London house asking prices turn positive July 19, 2009 AVERAGE asking prices for properties in London are higher now than they were a year ago, while the yearly decline for England and Wales was trimmed to 3.1 per cent, according to property website Rightmove. Rightmove figures show that the average asking price for a UK house rose by 0.6 per cent in July on [...]
THE TIPSTER NEW SHARES PLACING LIFTS SAINSBURY’S July 19, 2009 PHARMACEUTICAL company GlaxoSmithKline will report its second quarter results on Wednesday and so far this year the stock has only risen 11 per cent since its March low of around £10, whereas the FTSE 100 has rallied some 24 per cent. Wednesday’s figures might give the drug maker the boost it so badly needs. Capital [...]
THE TIPSTER NEW SHARES PLACING LIFTS SAINSBURY’S July 19, 2009 PHARMACEUTICAL company GlaxoSmithKline will report its second quarter results on Wednesday and so far this year the stock has only risen 11 per cent since its March low of around £10, whereas the FTSE 100 has rallied some 24 per cent. Wednesday’s figures might give the drug maker the boost it so badly needs. Capital [...]
Miners, banks and oil groups emerge as stars of the index July 14, 2009 LONDON’S top share index closed up 0.9 per cent yesterday, led by miners, banks and oil producers as impressive corporate data from the United States outweighed mixed economic figures. The FTSE ended 35.55 points higher at 4,237.68, extending Monday’s 1.8 per cent gains. The index has risen more than 23 per cent since hitting a [...]
business to suffer as posties vote to walk out this friday July 14, 2009 THOUSANDS of postal workers are set to strike on Friday, bringing chaos to businesses across London, as a row over jobs, pay and modernisation at Royal Mail intensifies. Over 12,000 members will stage a 24-hour walk-out on Friday, the Communication Workers’ Union (CWU) said yesterday, accusing Royal Mail of cutting wages and jobs without discussing [...]
House prices boosted by fall in stock July 13, 2009 THERE were more definitive signs yesterday that the UK housing market is beginning to recover, according to June data from the Royal Institute of Chartered Surveyors (RICS). The seasonally-adjusted balance of surveyors reporting falling rather than rising prices improved to -18.1 in June from -43.8 in May, the highest reading since September 2007. Housing market [...]
CITY MOVES WHO’S SWITCHING JOBS July 13, 2009 RBC Capital MarketsRBC Capital Markets, the corporate and investment banking arm of Royal Bank of Canada, yesterday announced the appointment of Dr John Roberts as non-executive chairman of Royal Bank of Canada Europe Ltd (RBCEL), the main European subsidiary of RBC, headquartered in London. Roberts has been with RBC since September 2005, when he joined [...]
The food was lovely, it was just a shame about everything else July 13, 2009 MURANO20 QUEEN STREET,LONDON, W1J 5PRT: 020 7592 1222murano@gordonramsay.comFOOD SERVICE ATMOSPHERE Cost per person without wine: £25 (set menu) WHEN Murano opened in 2008 it was greeted with trumpets and fanfare. It was the latest in Gordon Ramsay’s empire, and the food was by Angela Hartnett, one of the few women at the top of the [...]
CITY MOVES Who’s switching jobs July 7, 2009 Palamon Capital PartnersThe mid-market private equity firm has appointed Dr Richard Wolman to its now 13-strong board of advisers. Wolman is a consultant in human resource development with a particular focus on investment firms, trading houses and management consultancies. Since 2008, he has been working with Palamon on internal development strategies and assisting its investment [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 5, 2009 THE SUNDAYSThe Sunday TelegraphPRU ENSURES CHANGES TO CAZENOVE RESEARCHJP Morgan Cazenove has rewritten a piece of research about Prudential that initially made a string of adverse comments about the insurer’s accounting procedures. The research note is understood to have made disparaging remarks about reporting decisions taken by Tidjane Thiam, set to take over as chief [...]