Asset values rise at Great Portland trust July 22, 2010 BRITISH landlord Great Portland Estates said yesterday its asset values had risen in its first quarter to end June, at the same time noting a slowdown in the volatile London property market’s rebound. In an interim management statement, Great Portland Estates said its portfolio valuation had risen 4.6 per cent since 31 March on a [...]
Aer Lingus hopes to break even in 2010 July 22, 2010 IRISH airline Aer Lingus said it expected to at least break even in 2010, after first-half trading was boosted by strong revenues and lower fuel and staff costs. The former state carrier, which has been cutting costs to survive competition from former suitor and shareholder Ryanair, said trading in June was stronger than expected. “Recent [...]
Development Securities eyes £100m rights issue July 22, 2010 BRITISH property firm Development Securities yesterday said it planned to raise about £100m through a share placing and rights issue to fund future projects. The company, which specialises in office and retail development projects, said it would place about 4.1m shares at 250p a piece, a discount of 8.8 per cent to their closing price [...]
BEST OF THE BROKERS July 22, 2010 RECKITT BENCKISER Execution Noble rates Reckitt Benckiser as “sell”, with a fair value of 3,106p. Execution believes the SSL deal makes strategic sense, but cites the timing of the deal as evidence of increased competition in the company’s core categories and expects continued evidence of this in second quarter results next week. MORGAN STANLEY JP [...]
CITY MOVES | WHO’S SWITCHING JOBS July 22, 2010 DLA PIPER The law firm has poached Stephen Hoyle from Ernst & Young to join its London office as a partner and head of UK tax. Hoyle, a specialist in corporate tax and structured transactions, was a partner at E&Y’s international tax services group. Prior to that, he worked as a managing director in Deutsche [...]
Sven back on Fulham radar after Jol blow July 22, 2010 FULHAM could revive their interest in former England manager Sven-Goran Eriksson after a drawn-out attempt to lure Martin Jol from Ajax ended in embarrassing failure yesterday. Ivory Coast coach Eriksson was on the Cottagers’ initial shortlist to replace Roy Hodgson and was said to be aggrieved at the club opting to pursue ex-Spurs boss Jol [...]
I’ll let Milner leave if Man City’s price is right, says O’Neill July 22, 2010 ASTON VILLA manager Martin O’Neill has told James Milner he can leave if Manchester City table an acceptable offer after admitting the sought-after midfielder has asked to leave. Manchester City have had one bid, thought to be worth £20m, turned down by Villa, who are holding out for nearer £30m. But the big-spending Eastlands outfit [...]
Magic man Murali bows out in style July 22, 2010 SPIN king Muttiah Muralitharan enjoyed a dream farewell to Test cricket in Galle yesterday after claiming his 800th wicket with the very last ball of his career. The Sri Lankan rewrote the history books when he had Indian tail-ender Pragyan Ojha caught by Mahela Jayawardene at slip for his milestone wicket, while helping his country [...]
Alex and Benayoun add to Chelsea’s injury woes July 22, 2010 CHELSEA boss Carlo Ancelotti has now been handed a triple injury blow ahead of his side’s defence of the Premier League crown. Just 24 hours after goalkeeper Petr Cech was ruled out for the start of the new season with a calf strain, the Italian has now lost defender Alex and new signing Yossi Benayoun [...]
Defiant Schumacher insists he won’t abort comeback and eyes eighth title July 22, 2010 SEVEN-TIME champion Michael Schumacher has categorically denied he could abort his comeback after an underwhelming first half of the season and confirmed he will definitely race again next year. Schumacher had been tipped to challenge for an eighth title after ending his self-imposed exile and agreeing to drive for the revamped Mercedes team. But the [...]
