HOW ENCOURAGING ARE THE EARLY PROFIT FIGURES FROM KINGFISHER? September 8, 2009 NICK BUBB PALI INTERNATIONAL “Next year may well be a big disappointment to fans of the ‘V-shaped’ recovery in the UK, but Kingfisher has a proven track record, balance sheet and self-help programme. We think it’s safe to push up our target price from 250p to 270p, given further upgrade potential on B&Q.” MATTHEW MCEACHRAN [...]
HOW ENCOURAGING ARE THE EARLY PROFIT FIGURES FROM KINGFISHER? September 8, 2009 NICK BUBB PALI INTERNATIONAL “Next year may well be a big disappointment to fans of the ‘V-shaped’ recovery in the UK, but Kingfisher has a proven track record, balance sheet and self-help programme. We think it’s safe to push up our target price from 250p to 270p, given further upgrade potential on B&Q.” MATTHEW MCEACHRAN [...]
UK recession close to the end August 2, 2009 The UK recession is expected to end within just three months, but the outlook is still bleak for the Eurozone, whose economies can expect to remain in decline until 2010, according to figures from accountants BDO Stoy Hayward. The BDO Output Index, which measures short-run turnover expectations and order book strength, has seen the largest [...]
Phoenix Four await the verdict of 16m inquiry September 6, 2009 A REPORT into the collapse of MG Rover which has cost £16m and lasted four years will finally be published this week, with the activities of the so-called “Phoenix Four” set to be the focus of attention. Former Rover directors John Towers, John Edwards, Nick Stephenson and Peter Beale took over the carmaker for £10 [...]
CPAlawyers set for riches September 13, 2009 A GROUP of 230 lawyers who control legal outsourcing firm Computer Patent Annuities (CPA) are all set to be made millionaires, as the firm gears up for a stake sale to private equity. The firm, which offers intellectual property support services, is expected to sell at least a quarter of its equity in a transaction [...]
Brown admits need for cuts in spending… September 15, 2009 PRIME MINISTER Gordon Brown finally admitted yesterday that spending cuts would be necessary if the UK is to rein in its £175bn projected government deficit and put the country back on the path towards fiscal sustainability. In a speech to the Trades Union Congress (TUC) Brown said: “Labour will cut costs, cut inefficiencies, cut unnecessary [...]
PROPERTY FUND GURUS HEDGING THEIR BETS September 15, 2009 ISN’T IT astonishing to discover the lengths to which advisers will go to finesse their PR message? Yesterday, City A.M. ran a piece about the UK Strategic Income Property Fund. It will be managed by Coba Asset Management’s Graham Gould and BDO Stoy Hayward Investment Management, while advisers include industry veteran and former Slough Estates [...]
PROPERTY FUND GURUS HEDGING THEIR BETS September 15, 2009 ISN’T IT astonishing to discover the lengths to which advisers will go to finesse their PR message? Yesterday, City A.M. ran a piece about the UK Strategic Income Property Fund. It will be managed by Coba Asset Management’s Graham Gould and BDO Stoy Hayward Investment Management, while advisers include industry veteran and former Slough Estates [...]
Thornton’s new finance director July 27, 2009 Chocolate retailer Thorntons said yesterday that former Somerfield finance director Mark Robson is set to join Thorntons as successor to finance director John Wall. Wall informed the firm of his intention to step down from the board earlier this year. Robson, 46, began his career with BDO Stoy Hayward where he qualified as a Chartered [...]
Property guru to launch fund September 14, 2009 Property veteran and former Slough Estates chief executive Roger Carey is set to launch a new property fund to take advantage of bargain opportunities in the depressed real estate market. The UK Strategic Income Property Fund will be managed by Graham Gould from Cobra Asset Management and BDOStoy Hayward Investment Management, and will take advice [...]