Informa maintains forecasts as revenue falls October 16, 2012 SPECIALIST business publisher Informa announced a drop in revenue for the first nine months of 2012 yesterday, but said it was still trading in line with its expectations for the whole year. Organic revenue fell two per cent compared to last year in the nine months to 30 September, blaming a tough trading environment for [...]
Local retailers see footfall slide October 16, 2012 ONE in six independent retailers fear they will collapse into administration in 2013 unless sales show signs of improving, according to a new study published yesterday. As the battle to retain footfall on the high street continues and family budgets remain squeezed, 16 per cent of small retail businesses feared they were unlikely to survive, [...]
Houses close to Crossrail set for price boost October 16, 2012 HOUSES near the Crossrail route through London could enjoy a boost in value of up to 25 per cent once the rail link is up and running, research claimed yesterday. While residents living in the shadow of Crossrail stations must endure years of construction work until the route opens in 2018, they can expect a [...]
Bellway profits jump as it hikes dividend October 16, 2012 HOUSEBUILDER Bellway said yesterday that a strong performance in the south of England and an uptick in sales of private homes helped boost full-year profits. Shares in the FTSE 250 firm closed up 3.2 per cent after it posted a 57 per cent jump in pre-tax profit to £105.3m for the year to 31 July, [...]
West End offices enjoys surge in investment October 16, 2012 INVESTMENT in London’s sought-after West End office market surged by 30 per cent in the third quarter as an influx of properties became available on the market and demand overseas investors continued to rise. Research by BNP Paribas Real Estate, the French bank’s property arm, said West End investment rose to £950m in the third [...]
EU watchdogs slam Google on privacy policies October 16, 2012 EUROPEAN regulators hit out at Google yesterday, criticising the web giant for changes to the way it hoards users’ personal data and demanding greater transparency over its privacy policy. A joint letter from the information commissioners of 27 countries, following an investigation by French data regulators CNIL, said that Google had ignored its “key data [...]
Russian bank’s London listing failure could hit future City IPOs October 16, 2012 THE RUSH of Russian firms looking to list in London took a blow yesterday as Promsvyazbank failed to attract sufficient investors. The dual London-Moscow listing was set to follow Sberbank and MegaFon in coming to the City. But the bank – 88.3 per cent owned by brothers Dmitry and Alexey Ananyev – said it had [...]
Mantel does the Booker double October 16, 2012 Hilary Mantel last night became the first woman to win the Man Booker prize twice. The author of Bring Up The Bodies and Wolf Hall, which won the £50,000 prize in 2009, was described by the judges as the “greatest modern English prose writer”.
Resolution eyes sale of AmLife October 16, 2012 INSURANCE firm Resolution yesterday announced that it is discussing whether to dispose of its 30 per cent stake in a Malaysian joint venture. The company’s Friends Life unit is looking at selling its shares in AmLife Insurance Berhad and AmFamily Takaful Berhad back to AmBank Group, its local partner. Resolution say the 30 per cent stake [...]
Padraic Fallon passes away October 16, 2012 PADRAIC Fallon, the chairman of Euromoney Institutional Investor, passed away at the weekend after a year-long battle with cancer. Fallon was made editor of Euromoney in 1974, and rose through the ranks to build the group into a business publishing powerhouse. He is succeeded by Richard Ensor.
