Hertz raises €400m in loan notes through Netherlands subsidiary June 27, 2010 HERTZ, the car hire company, has placed €400m (£328m) in senior secured notes through its Dutch subsidiary to refinance its outstanding international fleet debt facilities. The group said the 8.5 per cent notes, which are due in 2015, would be sold to institutional investors. The notes are rated “B1” by Moody’s and “B” by Standard [...]
BOXING BANKERS UNLEASH THEIR BULLISH INSTINCTS IN THE RING June 27, 2010 ONE of the City’s biggest bankers’ boxing clubs is setting up a championship fight for a charity night soon. The Real Fight Club in Spitalfields, London’s original home to the practise of “white collar boxing” (i.e. boxing by bankers) is holding a boxing showcase evening on 15 July and expects to see a City audience [...]
Take a view on the UK with the FTSE 250 June 27, 2010 INVESTORS in the FTSE 100 have endured a difficult couple of months as heavyweight BP’s tumbling share price dragged the rest of the index down with it. But while the blue-chip index has lost almost 13 per cent since the middle of April, the FTSE 250 has fared a little better. It too has suffered [...]
THE TIPSTER June 27, 2010 IT WAS good news for the pound at the end of last week. Sterling-dollar briefly rose above $1.50 last week – its highest point since mid-May – after the markets signalled overall approval of the Budget package. But with the Federal Reserve reiterating its pledge to keep interest rates low for an extended period, the [...]
THE WORLD CUP TIPSTER June 27, 2010 AFTER what was a tense and ultimately (for England) depressing weekend, the remaining quarter final places will be decided over the course of today and tomorrow. Some teams, such as Holland and Brazil, which have sailed through the group stage, appear to be on track to progress – but as the shock exits of Italy [...]
SPREAD BET GURU June 27, 2010 MARKET STRATEGIST josh@cityindex.com Q. Dear Josh, can you tell me how the markets reacted to the emergency Budget presented by George Osborne last week? A. The banks and the retailers all performed strongly in reaction to the budget while the pound also received a boost. We saw banking stocks such as RBS, Lloyds Banking Group [...]
Banks headed higher as governments back BP June 27, 2010 EUROPEAN markets are set to jump higher on the open this morning, with bank stocks most likely to rally following on from the agreement in the US over the details of the financial reform bill which was hammered out last week, and which appears to be less strict than many in the sector had feared. [...]
Where safari meets heavenly white beaches June 27, 2010 TANZANIA combines the thrill of safari through the vast plains of the Serengeti with relaxation on the tropical beaches of the exotic Spice island of Zanzibar. Serengeti We draw the curtains of our room in Kempinski’s Bilila Lodge to find a welcome committee of seven elephants, obligingly gathered at a watering hole just steps away [...]
TRAVEL NOTES: BUDGET-FRIENDLY STAYCATIONS June 27, 2010 Mid Week Food Lovers Boutique hotel Fishmore Hall, on the edge of the foodie hotspot of Ludlow, is ideal for a foodie staycation. Go midweek (Sunday to Thursday) and you’ll receive a 50 per cent discount on room rates, plus dinner for two from the a la carte menu. When you’re not eating all the [...]
SHAMBLES Capello on the brink as England crash June 27, 2010 GERMANY (4) vs ENGLAND (1) FABIO CAPELLO remained defiant last night he would not stand down as England manager despite his side’s World Cup humiliation in Bloemfontein. But the Italian admitted he would seek crisis talks with Football Association chiefs after England’s woeful display against the Germans culminated in a heaviest-ever World Cup finals’ defeat. [...]
