Funds buy up UK property August 10, 2009 PROPERTY fund managers are storming back into the UK market, believing the correction has now ended and bricks and mortar assets are looking cheap. Managers believe the collapse of the property bubble has created a wealth of investment opportunities, with Henderson’s Herald fund and F&C’s Commercial Property Trust both diving back in to the UK [...]
In troubled times, traders look to flexible tools to maximise profits August 5, 2009 MARKET volatility during the financial crisis has meant that many investors have dived for cover and taken their money out of the markets. But that’s not the case for everybody. What is stormy weather for some is exciting for others, and those who like to plunge into volatility have been looking at the wide range [...]
Quantitative easing: time for a break August 5, 2009 IT IS A CASE of two steps forwards, one step backwards for the UK economy. Today’s good news was that house prices are stabilising, with a strong survey from the Halifax; we also had a great purchasing managers index for services, suggesting that crucial sector is growing once more. But there is also plenty of worrying [...]
CITY MOVES WHO’S SWITCHING JOBS August 4, 2009 Ernst & YoungErnst & Young is expanding its London and Bermuda business with the promotion of three staff. The insurance practice has admitted Richard Battersby and Jeff Soar as partners and promoted Andy Worth to director. Battersby will become the transactions advisory partner, Soar (pictured) will be providing tax services to Lloyd’s and London market [...]
JD Sports tackles Canterbury August 4, 2009 Rugby shirt maker Canterbury has been sold to sportswear retailer JD Sports Fashion in a £6.5m deal, brokered by KPMG. JD sports has bought the key trading assets and global rights to the brand, which sponsors the London Wasps rugby union team.
Newfound appetite for stocks does not mean a bull rally August 2, 2009 INVESTORS are regaining their appetite for equities in the wake of generally positive second quarter earnings results, according to a fund managers’ survey conducted last week by financial information company Thomson Reuters. As a percentage of a typical balanced portfolio, equities were at their highest since the end of August last year, just a couple [...]
WHAT THE OTHER PAPERS SAY THIS MORNING August 2, 2009 THE SUNDAYSThe Sunday TelegraphDSG CHAIR ABANDONS CRYSTAL BALLThe outgoing chairman of DSG International, the Currys owner, has described the reduction in the retailer’s market size as “painful” and admitted he failed to see the downturn coming. Sir John Collins said he told John Browett, the electrical retailer’s chief executive, not to worry about the prospect [...]
Waitrose flexes its muscle in John Lewis online tie-up deal August 2, 2009 WAITROSE, the upmarket grocer, yesterday announced it plans to sell kitchen and homeware products online in a commercial tie-up with John Lewis, in the hope it can pinch market share from rival retailers. Under the deal Waitrose will sell thousands of its own and John Lewis’s products online from 4 August, placing more pressure on [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 30, 2009 FINANCIAL TIMES VW BRACED FOR “ZERO GROWTH” IN CAR MARKETVolkswagen warned yesterday that it could face flat sales in 2010 as Europe’s largest carmaker reported a sharp profit drop in the second quarter. The third-biggest carmaker behind General Motors and Toyota said it expected “zero growth” in the car market next year. PRIVATE EQUITY SUFFERED [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 29, 2009 FINANCIAL TIMES CATTLES’ NON-EXECS WIN TEPID SUPPORTLong-suffering investors in cattles, whose shares have been suspended since April, protested yesterday against the re-election of two non-executive directors at the subprime lender’s annual meeting. About a tenth of investors voted against the re-election of David Haxby, senior independent director who has been with the board since 1999, [...]