Property firm of the year September 10, 2013 This year has seen a marked change in the property industry. Developers are more upbeat and construction activity in central London has more than trebled since activity reached a low in mid-2010. Here are our pick of developers that have been leading the activity in the market and setting the scene for what should be [...]
John Laing Infrastructure raises £242m for hospital investment October 3, 2013 JOHN Laing Infrastructure Fund (JLIF), the FTSE 250-listed investment fund, yesterday raised a record £242m from investors to help fund a hospital spending spree. The company said the share offering at 111p was oversubscribed. It will use £103m of the proceeds to take stakes in two medical facilities – North Staffordshire Hospital and Kelowna and [...]
3D printing could spark high street revival says JP Morgan October 17, 2013 JP Morgan has suggested that 3D printing (3DP) is the trend to watch, although the short term impact will be limited. JP Morgan analysts who visited 'the future is here' exhibition concluded that 3DP should be watched closely and suggested that mall operators should focus on gaining more 3DP store tenants. A major factor in [...]
Biggest banks close capital hole by £83bn September 25, 2013 THE WORLD’S biggest banks took another giant leap towards hitting regulators’ capital targets, according to numbers out yesterday from the Basel Committee on Banking Supervision. The international group of finance authorities said the 100 so-called Group 1 banks – the largest in the world – were €115bn (£97bn) short of the seven per cent capital target [...]
Cameron needs growth gazelles to bring life to his land of opportunity October 2, 2013 IN HIS speech to the Conservative Party conference yesterday, David Cameron told the audience that the government’s great project was to make Britain a land of opportunity. He argued that Conservatives should see their mission as building a Britain where humble dreams like owning your own home or starting your own business are within the [...]
UK firm plans £42m AIM float to boost German bus expansion September 4, 2013 BRITISH investment group Marwyn Management has confirmed that it is looking to float its transport subsidiary and raise around €50m (£42m) of new capital. Marwyn European Transport (MET) specialises in the German bus sector, which is highly regulated and fragmented. MET believes this presents an opportunity to build up a substantial business and profit via economies of [...]
Government plans fuel duty freeze until 2015 September 30, 2013 Chancellor George Osborne has announced that the coalition government plans to freeze fuel duty until 2015. He said that relies upon the government being able to find the savings necessary. Osborne slammed Labour leader Ed Miliband's plan for energy sector price controls, saying that they would simply see bills increase in the short and the [...]
Canadian building permits plummet more than expected in July – the first fall in half a year August 7, 2013 Permits for the construction of new buildings in Canada fell by a greater than expected 10.3 per cent in June – the first decrease in six months. Analysts had expected a slightly less drastic decline of 3.2 per cent following the previous month’s revised 5.8 per cent growth. Despite this, the total value of building [...]
Boris unveils private rental tower July 31, 2013 London mayor Boris Johnson yesterday named Essential Living and Mace as the preferred developers to build the UK’s tallest private rented residential tower. The companies have secured institutional backing from real estate investment firm M3 Capital Partners to build the 44-storey tower on the former site of the London Park Hotel in Elephant and Castle. [...]
Davis returns to haunt Glencore with $3bn miner October 1, 2013 FORMER Xstrata chief executive Mick Davis reinforced his comeback into the mining sector yesterday, with the announcement that his new mining venture has raised $1bn (£618m). Private equity firm TPG and commodities trading house Noble have invested $500m each in X2 Resources, which aims “to create a new mid-tier diversified mining and metals group by…identifying [...]