US retail figures support FTSE gains led by banking and commodity stocks November 15, 2010 A rise in commodity shares and banks hauled the leading share index higher yesterday, with better than expected US retail sales numbers also helping, providing a boost to global recovery hopes. At the close the FTSE 100 was up 23.54 points, or 0.4 per cent at 5,820.41, nearer the session peak of 5,832.88 than the [...]
WHAT THE OTHER PAPERS SAY THIS MORNING November 22, 2010 FINANCIAL TIMES GENEVA SET TO TRUMP LONDON IN OIL TRADING Geneva will leave London behind and become the world’s most important trading hub for physical energy commodities, including oil, as leading companies relocate dozens of traders to Switzerland, according to industry executives. The transfers threaten the UK capital’s leadership in physical crude and oil products [...]
WHAT THE OTHER PAPERS SAY THIS MORNING November 22, 2010 FINANCIAL TIMES GENEVA SET TO TRUMP LONDON IN OIL TRADING Geneva will leave London behind and become the world’s most important trading hub for physical energy commodities, including oil, as leading companies relocate dozens of traders to Switzerland, according to industry executives. The transfers threaten the UK capital’s leadership in physical crude and oil products [...]
Banks propel FTSE upwards after interest rates decision December 9, 2010 BANKS helped Britain’s top shares rise yesterday after the Bank of England kept interest rates and quantitative easing measures unchanged, while US jobs figures raised hopes that a recovery was under way. The FTSE 100 was up 13.43 points, or 0.2 per cent, at 5,807.96, eradicating Wednesday’s losses, though gains were muted, with some traders [...]
London &?Stamford sells Aintree shopping centre October 4, 2010 PROPERTY investor London & Stamford completed the £101m sale of its shopping centre near Aintree racecourse yesterday. The firm, which last week listed on the London Stock Exchange and turned into a more tax-efficient real estate investment trust (REIT), sold the Liverpool mall to the Crown Estate, the royal family’s land portfolio. The Guernsey-based company [...]
When unusual dinners turn into business ideas October 21, 2010 WHO on earth is born with Mexican restaurant chain abilities in their DNA?” asks Eric Partaker. He and Dan Houghton decided to make it part of theirs when they launched the Mexican restaurant chain Chilango. Neither are Mexican or had run a restaurant before. But they found they made a good team when working at [...]
When unusual dinners turn into business ideas October 21, 2010 WHO on earth is born with Mexican restaurant chain abilities in their DNA?” asks Eric Partaker. He and Dan Houghton decided to make it part of theirs when they launched the Mexican restaurant chain Chilango. Neither are Mexican or had run a restaurant before. But they found they made a good team when working at [...]
Standard gets 98.5 per cent rights backing November 7, 2010 STANDARD Chartered said investors representing 98.5 per cent of its shares signed up for its $5.3bn(£3.3bn) rights issue, which will boost the Asia-focused bank’s capital ahead of tougher global rules. Standard Chartered yesterday said it had received valid acceptances in respect of 256.7m shares offered to shareholders. Bookrunners will sell the shares not taken up, [...]
Wal-Mart set to offer $4bn for Massmart September 27, 2010 WAL-MART is in talks to buy South Africa’s Massmart, in a $4bn (£2.52bn) deal that would give the US retailer a big presence in fast-growing Africa and boost its emerging markets strategy. Wal-Mart has made a non-binding proposal of 148 rand (£13) per Massmart share, valuing it at around 30 billion rand (£2.7bn), a premium [...]
What the other papers say this morning December 22, 2010 FINANCIAL TIMES PATTEN TOPS LIST TO CHAIR BBC TRUST Six people are on the shortlist to be the next chairman of the BBC Trust, according to two insiders who have seen the document. Lord Patten, former Conservative party chairman and the last governor of Hong Kong, is clear favourite. But Sir Howard Davies, director of [...]