Banking on surprising the markets July 31, 2011 THIS week sees the release of interim figures from a number of UK banks, and few are holding out hope for particularly strong results. A generally weak UK economy that grew an anaemic 0.2 per cent in the second quarter, coupled with concerns about the risk of UK bank exposure to possible European default, have [...]
Banks in retreat after Portugal downgrade July 6, 2011 The FTSE 100 lost ground on opening today after Moody’s cut Portugal’s credit rating to “junk” sending banking shares down. As the Eurozone crisis deepened investors abandoned risky equities as banks’ exposure to the crisis in the eurozone came under the spotlight. The euro fell sharply after the Moody’s four-notch downgrade to Ba2, with the [...]
Banks in retreat after Portugal downgrade July 6, 2011 The FTSE 100 lost ground on opening today after Moody’s cut Portugal’s credit rating to “junk” sending banking shares down. As the Eurozone crisis deepened investors abandoned risky equities as banks’ exposure to the crisis in the eurozone came under the spotlight. The euro fell sharply after the Moody’s four-notch downgrade to Ba2, with the [...]
Leadenhall Triangle sale completed June 21, 2011 HENDERSON Global Investors has completed the purchase of the Leadenhall Triangle site for around £190m, the fund manager announced yesterday. The Triangle, which encompasses five sites in the City including Leadenhall Street and Fenchurch Street, was sold following interest from 11 potential bidders. The plot’s previous owners, who were clients of Investream, hired debt-servicing specialist [...]
Leadenhall Triangle sale completed June 21, 2011 HENDERSON Global Investors has completed the purchase of the Leadenhall Triangle site for around £190m, the fund manager announced yesterday. The Triangle, which encompasses five sites in the City including Leadenhall Street and Fenchurch Street, was sold following interest from 11 potential bidders. The plot’s previous owners, who were clients of Investream, hired debt-servicing specialist [...]
Landlords hit as retailers shut up shop May 18, 2011 LANDLORDS are being squeezed as struggling retailers abandon high streets which are losing out in the battle against malls, according to property experts. As cash-strapped consumers rein in their spending the face of the UK’s high streets are changing with major chains closing hundreds of stores. As much as 14.5 per cent of the UK’s [...]
RICE KING’S SHARWOODS BID GOES OFF THE BOIL July 19, 2011 THE RETAIL industry has been on tenterhooks over the last month to see whether rice tycoon Moni Varma, the chairman of Veetee Food Group, would succeed in expanding his processed foods empire by buying Sharwoods from Premier Foods. However, The Capitalist can reveal that Varma’s audacious bid for the sauces manufacturer is no longer likely [...]
FTSE rises but Eurozone still weighs on some bank stocks August 15, 2011 ARALLY by commodity issues on a brighter demand picture pulled Britain’s top share index higher yesterday, though weakness in banks dented some sentiment as investors looked cautiously ahead towards a key meeting today on the Eurozone debt crisis. French President Nicolas Sarkozy will meet German chancellor Angela Merkel in Paris to discuss further steps to [...]
FTSE rises but Eurozone still weighs on some bank stocks August 15, 2011 ARALLY by commodity issues on a brighter demand picture pulled Britain’s top share index higher yesterday, though weakness in banks dented some sentiment as investors looked cautiously ahead towards a key meeting today on the Eurozone debt crisis. French President Nicolas Sarkozy will meet German chancellor Angela Merkel in Paris to discuss further steps to [...]
London retail boost fuelled by Easter lift April 18, 2010 RETAILERS in central London saw an almost ten per cent rise in sales last month – fuelled by a booming Easter. The figures, based on a comparison with March last year, showed that the weak pound and an increase in Chinese visitors over the holiday helped to keep tills ringing, with a 9.9 per cent [...]