PROPERTY NEWS November 4, 2010 FINCHLEY ROAD’S NEW LUXURY DEVELOPMENT Albany Homes International has unveiled West Heath Place, which is a luxury collection of two, three and four-bedroom apartments as well as penthouses and a cottage on Finchley Road. Prices start from £795,000 for a two-bed apartment. Call 020 8201 8780 for appointments to visit the show home. FOXTONS OPENS [...]
Ireland plans €6bn budget cuts for 2011 November 4, 2010 IRELAND is planning to push through spending cuts and tax hikes totalling €6bn (£5.2bn) next year, the toughest budget in the country’s history, in a last-ditch effort to convince investors it is not on the verge of financial meltdown. With Irish borrowing costs breaching record highs every day this week, finance minister Brian Lenihan is [...]
Cove Energy to raise £110m November 4, 2010 COVE Energy, the AIM-listed energy group, yesterday said it was raising £110m via a placing of 145m new shares at 76p each. The placing price is at a 4.1 per cent discount to the last closing price. The net proceeds of the placing, together with Cove’s existing cash balances, will be used to fund the [...]
CITY MOVES | WHO’S SWITCHING JOBS November 4, 2010 Aviva The insurer has hired Helen Hislop as chief financial officer and Patrick Dixneuf as chief operations officer for its European arm, with effect from 1 January. Both will be based in Paris, and will work under EMEA chief executive Andrea Moneta. Hislop replaces Tim Harris, who has moved to Aviva as deputy chief financial [...]
RENTING November 4, 2010 CEO AND FOUNDER OF UPAD.CO.UK Q.Dear James, I want to sell my flat. What do I have to tell my tenants? A.It all depends on the tenancy agreement: you can’t conclude the fixed period of an Assured Shorthold Tenancy (AST) early because you want to sell. If you’re in a periodic tenancy, you’ll need to [...]
PAI ready to sell Yoplait in €1.3bn deal November 4, 2010 FRENCH private equity fund PAI Partners could launch the sale of its 50 per cent stake in French yoghurt maker Yoplait later this month with interest likely to come from international food giants or other private bidders. Nestle, the world’s biggest food group, may team up with Europe’s largest dairy group Lactalis to bid, French [...]
BMI THREATENS TO SUE HEATHROW November 4, 2010 HEATHROW’S second biggest airline customer, British Midland International, is threatening to sue the airport over what it says is an “outrageous” 50 per cent rise in charges for its domestic UK passengers. Wolfgang Prock-Schauer, BMI’s chief executive, says the new fees will be a significant blow to the loss-making airline’s domestic flights as it struggles [...]
FTSE rockets to pre-crisis level as investors bet on US recovery November 4, 2010 BRITAIN’S top shares closed at their highest in nearly 29 months yesterday as investors responded bullishly to the US Federal Reserve’s decision to pump more cheap money into the economy to boost flagging growth. Financial stocks, led by Man Group and mining and energy shares such as BHP Billiton and BP, surged higher as riskier [...]
Dow rockets after Fed stimulus boost November 4, 2010 US stocks extended a rally that started in September to close at two-year highs yesterday, a day after the Federal Reserve unveiled a plan to boost the economy. A bullish read on consumers also boosted shares as many retailers posted stronger-than-expected sales for October. The S&P retail index gained 1.7 per cent and apparel maker [...]
Chequing in with the best November 4, 2010 In a wonderful example of stating the obvious, the Office of Fair Trading yesterday published evidence that retail banking in Britain isn’t very competitive. For most people, that will probably come as no surprise. Though customer service has been getting better in almost every other industry, in retail banking limited weekend opening hours, unhelpful call [...]
