Brixton and Segro hammer out terms of takeover deal June 22, 2009 SHARES in Brixton property group plummeted 30 per cent to 43.5p yesterday after its board agreed to an all-share offer from larger rival Segro, which values the company at a 40 per cent discount to its market capitalisation on Friday. Segro has offered 1.75 of its own shares for each Brixton share, valuing Brixton at [...]
Great Portland’s cash call works June 22, 2009 Property group Great Portland Estates yesterday said it had received a 93.6 per cent take up for its fully underwritten rights issue to raise gross proceeds of £175m. The property company said it had received valid acceptances in respect of 126,777,488 new shares under the terms of its 8 for 11 cash call. JP Morgan [...]
World Twenty20 “a big hit” June 22, 2009 CRICKET: ICC president David Morgan has declared England’s hosting of the World Twenty20 “an overwhelming success”. Organisers sold more than 96 percent of tickets, making the tournament more commercially successful than the inaugural event in South Africa in 2007.
Falling rents hit landlords June 22, 2009 The proportion of surveyors reporting a fall in rent in the three months to the end of April hit its highest since the poll of surveyors began in 1999. The Royal Institution of Chartered Surveyors’ (Rics) found that 55 per cent more surveyors and estate agents reported a fall in rents than a rise.
ST Telemedia on Eircom hunt June 22, 2009 ST Telemedia confirmed yesterday that it was considering a bid for Eircom, the Irish telecoms group, in what would be its first significant acquisition outside Asia in several years. The Singapore state-owned telecoms group said it was currently in the process of evaluating a potential investment in Eircom through Eircom Holdings, the Irish company’s Australia-based [...]
Yacht services up at YCO Deuxmil June 22, 2009 Super yacht services company YCO Deuxmil said yesterday its profits had leapt 249 per cent over the year to December, despite wealthy individuals cutting back on spending on luxuries in the downturn. The firm said gross profit rose to £5.27m, from £1.51m in 2007.
Glover stays cool to clinch first major June 22, 2009 MODEST Lucas Glover admitted being humbled by winning the US Open after the unheralded American triumphed on a dramatic final day at Bethpage Black. Glover, who previously had just one PGA Tour title to his name, clinched his first major victory by holding his nerve as his rivals crumbled. A three-over-par final round of 73 [...]
Ashes blow for Vaughan and Harmison June 22, 2009 ENGLAND selectors yesterday insisted former skipper Michael Vaughan’s Test career was not dead despite effectively ending his hopes of playing in the Ashes. Yorkshire skipper Vaughan and Durham paceman Steve Harmison were both left out of the 16-man training squad for the hotly anticipated series against Australia, which starts next month. However there was a [...]
Pamper your feet with the best pedicures in London June 22, 2009 Spa Studio at the LanesboroughThe Lanesborough, Hyde Park Corner, SW1X 7TA. 020 7333 7700 THE SETTING: The Lanesborough is London’s last word in hotel luxury. The spa is a hidden chamber in the depths of the hotel appointed with perfect European luxury and taste. THE PEDICURE: The Foot Loose and Fancy Free package (£85) begins [...]
Hughes reunited with Santa Cruz after 18m deal sealed June 22, 2009 ROQUE SANTA CRUZ hailed the chance to work with former boss Mark Hughes as the major factor in his decision to make an £18m move to Manchester City after completing the long-awaited switch yesterday. After passing a medical the 27-year-old Paraguay striker signed a four-year deal which commits him to Eastlands until 2012. “I know the [...]
