FOCUS ON: COLCHESTER, ESSEX June 11, 2009 FARTHINGS, GREAT HORKESLEY, CO6 4EQPrice: £1.25mThis imposing 1930s country house is just five miles north of Colchester, which is just under an hour from Liverpool Street. The accommodation is split over three floors and there are five bedrooms. From the first floor landing is a conservatory, leading out to a covered balcony. The drawing room [...]
Jazzing up your outdoor space for summer June 11, 2009 WITH the weather forecast to stay fine over the summer, your garden is going to come into its own. If you’re lucky enough to have your own outdoor space, you owe it to the rest of us to make it as comfortable and stylish as possible. Here are a few objects that would bring light [...]
High Speed 1 will make Kent even more commutable June 11, 2009 THE Garden of England has always been an attractive location for commuters looking for fresh air and plenty of green countryside. Towns such as Tonbridge and Sevenoaks have long been classic commuter towns for those working in the City, but other parts of Kent have been out of reach for those who work in London. [...]
BEST OF THE BROKERS June 10, 2009 CLOSE BROTHERSUBS analysts initiated coverage on Close Brothers with a “hold” rating and 700p target price, saying that the new management’s strategy should increase shareholder value over the next three years. However, the broker says the group faces near-term challenges including rising bad debt and lower stock market levels. PEARSONReports that California Governor Arnold Schwarzenegger [...]
Sweden takes loan from ECB June 10, 2009 SWEDEN’S central bank said yesterday it would take a €3bn (£2.6bn) loan from the European Central Bank (ECB) to ensure financial stability, despite an earlier statement from the country’s regulator that its banks could survive a severe recession. The Riksbank is taking the loan to give it breathing space while it builds up foreign currency [...]
Phorm raises 15m in funds June 10, 2009 ONLINE advertising company Phorm said yesterday it raised around £15m through a placing with institutional investors. The group, which has drawn criticism from the Government and European Commission over data privacy, said it had raised the money with a 450p per share placing to expand its services and for general working capital purposes. “I am [...]
Rising US debt yields sparks market fears June 10, 2009 US MARKETS were fearing recent cheer may be premature last night after an auction of benchmark 10-year Treasury notes triggered a bout of selling that sent spreads widening to levels last seen in October last year. The widening yields led to concerns that the cost of servicing government debt could hamper a recovery. This came [...]
Odey and GLG among hedge fund winners June 10, 2009 WINNERS are emerging from the hedge fund sector’s dramatic comeback in May, with groups like Odey and GLG now trumpeting net gains as high as 35 per cent this year so far. Hedge fund managers are saying investments in banks and emerging markets paid off last month, while recent research claimed May saw the vehicles [...]
Rock appeal gathers pace June 10, 2009 INVESTORS in nationalised lender Northern Rock yesterday launched a legal bid to overturn a High Court decision which they claim will leave them with “derisory” compensation. Institutional investors RAB Capital, SRM Global and a collective of private shareholders numbering more than 200,000, who are backed by the UK Shareholders Association, say the government’s compensation scheme [...]
Wolseley back in the FTSE 100 June 10, 2009 FTSE Group said yesterday that heating and plumbing distributor Wolseley, global private equity firm 3i Group and the London Stock Exchange Group will be joining the FTSE 100. In the rebalance, Drax Group, Whitbread and Amlin will all leave the UK’s blue chip benchmark. The changes to the indices take place following FTSE’s UK Index [...]
