The captain of industry who says the UK needs to be more like Asia November 20, 2011 FROM the CBI’s offices on the second floor of the Centre Point tower, you get a great view of the construction site that will eventually become the Tottenham Court Road Crossrail station. It is fitting that the CBI, which was one of the railway’s biggest supporters, is so close to the action, and a reminder [...]
Land Securities to start £275m of retail projects July 17, 2011 LAND Securities is close to starting work on a number of shopping development projects worth £275m, despite tough economic conditions still facing the retail sector. Britain’s biggest property company has lined up seven new projects in south-east England and the Midlands for retailers including Tesco and Primark, that together will create more than 1,000 jobs [...]
Land Securities to start £275m of retail projects July 17, 2011 LAND Securities is close to starting work on a number of shopping development projects worth £275m, despite tough economic conditions still facing the retail sector. Britain’s biggest property company has lined up seven new projects in south-east England and the Midlands for retailers including Tesco and Primark, that together will create more than 1,000 jobs [...]
Crisis hinders key caja float July 12, 2011 ONE of Spain’s flagship savings bank flotations was put back by a day yesterday as the sovereign debt crisis forced book-building down to the wire. The initial public offering (IPO) of Banca Civica, one of two vitally important deals underway in Spain, will be pushed back by a day to 19 July, giving investors an [...]
Osborne to announce auction of Northern Rock this week June 12, 2011 CHANCELLOR George Osborne is expected to use his Mansion House speech on Wednesday to announce plans to auction off state-owned bank Northern Rock Osborne is expected to make the announcement at his annual address to the City of London’s financial elite — a gathering that will also be addressed by Bank of England governor Mervyn [...]
London defies slow UK real estate market July 4, 2011 GROWING demand for office space and a booming London market are offering some hope for the UK’s ailing commercial property market, a new survey revealed today. And while the residential property sector continues to slump across the UK, house prices at the top end of the London market are expected to rise by nine per [...]
How to get the best deal exiting… August 21, 2011 PETER Jones cashed in on his Wireless Logic investment this week, pocketing a whopping £38m. This is the third telecoms business he has sold in the last year, totting up over £100m in the process. He’s after a “war chest” that will buy him a mega-retail brand to turn around. Just how does he do [...]
Alcoa posts fourth quarter profit January 11, 2011 Alcoa, the largest US aluminium producer, reported a fourth-quarter profit and projected a 12 per cent rise in demand for the metal in 2011, driven by aerospace and auto manufacturing. Alcoa said income from continuing operations was $258m (£166m) compared with a loss of $266m in the same quarter of 2009. “Pretty much every one [...]
Doughty bid snubbed by Aegis board July 10, 2011 SHAREHOLDERS in Aegis Group have been urged to put pressure on the firm’s board, after its directors allegedly snubbed a competitively-priced approach for its market-research unit Synovate. Aegis is alleged to have ignored an approach from Doughty Hanson, the private equity owner behind the Vue cinema chain. Instead, the company has entered into exclusive talks [...]
WHAT THE OTHER PAPERS SAY THIS MORNING August 31, 2011 FINANCIAL TIMES TOBACCO TRADE GROUP CHIEF QUITS The head of the UK tobacco industry’s main trade body has resigned after failing to persuade the coalition government to rescind anti-tobacco measures introduced under Labour. Christopher Ogden will step down in October following a review of the organisation’s structure initiated by its members, British American Tobacco, Imperial [...]