Property guru to launch fund September 14, 2009 Property veteran and former Slough Estates chief executive Roger Carey is set to launch a new property fund to take advantage of bargain opportunities in the depressed real estate market. The UK Strategic Income Property Fund will be managed by Graham Gould from Cobra Asset Management and BDOStoy Hayward Investment Management, and will take advice [...]
CPAlawyers set for riches September 13, 2009 A GROUP of 230 lawyers who control legal outsourcing firm Computer Patent Annuities (CPA) are all set to be made millionaires, as the firm gears up for a stake sale to private equity. The firm, which offers intellectual property support services, is expected to sell at least a quarter of its equity in a transaction [...]
HOW ENCOURAGING ARE THE EARLY PROFIT FIGURES FROM KINGFISHER? September 8, 2009 NICK BUBB PALI INTERNATIONAL “Next year may well be a big disappointment to fans of the ‘V-shaped’ recovery in the UK, but Kingfisher has a proven track record, balance sheet and self-help programme. We think it’s safe to push up our target price from 250p to 270p, given further upgrade potential on B&Q.” MATTHEW MCEACHRAN [...]
HOW ENCOURAGING ARE THE EARLY PROFIT FIGURES FROM KINGFISHER? September 8, 2009 NICK BUBB PALI INTERNATIONAL “Next year may well be a big disappointment to fans of the ‘V-shaped’ recovery in the UK, but Kingfisher has a proven track record, balance sheet and self-help programme. We think it’s safe to push up our target price from 250p to 270p, given further upgrade potential on B&Q.” MATTHEW MCEACHRAN [...]
Quantitative easing and low interest rates to stay, says BDO Stoy Hayward September 6, 2009 THE 0.5 per cent basic rate of interest is here to stay until at least the end of 2010, while quantitative easing will also continue, accountancy firm BDO Stoy Hayward predicted yesterday. The company’s latest Business Trends report envisages a continuation of the Bank of England’s current monetary policy to counterbalance low inflation and the [...]
Phoenix Four await the verdict of 16m inquiry September 6, 2009 A REPORT into the collapse of MG Rover which has cost £16m and lasted four years will finally be published this week, with the activities of the so-called “Phoenix Four” set to be the focus of attention. Former Rover directors John Towers, John Edwards, Nick Stephenson and Peter Beale took over the carmaker for £10 [...]
Over 5,000 retailers to fail September 1, 2009 OVER 5,000 retailers are set to go out of business next year in further evidence of the embattled state of the high street. The retail sector has already suffered from a steep decline in consumer confidence and rising unemployment is set to batter the industry further, according to figures out yesterday by accountants and business [...]
M&A deals fall by 50 per cent August 5, 2009 Private equity and trade M&A activity declined for the sixth successive quarter with less than half the number of deals being completed in Q2 2009 compared to the same period in 2008, according to new research from accountants and business advisers BDO Stoy Hayward. But BDO’s indices have found that despite the fall in activity, [...]
UK recession close to the end August 2, 2009 The UK recession is expected to end within just three months, but the outlook is still bleak for the Eurozone, whose economies can expect to remain in decline until 2010, according to figures from accountants BDO Stoy Hayward. The BDO Output Index, which measures short-run turnover expectations and order book strength, has seen the largest [...]
ANALYST VIEWS: HAS BSKYB IMPRESSED THE MARKET WITH ITS FULL-YEAR RESULTS? July 30, 2009 RICHARD HUNTER HARGREAVES LANSDOWNBSkyB has again confounded its doubters by posting numbers which belie the current environment. The spectres of fierce competition and rising unemployment both drag on prospects, but Sky continues to deliver in a marketplace in which it has pre-eminent experience, and the share price performance has reflected this. PAUL RICHARDS NUMIS SECURITIESWe [...]