Election and stock shortage to keep housing sales static December 13, 2009 HOUSE asking prices are likely to remain static in 2010 as post-election uncertainty and continued shortage of stock creates a challenging environment for the housing market, property website Rightmove will say today, as it reveals that asking prices fell for a second consecutive month in December. Rightmove expects December’s 2.2 per cent drop in prices [...]
F&C joins rebellion against Pru deal May 28, 2010 PRUDENTIAL investor F&C Asset Management has joined the rebellion against the insurer’s plans to buy AIA. The £100bn management house has told Prudential it will vote against the $35bn (£24.6bn) bid for AIG’s Asian arm at the crucial shareholder meeting on 7 June. In a statement F&C said it did not object to Prudential’s strategy [...]
F&C joins rebellion against Pru deal May 28, 2010 PRUDENTIAL investor F&C Asset Management has joined the rebellion against the insurer’s plans to buy AIA. The £100bn management house has told Prudential it will vote against the $35bn (£24.6bn) bid for AIG’s Asian arm at the crucial shareholder meeting on 7 June. In a statement F&C said it did not object to Prudential’s strategy [...]
TORIES: WE KNOW BP’S VALUE TO UK June 10, 2010 DAVID CAMERON, who is visiting troops in Afghanistan, asked chancellor George Osborne to phone BP chief executive Tony Hayward yesterday, amid concerns the government isn’t doing enough to counter Barack Obama’s increasingly vitriolic attacks on the embattled UK oil major. “I spoke on the phone to Tony Hayward today at the Prime Minister’s request. We [...]
55 PER CENT BEER BREWER GETS HAMMERED BY ANIMAL ACTIVISTS July 22, 2010 A DOLLOP of mirth for the City yesterday as it emerged that independent brewery BrewDog is up to its record-breaking tricks again. BrewDog, which has twice before held the record for the strongest beer in the world, yesterday unveiled its latest offering, a 55 per cent proof blond ale retailing at £500 a bottle, which [...]
55 PER CENT BEER BREWER GETS HAMMERED BY ANIMAL ACTIVISTS July 22, 2010 A DOLLOP of mirth for the City yesterday as it emerged that independent brewery BrewDog is up to its record-breaking tricks again. BrewDog, which has twice before held the record for the strongest beer in the world, yesterday unveiled its latest offering, a 55 per cent proof blond ale retailing at £500 a bottle, which [...]
Moving away from equities can pay May 4, 2010 THE markets may have recovered from the credit crunch, but the investment community is still trying to navigate a post-crisis world and reduce portfolio risk. New research by Towers Watson, the professional services firm, has found that although many pension funds and institutional investors still rely on equities to generate their returns, in reality a [...]
Keep it real in the Caribbean, just the place for sun, sand and security July 1, 2010 THE appeal of white sand, turquoise sea and a developed infrastructure all in one is too strong to be destroyed by an economic downturn, even this one. While prices sank by 20-25 per cent in two of the British Caribbean’s hottest spots, Barbados and St Lucia, the market has far from stalled. In fact, buyers [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 29, 2010 FINANCIAL TIMES M&A ACTIVITY LACKLUSTRE DESPITE STRENGTH IN EMERGING MARKETS Europe’s sovereign debt crisis and turbulent financing markets rattled the confidence of corporate dealmakers across the globe in the first half of the year to damp already lacklustre mergers and acquisition activity. The volume of deals worldwide rose 2.9 per cent to $828.9bn during the [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 29, 2010 FINANCIAL TIMES M&A ACTIVITY LACKLUSTRE DESPITE STRENGTH IN EMERGING MARKETS Europe’s sovereign debt crisis and turbulent financing markets rattled the confidence of corporate dealmakers across the globe in the first half of the year to damp already lacklustre mergers and acquisition activity. The volume of deals worldwide rose 2.9 per cent to $828.9bn during the [...]