Capital & Counties asset value boosted by Covent Garden site August 3, 2011 CAPITAL & Counties, the London focused property developer, posted a four per cent rise in the value of its assets, boosted by an increase in value of its Covent Garden estate. Net asset value per share rose four per cent to 154p, while pre-tax profit was up 28 per cent at £70.2m from £54.8m a [...]
Banks slump as service sector data disappoints September 5, 2011 Stocks have retreated this morning after a poor overnight session in Asia and over intensifying concerns that economies worldwide face recession. London’s FTSE 100 has been hit by a barrage of fears over global growth since US employment data on Friday showed job creation slumped to zero in August. Service sector data from China has [...]
Banks slump as service sector data disappoints September 5, 2011 Stocks have retreated this morning after a poor overnight session in Asia and over intensifying concerns that economies worldwide face recession. London’s FTSE 100 has been hit by a barrage of fears over global growth since US employment data on Friday showed job creation slumped to zero in August. Service sector data from China has [...]
Bank funding takes the centre-stage September 5, 2011 How vulnerable are Europe’s banks? Yesterday, Deutsche Bank chief Josef Ackermann issued the dire (if obvious) prediction that the weak will not survive the gathering storm. And IMF chief Christine Lagarde has needled her old Eurozone colleagues by repeatedly questioning the solvency of the region’s lenders and demanding that they raise more capital – over [...]
Greek crisis saps market confidence October 3, 2011 Banks were the biggest fallers across Europe on opening this morning after Greece admitted it will not meet 2011-2012 deficit targets imposed by international lenders as part of the country’s bailout. The sector was down 3.7 per cent on the pan-European FTSEurofirst 300 index, illustrating the problem for financial institutions saddled with burden of the [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 5, 2011 FINANCIAL TIMES LIBYA’S NEW OIL CHIEF WARNS THAT OUTPUT WILL NOT RECOVER UNTIL LATE NEXT YEAR Libyan oil production will not return to pre-war levels until late next eyar at the earliest, with many of the county’s oil facilities having suffered heavy damage and looting during the conflict, according to the newly appointed charman of [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 5, 2011 FINANCIAL TIMES LIBYA’S NEW OIL CHIEF WARNS THAT OUTPUT WILL NOT RECOVER UNTIL LATE NEXT YEAR Libyan oil production will not return to pre-war levels until late next eyar at the earliest, with many of the county’s oil facilities having suffered heavy damage and looting during the conflict, according to the newly appointed charman of [...]
Jupiter to give first interim dividend August 19, 2011 Fund manager Jupiter has pledged its maiden interim dividend after pre-tax profits more than doubled in half-year to end-June despite a slowdown in the pace of new business as shaky stock markets rattle investors. Jupiter, one of the UK’s largest retail investment fund managers with most of its assets invested in equity, will pay a [...]
FTSE breaks winning streak on worries over Euro bailout October 11, 2011 THE FTSE 100 share index snapped a four-day winning streak yesterday, as worries over Europe’s debt problems and the impact on the global economic recovery prompted investors to bank some of the recent gains made in commodity and financial stocks. The index closed down 3.3 points, or 0.1 per cent at 5,395.70, but recovered from [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 1, 2011 FINANCIAL TIMES PEERS IN FRESH THREAT TO BILL FOR FIXED-TERM PARLIAMENTS The coalition’s plan for fixed five-year parliamentary terms is in jeopardy, with peers threatening to vote against the legislation in the autumn for a third time. David Cameron and Nick Clegg put the promise in their coalition agreement last year in an attempt to [...]