Quintain partners with Hong Kong firm June 18, 2012 QUINTAIN ESTATES revealed yesterday it has struck up a joint venture with Hong Kong billionaire Henry Cheng Kar-Shun, in a deal that will help kick-start one of the UK’s biggest housing projects. The regeneration specialist said Cheng’s investment vehicle Knight Dragon has taken a 60 per cent stake in its Greenwich peninsular project, sending shares [...]
Notebook firm pens plans for Milan float June 18, 2012 ITALIAN notebook maker Moleskine plans to list in Milan this year and has hired investment banks to run the sale of stock in the company, whose thread-bound jotters are based on originals favoured by the likes of Vincent Van Gogh and Ernest Hemingway. Goldman Sachs, Mediobanca and UBS will run the offering for majority-owner Syntegra [...]
WHAT LIES IN STORE FOR MAJESTIC WINE IN THE YEAR AHEAD? June 18, 2012 PATRICK COFFEY LIBERUM We expect consensus profit before tax expectations to fall around five per cent to £24.5m due to lower en primeur sales in 2013. The macro-outlook remains uncertain in 2013, however the excellent long term structural growth story remains intact and the rollout story should protect earnings if the macro worsens. We reiterate [...]
Rolls-Royce is lifted by £1bn Trident contract June 18, 2012 SHARES in Rolls-Royce rose to outperform the general market yesterday, after it confirmed it had signed a contract worth more than £1bn with the ministry of defence to deliver reactor cores for the UK’s nuclear-powered submarine fleet. The deal includes the refit of Rolls’ submarine propulsion reactor factory at Derby in central England, where Rolls [...]
Indian consortium pulls out of bidding war for Cove Energy June 18, 2012 AN INDIAN consortium said yesterday it was no longer considering making an offer for Cove Energy, confirming the battle for the Mozambique-focused explorer is a two-horse race between PTT and Shell. India’s Oil and Natural Gas, through its Videsh unit, and GAIL India said in February they had teamed up to look at making an [...]
Rhoen investors sell to Fresenius June 18, 2012 Rhoen-Klinikum’s two biggest investors are selling their holdings to Fresenius, putting the German healthcare group well on its way to taking over the hospital operator. Fresenius in April unveiled a plan to buy Rhoen for
Botswana accident hits Gem June 18, 2012 Gem Diamonds said initial production at a mine in Botswana would be delayed until the first half of 2014 following an accident that killed two employees. Production at the Ghangoo mine was scheduled to start in 2013 at an initial rate of 100,000 carats per year, rising to a peak steady state of production of [...]
Liberum wins Mediterranean Oil June 18, 2012 Mediterranean Oil & Gas said yesterday it had hired Liberum Capital to be its nominated advisor and joint broker. Chief executive Bill Higgs said: “We look forward to working with Liberum as we focus on developing into a leading independent oil and gas company in the wider Mediterranean region.” GMP Securities Europe remains as joint [...]
Mortgage woes grow for older house owners June 18, 2012 THE NUMBER of over-60s struggling to keep up with mortgage payments is on the rise, a leading counselling group said this morning, while separate figures show that people hoping to buy a home are being squeezed out of the property market. Among people who have a mortgage, an inability to keep up with payments is [...]
Eurozone threatens London’s optimism June 18, 2012 BUSINESSES in the capital are significantly more bullish about economic prospects than they were six months ago, a leading survey reveals today – although the Eurozone crisis is threatening to dampen the mood. Over four in 10 respondents from London firms reported a more optimistic outlook for the economy over the next six months, the [...]
