Shop owners to give nod to Blacks deal November 22, 2009 LANDLORDS are expected to today accept a proposal by embattled retailer Blacks Leisure that will allow it to exit leases on 89 stores in a bid to turn around its business. Landlords, both independent and the listed real estate companies like British Land and Land Securities , are said to be “spitting blood” that they [...]
ITV and M&S bosses can add long-term value November 22, 2009 Last week two of the UK’s biggest companies named new leaders. The appointments added hundreds of millions of pounds to the value of the businesses. But how much long-term value can a new boss add? Consider the pedigree of the men in question; both undoubtedly impressive. Marks & Spencer snared Marc Bolland as its new [...]
Wealth manager targets family offices November 22, 2009 WEALTH management firm Spencer-Churchill Miller Private (SCM Private) , run by star fund manager Alan Miller, plans to target family offices, expecting them to outsource more of their investment management. Meetings are arranged with ten family offices, with collective assets of around £15bn, and further London presentations are planned in the first quarter of 2010. [...]
CITY MOVES WHO’S SWITCHING JOBS November 22, 2009 Legal & General PropertyThe property investment group has hired Simon Russian as senior fund manager of retail development.Russian was previously head of retail and development director at Wilson Bowden Developments, which he joined in 1995. In his new role, he will be responsible for strategically managing the firm’s retail development projects and working with the [...]
BEST OF THE BROKERS November 22, 2009 ARK THERAPEUTICSKBC Peel Hunt has reduced its target price for Ark Therapeutics from 20p to 15p, and repeated its “sell” recommendation. Non-payment of fees lost the pharmaceutical company a licence from Circadian Technologies, and Peel Hunt believes arbitration could take 12 months. Concerns also linger over a brain cancer treatment. RANK GROUPPanmure Gordon has repeated [...]
Win suggests punters should buy England one-day runs November 22, 2009 A SEVEN-WICKET win is a great way for England to start the tour of South Africa, but what does it mean for spread betters? For many, the Test series is of course still the main event, but there are some bets around for punters who can’t wait. Perhaps the tastiest are the bets on the [...]
Fickle spread betters value edge over loyalty November 22, 2009 ZZZSPREAD BETTING has been in the UK for more than a decade now and it has been growing rapidly in popularity among the private investor community. But just who is your typical spread better, why do they use spread betting and what exactly do they think of all the providers battling it out for market [...]
TAKING A VIEW Trading Outlook November 22, 2009 J&65279;ANE FOLEY R&65279;ESEARCH DIRECTOR, FOREX.COMTHE Bank of England’s forecast that the economy will be growing at 4.1 per cent in 2011 is a nice thought, but nobody really believes it. A survey by Bloomberg points to a consensus expectation of just 1.90 per cent in 2011 following a moderate 1.1 per cent upturn in 2010. [...]
THE TIPSTER CHRISTMAS WILL BE KEY FOR TED BAKER November 22, 2009 DESIGNER retail brand Ted Baker indicated that business has been good in recent interims as consumers reacted positively to its current collections. It has seen an 18 per cent drop in profits this year, but sales were up 19.8 per cent from this time last year. Ray Kelvin, its CEO, expects it to weather the [...]
MARKET REPORT November 22, 2009 Kicking off markets for the week, as Asia takes a holiday today – and ahead of the US Thanksgiving break on Thursday – the dollar in New Zealand dropped and Australia’s changed little after both posted their first weekly decline in November so far, as stock market losses hit demand for higher-yielding assets. Both the [...]
