Prudent Lee learns to leave behind netbusters and focus on net gains September 6, 2009 ROB LEE knows what financial mismanagement looks like. He witnessed the recklessness of England team-mates at the 1998 World Cup, who thought nothing of betting £5,000 a hand on card games. More recently he has seen his beloved Newcastle United relegated from the top flight while embattled owner Mike Ashley runs up personal losses of [...]
Prudent Lee learns to leave behind netbusters and focus on net gains September 6, 2009 ROB LEE knows what financial mismanagement looks like. He witnessed the recklessness of England team-mates at the 1998 World Cup, who thought nothing of betting £5,000 a hand on card games. More recently he has seen his beloved Newcastle United relegated from the top flight while embattled owner Mike Ashley runs up personal losses of [...]
Sales outlook starts to improve for DSG… September 2, 2009 DSG, the electrical retailer behind Currys, Dixons and PC World, yesterday posted a smaller-than-expected fall in quarterly sales and said that the outlook had improved slightly. The firm also confirmed it had sold its loss-making Polish division for a nominal €1 (60p) to IDMSA Brokerage House, following the shedding of its other loss-making Swedish and [...]
Buyout firms circle Citi’s $1bn Tokyo call centre September 1, 2009 SEVERAL private equity firms are circling Citigroup after it announced its intention to sell off a Japanese call centre. Major buyout firms Kohlberg Kravis Roberts (KKR), Permira, Blackstone and Bain Capital are all understood to be interested in buying the centre, which is valued at up to $1bn (£620m). Sources familiar with the situation said [...]
Buyout firms circle Citi’s $1bn Tokyo call centre September 1, 2009 SEVERAL private equity firms are circling Citigroup after it announced its intention to sell off a Japanese call centre. Major buyout firms Kohlberg Kravis Roberts (KKR), Permira, Blackstone and Bain Capital are all understood to be interested in buying the centre, which is valued at up to $1bn (£620m). Sources familiar with the situation said [...]
London homes in monthly price rise August 31, 2009 HOUSE prices in London rose by 0.3 per cent over August on the back of a dwindling supply of homes for sale. Hometrack’s national housing survey showed higher price tags in London, the south east and East Anglia, with London’s average price rising to £275,300, although year-on- year prices showed a 6.7 per cent fall. [...]
Channel Five owner posts a profit slump August 31, 2009 GERMANY’S Bertelsmann posted a 30 per cent drop in first-half operating profit due to a decline in advertising and consumer spending and said cost cuts had held off worse results. The owner of Channel Five parent company RTL Group, which reported results last week, and publisher Random House, implemented strict cost savings earlier in the [...]
FOCUS ON: CRAWLEY, WEST SUSSEX August 20, 2009 BADGERS BANK, OLD BRIGHTON ROAD NORTH, PEASE POTTAGE, RH11 9AJPrice: £1.15mThis modern five-bedroom property is located in a quiet cul-de-sac in a village just outside Crawley, which is just under an hour from London by train. There is a large master bedroom suite which includes a dressing area and a bathroom with a jacuzzi bath. [...]
FOCUS ON: CRAWLEY, WEST SUSSEX August 20, 2009 BADGERS BANK, OLD BRIGHTON ROAD NORTH, PEASE POTTAGE, RH11 9AJPrice: £1.15mThis modern five-bedroom property is located in a quiet cul-de-sac in a village just outside Crawley, which is just under an hour from London by train. There is a large master bedroom suite which includes a dressing area and a bathroom with a jacuzzi bath. [...]
RELOADING ON RISK DURING THE AUTUMN August 19, 2009 BRIAN DOLANCHIEF CURRENCY STRATEGIST, FOREX.COM OVER the course of this summer my colleague Jane Foley and I have been consistently cautious on the extraordinary rebound in risk appetite and the accompanying rally in virtually every risky asset class (stocks, commodities and carry trades in forex). We argued that markets were overly optimistic about the prospects [...]