New bidder for Charter as sale talks heat up August 23, 2011 TAKEOVER target Charter International saw its shares bounce more than 18 per cent yesterday as it said it was in talks with a second potential bidder. Charter has rejected two offers from investment group Melrose, the highest valuing it at £1.4bn, as too low. But it said it had started talks with another bidder likely [...]
GOODMANS RAISES THE STEAKS IN MAYFAIR August 23, 2011 CONTINUING the theme of the boom in the City’s resurgent restaurant scene, as reported yesterday, The Capitalist hears steakhouse Goodmans is plotting not one but two launches for November. One is a traditional Goodmans restaurant on the South Quay at Canary Wharf to complement the City and Mayfair venues. The other marks a new direction [...]
UKCPT profit and net asset values slide August 23, 2011 UK COMMERCIAL Property Trust, the largest UK-focused trust of its kind, has announced a slight decline in its net asset value per share in the first half of 2011 to 76.9p, from 77p in the previous six months, as a slow economic recovery continued to take its toll. In its half-year results the trust said [...]
Hays says sorry after it revealed RBS pay figures August 23, 2011 RECRUITMENT agency Hays was forced to apologise to banking giant RBS yesterday after one of its staff mistakenly emailed out the rates it was paying its temporary staff. The email included the salaries of about 3,000 contract staff and was sent to about 800 RBS temps after the wrong attachment was inadvertently used, a source [...]
LONDON & STAMFORD SEALS £100M FINANCING August 23, 2011 London & Stamford, the property investor, said it has completed the £100m refinancing with Santander Corporate Banking and DekaBank against a number of its City of London office assets acquired over the past three years. The property company, which moved from London’s junior Alternative Investment Market to the main board last October, was set up [...]
Coulson paid by Murdoch while working for Tories August 23, 2011 THE spotlight yesterday fell back onto David Cameron’s relationship with Andy Coulson after it emerged the former News of the World editor failed to disclose regular severance payments from News Corp while advising the Tory leader. It is understood Coulson, who was arrested earlier this year on suspicion of being involved in phone hacking, received [...]
DMGT to net £106m from GLM unit sale August 23, 2011 Daily Mail publisher DMGT has agreed to sell its US-focused events business George Little Management (GLM) to private equity outfit Providence Equity Partners in a deal worth £106m. DMGT says it will receive £90m in cash, which it will use to reduce debt, and will take the remainder in the form of an interest-bearing note. [...]
Investors chance their ARM August 23, 2011 SHARES in chip designer ARM Holdings continued to creep up yesterday as investors eyed further consolidation in the technology sector. It has been buoyed by HP’s shock $10.2bn (£6.2bn) deal to buy UK software firm Autonomy. Intel, which has been out-manoeuvred by ARM in the mobile chip market, has been persistently linked to the firm. [...]
Chime profits jump by 15pc August 23, 2011 LORD Bell’s Chime Communications saw its shares slump more than five per cent yesterday despite its pre-tax profits surging 15 per cent. The PR outfit was boosted by strong growth in its sports marketing and advertising divisions. Bell, who is a former media adviser to Margaret Thatcher, expects 2012 to be a good year for [...]
Antofagasta ups dividend as profits rise August 23, 2011 CHILEAN copper miner Antofagasta doubled its half-year dividend yesterday after a 54 per cent jump in earnings, confident that strong demand in China and a pickup in Japan and the United States would help underpin volatile copper prices. Copper is down over 10 per cent this month, as investors grow uneasy about economic recovery prospects [...]
