Q&A: SALES June 11, 2009 Camilla DellMANAGING DIRECTOR AT BLACK BRICK Q. Dear Camilla, there has ben a lot of talk recently about property prices starting to rise. Is this true, and should I be thinking of buying? A. These things are never straightforward. When you look back at housing data and statistics from the last property market crash, there [...]
Lending for home loans rises in April June 2, 2009 MORTGAGE approvals for house purchase rose in April for the third consecutive month, according to data released yesterday by the Bank of England, providing further evidence that housing market activity was recovering. But approvals remained at a level that suggests further house price falls are still ahead. The Bank of England said that the number [...]
ANGLO SAYS NO TO XSTRATA MERGER June 22, 2009 ANGLO AMERICAN, led by chief executuve Cynthia Carroll, snubbed rival miner Xstrata’s takeover approach last night, calling its rival’s terms “totally unacceptable”. Anglo said Xstrata’s £40bn plus merger proposal was “unattractive” and would hurt its interests in the platinum, iron ore and diamond markets. Xstrata has strong coal and copper interests. Anglo added that its [...]
ANGLO SAYS NO TO XSTRATA MERGER June 22, 2009 ANGLO AMERICAN, led by chief executuve Cynthia Carroll, snubbed rival miner Xstrata’s takeover approach last night, calling its rival’s terms “totally unacceptable”. Anglo said Xstrata’s £40bn plus merger proposal was “unattractive” and would hurt its interests in the platinum, iron ore and diamond markets. Xstrata has strong coal and copper interests. Anglo added that its [...]
Q&A: SALES May 21, 2009 Q. Dear Russell, I’ve put an offer in on a property that I really like but so has another party. The vendor has said that he wants to do a contract race in order to decide. What does that mean?A. A contract race is very much first-past-the-post – basically the first party to have read [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 28, 2009 THE SUNDAYSThe Sunday TelegraphCAMELOT LAUNCHES CONSULTANCYCamelot, the national lottery group, has launched a consultancy business to lotteries globally and is close to winning its first piece of business advising the California operator. Camelot Global Services, an independent company, is expected to be appointed as a consultant to the California State Lottery and advise the US [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 28, 2009 THE SUNDAYSThe Sunday TelegraphCAMELOT LAUNCHES CONSULTANCYCamelot, the national lottery group, has launched a consultancy business to lotteries globally and is close to winning its first piece of business advising the California operator. Camelot Global Services, an independent company, is expected to be appointed as a consultant to the California State Lottery and advise the US [...]
Ashley wallet suffers due to relegation May 25, 2009 SPORTS Direct owner Mike Ashley’s fortune looks set for another battering after the football club he owns, Newcastle United, was relegated from the Premier League. Ashley’s club stands to lose at least £30m a season from a drop in TV revenue which will wipe millions off the value of the struggling north east outfit, in [...]
Q&A: BUYING May 14, 2009 Q. Dear Camilla, I’m looking to buy a property but have we reached the bottom of the market or do prices have further to fall? A. Prices have fallen between 15 and 20 percent since the peak of the market, which was March 2008 for London. At the beginning of this year most analysts were [...]
The post-trade space is facing a revolution following Mifid June 17, 2009 IN THE fast and exciting world of trading it is all too easy to overlook the importance of the necessary but rather administrative post-trade activities, of which clearing and settlement are the most important. But these play a vital role in the functioning of the European securities markets. And the European clearing and settlement space [...]