No mass sale of public property November 1, 2010 The civil servant in charge of the public property estate yesterday ruled out the sale of core assets as part of the government’s spending review. “The public sector should try to own the core estate,” said John McCready at a conference, adding that state-owned property would only be sold where they were “non-core” or where [...]
BHP must up its Potash bid, says investor November 1, 2010 BHP BILLITON came under further pressure to increase its $39bn (£24.7bn) bid for Potash Corp yesterday, as a hedge fund and several analysts spoke out on the likelihood of the deal’s success. Sources familiar with the firm said BHP Billiton was unlikely to raise its $130 a share offer until it had cleared regulatory hurdles [...]
Commodities and banks lift FTSE but gains are tempered by Fed QE decision November 1, 2010 Miners led Britain’s top shares higher yesterday, boosted by strong data from China, but gains were tempered as investors looked ahead to the outcome of the US Federal Reserve’s meeting tomorrow. Miners rose after data showing demand in China, the world’s biggest consumer of metals, was holding up. The world’s biggest integrated zinc producer Xstrata [...]
ANALYST VIEWS: WHERE DO YOU SEE THE BHP BID FOR POTASH GOING? November 1, 2010 CHARLIE GIBSON | EDISON MINING The challenge will be on the PR front, and how Canadians view BHP. Canada doesn’t have a bad record when it comes to protectionism, and the fact that BHP is an Anglo-American company can only help. TOM GIDLEY-KITCHIN | CHARLES STANLEY The decision tomorrow is the crucial point. If the [...]
Wall Street ends flat on eve of US midterm votes November 1, 2010 Investors were reluctant to make big bets ahead of two events that could dictate the stock market’s direction for the rest of the year and beyond, leaving shares little changed yesterday. The benchmark S&P 500 index rose 12.9 per cent since the start of September on hopes for Republican gains in Tuesday’s elections and a [...]
Greek banks to raise cash November 1, 2010 GrEece’s Marfin Popular announced plans yesterday to raise €1.15bn (£1bn), making it the third Greek bank to opt for a cash call to boost capital ratios, while a fourth, Eurobank, said it was looking instead to sell a chunk of its Polish unit. Big cash calls by National Bank of Greece (NBG) last month and [...]
THE TIPSTER November 1, 2010 ALL eyes are on stock market indices such as the FTSE 100 this week as major economic numbers and announcements from across the globe are released. Yesterday’s early gains were wiped out by mid-morning, indicating that there simply aren’t enough bulls out there to prop up the markets and further weakness could be around the [...]
Hovis advert collects major industry award November 1, 2010 Advertising agency MCBD last night scooped the top award at the prestigious IPA Effectiveness Awards. TV spot advertising for the campaign featured a young boy carrying a loaf of bread through northern streets at the time of historical events including the sinking of the titanic, suffragette marches, the first and second world wars and the [...]
Lazy funds abound in London November 1, 2010 Around £450bn of “lazy funds” are sitting on the sidelines, waiting to be invested in London, according to a professor at Cranfield University’s school of management. Andrew Kakabadse and his team interviewed more than 20 senior executives on their investment decisions and concerns to arrive at the sum, and argue the government is not doing [...]
Blackpool beat nine-man Albion November 1, 2010 BLACKPOOL are up to ninth in the Premier League following a 2-1 win over West Bromwich Albion at Bloomfield Road. Pablo Ibanez was sent off in the 10th minute for a professional foul, and salt was rubbed into the wounds when Charlie Adam slotted home the resulting penalty. The Baggies were down to nine men [...]
