Grosvenor hit by £500m fall in its portfolio April 15, 2010 THE value of the Duke of Westminster’s property portfolio slumped by £500m last year, following plummeting housing prices during the recession. His property group, Grosvenor, which is renowned for its ownership of palatial properties in Belgravia and Mayfair, saw the value of its estate tumble to £5.22bn from £6.17bn in 2008. The group reported a [...]
Surrey line up Lara return April 15, 2010 SURREY are lining up an audacious bid to lure West Indian batting legend Brian Lara out of retirement to play Twenty20 cricket this summer. Lara, 40, has been netting with the county at The Oval this week and is currently locked talks with Surrey director of cricket, Chris Adams, and chief executive Paul Sheldon over [...]
ING UK REIT agrees offer for Rugby REIT April 15, 2010 ING UK Real Estate Income Trust (REIT), led by chairman Nick Thompson, yesterday agreed an offer for Rugby Estates Investment Trust (Rugby REIT), The cash offered for Rugby REIT of 63p per share is a significant improvement on the 41p offered by Laxey Partners in November last year which failed to secure shareholder support. Philip [...]
Rooney and Cesc eyeing elite April 15, 2010 WAYNE ROONEY is hot favourite to join a select band of players honoured at this year’s Professional Footballers’ Association awards. The Manchester United striker, 24, has been rewarded for his 34 goals this season by being nominated for both the PFA Player and Young Player of the Year Awards. Arsenal captain Cesc Fabregas, 22, is [...]
UK to bounce but Eurozone GDP subdued April 15, 2010 STRONGER growth in the world economy, the assumption of a Conservative victory at the general election and a greater response to a weak pound will boost growth in the UK economy by more than previously thought, the Centre for Economics and Business Research (CEBR) will say today in its quarterly forecast. The consultancy now predicts [...]
ECB warns of global imbalance April 15, 2010 THE SOVEREIGN debt problems engulfing countries like Greece may represent the next chapter in the financial crisis, European Central Bank (ECB) executive board member Juergen Stark warned yesterday. Eurozone governments have been forced to step in and provide promises of financial aid for Greece after market fears erupted on worries it could default on its [...]
Chelsea raise ticket prices April 15, 2010 CHELSEA have raised ticket prices for next season, in a move that goes against the grain of their major rivals. The hike, averaging around four per cent, ends four years of price freezes at Stamford Bridge and is borne out of an acceptance that they must increase matchday revenue if they want to achieve their [...]
China’s meteoric growth fuels debate over policy April 15, 2010 CHINA saw strong year-on-year growth in the first quarter of 11.9 per cent, prompting renewed calls for tighter policies to prevent the world’s third-largest economy from bubbling over. The rate of expansion was flattered by a low base of comparison a year earlier, when the economy was reeling from the global financial crisis. The figures, [...]
CITY VIEWS: WHAT DO YOU THINK ARE THE RISKS, IF ANY, TO CHINA’S SOARING ECONOMIC GROWTH? April 15, 2010 DUNCAN JUDD | MEDITATION “I really don’t think there are any great risks. But we’ll have to see how China continues to develop, and if there is enough manpower and financial backing to develop resources. It’s up to individuals to see that the Chinese economy continues to grow.” ALAN SAUNDERS | RBS “You have to [...]
SPORT | IN BRIEF April 15, 2010 Seymour Pierce warn Blues FOOTBALL: Investment bank Seymour Pierce has threatened to sell Birmingham City unless owner Carson Yeung pays a £2.2m fee. Seymour Pierce sued the club back in March to recover the fee it claimed it was owed for its role in Yeung’s takeover. Yeung plans to appeal against the decision. Nadal cruises [...]
