Capital Shopping shuns acquisitions in move to make more cash from malls February 23, 2011 CAPITAL Shopping Centres (CSC), the UK’s largest mall owner, will squeeze organic revenue and profit growth from its portfolio of prime assets in 2011, ahead of chasing more blue-chip mall acquisitions. Chief executive David Fischel said yesterday CSC’s main focus this year was to drive growth in like-for-like rental income, and enhance and extend existing [...]
Capital & Counties mulls Earls court joint venture February 23, 2011 DEVELOPER Capital & Counties said yesterday it is mulling a joint venture for its proposed multi-billion pound redevelopment of Earls Court in London, and has received interest from a number of parties. The developer said in a statement that a joint venture (JV) for the 8,000-home development, one of the largest new residential projects in [...]
CITY MOVES | WHO’S SWITCHING JOBS February 23, 2011 Smith & Williamson The law firm has appointed a new head of its City-based restructuring and recovery team. Anthony Spicer will take up the role in the firm’s Moorgate office. He is a chartered accountant and licensed insolvency practitioner. He has specialised in turnaround and resturucturing since 1989, on both the lending and company side, [...]
BEST OF THE BROKERS February 23, 2011 BODYCOTE S&P Equity Research revised its target price from 255p to 320p before the company’s results today. Analysts Andrew Douglas and Pzremslaw Nowak will be looking at volumes growth and operational improvements in today’s update. “We expect management to be reasonably upbeat in respect of the outlook, but also highlight the usual lack of visibility across [...]
FTSE 100 sinks again over fears of Middle East unrest February 23, 2011 POLITICAL turmoil in Libya and the threat of contagion across the Middle East and North Africa sent Britain’s leading shares lower yesterday, testing seven-month technical support levels. The FTSE 100 index was 73.23 points, or 1.2 per cent, lower at 5,923.53, extending its declines to more than 2.5 per cent on the week. London’s blue [...]
US stocks drop on volatile oil prices February 23, 2011 US stocks dropped for a second straight session yesterday as Libya’s violence sent oil prices up briefly to $100 (£61.69) a barrel and tech shares sank, adding credence to calls for a market correction. The Dow Jones industrial average fell 107.01 points, or 0.88 per cent, at 12,105.78. The Standard & Poor’s 500 Index lost [...]
NO DIRTY NAPPIES, I’M OFF TO THE MATCH February 23, 2011 HIGH-profile dads have been dominating the newsstands recently, with David Cameron introducing baby Florence to the press (right) and father-of-three Nick Clegg proposing changes to the UK’s paternity leave rules. Hot on the heels of the trend, Prospect magazine has today published an article on the struggle to achieve a work-dad balance, with some fascinating [...]
Choppier waters sailed in quest for high returns February 23, 2011 WITH the UK equity income sector underperforming over recent times, equity funds have struggled to attract the same interest as fixed income funds. However, with the base rate so low, investors are increasingly leaving the safe waters of bond based fixed income funds in favour of the choppier waters of equity income funds, lured by [...]
Six things to check before setting up the family’s financial safety net February 23, 2011 PERSONAL insurance premiums are set to rise this year, as the market vies to boost profitability. That was the prediction last week from Axa, after it unveiled a drop in 2010 underlying earnings to £131m from £235m in 2009. So what better time to make sure you’re covered? While hunting down a competitive deal is [...]
PERSONAL FINANCE NEWS February 23, 2011 YOUNG FEMALE DRIVERS WILL PAY MORE The EU gender directive ruling, which is expected on 1 March this year, will decide whether or not it is legal for insurers to charge different premiums based on gender. Under the current rules, young female drivers pay less for their insurance than young men, based on the fact [...]
