it said yesterday, in a deal which values the fixed income investment firm at £963m ($1.5bn). Bluebay shareholders, if they agree to the deal, will receive 485p per share representing a premium of 29.1 per cent on the fund manager’s closing [...]
Growth in China on the cards at Boots November 7, 2010 HIGH STREET health and beauty retailer Boots hopes to make headway in China when its executive chairman travels to the country as part of David Cameron’s first official visit as Prime Minister. Stefano Pessina has reportedly organised talks with potential partners in Beijing and Shanghai while he is in the country, as part of a [...]
US new home sales slump August 25, 2010 FEARS of a double-dip in the US housing market intensified yesterday after data showed that new home sales fell at the sharpest monthly pace in July since records began. Sales of new homes plummeted 12.4 per cent to an annual rate of 276,000 – the lowest since the data was first recorded in 1963 and [...]
US new home sales slump August 25, 2010 FEARS of a double-dip in the US housing market intensified yesterday after data showed that new home sales fell at the sharpest monthly pace in July since records began. Sales of new homes plummeted 12.4 per cent to an annual rate of 276,000 – the lowest since the data was first recorded in 1963 and [...]