Kazakhstan taps into investors to raise capital September 25, 2014 KAZAKHSTAN will return to the international bond markets after nearly 15 years to raise cash from investors. The central Asian country, known for its eye-catching capital Astana, has mandated Citigroup HSBC and JP Morgan to raise the cash from the international investment community, The three banks will hold a series of meetings throughout next week, [...]
The name’s bond …retail bond as Bollywood’s Eros goes for cash September 25, 2014 Bollywood film company Eros International yesterday announced plans to tap the retail bond market, the first media company to use the burgeoning asset type to raise cash. Eros, which makes about 70 films a year and has a library of a back catalogue of about 2,300 films, will raise the cash through a seven-year bond [...]
Tory conference aims to cash in on that Miliband deficit gaffe September 25, 2014 THE CONSERVATIVES will use their annual conference in Birmingham this week to play up the party’s economic credibility following a speech by Labour leader Ed Miliband in which he forgot to mention the deficit. Kicking off in Birmingham on Sunday, all eyes will be on key Tory figures including David Cameron, George Osborne and Theresa [...]
Bad news in the post hits Royal Mail September 25, 2014 SHARES in Royal Mail yesterday slipped below below 400p for the first time since its IPO last October. The shares bottomed out at 397.90p before closing on 400p, a fall of 3.47 per cent, after rival UK Mail issued a revenue warning because of a decline in parcel volumes. That’s a year-low for the stock, [...]
UK Mail revenue hit by fall in parcel volumes September 25, 2014 UK Mail Group yesterday forecast a one per cent drop in first-half reported revenue, blaming a decline in its mail business and weaker-than-expected parcel volumes. Revenue from mail business, which accounted for nearly half the company’s total revenue, was expected to fall by about six per cent in the six months ended 30 September, it [...]
Business hub London creates property boom September 25, 2014 PROPERTY FIRM of the year As London prices continue to rise, defying fears that the bubble is about to burst, property companies have seen a period of huge growth. Our shortlist, which was very tough to choose, includes companies such as the Berkeley Group and Workspace, which have seen their profits soar in the past [...]
Hammerson raises £400m to go shopping September 25, 2014 HAMMERSON said yesterday it had raised £400m through a share placing as it planned to ramp up its exposure to the Europe’s booming outlet sector. The FTSE 100 property giant sold its last office building this month as part of a strategy launched two years ago to focus solely on prime regional shopping centres, retail [...]
H&M all dressed up for autumn but long summer has hit sales September 25, 2014 Fashion retailer Hennes & Mauritz yesterday announced that its recent strong sales growth had slowed sharply this month as unusually warm weather delayed purchases of cold-weather gear. The Swedish company said sales in the 1-23 September period rose seven per cent, compared with a near-20 per cent increase in August, putting September on track to [...]
EU to bring in new laws on buy-to-rent September 25, 2014 THE EUROPEAN Union is to clamp down on buy-to-let home owners, insisting they will have to pass tough new affordability tests that could result in tens of thousands of people being denied loans, and others paying more for mortgages. A report in today’s Daily Telegraph says that new rules are being created after Europe insisted on changes [...]
Travelport value put at $2.1bn on market debut September 25, 2014 Shares in Travelport soared by as much as 10.6 per cent on debut yesterday, valuing the UK travel business backed by private equity group Blackstone at $2.13bn (£1.3bn). The company is benefiting from the recovery in business and leisure travel as the global economy improves. Travelport raised about $480m after its offering of 30m shares [...]