Commodities boost FTSE rise as China data elevates miners July 13, 2011 BRITAIN’S FTSE 100 bounced yesterday, led by commodity stocks as economic data from China and soothing words from the US Federal Reserve raised hopes that stagnation in the global economic recovery might prove short-lived. Having fallen near five per cent over the previous three days, the mining sector rallied 1.8 per cent after China’s GDP [...]
Capital & Counties submit Earls Court housing plans June 22, 2011 CAPITAL & COUNTIES Properties submitted plans yesterday for the £8bn redevelopment of Earls Court site in West London. EC Properties, a subsidiary of CapCo, presented planning applications to Hammersmith and Fulham council to demolish the 77-acre site in West Kensington – which includes the Earls Court Exhibition Centre – and replace it with 7,500 new [...]
FTSE solid as investors eye US jobs data July 8, 2011 The FTSE 100 started out on the front foot today as investors awaited key US jobs data to assess the strength of the country’s economic recovery. Positive performances on Asian markets and on Wall Street buoyed sentiment in London with the non farms payroll figures to set the tone for trading later. Greece will also [...]
Beware retail banks taking ever greater risks June 19, 2011 WHEN it was announced that George Osborne was going to endorse the Vickers Commission’s suggestion that the retail arms of UK banks be subject to some kind of “ring-fencing” in his speech at Mansion House last week, £3.5bn was wiped off the collective market value of the UK’s four biggest banks almost immediately. Judging from [...]
Beware retail banks taking ever greater risks June 19, 2011 WHEN it was announced that George Osborne was going to endorse the Vickers Commission’s suggestion that the retail arms of UK banks be subject to some kind of “ring-fencing” in his speech at Mansion House last week, £3.5bn was wiped off the collective market value of the UK’s four biggest banks almost immediately. Judging from [...]
ENTREPRENEURS NEWS | IN BRIEF July 3, 2011 MIND CANDY AND LOVEFILM WIN AWARDS The British Private Equity and Venture Capital Association (BVCA) awarded Mind Candy and LoveFilm business management awards at a black tie ceremony held in London last week. Mind Candy, the business behind children’s social networking sensation Moshi Monsters, picked up the Venture Capital Backed-Management Team of the Year award, [...]
SuperGroup: Growth plan is on track June 20, 2011 SuperGroup has seen a marked improvement in trading over the past three weeks and is sticking by its expansion plans, it said, as it seeks to calm nerves after a plunge in its shares. The company behind the Superdry fashion brand also said it had exchanged contracts for a new flagship store on London’s Regent [...]
SuperGroup: Growth plan is on track June 20, 2011 SuperGroup has seen a marked improvement in trading over the past three weeks and is sticking by its expansion plans, it said, as it seeks to calm nerves after a plunge in its shares. The company behind the Superdry fashion brand also said it had exchanged contracts for a new flagship store on London’s Regent [...]
ANALYST VIEWS: WHAT DO YOU MAKE OF LAND SECURITIES’ FIGURES? May 18, 2011 KEITH CRAWFORD | PEEL HUNT Land Securities has the best niche exposures amongst leaders thus is our core recommendation within leader stocks. There appears to be little ‘drag’ factors in the results with all major categories of property showing material gains in the second-half. MIRANDA COCKBURN | MATRIX GROUP Management is showing it can beat [...]
British Land asset value rises May 23, 2011 British Land posted a 12.5 per cent increase in its net asset value per share and said it expected strong demand for prime office and retail property to continue. The property company confirmed a full-year NAV per share of 567 pence, from 504 pence a year earlier. Its underlying pre-tax profit was £256m, up 2.8 [...]