Rok plunges into administration November 8, 2010 Building and social housing repairs firm Rok said it would go into administration and trading in its shares was suspended. “The board of Rok plc announces that it has resolved to put the company into administration and to make an application to the Financial Services Authority to suspend the listing and trading of the company’s [...]
Selfridges snaps up Dutch store November 16, 2010 RETAIL group Maxeda Retail Group B.V. said yesterday it has agreed to sell the Dutch luxury department store chain, De Bijenkorf – or “the beehive” to Selfridges Group for an undisclosed sum. The transaction is part of an overhaul of the Dutch non-food retail sector, with KKR’s Maxeda also selling the Hunkemoeller lingerie stores and [...]
Time to rethink environmental policy November 24, 2010 IN an age of austerity, it is vital we think outside of the box. This ought to be especially true of environmental issues, an area in which Britain remains wedded to old thinking. We desperately need a pro-growth, pro-jobs strategy to help the private sector get us out of our present mess – yet the [...]
Time to rethink environmental policy November 24, 2010 IN an age of austerity, it is vital we think outside of the box. This ought to be especially true of environmental issues, an area in which Britain remains wedded to old thinking. We desperately need a pro-growth, pro-jobs strategy to help the private sector get us out of our present mess – yet the [...]
Resolution eyes up further deals November 11, 2010 RESOLUTION, the insurance buyout group founded by entrepreneur Clive Cowdery, said yesterday that it remains firmly on the acquisition trail, with a view to exploiting opportunities overseas as well as in the UK. Chief executive John Tiner said the group has a “wider and longer-term ambition to build restructuring projects in other jurisdictions”, including the [...]
Cable & Wireless on target despite cuts November 16, 2010 Telecoms firm Cable & Wireless Worldwide is comfortable with full-year expectations after posting first-half sales and earnings in line with forecasts despite pressure from cuts to UK public spending. C&W Worldwide, which concentrates on the global corporate market and has a large presence in Britain, said the “satisfactory” results had been held back by the [...]
PERSONAL FINANCE NEWS December 16, 2010 NEW SHARE BROKING FIRM LAUNCHED Rivington Street Holding yesterday launched its execution-only share broking service, promising to cut the cost of share dealing for private investors. Created by Barry Jenkins and Brian Gould, JPJshare.com will charge from £4.75 per trade for those making more than 15 trades a month and £5.75 for less frequent users. [...]
Osborne promises affordable properties to cushion large social housing savings October 20, 2010 CHANCELLOR George Osborne said yesterday that 150,000 affordable homes will be built by 2015, in a bid to ease the housing shortage. The spending review also promised to make it simpler to get permission to build new homes. The plans are intended to support private sector growth to balance out cuts to the housing welfare [...]
Cheesegrater skyscraper to get go ahead October 25, 2010 British Land is teaming up with Canada’s Oxford Properties to develop the Leadenhall Building in the City financial district, the second crisis-hit skyscraper project to be revived within a week. Britain’s second-largest property company yesterday said it had agreed terms to build the 47-storey scheme in a 50:50 joint venture with the real estate arm [...]
ABB secures Baldor for $3.1bn cash November 30, 2010 HIGH-TECH engineering manufacturer ABB has agreed a $3.1bn (£2bn) bid for US industrial electric motor maker, Baldor Electric Company. ABB will pay $63.50 per share in cash for NYSE-listed Baldor, a 41 per cent premium to Baldor’s closing price on 29 November. The deal values the company at $4.2bn, including $1.1bn of net debt. The [...]