Workspace plans cut-price rights issue July 7, 2011 BUSINESS landlord Workspace Group is to raise £63m in a deeply discounted rights issue, as part of plans to accelerate investment in its portfolio of buildings. The one-for-four rights issue is being made at a price of 23p per new ordinary share, representing a 21 per cent discount to the stock’s Wednesday night close. The [...]
WALL STREET WEEK AHEAD May 22, 2011 Signs of a Wall Street sell-off are all over the place, but US stocks might well survive another week relatively unscathed if investors keep betting on sectors less vulnerable to an economic downturn. Pressure for a correction in the stock market has been building up in the past few weeks as the euro and oil [...]
WALL STREET WEEK AHEAD May 22, 2011 Signs of a Wall Street sell-off are all over the place, but US stocks might well survive another week relatively unscathed if investors keep betting on sectors less vulnerable to an economic downturn. Pressure for a correction in the stock market has been building up in the past few weeks as the euro and oil [...]
Balfour bags new contracts November 11, 2010 Balfour Beatty, Britain’s market leader in big-ticket construction projects, increased its order book in the third quarter, underscoring its resilience in a tough environment for the building sector. The FTSE 250-listed company increased its order book to more than £15bn despite the looming public sector cuts to its core operations.
Balfour bags new contracts November 11, 2010 Balfour Beatty, Britain’s market leader in big-ticket construction projects, increased its order book in the third quarter, underscoring its resilience in a tough environment for the building sector. The FTSE 250-listed company increased its order book to more than £15bn despite the looming public sector cuts to its core operations.
The big picture: London property July 10, 2011 Office Space IT’S a game of two halves for central London’s commercial property market: an early trip to the showers for the office sector, while the retail sector is playing into extra time. Across London’s core office pitches, from the financial zones of Canary Wharf and the City, to the media and head office blocks [...]
Ronson project makes first deal May 31, 2011 LONDON property tycoon Gerald Ronson’s new investment vehicle completed its maiden purchase yesterday. Ronson Capital Partners (RCP), “a club of like-minded partners” drawn mostly from the UK and the Middle East, has spent £63m on International House on Chiltern Street, Marylebone. RCP aims to demolish the 12-storey tower once the existing tenants’ lease deals expire [...]
London jitters thwart Moscow airport float May 31, 2011 MOSCOW’S busiest airport has become the latest group to fall victim to shaky investor confidence in London’s initial public offering (IPO) market. DME Limited, the offshore company that owns Domodedovo airport, announced the withdrawal of its planned $700m-$1bn (£424 – £607m) float in London late on Sunday night, having published its intention to float document [...]
ENTREPRENEURS NEED A GOOD START-UP STORY July 17, 2011 THE creation of new firms is the single most important part of the economic drama,” says Carl Schramm, the chief executive of the Kauffman Foundation, the world’s largest private foundation devoted to encouraging entrepreneurship. He was speaking about the challenges facing the world’s entrepreneurs. While the whole speech was fascinating, that statement really stood out. [...]
ENTREPRENEURS NEED A GOOD START-UP STORY July 17, 2011 THE creation of new firms is the single most important part of the economic drama,” says Carl Schramm, the chief executive of the Kauffman Foundation, the world’s largest private foundation devoted to encouraging entrepreneurship. He was speaking about the challenges facing the world’s entrepreneurs. While the whole speech was fascinating, that statement really stood out. [...]