Grainger net asset value jumps as it focuses on the south east November 22, 2012 RESIDENTIAL landlord Grainger yesterday pledged to reduce its net debt to under £1bn over the next 12 months as it posted a strong set of full-year results. The FTSE 250 residential property owner-manager said net asset value increased 3.2 per cent to 223p for the year to 30 September, thanks to its focus on the [...]
Housebuilders welcome further funding boost to spur growth November 22, 2012 HOUSEBUILDERS and industry executives welcomed government plans yesterday to provide an extra £225m funding to help unblock a number of stalled schemes to deliver 48,600 new homes. Speaking at the National House-Building Council annual lunch deputy prime minister Nick Clegg warned that the UK has “been under-building for decades” with more than 100,000 homes needing [...]
E.ON loses its appeal against €38m EU seal tampering fine November 22, 2012 ENERGY group E.ON must pay a €38m (£30m) fine for breaking a seal on a door during a European Commission antitrust raid in 2006. E.ON yesterday lost its appeal against the penalty, which was imposed after a surprise inspection at the firm’s E.ON Energie offices in Munich. Because the probe took place over several days, [...]
Helical Bar chief Mike Slade: it is time to kick-start building November 22, 2012 HELICAL BAR chief executive Mike Slade gave an upbeat outlook on the property market yesterday and declared “it is time to start building” as the developer reported a solid rise in first half profits. The group reported a better-than-expected rise in net asset value per share, up 0.8 per cent to 252p, driven by £4.7m [...]
SEC gets glut of tip-offs from UK November 22, 2012 More than one in 10 tip-offs about corporate wrongdoing received by the US Securities and Exchange Commission came from overseas in the year to April, with British whistleblowers topping the list, said a global investigations firm yesterday. Nearly one in four of the 324 overseas tip-offs came from Britain, according to Kroll, with the promise [...]
Earnings lift at Jet2 parent November 22, 2012 Dart Group, the parent company of low-cost airline and holiday group Jet2, yesterday posted a 37 per cent rise in pre-tax profits to £57m for the six months to the end of September. The firm said a strong summer had driven a 31 per cent rise in turnover to £584.5m, though it warned that a [...]
Deloitte re-brands real estate unit November 22, 2012 Consultancy Deloitte is to drop the Drivers Jonas name from its real estate division as part of a restructuring which brings all its real estate units together under a single identity. From 21 January, its real estate advisory practice will be known as Deloitte Real Estate. The practice will have more than 700 real estate [...]
City to stop Benitez beginning Bridge reign with a bang November 22, 2012 CHELSEA vs MANCHESTER CITY Sunday 4.00pm ROMAN Abramovich’s revolving door just keeps on revolving. Before Rafael Benitez had even been confirmed as his ninth appointment since 2003 than speculation began on Pep Guardiola replacing him next summer. Only a major trophy is likely to see Benitez remain in the hottest of hot seats beyond May, [...]
Springboks to rub salt in England’s wounds November 22, 2012 ENGLAND vs SOUTH AFRICA Tomorrow 2.30pm STUART Lancaster is calling on his England side to show greater resolve in their clash with South Africa, after slipping to a 20-14 defeat to Australia. As the fixtures were drawn for this autumn international series it was quite apparent that each side England met would be stronger than [...]
Long Run too short for testing reappearance in Betfair Chase November 22, 2012 ALL eyes will be on Haydock tomorrow for the three-mile Betfair Chase (3.05pm), the first Grade One of the National Hunt season. As well as being a brilliant contest in its own right, with a prize fund of £200,000, it serves as a starting point for the top chasers on the road to the Cheltenham [...]
