YES, RECOVERY WILL BE LONG AND HARD June 28, 2009 JANE FOLEYRESEARCH DIRECTOR, FOREX.COM HAVING rallied between March and early June on the expectation that the global economic downturn could be in the process of bottoming, the market is displaying a reluctance to extend risk. The reason is clear – economic data may have improved, but they are not yet sufficiently strong to confirm that [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 1, 2009 FINANCIAL TIMES CANDOVER FACES RUN-OFF IF BUYER CANNOT BE FOUNDCandover faces a crucial month as the ailing private equity group pushes to raise capital and cut costs before a key test of its debt covenants on 30 June. The group needs cash urgently and is considering a range of options, including an outright takeover, selling [...]
HBOS City advisers rights issue storm July 22, 2008 Investment bankers at Morgan Stanley and Dresdner Kleinwort will have breathed a collective sign of relief yesterday when they managed to find buyers for 29 per cent of the HBOS rights issue rump. The whole experience has been an unnerving one for the bank and its advisers, left holding billions of pounds worth of HBOS [...]
House prices to stay static October 19, 2005 John Watson, chief executive of Bellway, the housebuilder, yesterday dampened expectations of a significant increase in house prices between now and next summer. Commenting as the company delivered otherwise impressive annual results, he said: “My feeling is that it is right to assume nil house price inflation in our next financial year, which is to [...]
A good call for O2 buyer November 1, 2005 It was just a matter of time before someone made a move on the British company, so Telefonica’s offer for O2 was no big shock. But there’s still time for other rivals to muscle in on the act, says Ben Griffiths. Since splitting off from BT four years ago, O2 has persistently found itself unable [...]
House price drop cannot be hidden October 24, 2005 Annual house price inflation was 1.8 per cent according to the latest analysis by the Nationwide Building Society. That is the lowest figure since May 1996, but it is still an exaggeration. Prices rose by 1.8 per cent in the six months to last April — but they have not risen at all in the [...]