WHAT THE OTHER PAPERS SAY THIS MORNING September 22, 2010 FINANCIAL TIMES SIEMENS PROMISES WORKERS JOBS FOR LIFE Siemens’ German workers have struck a deal that will see their jobs secured indefinitely, in an arresting move that highlights how the financial crisis has triggered a fresh consensus between labour and management in corporate Germany. The engineering group said it had sealed an agreement with its [...]
US property price survey suggests modest growth July 27, 2010 AMERICAN single-family home prices rose more than expected in May, reflecting robust spring sales spurred by homebuyer tax credits, a home price survey showed yesterday. The Standard & Poor’s/Case Shiller index showed prices in the biggest US cities had risen 4.6 per cent in May from the same month last year. Only Las Vegas registered [...]
US property price survey suggests modest growth July 27, 2010 AMERICAN single-family home prices rose more than expected in May, reflecting robust spring sales spurred by homebuyer tax credits, a home price survey showed yesterday. The Standard & Poor’s/Case Shiller index showed prices in the biggest US cities had risen 4.6 per cent in May from the same month last year. Only Las Vegas registered [...]
AA and Saga owner racks up £500m loss August 15, 2010 THE OWNER of the AA and Saga has revealed huge annual losses thanks to the cost of servicing its massive private equity debts. Accounts filed at Companies House show Acromas posted a pre-tax loss of £529m for the year to 31 January, with operating profits of £183.5m dwarfed by interest payments of £705m. The company’s [...]
Home prices up over year June 27, 2010 MONTHLY house price rises in England and Wales slowed marginally in June, but still took the annual rise in prices to the largest since January 2008, property data company Hometrack said today. The number of houses being put up for sale rose at a faster rate than the number of buyers, potentially limiting future price [...]
The expat life: a tale of two Swiss cities November 4, 2010 CLEAN, efficient, low taxes and great skiing – Switzerland is quite frankly fantastic. Far from being somewhere you are exiled, it’s the sort of place that you should be begging to be sent. And it could happen to you sooner than you think: punitive taxes in the UK have already forced Brevan Howard amongst other [...]
Carlyle buys up £671m of White Tower buildings July 8, 2010 AMERICAN private equity group Carlyle has snapped up six central London properties for a total of £671m, its first major purchase since 2008. The properties were part of a portfolio owned by entrepreneur Simon Halabi, which was used to secure the failed White Tower commercial mortgage-backed securities vehicle. Carlyle said yesterday the properties generate around [...]
Carlyle buys up £671m of White Tower buildings July 8, 2010 AMERICAN private equity group Carlyle has snapped up six central London properties for a total of £671m, its first major purchase since 2008. The properties were part of a portfolio owned by entrepreneur Simon Halabi, which was used to secure the failed White Tower commercial mortgage-backed securities vehicle. Carlyle said yesterday the properties generate around [...]
Lion asks Rothschild to advise on £250m sale of Wagamama August 1, 2010 PRIVATE equity firm Lion Capital is understood to be re-examining an exit of Japanese noodle chain Wagamama after cancelling a flotation of the business three years ago. Rothschild, the investment bank, is advising Lion on a sale process which could value Wagamama at between £200m and £250m. Rothschild was involved in the initial public offering [...]
Persimmon wary despite sales rise July 6, 2010 HOUSE builder Persimmon reported higher sales and improved debt for the first half of the year, but said consumer uncertainty following the election and the emergency Budget had dampened its outlook. The country’s largest house builder by market value said legal completions on properties in the first half increased by 16 per cent to 4,657 [...]