Ashley to sell naming rights after taking Toon off market October 27, 2009 NEWCASTLE owner Mike Ashley last night officially took the club off the market and appointed caretaker boss Chris Hughton as the team’s permanent manager. The announcement brought to an end months of extreme uncertainty, triggered by the club’s relegation from the Premier League in May and Ashley’s subsequent decision to put them up for sale. [...]
Government housing data provides further cause for market optimism June 9, 2009 THE DEPARTMENT of Communities and Local Government (DCLG) was yesterday the latest to announce improving data for the UK housing market. Between March and April there was a rise of 1.1 per cent in the prices index of properties bought, putting the price of an average UK house at £189,215, compared to £187,193 a month [...]
WHAT THE OTHER PAPERS SAY THIS MORNING November 18, 2009 FINANCIAL TIMES LLOYDS OFFLOADS MALL FOR £300MHammerson, the UK real estate investment trust, has emerged as the preferred buyer of a £300m shopping mall near Glasgow being sold by Lloyds Banking Group after the original owner defaulted on the loan. The UK commercial property market has seen few sales by the larger lending banks, in [...]
BG looks to a bright future despite losses October 28, 2009 BG GROUP, the oil and gas major, said yesterday that profits had tumbled on the back of an energy price slump, but maintained the outlook for the immediate future was bright. Profits at the group, which had pleased investors with a string of recent discoveries in Brazil, fell to £838m, including one-time items, for the [...]
WHAT THE OTHER PAPERS SAY THIS MORNING November 4, 2009 THE FINANCIAL TIMES OPEL U-TURN LEAVES GERMANY ANGRYGermany and Russia reacted furiously to General Motors’ surprise decision to keep Opel rather than sell it, throwing up fresh uncertainty about the future direction of one of Europe’s biggest carmakers. The news that GM’s board had abandoned the sale of Opel/Vauxhall to Canada’s Magna and Russia’s Sberbank [...]
Private equity shows signs of recovery next year September 30, 2009 AS WE move into the fourth quarter, prospects for private equity look promising as capital markets and the economy stabilise. But, as firms turn their attention to strategy for 2010, is it too early to be talking about a full-scale revival in the industry next year? One man thinks not. Bob Henry at small buyout [...]
Prem goal fest means punters who buy goals keep winning November 8, 2009 A FEW weeks ago, there was a story kicking about that the high street bookies were suffering because of the low number of draws that we have seen in the premier league so far this season. The high number of goals meant that there were fewer nils-nils and one-alls, and far more edge-of-the-seat, high-scoring thrillers. [...]
WHAT THE OTHER PAPER SAY THIS MORNING November 8, 2009 THE SUNDAYSThe Sunday TelegraphBAE HIRES PINOCHET LAWYER FOR SFO FIGHTBAE Systems has instructed General Pinochet’s former QC to handle its defence if the Serious Fraud Office (SFO) is successful in persuading the Attorney General to proceed with a fraud prosecution against the arms manufacturer. GOVERNMENT PLANS FAST-TRACK NUCLEAR EXPANSIONThe government is set to hand an [...]
Regeneration is taking off in the Olympic quarters June 25, 2009 STRATFORD has long been one of those London areas that is supposedly on the verge of gentrification. The coming of the DLR, then the Jubilee Line, were meant to turn it into an up-and-coming area attractive to thrusting young professionals. It never quite happened. But last week, two things took place which mean that Stratford [...]
WHAT THE OTHER PAPERS SAY THIS MORNING May 20, 2009 FINANCIAL TIMESCANNES HIT BY CUTBACKS AND CAUTIONThere are still outward signs of glamour on the Croisette in Cannes, but economic reality has gripped the film market at this year’s 62nd film festival. Some of the biggest parties have been cancelled and, for the first time in years, it is easy to get a hotel room. [...]