Great Portland sees value jump January 31, 2013 Great Portland Estates, the West End focused property developer, said the value of its portfolio rose 1.4 per cent excluding acquisitions and disposals in the third quarter as it saw an increased level of demand for its retail assets. Net asset value per share for the period was 430p at 31 December 2012, up 11.4 [...]
LondonMetric makes first buy January 31, 2013 LondonMetric Property has snapped up six retail warehouses for £92.4m, its first acquisition since the company was created through the merger of London & Stamford Property and Metric Property Investments this month. The retail parks, all near London, are 98 per cent let to tenants including B&Q and Halfords, it said yesterday.
Small cap stars celebrate with the dinosaurs January 31, 2013 WEDNESDAY night’s ninth annual Quoted Company Awards, this year held at the Natural History Museum, was a considerably more cheerful affair than in recent years, thanks to celebrity impressionist Rory Bremner. Winners included Lupus Capital’s Martin Towers for non-executive director of the year, Snoozebox Holdings for IPO of the year, Entertainment One’s purchase of Alliance [...]
Sail away: Floating interactive artwork lights up Canary Wharf January 31, 2013 OFFICE workers with a window seat in Canary Wharf can amuse themselves, until 15 February, with interactive art installation The Voyage. The 300 illuminated boats that comprise the piece can be seen floating in the Wharf’s Middle Dock; and any bored bankers can change the colours and patterns of the lights from their mobile phones. [...]
Lonmin output bounces back after hard year January 31, 2013 SHARES in platinum miner Lonmin soared yesterday as it showed signs of shrugging off its troubles at Marikana last year. The world’s third-largest platinum miner said yesterday that production in the first quarter had “substantially exceeded” the planned ramp-up to full platinum output. Lonmin said it mined 2.7m tonnes over the year from the Marikana [...]
Demand for air travel to lose altitude January 31, 2013 DEMAND for global air travel will slow again this year, but freight markets will recover from a decline in 2012, the International Air Transport Association (IATA) said yesterday. Passenger traffic grew 5.3 per cent last year, IATA said in its annual update.
Lamprell advances debt talks January 31, 2013 Rig maker Lamprell has made good progress in discussions with its lenders over the refinancing of its debt, it said yesterday. The Middle East-focused firm also reiterated its previous loss guidance and said the working capital situation “continues to be healthy”.
Kazakhmys copper output drops January 31, 2013 Copper miner Kazakhmys said yesterday full-year copper cathode output fell two per cent on lower grades. The Kazakhstan-based company produced 292,200 tonnes of copper cathode from its own concentrate, down from 298,500 tonnes a year earlier.
Vedanta oil and gas output jumps January 31, 2013 Oil and gas production jumped 21 per cent over 2012 for India-focused Vedanta, the firm said yesterday. Group earnings were 31 per cent higher last year than in 2011, helped by a strong performance from its Indian oil and gas unit Cairn India.
SSE forecasts rise in profits January 31, 2013 Energy firm SSE yesterday said its full-year profits could be up to five per cent higher, adding that it was on course to deliver an increase in the dividend. The energy giant, which hiked prices last year, also said it lost more than 100,000 UK customers over the nine months to December.