WHAT THE OTHER PAPERS SAY THIS MORNING June 20, 2010 FINANCIAL TIMES JPMORGAN PUSHES ON WITH TALKS OVER BRAZILIAN HEDGE FUND JPMorgan Chase is pushing ahead with talks to buy a large Brazilian hedge fund and private equity group, in spite of impending US legislation designed to limit the involvement of commercial banks in such activities. People close to the situation said the US financial [...]
Minerva in City office boost May 7, 2010 PROPERTY company Minerva said today that the City office market is improving as it revealed that almost half the space in its centrepiece development had already been let out. The 560,000 sq ft St Botolph Building – on schedule to be opened later in the summer – is one of the largest developments in the [...]
Grosvenor House hotel bids due April 11, 2010 The Grosvenor House hotel could change hands in the next few months, with an estimated sale figure of £500m to £550m. Bids for the five-star hotel, which is owned by Royal Bank of Scotland, are due before the end of the month. CB Richard Ellis has been appointed to handle the sale. The Livingstone brothers, [...]
To be young, gifted and green June 24, 2010 He’s just about to set up his fourth environmental fund and he’s not yet 30, but Ben Goldsmith has emerged as a leading force in environmental investing since he set up the UK’s first clean technology venture capital fund in 2004. This is all through Wheb (soon to be Wheb Partners). There are now two [...]
To be young, gifted and green June 24, 2010 He’s just about to set up his fourth environmental fund and he’s not yet 30, but Ben Goldsmith has emerged as a leading force in environmental investing since he set up the UK’s first clean technology venture capital fund in 2004. This is all through Wheb (soon to be Wheb Partners). There are now two [...]
Redrow on way to profit April 26, 2010 HOUSEBUILDER Redrow expects to return to profitability in the second half of 2010 as market conditions continue to improve. The FTSE 250 group says it has been “encouraged” by sales activity since the start of the calendar year. It is likely to legally complete more than 2,500 homes this year with sales rates per outlet [...]
Grainger says its future is as safe as houses May 20, 2010 PROPERTY giant Grainger will use a dramatic swing back to black as a springboard to grow its residential portfolio. The firm turned a yawning £143m loss last year into a slender £3.5m profit. It reported operating profits of £48.0m, a 16 per cent hike from the £41.3m reported in 2009. Its residential sales shot up [...]
Appetite for ISAs boosts L&G sales 2pc May 5, 2010 HEAVY demand for ISAs and savings products helped Legal & General grow sales by two per cent in the first quarter, but analysts cautioned that volatile markets may curb investors’ resurgent appetite. The FTSE 100 insurer saw new business tick up to £388m in first quarter results that broke through analyst forecasts. Sales of retail [...]
Tullett tipped for MBO after bid talks end May 13, 2010 ANALYSTS said Tullett Prebon is ripe for a private equity-backed management buyout yesterday after the inter-dealer broker said a trade sale was off. The FTSE 250 outfit said discussions with a mystery third party, announced in March, had been “constructive” but agreement on the terms of an offer had been impossible. Shares in Tullett tanked [...]
55 PER CENT BEER BREWER GETS HAMMERED BY ANIMAL ACTIVISTS July 22, 2010 A DOLLOP of mirth for the City yesterday as it emerged that independent brewery BrewDog is up to its record-breaking tricks again. BrewDog, which has twice before held the record for the strongest beer in the world, yesterday unveiled its latest offering, a 55 per cent proof blond ale retailing at £500 a bottle, which [...]