The period mansion with its own chapel September 2, 2010 IN London, homes with good river views are much sought-after and hard to come by – once you have one, you’re not likely to relinquish it. Homes with 80 metres of uninterrupted Thames frontage, however – not to mention 10 bedrooms and a ballroom – present a very, very rare opportunity for anyone with the [...]
GOVERNANCE TRAINSPOTTERS GET KNICKERS IN A TWIST OVER FLINT September 27, 2010 IT’S been a tiring week for HSBC, which is currently juggling the handling of a full-scale management game of musical chairs, the fallout from its leaky succession-planning AND a band of disgruntled sticklers for corporate governance among its shareholder base. So it’ll come as a welcome surprise for the bank to learn that a conservative [...]
Hammerson buys Leadenhall Court for £65m June 11, 2010 PROPERTY company Hammerson has agreed a deal to buy London office building Leadenhall Court for £65m. The property, on the corner of Gracechurch Street and Leadenhall Street, is part of the portfolio securing the failed White Tower 2006-3 plc commercial mortgage backed security issue. The 109,000 sq feer building is one of nine put on [...]
Creditors rights limited in US Ponzi case June 16, 2010 IN a case involving a $255m (£173m) Ponzi scheme targeting Orthodox Jews, a federal appeals court said district judges have the power to block creditors from beginning involuntary bankruptcies against entities put under US Securities and Exchange Commission (SEC) receivership. Tuesday’s ruling by the US Second Circuit Court of Appeals is a setback for creditors [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 7, 2010 FINANCIAL TIMES EUROZONE FEARS SEND INVESTORS TO HAVENS Investor worries over the Eurozone have deepened, hitting the markets of the single currency’s weaker economies and sparking a flight to the safety of US Treasuries, German bunds, the yen and the Swiss franc. Global equities lost ground and the euro weakened on Tuesday, while European bank [...]
Government targets civil service redundancies to slash spending July 4, 2010 CIVIL service “golden goodbyes” would be cut drastically in the government’s latest plan to axe spending. In a move to reduce the cost of laying off hundreds of thousands of state employees, new caps on redundancy are set to be introduced within weeks. But last night the plan drew furious opposition from unions, who said [...]
After a slump and a court case the Virgin airline boss is ready for more August 30, 2010 Virgin Atlantic boss Steve Ridgway is still dealing with the fallout from the collapse of a price-fixing trial involving his airline. Despite not actually facing any charges, his firm, which has always styled itself as the people’s champion, was battered and bruised by the Office of Fair Trading (OFT) case, which alleged collusion between Virgin [...]
After a slump and a court case the Virgin airline boss is ready for more August 30, 2010 Virgin Atlantic boss Steve Ridgway is still dealing with the fallout from the collapse of a price-fixing trial involving his airline. Despite not actually facing any charges, his firm, which has always styled itself as the people’s champion, was battered and bruised by the Office of Fair Trading (OFT) case, which alleged collusion between Virgin [...]
Halliwells to face administration June 27, 2010 HALLIWELLS, the first legal outfit to fall victim to the recession and face administration, was close to securing a deal last night with a rival firm in a bid to transfer some of its business. Late last week, the Manchester based firm filed for court permission to appoint an administrator after taking a severe hit [...]
Halliwells to face administration June 27, 2010 HALLIWELLS, the first legal outfit to fall victim to the recession and face administration, was close to securing a deal last night with a rival firm in a bid to transfer some of its business. Late last week, the Manchester based firm filed for court permission to appoint an administrator after taking a severe hit [...]