How the Queen of support services wants to turn UK companies green January 6, 2010 GOING GREEN may not be the most original of strategies but that doesn’t make it any less lucrative. So Mitie Ruby McGregor-Smith’s decision to bet the future of her support services giant on cashing in on the trend for all things environmental has gone down well with investors. The FTSE 250 company is still busy [...]
Stocks in London rise on end of US recession and miners October 29, 2009 BETTER-than-expected economic growth from the United States and gains in banks and miners pushed Britain’s leading share index 1.1 percent higher yesterday. The FTSE 100 closed up 57.30 points at 5,137.72, reversing earlier losses, as US data signalled the country had come out of recession. The index has gained 49 per cent since hitting a [...]
CDBcreates investment arm September 1, 2009 China Development Bank (CDB) yesterday said it had set up a $5.1bn (£3.1bn) investment arm to focus on private equity deals. CDB, which has a three per cent holding in Barclays, said the unit would provide funding for infrastructure firms, energy and resources ventures and urban projects. It is hoped that the unit will help [...]
FTSEgiven boost by strong gains in energy and mining October 19, 2009 Britain’s top shares added 1.8 per cent yesterday, lifted by gains in miners and energy issues as commodity prices rose on an improved demand outlook and investors looked towards further earnings news from the United States. The FTSE 100 ended 91.30 points higher at 5,281.54, a new peak for 2009 on the 22nd anniversary of [...]
FTSEgiven boost by strong gains in energy and mining October 19, 2009 Britain’s top shares added 1.8 per cent yesterday, lifted by gains in miners and energy issues as commodity prices rose on an improved demand outlook and investors looked towards further earnings news from the United States. The FTSE 100 ended 91.30 points higher at 5,281.54, a new peak for 2009 on the 22nd anniversary of [...]
Bid battle set to hike rents September 29, 2009 A BIDDING war has broken out between Australian bank Macquarie and fund manager Blackrock for new City development Drapers Gardens in a move experts predict will hike prices across the City. Both firms are on the hunt for a 250,000 sq ft office to re-house staff. But following a number of stalled construction projects in the [...]
Shareholders back cash call at Ladbrokes October 26, 2009 BOOKMAKER Ladbrokes yesterday announced its shareholders have agreed to buy more than 95 per cent of the shares offered in its underwritten £275m cash call. Ladbrokes, which runs 2,700 betting shops, unveiled a surprise rights issue earlier this month to pay down debt after revealing revenue had dived by 15 per cent in its third [...]
WHAT THE OTHER PAPER SAY THIS MORNING November 15, 2009 THE SUNDAYSThe Sunday TelegraphUK FACES MAJOR OBSTACLES IN BID TO BE A LOW-CARBON LEADERThe UK risks missing out on its slice of the £4.5 trillion low-carbon industry, the manufacturers’ trade body has warned. The EEF said the country faces major obstacles to becoming a leading centre for so-called “cleantech” products and services, “most notably question [...]
Bankers and miners lead the way past the 5,100 mark September 16, 2009 The FTSE 100 hit its highest closing level in a year yesterday, led by banks and miners and spurred by appetite for risky assets as optimism about the pace of global economic recovery intensified. The index closed up 82 points, or 1.6 per cent higher, at 5,124.13 – the highest close since late September last [...]
Bankers and miners lead the way past the 5,100 mark September 16, 2009 The FTSE 100 hit its highest closing level in a year yesterday, led by banks and miners and spurred by appetite for risky assets as optimism about the pace of global economic recovery intensified. The index closed up 82 points, or 1.6 per cent higher, at 5,124.13 – the highest close since late September last [...]