Persimmon sees an end to housing blues July 7, 2009 HOUSEBUILDER Persimmon yesterday buoyed the battered property sector as it claimed the worst of the housing crisis is over, reporting a surge in volume and revenues over recent months. Persimmon said it had completed 4,006 homes over the six months to end of June, with total sales revenue of around £625m, 37 per cent lower [...]
CITY MOVES Who’s switching jobs July 7, 2009 Palamon Capital PartnersThe mid-market private equity firm has appointed Dr Richard Wolman to its now 13-strong board of advisers. Wolman is a consultant in human resource development with a particular focus on investment firms, trading houses and management consultancies. Since 2008, he has been working with Palamon on internal development strategies and assisting its investment [...]
Capital couture sales rocket July 6, 2009 Dior is seeing its London business boom as tourists take advantage of the weak pound. The famous fashion house is experiencing double-digit sales growth in Britain, according to chief executive Sydney Toledano.
THE TIPSTER ECONOMIC DRIVERS EYED THIS WEEK July 5, 2009 NEXT week all traders will be watching the Bank of England’s monetary policy decision, announced at midday on Thursday. While the Monetary Policy Committee (MPC) is expected to keep interest rates on hold, there are concerns that further quantitative easing may be suggested. Given that its Eurozone counterpart – the European Central Bank (ECB) – [...]
BEST OF THE BROKERS July 5, 2009 HEINEKENBroker JP Morgan yesterday raised its price target for beer brewer Heineken from €23.00 (£19.70) to €26.00, forecasting an improvement in beer volumes during this year and next. JP Morgan added it did not believe that Heineken is again the “cheap value, recovery player” in the sector, but said that the worst is over in [...]
BEST OF THE BROKERS July 5, 2009 HEINEKENBroker JP Morgan yesterday raised its price target for beer brewer Heineken from €23.00 (£19.70) to €26.00, forecasting an improvement in beer volumes during this year and next. JP Morgan added it did not believe that Heineken is again the “cheap value, recovery player” in the sector, but said that the worst is over in [...]
The property boss who can see the light at the end of the tunnel July 5, 2009 The airy offices of Knight Frank chairman Nick Thomlinson are as good a place as any to survey the wreckage of the property market over the last two years. So it can only be good news that the head of the UK’s largest privately-owned property business shows no sign of panic as he holds court [...]
The property boss who can see the light at the end of the tunnel July 5, 2009 The airy offices of Knight Frank chairman Nick Thomlinson are as good a place as any to survey the wreckage of the property market over the last two years. So it can only be good news that the head of the UK’s largest privately-owned property business shows no sign of panic as he holds court [...]
Sustainable living finally comes of age July 2, 2009 A PROPERTY developer called Morpheus recently revamped three super-luxury homes on Clareville Street in South Kensington, complete with all mod-cons. Even in this climate, they sold within days of going on the market in June, at an average price of £5m. A pretty normal story for the top end of London’s property market. But what [...]
Royal Mail sell-off shelved July 1, 2009 THE government yesterday shelved controversial plans for a part-privatisation of the Royal Mail due to the depressed state of the economy. Business Secretary Lord Mandelson told the House of Lords that “market conditions” had made it “impossible” to complete a deal on “favourable terms.” He added there was “no prospect” of the proposed sale of up [...]