WHAT THE OTHER PAPERS SAY THIS MORNING October 20, 2011 FINANCIAL TIMES EU PUTS BANKS’ SHORTFALL AT JUST €90BN Europe’s grand plan to strengthen its banking system is set to fall well short of current market expectations identifying a capital shortfall of less than €100bn (£87bn) that must be made up over the next six to nine months, according to the latest official estimates. The EU’s [...]
BEST OF THE BROKERS July 18, 2011 LAND SECURITIES Panmure Gordon rates the commercial property group hold with an 825p target price as it believes today’s trading update will confirm a trend of strong rent growth and tenant demand, particularly in central London. Panmure believes Land Sec has a portfolio of prime retail space that will maintain its growth despite a tough [...]
FTSE edges up as investors eye US strategy August 31, 2011 The FTSE 100 opened solidly this morning as investors kept their eyes on the situation across the Atlantic with hopes still alive that the US Federal Reserve will trigger stimulus measures to boost the struggling economy. US stocks rose for a third straight day yesterday in a volatile session, after minutes from the latest Federal [...]
FTSE edges up as investors eye US strategy August 31, 2011 The FTSE 100 opened solidly this morning as investors kept their eyes on the situation across the Atlantic with hopes still alive that the US Federal Reserve will trigger stimulus measures to boost the struggling economy. US stocks rose for a third straight day yesterday in a volatile session, after minutes from the latest Federal [...]
Banks rally but City frets over ringfence August 30, 2011 BRITISH banks’ share prices rallied dramatically yesterday as London played catch up with world markets after Monday’s holiday. Analysts said that investors were pricing in the possibility of further quantitative easing due to the Federal Reserve’s September meeting being extended from one to two days. But UK lenders were also helped by a bullish note [...]
Standard Chartered warns on bank ringfencing plans July 12, 2011 GOVERNMENT-COMMISSIONED plans to force banks to “ring-fence” their retail and investment arms have been blasted for putting the economy at risk. Standard Chartered, the emerging-markets focused bank, said the central plank of the Independent Commission on Banking (ICB) review “would not address the causes of the crisis or improve financial stability”. “These proposals, coupled with [...]
WHAT THE OTHER PAPERS SAY THIS MORNING August 8, 2011 THE FINANCIAL TIMES IZODIA INVESTORS PURSUE LOST £5.3M Izodia, the multibillion-pound dotcom company at the centre of one of the City of London’s longest-running corporate scandals, has postponed liquidation in the hope that it can recover some of the £5.3m it is still owed. The Daily Telegraph UK FACES CREDIT RATING CUT AND MORE MONEY-PRINTING [...]
Spending spree plans at London & Stamford July 21, 2011 LONDON & Stamford Property (L&S) has stepped up plans to expand its residential portfolio, agreeing to buy more than 100 residential properties in north London for £49.1m. The real estate developer announced yesterday it had bought 107 private residential units and 31 car parking spaces in Islington from Seward Street Developments, bringing its total portfolio [...]
Home Retail buys slice of Habitat for £24.5m June 24, 2011 Home Retail Group has announced that it has bought parts of the Habitat chain for £24.5m. The Argos and Homebase owner has bout the rights are for the exclusive use of the Habitat brand, its brand designs and intellectual property in the UK and the Republic of Ireland. It has also acquired the Habitat UK [...]
Home Retail buys slice of Habitat for £24.5m June 24, 2011 Home Retail Group has announced that it has bought parts of the Habitat chain for £24.5m. The Argos and Homebase owner has bout the rights are for the exclusive use of the Habitat brand, its brand designs and intellectual property in the UK and the Republic of Ireland. It has also acquired the Habitat UK [...]