Debt firms snap up UK student loans for £160m November 29, 2013 DEBT MANAGEMENT group Erudio was yesterday revealed as the buyer of £890m worth of student loans that have been sold off by the government. Erudio Student Loans, a consortium made up of Arrow Global and CarVal Investors, paid £160m for the portfolio. The deal will see it take control of the government’s remaining 17 per cent [...]
The veteran who is back doing deals | City A.M. October 7, 2013 Mike Slade speaks to Kasmira Jefford as he nears 30 years at the helm of property company Helical Bar MY INTERVIEWEE is twenty minutes late when he arrives for our meeting at Helical Bar’s headquarters, tucked away in a quiet street off Mayfair’s Berkeley square. Mike Slade, a tall 67-year-old sweeps in, all apologies (“Darling, [...]
London’s skyline set for a new building resembling a toast rack September 17, 2013 LONDON’S iconic skyline is set for another overhaul after plans were unveiled yesterday for a new 34-storey office building to house up to 7,000 city workers. Henderson Global Investors, which manages more than $100bn in assets, wants to build the complex in the city’s insurance district at 40 Leadenhall Street. The 910,000 square feet building, [...]
The veteran who is back doing deals October 6, 2013 Mike Slade speaks to Kasmira Jefford as he nears 30 years at the helm of property company Helical Bar MY INTERVIEWEE is twenty minutes late when he arrives for our meeting at Helical Bar’s headquarters, tucked away in a quiet street off Mayfair’s Berkeley square. Mike Slade, a tall 67-year-old sweeps in, all apologies (“Darling, [...]
Royal Mail share sale oversubscribed as 700,000 apply October 9, 2013 MORE than 700,000 individual investors have applied for shares in Royal Mail, Vince Cable announced yesterday, making the sale one of the most popular privatisations in British history. The Lib Dem business secretary also confirmed that the retail offer is seven-times oversubscribed, making it highly unlikely that would-be investors will receive their full allocation of shares. [...]
Merlin set to close books early after strong demand November 4, 2013 MERLIN Entertainment is planning to close the books on its £3bn stock market flotation ahead of schedule thanks to the strength of demand from institutional investors. The operator of Legoland, Alton Towers and Madame Tussauds is now expected to close the book on its initial public offering (IPO) later this week, instead of 11 November [...]
Debenhams demands a little help from its suppliers (again) December 17, 2013 SUPPLIERS to Debenhams got a nasty shock yesterday when the retail giant wrote to them asking for a contribution to the group’s recent investment programme. It’s not the first time they have been asked for extra support. Earlier this year they were asked to extend payment terms from 90 to 120 days. In the latest [...]
Unite to build student housing on its new car park in Wembley September 18, 2013 WEMBLEY is set to get more university housing, after Schroder Real Estate sold an acre plot of the north London site to student accommodation specialist Unite. The £7.4m site, currently a car park, will be the new home of a 684-room student block and 10,000 square feet of retail space, providing Unite and its Singaporean [...]
Debt firms snap up UK student loans for £160m November 25, 2013 DEBT MANAGEMENT group Erudio was yesterday revealed as the buyer of £890m worth of student loans that have been sold off by the government. Erudio Student Loans, a consortium made up of Arrow Global and CarVal Investors, paid £160m for the portfolio. The deal will see it take control of the government’s remaining 17 per cent [...]
Privatised Royal Mail floats at 330p as any wanting more than £10,000 of stock get turned away October 10, 2013 Allocation details for the biggest privatisation since the 1980s have been released. Royal Mail shares have sold at 330p. All members of the public who applied will get £750 of shares, but anyone who applied for over £10,000 will get nothing. 67 per cent of shares will go to institutions (as opposed to the 70 [...]