WHAT THE OTHER PAPERS SAY THIS MORNING August 22, 2011 FINANCIAL TIMES LLOYDS LOOKS TO EASE DISPOSAL Lloyds Banking Group is in early talks with the City regulator about easing the capital burden for prospective buyers of some of its branches in an effort to remove one of the biggest obstacles to the sale. It hopes to pave the way for a bidder to qualify [...]
WHAT THE OTHER PAPERS SAY THIS MORNING August 22, 2011 FINANCIAL TIMES LLOYDS LOOKS TO EASE DISPOSAL Lloyds Banking Group is in early talks with the City regulator about easing the capital burden for prospective buyers of some of its branches in an effort to remove one of the biggest obstacles to the sale. It hopes to pave the way for a bidder to qualify [...]
John Lewis sales jump 20pc July 1, 2011 John Lewis posted a 20 per cent jump in sales bucking the retail gloom on the high street. The retailer said that in the week to 25 June every one of its stores took more cash in its tills than a year before. Although analysts warned part of the impact was because of the success [...]
Regent Street branded new Fifth Avenue June 26, 2011 SUPERGROUP chief executive Julian Dunkerton has labelled Regent Street – where it is to have its flagship store – as “the UK’s answer to Fifth Avenue”, as some of the world’s most famous brands line up to set up shop there. In a changing of the guard among retailers, SuperGroup has bought the lease on [...]
Great Portland boosts its NAV July 21, 2011 GREAT Portland Estates (GPE) said the value of its property assets increased by 3.8 per cent in the first quarter this year, driven by demand for West End offices and near-term development schemes. The London property developer said its portfolio valuation increased by £58.4m to £1.6bn in the three months through June. Net asset value [...]
CITY MOVES | WHO’S SWITCHING JOBS August 8, 2011 Santander The retail and commercial bank has promoted Robin Foale, formerly the divisional managing director for corporate and commercial banking in Thames Valley & South West, to managing director for its business banking division. In his new role, Foale will review the services offered to small businesses in Santander’s branch and telephone network. Prior to [...]
FTSE falls on worries of China and copper losing momentum September 29, 2011 BRITAIN’S leading share index fell back yesterday, bucking firmer trends from both US and European equity markets and under pressure from big falls by heavyweight miners on lower copper prices amid concerns over future demand. Traders highlighted some anxiety over growth from major metals consumer China ahead of official September PMI numbers, due out on [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 24, 2011 FINANCIAL TIMES CHINA EYES BARTER PLAN TO BYPASS US SANCTIONS ON IRAN PAYMENTS Tehran and Beijing are in talks about using a barter system to exchange Iranian oil for Chinese goods and services, as US financial sanctions have blocked China from paying at least $20bn for oil exports. The US sanctions against Iran, which make [...]
Diamond calls for UK growth August 2, 2011 THE head of Barclays has called on the government to deliver a plan for growth based on a renewed faith in the private sector, warning that the economy is being strangled by a crisis in confidence. Speaking at Barclays’ half-year results, chief executive Bob Diamond said that the UK is ahead of others in tackling [...]
Diamond calls for UK growth August 2, 2011 THE head of Barclays has called on the government to deliver a plan for growth based on a renewed faith in the private sector, warning that the economy is being strangled by a crisis in confidence. Speaking at Barclays’ half-year results, chief executive Bob Diamond said that the UK is ahead of others in tackling [...]