BATTERSEA REDEVELOPMENT GETS OKAY December 22, 2010 MAYOR of London Boris Johnson gave the go-ahead yesterday for the redevelopment of Battersea Power Station and its surrounding area. The new scheme is part of a wider £5.5bn development that involves an extension to the Northern Line and the construction of thousands of homes, plus retail and office space. The proposal will now go [...]
BATTERSEA REDEVELOPMENT GETS OKAY December 22, 2010 MAYOR of London Boris Johnson gave the go-ahead yesterday for the redevelopment of Battersea Power Station and its surrounding area. The new scheme is part of a wider £5.5bn development that involves an extension to the Northern Line and the construction of thousands of homes, plus retail and office space. The proposal will now go [...]
JD in talks to buy troubled retailer JJB February 2, 2011 JD Sports is in talks to buy troubled retailer JJB Sports, sending shares in the Wigan-based firm soaring 17 per cent. The news comes as JJB confirmed it will raise £31.5m from shareholders through the placement of 630m new shares, with sources close to the firm warning it may need further help within weeks. The [...]
What the other papers say this morning February 16, 2011 FINANCIAL TIMES OAKTREE RETURNS INVESTOR’S CASH Oaktree Capital’s distressed investment fund has returned $3bn of the $10bn it raised from investors, reflecting its difficulties in finding opportunities as the economy improves, people familiar with the matter say. The fund, run by Bruce Karsh, was among the most aggressive buyers of distressed debt after the failure [...]
What the other papers say this morning February 16, 2011 FINANCIAL TIMES OAKTREE RETURNS INVESTOR’S CASH Oaktree Capital’s distressed investment fund has returned $3bn of the $10bn it raised from investors, reflecting its difficulties in finding opportunities as the economy improves, people familiar with the matter say. The fund, run by Bruce Karsh, was among the most aggressive buyers of distressed debt after the failure [...]
London seventh cheapest city in Europe, survey says December 5, 2010 LONDON has seen price increases across a number of consumer goods, according to a survey released yesterday. The cost of books, coffee, condoms and digital cameras rocketed between 2009 and this year, said Price Runner, a shopping comparison website. In 2007 the UK’s capital was the second most expensive city in the world, but a [...]
What the other papers say this morning January 30, 2011 FINANCIAL TIMES BANKS WATCH BARCLAYS’ COCO PLANS Big banks on both sides of the Atlantic are weighing whether to follow Barclays as it pushes ahead with a plan to pay bonuses with innovative bonds, dubbed cocos. According to several banks present at last week’s World Economic Forum in Davos, the idea of using contingent convertible [...]
Uncertainty hinders euro performance February 15, 2011 DISAPPOINTING US retail sales figures announced yesterday lunchtime failed to produce the increased yields on US Treasuries anticipated by traders, with the news allowing the euro to reach an early afternoon high of $1.3551. Combined with strong euro demand from Asia and the Middle East, the common currency stabilised itself against the dollar, rising 0.14 [...]
Uncertainty hinders euro performance February 15, 2011 DISAPPOINTING US retail sales figures announced yesterday lunchtime failed to produce the increased yields on US Treasuries anticipated by traders, with the news allowing the euro to reach an early afternoon high of $1.3551. Combined with strong euro demand from Asia and the Middle East, the common currency stabilised itself against the dollar, rising 0.14 [...]
Don’t blindly follow the herds into the big cap funds March 2, 2011 DESPITE large-cap funds having underperformed against their small to mid-cap alternatives in recent years (see chart), figures would suggest that this year could see large-cap funds turn the tables. “We have certainly seen a lot more interest in equities, away from bonds and gilts,” said Andy Simpson at Schroders Asset Management, “though not as attractive [...]