Hammerson plans more acquisitions February 21, 2011 REAL ESTATE owner Hammerson surprised the market with a 17.6 per cent rise in net asset value yesterday, lifted by a spike in its UK properties’ values. The retail-focused firm’s portfolio in the UK and France rose in value to £5.3bn in 2010, helping to lift net asset value per share to 495p. The company [...]
Lloyds must pay £500m in refunds February 21, 2011 BRITISH bank Lloyds will take a £500m provision after reaching a deal with the Financial Services Authority which will see it give partial refunds to 300,000 mortgage customers. Lloyds, the UK’s biggest retail bank, said it had reached a voluntary agreement with the FSA over initiating a customer review and contact programme with regard to [...]
BAHRAIN GP AXED February 21, 2011 PLANS for the 2011 season have been plunged into chaos after Bahrain pulled out of staging the curtain-raising grand prix less than three weeks before the race. The Gulf kingdom’s crown prince informed Formula One chief Bernie Ecclestone of his decision yesterday afternoon, bringing to an end days of speculation following civil unrest that last [...]
ANALYST VIEWS: HOW GOOD WERE HAMMERSON’S RESULTS? February 21, 2011 HARM MEIJER JP MORGAN CAZENOVE Hammerson’s full-year results were better than expected, a similar trend seen with peers, as assets with quality income continue to surprise to the upside, in line with one of our main investment themes. We remain ‘overweight’, given the continued strong demand for prime assets and its modest loan to value [...]
Der Hammer finally announces himself at Upton Park as Burnley are thrashed February 21, 2011 WEST HAM 5 VS BURNLEY 1 WEST HAM manager Avram Grant believes the return to fitness of Thomas Hitzlsperger could be the turning point in the club’s season. The Premier League strugglers cruised into the last eight of the FA Cup following an easy win over Burnely, with Hitzlsperger opening the scoring via a trademark [...]
Acas call CityJet to strike talks February 21, 2011 ACAS has called on airline CityJet to turn up for talks with union bosses in order to avoid further strikes at London City Airport. The industrial dispute service is mediating talks between the GMB union and Aviation Resources, an agency which employs staff on behalf of the airline. Staff are threatening to strike over pay [...]
Euro factory prices soar February 21, 2011 INFLATION across the Eurozone accelerated at a record pace this month, Markit’s latest purchasing managers’ index (PMI) revealed yesterday. Inflation was driven particularly by the manufacturing sector, from which output prices hit a series record high. Activity in the factory industry grew at its fastest rate since June 2000, reaching 59 in the index. And [...]
Large firms plan on jobs expansion February 21, 2011 BIG companies are more likely to offer new job opportunities than their smaller counterparts, according to research by Barclays Corporate, released yesterday. Firms with turnover in excess of £500m were the most positive, with 85 per cent looking to create new full time positions this year. However, less than half (41 per cent) of businesses [...]
Haskell eyes battle after war of words February 21, 2011 ENGLAND flanker James Haskell has hit back at France coach Marc Lievremont’s jibes, insisting they will not back down when Les Bleus visit Twickenham for a colossal RBS 6 Nations contest on Saturday. Lievremont lit the touchpaper ahead of a match already being billed as a championship decider by saying all the other five countries [...]
Morale hits record high in Germany February 21, 2011 GERMAN business confidence surprised observers by rising to another record high in February, the well regarded Ifo index showed yesterday. The measure of business climate in the Eurozone powerhouse upticked to 111.2, from 110.3 last month. It marked the ninth straight month of private sector pick up, and bodes well for German GDP. “After its [...]
