I recreated all my favourite TV tropes, from crawling through pipes to being two kids in a trenchcoat
Turmoil hits Aberdeen’s fund flows January 19, 2012 INVESTORS pulled a net £2.8bn from Aberdeen Asset Management in the final three months of last year as fears mounted over the Eurozone crisis. Shares in the Granite City firm slipped 1.65 per cent to 226.1p yesterday after it said withdrawals had quickened since the £1.7bn reported in the third quarter. But Aberdeen is not [...]
Upbeat St James’s plans news funds January 19, 2012 ST JAMES’S Place, the genteel wealth manager which has soared above the turmoil of the sector, plans to capitalise on its success by launching three funds. SJP, which is known for its affluent client base, said Pimco will run a multi-asset fund, Invesco a global equity income fund and BlackRock an index-linked gilt fund to [...]
Fat lady sings for William Tell January 19, 2012 HEDGE fund Tell Investments is pulling down the shutters on 15 years of trading after three years of disappointing performance. The fund, which has offices in Switzerland, London and Malta, is closing its two principal funds — the William and the Tell — and has started returning €600m (£500m) to investors. The third fund, the [...]
Hedgies stage mini-recovery January 19, 2012 AN upturn in performance in the final quarter helped the beleaguered hedge fund industry take total capital invested above $2 trillion (£1.29 trillion) at the end of last year, new research says. Assets under management recovered to $2.01 trillion at 31 December, up two per cent from the end of the third quarter, according to [...]
CANDY BROTHERS SEEK ENLIGHTENMENT WITH SERENE NEW TENANTS January 19, 2012 THE BEST things come to those who wait – and this week the Candy brothers have finally revealed two new tenants for their One Hyde Park development. About time for the block of super-apartments that has secured just three full-time residents one year after launch. Except – unfortunately for the Knightsbridge complex that has been [...]
Primark helps AB Foods lift its revenues January 19, 2012 DISCOUNT fashion chain Primark hailed strong sales during the festive period, helping its parent company Associated British Foods (ABF) post a rise in first quarter revenue. The FTSE 100 company, which also owns brands including Silver Spoon sugar and Twinings tea, said a 16 per cent growth in sales at Primark helped boost group revenues [...]
ANALYST VIEWS: IS ASSOCIATED BRITISH FOODS ON TRACK? January 19, 2012 GRAHAM JONES | PANMURE GORDON Associated British Food is our top large-cap pick for 2012, and believe this statement supports our thesis of strong earnings per share growth this year, albeit second-half weighted. We strongly reiterate our “buy” recommendation. MARTIN DEBOO | INVESTEC This felt like a decent quarter to us, with Primark and Sugars [...]
ASOS BOUNCES BACK AS IT POSTS STRONG DECEMBER TAKINGS January 19, 2012 ASOS, the online fashion retailer, kicked the retail gloom to report a 46 per cent rise in sales in the third quarter boosted by rapid growth overseas and a solid performance in its domestic market. UK sales growth bounced back to 10 per cent in the second quarter from one per cent in the previous [...]
Online sales last year hit £50bn mark January 19, 2012 ONLINE retail sales in the UK surged by 14 per cent last year to more than £50bn, as consumer appetite for shopping online continues impact the high street, new research shows. The report, commissioned by price comparison site Kelkoo, reveals that online shoppers spent an average of just under £1,500 each on 39 items last [...]
Mulberry ups forecasts as festive rise in turnover boosts share price January 19, 2012 LUXURY fashion brand Mulberry raised its annual profit forecast yesterday, after it enjoyed a 41 per cent rise in festive sales during the six weeks to 14 January. Like for like sales were up 35 per cent over the same period and wholesale orders for its spring/summer line were up 35 per cent on last [...]
