Segro rental income rises October 25, 2012 SEGRO yesterday said it had made progress against a challenging backdrop in the third quarter, reducing vacancy rates and bagging a trio of pre-let deals. The industrial property company said total rental income increased by £7.1m in the period. It has also signed three new pre-let development contracts, which will produce £1.8m of income in [...]
Who’s switching jobs October 25, 2012 McCarthy & Stone The construction firm has appointed Mark Elliott as its new chief executive. He previously worked for Arena Leisure, the hotel and race course operator, where he oversaw its merger with Northern Racing in March 2012. Elliott was also formerly chief executive of Wembley. Otkritie The Russian financial services firm has appointed Ruben [...]
Best of the Brokers October 25, 2012 HOME RETAIL GROUP UBS maintains its “buy” rating for the consumer goods retailer, raising its target price from 115p to 120p. The broker will not change full-year 2013 PBT and outer year estimates. APR ENERGY Seymour Pierce has downgraded the power provider from “hold” to “reduce,” lowering its target price to 650p from 685p. The [...]
Wall St treads water on weak earning reports October 25, 2012 US stocks eked out small gains yesterday in another uninspiring session on Wall Street, with worries about weak business spending keeping investors wary. The Dow Jones industrial average rose 26.34 points, or 0.20 per cent, to 13,103.68 at the close. The Standard & Poor’s 500 Index gained 4.22 points, or 0.30 per cent, to finish [...]
FTSE flat as poor corporate results overshadow positive news on GDP October 25, 2012 BRITAIN’S top share index was fractionally higher yesterday as gains by banks on strong UK GDP figures were countered by some mixed corporate earnings. Banks added 0.8 per cent on news that Britain pulled out of recession in the third quarter, with its strongest quarterly economic growth in five years, boosting expectations that lending conditions [...]
The Eurozone is doomed to unwind without radical liberalising reforms October 25, 2012 WHEN the euro was formed, the economic debate was marked by a paradox. Liberal economists on the continent were enthusiastic – they believed the euro’s adoption would force reforms on the EU. Free market economists in the UK were more pessimistic. They feared that economic shocks would result in complete social dislocation, due to inflexible [...]
The sky’s the limit: Why the humble checklist beats masterful intuition October 25, 2012 THOSE of us glued to the live feed of Felix Baumgartner’s jump from the edge of space last week were also incidentally witness to one of the most powerful – and underappreciated – performance enhancement techniques known. If you were watching, the chances are you didn’t even give it a second thought. But there’s as [...]
Challenging times lie ahead despite solid GDP growth October 25, 2012 SOME good GDP news at last! The UK economy is growing again. It’s official. In fact, the initial estimate of growth in the third quarter exceeded market expectations of 0.6-0.7 per cent growth by a long way. And – at 1 per cent of GDP – it now appears to be the strongest quarter of [...]
As more criticism emerges, has the BBC done enough to deal with the Jimmy Savile crisis? October 25, 2012 YES David Bowden The tenor of current accusations, built on a febrile atmosphere of rumour and suspicion, seems to preclude any reasoned debate over what we want from a public broadcaster. We’ve seen similar panics around the BBC before, most recently after Jonathan Ross’s prank call to Andrew Sachs in 2008. This has invariably led [...]
Rapid response October 25, 2012 Better than Labour [Re: Coalition must not become complacent on economic growth, yesterday] Although the coalition should avoid complacency over economic growth, it’s also important that it trumpets the advantages of its economic policy against Labour’s alternative. Yes, austerity has not been pushed as far as it should have been. But a continued reliance on [...]
