This crisis shows what lies in wait for the rest of the City July 14, 2008 While Dawnay Day is no household name, the crisis that has engulfed the privately-owned investment giant in recent days will be remembered as a key milestone in the credit crunch. A perfect microcosm of the unravelling of the great financial boom of the noughties, Dawnay’s woes are being followed especially closely by London’s huge Mayfair-based [...]
Could now be the moment to enter the dragon? August 8, 2008 As the Olympics begin, China has never been more intriguing, says Samantha Downes It was once a region where only the least risk-averse would fear to tread, but China has emerged as a magnet for investors’ cash. In the last decade the communist-run country has emerged as the world’s second largest economy. Its willingness to [...]
Investment matchmaking: a new industry that is beating the crunch July 21, 2008 It is boom time for Gerson Lehrman, now backed by private equity giant Silver Lake, says Roger Baird Business is great for Gerson Lehrman Group (GLG), the investment matchmaking service, to the delight of the managing director of its British division, Paul Ciraolo. New York-based GLG was set up in 1998; it is part of [...]
UK industry is modern, high-tech and a good bet for savvy investors July 25, 2008 Funds and ETFs can help get you exposure to an area that promises to flourish, writes Phil Thornton Barely a day goes by without a new portent of doom and gloom for some part of the UK economy, whether for financials, retailers or housebuilding. But one sector may offer a glimmer of hope during a [...]
Avoid the equities wipe out by riding the fast-moving forex wave July 28, 2008 By spread betting currencies you can avoid the boom and bust bedevilling other markets, says Katie Hope Global currency trading has burst into popularity in recent times as investors try to profit from exchange rate fluctuations. The rapid moves of currency exchange rates are what attracts investors to the market. It’s fast-moving and exciting area. [...]
Dalgleish set to pocket £20m from CBRE deal October 31, 2005 Malcolm Dalgleish is not yet as wealthy as Philip Green, but he has just become almost £20m richer. In property circles Dalgleish is known as Green’s right-hand man, and he has just sold his business for around £30m to the world’s largest real estate advisory firm. He stands to make up to £20m from the [...]
Theft costs shopkeepers £2.13bn October 19, 2005 Shoplifting and violence against shop workers reached new heights last year as store chiefs picked up a £2.13bn bill for retail crime. According to the British Retail Consortium’s annual crime survey, customer theft alone cost the retail sector £589m, a staggering 44 per cent increase from 2003. The value of losses blamed on staff also [...]
Record profit warnings October 21, 2005 The number of British companies issuing profit warnings in September surged to a four-year record due to difficult market and trading conditions. According to research by Ernst & Young, 103 firms listed on the London Stock Exchange issued a warning in the three months to 30 September. This represents a rise of 39 per cent [...]
BAA jobs to go despite profit rise November 2, 2005 Airports operator BAA said it will axe 700 jobs, almost 6 per cent of its workforce, despite posting a 5 per cent increase in half-year pre-tax profits. The business, which operates seven of Britain’s airports, posted pre-tax profit up 5.2 per cent to £366m, on sharply increased sales, up 6.4 per cent, of £1.2bn. It [...]
On top of the world October 21, 2005 Retail may be struggling, but Philip Green has just taken a £1bn dividend. Is he embarrassed? Not much. Displaying the timing for which he has become famous, retail entrepreneur Philip Green paid himself a whopping £1.2bn dividend from his retail chain Arcadia. At a time when retailers nationwide are struggling, Arcadia announced a 10.1 per [...]