Hammerson plans more acquisitions February 21, 2011 REAL ESTATE owner Hammerson surprised the market with a 17.6 per cent rise in net asset value yesterday, lifted by a spike in its UK properties’ values. The retail-focused firm’s portfolio in the UK and France rose in value to £5.3bn in 2010, helping to lift net asset value per share to 495p. The company [...]
Brian Brick breathes new life into outfitter February 7, 2011 BRIAN Brick is in the middle of a turnaround plan to restore Moss Bros to health after the ailing 88-year-old retailer lost its way. His reputation in the clothing industry is that of an effective, low-key retailer with an eye for detail. The scale of his task was shown by a pre-tax loss of £3m [...]
FTSE dips as banks come under pressure February 8, 2011 The FTSE 100 dipped this morning despite strong results from Xstrata and BG Group. The index has gained in four out of the last five trading sessions – regularly surpassing the 6,000 barrier, but banking stocks were among the poorest performers today. Commodities dipped as the price of copper came down after a record high [...]
WHAT THE OTHER PAPERS SAY THIS MORNING May 10, 2011 FINANCIAL TIMES PACE OF UK GROWTH UNDER THREAT Britain’s economy is unlikely to grow as fast as before the financial crisis because its most productive sectors have been hardest hit, jeopardising government plans to cut the deficit. A Financial Times analysis of the sectorial performance of the economy before and after the crash highlights how [...]
WHAT THE OTHER PAPERS SAY THIS MORNING May 10, 2011 FINANCIAL TIMES PACE OF UK GROWTH UNDER THREAT Britain’s economy is unlikely to grow as fast as before the financial crisis because its most productive sectors have been hardest hit, jeopardising government plans to cut the deficit. A Financial Times analysis of the sectorial performance of the economy before and after the crash highlights how [...]
NEWS FROM THE BOUTIQUES May 5, 2011 ROLEX COMES TO ONE HYDE PARK It’s got a slew of the most expensive properties ever sold in world, and now One Hyde Park, the Candy & Candy development in Knightsbridge where one flat is said to have gone for £136m, has also recently the home of Rolex’s biggest London showroom. Owned and managed by [...]
Horta-Osorio speeds-up Lloyds sale plans on day one March 1, 2011 THE NEW chief executive of Lloyds is stepping up plans to sell more than 600 branches operated by the state-backed lender. António Horta-Osório, the former head of Spanish bank Santander’s UK operations, took his place at the helm yesterday. His tenure began with a bang, as the bank revealed it would push ahead with plans [...]
JLT sees soft rates ending March 1, 2011 INSURANCE broker Jardine Lloyd Thompson (JLT) pushed into emerging Asian and Latin American markets to deliver double-digit profit growth in 2010, it said yesterday. JLT beat market expectations with underlying pre-tax profit growth of 24 per cent, to £130.1m from £104.8m in 2009. Underlying earnings per share rose 20 per cent to 40.5p from 33.8p [...]
Business has won already March 8, 2011 That much of the debate over the Olympics has focused on what happens to its venues after 2012 speaks volumes for the efficiency with which the games have so far been organised. Instead of the endless speculation of whether venue X or Y will be ready on time that is normal territory in the months [...]
ACWHAT THE OTHER PAPERS SAY THIS MORNING March 3, 2011 FINANCIAL TIMES HEDGE FUNDS HEAD FOR MALTA TO ESCAPE REGULATION Some of London’s biggest hedge fund managers are shifting their operations to Malta in response to both the rising costs of business and the growing regulatory burden in the UK. The Mediterranean island is emerging alongside traditional rivals to London, such as Swiss towns Geneva [...]