Southern Cross hit by talk of UK government bailout April 11, 2011 SHARES in troubled healthcare group Southern Cross fell more than 13 per cent to 9.65p in trading yesterday, after reports that it was seeking short-term financial support from the UK government. The company, which provides care homes across the UK, is believed to be planning to meet with its landlords tomorrow to renegotiate leases as [...]
London house prices record another jump April 11, 2011 HOUSE prices in London have increased for the second straight month, as the capital continues to defy the housing market slump afflicting the rest of the UK. In London a positive balance of 21 per cent of chartered surveyors reported rising house prices in March, the Royal Institution of Chartered Surveyors (RICS) revealed today. In [...]
Gold and silver rise to reach new highs April 11, 2011 PRECIOUS metals gold and silver hit fresh peaks against the US dollar yesterday. Gold surpassed $1,476 (£903) an ounce to reach an all-time high, yet later dropped as some investors took profits. Silver rose as high as $41.32 an ounce, its strongest level since 1981. “Both are in a bull market,” said Bullion Vault’s Adrian [...]
World economic recovery set to continue but UK remains sluggish April 11, 2011 GLOBAL economic growth perspectives are strengthening and the UK is heading for “a slow but stable pace of expansion”, a report from the Organisation for Economic Co-operation and Development (OECD) showed yesterday. The OECD’s research continues to point to sustainable expansion, with Germany and the US leading the trend. The French and Canadian economies could [...]
French industry edges forwards April 11, 2011 French industrial production in February increased 0.4 per cent month-on-month, slightly below forecasts of a 0.5 per cent growth. The ease was due to declines in construction and mining, data from statistics office INSEE showed yesterday.
Italian industry springs back April 11, 2011 Italian industrial production bounced back in February, increasing by 1.4 per cent month-on-month, data from statistics office ISTAT showed yesterday. Production was down 1.7 per cent in January.
Price pressures down in Norway April 11, 2011 Inflation in Norway dropped to one per cent in March, down from 1.2 per cent in February, data showed yesterday
Hochtief chief exec quits as profit halves April 11, 2011 GERMANY’S largest construction company Hochtief said its chief executive Herbert Luetkestratkoetter would step down as of 12 May, and will be replaced by fellow board member Frank Stieler. The company said his departure was “by mutual agreement on the basis of a separation agreement” sealed on Sunday. It did not give further details. Luetkestratkoetter’s departure [...]
Pinewood gains on bid rumour April 11, 2011 SHARES in Pinewood Shepperton yesterday climbed over the initial takeover offer of 190p per share by majority shareholder Peel Holdings, rising 9p to close at 194.5p . The higher share price follows yesterday’s prediction by a source close to the deal that Peel will be forced to pay between 220p and 225p per share to [...]
MEET THE ADVISER April 11, 2011 BRONSON ALBERY JP MORGAN CAZENOVE BRONSON Albery, director at JP Morgan Cazenove, is leading a team from the investment bank as the sole banking adviser on the deal. Albery, who studied at the London Business School, is a real estate specialist who has been familiar with Pinewood Shepperton for a number of years, having advised [...]
