ANALYST VIEWS | WERE HAMMERSON’S RESULTS IN LINE WITH EXPECTATIONS? July 23, 2012 ALISON WATSON LIBERUM CAPITAL NAV and earnings were marginally ahead and dividend in-line. The underlying portfolio was broadly flat with UK retail parks the poorest performer. Yield expansion across the portfolio was offset by both rental growth from its index linked leases and development surpluses in its French portfolio. JAMES CARSWELL PEEL HUNT Today’s figures [...]
City Moves | Who’s switching Jobs August 29, 2012 SWIP The asset manager has added Alan Bridges to its global rates team as investment director of UK rates. Bridges has 27 years’ experience in global fixed income, most recently at UBS Global Asset Management where he was a senior portfolio manager. Prior to that he worked in a number of senior positions at ABN [...]
City Moves | Who’s switching Jobs September 4, 2012 DAC Beachcroft Anthony Menzies has been appointed as a partner in the law firm’s London-based global insurance team. He joins from Taylor Wessing, where he was a partner in its insurance and reinsurance group. Menzies is a specialist in marine, energy and engineering law, and has also previously held roles at Clyde & Co and [...]
Olympic slump as ghost town effect worsens August 2, 2012 NEW DATA released yesterday shows just how hard central London has been hit by the Olympics’ focus on the east of the City, with fewer visitor numbers and a significant drop in traffic in the area. Figures from retail specialist Springboard shows that shops and restaurants were much quieter than expected over the first weekend [...]
Should the UK welcome proposals for a Europe-wide banking supervisor? September 12, 2012 YES Mark English Problems in banks spread quickly across borders. A single system of supervision for the euro area means reinforced application of rules and will result in more confidence. Enhanced stability will help tackle the current crisis and help to prevent future crises. It will mean added protection for UK banks – and the [...]
Hammerson keeps focus on retail ambition July 23, 2012 ANGLO-FRENCH property developer Hammerson said yesterday it is eyeing opportunities to invest in Europe’s depressed property market after recently selling the bulk of its London office portfolio for £518m. The FTSE 100 company, whose portfolio is now 97 per cent retail following the deal with US group Brookfield Office Properties in June, said it had [...]
What the other papers say this morning September 20, 2012 FINANCIAL TIMES EU faces bacon shortage as herds fall A global shortage of bacon beckons as European farmers continue to cull their pig herds in the face of higher feed prices, an industry association is warning. Data showing the EU pig herd is declining “at a significant rate” in a trend mirrored around the world [...]
What the other papers say this morning September 20, 2012 FINANCIAL TIMES EU faces bacon shortage as herds fall A global shortage of bacon beckons as European farmers continue to cull their pig herds in the face of higher feed prices, an industry association is warning. Data showing the EU pig herd is declining “at a significant rate” in a trend mirrored around the world [...]
What the other papers say this morning September 12, 2012 FINANCIAL TIMES UBS looks to cap banker bonuses UBS is looking at capping bankers’ bonuses following regulatory and investor pressure. Switzerland’s largest bank by assets is considering a range of options including putting a lid on executives’ bonuses, increasing the time for deferred pay to five years and aligning its absolute remuneration level with the [...]
Retail bonds boom as ICAP shuts its £50m issue ahead of schedule July 17, 2012 BROKER ICAP yesterday closed its £50m retail bond issue earlier than expected following a strong response from investors. “ICAP has met sufficient demand for the bond,” a spokesman said. They declined to comment on the likelihood of future issues. The bond offered a 5.5 per cent return over a six year period and subscribers could [...]