Land Securities in record sale June 17, 2010 PROPERTY developer Land Securities yesterday set a record for the sale of an undeveloped chunk of land in London, forward-selling a retail, office and residential development on Oxford Street to the Qataris. Barwa Real Estate, in which Qatar’s sovereign wealth fund is the biggest shareholder, agreed to stump up a total of £250m for the [...]
Fairfield Energy plans to raise up to £350m in a London stock market float June 17, 2010 FAIRFIELD Energy, a North Sea oil exploration company, yesterday said it is going ahead with a stock market listing on the London Stock Exchange that could raise around £350m. The listing could value the group at around £750m and put it in the FTSE 250 index. Fairfield has not yet decided on the proportion of [...]
Poulter makes promising start at US Open June 17, 2010 ENGLAND’S Ian Poulter has a first Major title in his sights after bagging a share of the clubhouse lead on day one of the US Open. Poulter was among a clutch of early pace-setters who shot one-under-par rounds of 70 at Pebble Beach in California yesterday. Joining him were Canada’s Mike Weir and South Korea’s [...]
ALSO OUT THIS WEEKEND June 17, 2010 FILM WILD TARGET Brit comedy thriller with Bill Nighy and Emily Blunt. PLEASE GIVE Charming indie drama starring Rebecca Hall. TRASH HUMPERS Hipster provocateur Harmony Korine’s latest effort. DVD INVICTUS Morgan Freeman is Nelson Mandela in Clint Eastwood’s rugby flick. CRAZY HEART Jeff Bridges wins an Oscar as a burnt-out country musician. EDGE OF DARKNESS [...]
ANALYST VIEWS: IS IAN SHEPHERD A GOOD FIT FOR GAME GROUP? June 17, 2010 SIMON DAVIES | COLLINS STEWART “Game is in pretty choppy waters at present without a firm hand on the tiller. Given the evolution of the video games market over the next couple of years, the firm could benefit from someone with a background in technology and retail, so Shepherd does seem to fit the bill.” [...]
Arsenal to kick off at Liverpool June 17, 2010 CHAMPIONS Chelsea have been handed a gentle start to their Premier League title defence, but London rivals Arsenal will begin their campaign with a daunting trip to Liverpool. The Blues’ tricky run-in includes the visit of Tottenham and a trip to Manchester United and they finish with an away clash at Everton. Arsenal also face [...]
Collins Stewart buys wealth firm June 17, 2010 Stockbroker Collins Stewart yesterday struck a deal to buy independent wealth manager Andersen Charnley and its subsidiary Andersen Charnley Investment Management for an initial £5m cash-and-stock consideration. Collins Stewart will pay £3.5m in cash and the remainder in its shares, in addition to up to £2m in cash and shares 12 months after the completion [...]
Ashtead sees its profits plunge June 17, 2010 Equipment-hire company Ashtead Group posted a 95 per cent fall in full-year profit yesterday as construction markets remained weak, but insisted that the worst was over. For the year ended 30 April, Ashtead reported a pre-tax profit of £5m, before items, compared with £87.4m a year ago, and in the range of analyst expectations. Revenue [...]
Wa-Mu postpones key hearing June 17, 2010 Bankrupt Washington Mutual postponed a key hearing yesterday, which the company’s attorney said would allow more time to discuss with shareholders changes to its planned reorganisation. The company, whose bankruptcy stems from the biggest bank failure in US history, said the hearing on the company’s disclosure statement and shareholders’ request for an independent examiner would [...]
UK car output up 50pc in May June 17, 2010 UK car production surged 54 per cent last month, compared to May 2009, signalling an underlying stability in the car industry. Figures from the Society of Motor Manufacturers and Traders (SMMT) showed that 104,365 cars were produced last month, marking a sharp upturn from the same time last year when companies like Honda temporarily suspended [...]
