Liberum wins another broking mandate after employee raid October 9, 2013 LIBERUM, the investment bank and research house, has won its second new broking client in the wake of its hiring of 14 people from Espirito Santo in July. Workspace, the office rental group focused on new and growing companies, said yesterday it had appointed Liberum as its broker alongside Investec, the South African bank. The [...]
Centamin’s Egyptian mine is on course to beat output forecasts October 9, 2013 EGYPTIAN gold producer Centamin said yesterday that production dipped in the third quarter of the year, but it expects to beat its full-year output forecasts. The firm produced more than 84,700 ounces of gold at its Sukari mine in the three months to the end of September, down from 93,600 in the previous quarter but [...]
Explosives suspension lifted at Fresnillo mine but two still shut October 9, 2013 SHARES in miner Fresnillo remained flat yesterday despite the group’s announcement that a temporary suspension on explosive use at its Noche Buena mine has been lifted. The Mexico-focused firm said the country’s Ministry of Defence had reversed a court ordered suspension of its explosive permits following a dispute over land boundaries. Operations have already restarted [...]
LaSalle buys London Bridge site October 9, 2013 LaSalle Investment Management has bought Two London Bridge on the south bank from a private client of its property advisory arm Jones Lang LaSalle for £33m. The 51,977 square feet building is let to eight tenants and has a passing rent of £42 per sq ft. LaSalle director Gary Player said: “This is a rare [...]
Redrow to revamp Peel Centre October 9, 2013 Housebuilder Redrow has been picked by the government as preferred bidder to regenerate the police training centre near Brent Cross, as part of a deal to build more than 1,600 homes on the site. The Mayor’s Office for Policing And Crime said yesterday it will replace the tired Peel Centre with a new “world-class” police [...]
NewRiver attracts more tenants October 9, 2013 Retail property owner NewRiver Retail said its rent-roll and occupancy had increased in the period from 1 July to 30 September across its schemes. The group, which owns shopping centres including Regent Court in Leamington Spa and Newlands Shopping Centre in Essex said it completed 23 new leases reflecting an extra rental income of £946,000 [...]
City Moves for 10 October 2013 | Who’s switching jobs October 9, 2013 WraggeThe law firm has recruited David Fennell as managing partner. He specialises in projects and private finance initiatives, and has led the firm’s projects team for the past six years. Fennell joined Wragge in 1996 from Herbert Smith. Alvarez & MarsalThe professional services firm has hired two managing directors to its global forensic and disputes services [...]
Best of the Brokers for 10 October 2013 October 9, 2013 To appear in Best of the Brokers, email your research to notes@cityam.com CREST NICHOLSON Goldman Sachs has started covering the housebuilder with a “buy” rating and a 530p target, as it lifts its forecasts for the entire industry. While GS thinks Rightmove, Persimmon and Talyor Wimpey are the best plays on the UK housing recovery, [...]
London Report: US budget fight pulls down FTSE for another day October 9, 2013 THE UK’S top equity benchmark equity index edged down to a three-month low yesterday as a lack of progress in resolving the US budget stalemate hit the stock market. Although many investors still expect US politicians to reach a deal eventually over the country’s budget and debt ceiling, they see little progress for equity markets [...]
New York Report: Choice of Yellen as new Fed boss boosts Wall St October 9, 2013 US stocks climbed yesterday to recovering from some of the day’s earlier losses, and the year’s high-performing technology stocks fell, as investors anticipated the nomination of Janet Yellen as US central bank chairman and as a political standoff continued in Washington. The stalemate in Washington and expectations of Yellen’s nomination as Federal Reserve chief made [...]
