FUND MANAGEMENT NEWS September 14, 2010 GROSVENOR FUND’S £110M LLOYDS DEAL Grosvenor Fund Management UK announced earlier this week the completion of a new £110m debt facility with Lloyds TSB Corporate Markets for its £400m Grosvenor London Office Fund. The three-year deal replaces the existing facility with Lloyds Banking Group, which expires this month. The fund’s loan-to-value ratio is low at [...]
Opening gains likely as winning streak continues September 26, 2010 ANOTHER positive open is expected for UK shares this morning, following on from a fifth straight week of gains. GFT is quoting the FTSE 100 index to open up 10 points from Friday’s close, at a level of 5,608. The German DAX 40 is expected to open up 12 points at 6,310, and the French [...]
Appetite for ISAs boosts L&G sales 2pc May 5, 2010 HEAVY demand for ISAs and savings products helped Legal & General grow sales by two per cent in the first quarter, but analysts cautioned that volatile markets may curb investors’ resurgent appetite. The FTSE 100 insurer saw new business tick up to £388m in first quarter results that broke through analyst forecasts. Sales of retail [...]
Barratt September 8, 2010 WHETHER you deem Barratt a good buy depends on whether you are a bull or a bear on the housing market next year. For the bulls, there are plenty of positives: net debt has fallen £910m to £367m since last year, forward sales are up 22 per cent to £847m and crucially operating margin has [...]
Construction grows for the first time since 2008 April 6, 2010 CONSTRUCTION activity expanded for the first time in two years as housebuilding underpinned growth in the sector that was hardest-hit by the recession, a leading survey revealed yesterday. The CIPS/Markit purchasing managers’ index (PMI) for the UK construction sector in March rose to 53.1, a sharp improvement from February’s 48.5 and comfortably above the 50 [...]
High-end homes drop in price October 4, 2010 THE COUNTRY’S most expensive homes have shed 1.5 per cent of their value in the last 12 months, suggesting demand remains low even as supply starts to tail off, according to research out yesterday. The dip has likely been caused by high net worth individuals deciding not to move to the UK, while others are [...]
House prices drop for second month September 2, 2010 House prices fell for the second month in a row in August, according to the Nationwide building society. Prices dropped 0.9 per cent last month, following a 0.5 per cent fall decline in July. It is the first time that prices have fallen for two consecutive months since February 2009. The average UK house price [...]
House prices drop for second month September 2, 2010 House prices fell for the second month in a row in August, according to the Nationwide building society. Prices dropped 0.9 per cent last month, following a 0.5 per cent fall decline in July. It is the first time that prices have fallen for two consecutive months since February 2009. The average UK house price [...]
House prices in slim rise in August September 8, 2010 House prices rose 0.2 per cent in August mortgage lender Halifax has said. Prices rose 4.6 per cent up in the three months to August compared with a year ago and took the average price of a home to £167,953 – nine per cent above its low in April 2009 but still 16 per cent [...]
BETFAIR IN THREAT TO QUIT THE UK October 11, 2010 BETFAIR may quit the UK over a proposed tax increase and government inaction over offshore gambling websites, it emerged over the weekend. City A.M. understands the online bookmaker, which only last week confirmed it would go ahead with a planned £1.5bn flotation on the stock market, has drawn up a contingency plan that could see [...]