Northern Rock narrows loss August 3, 2011 Nationalised lender Northern Rock posted a first-half loss of £78.8m and said it continues to work on plans for an eventual sale of the company back to the private sector. Last year it made a first-half loss of £140m, and the company said it now expects to start trading profitably some time in the second [...]
WHAT THE OTHER PAPERS SAY THIS MORNING August 2, 2011 FINANCIAL TIMES LIVING SOCIAL SET TO BUY TICKET MONSTER LivingSocial, the world’s second biggest group discount website by customers after Groupon, has agreed to buy Ticket Monster, a South Korean equivalent site, to strengthen its presence in Asia. It is the latest acquisition by the US company, which has this year announced three deals to [...]
WHAT THE OTHER PAPERS SAY THIS MORNING August 1, 2011 FINANCIAL TIMES FOXCONN LOOKS TO AN AUTOMATED FUTURE WITH 1M ROBOTS BY 2013 Foxconn, the world’s largest contract electronics manufacturer by revenue, plans to have as many robots as workers in its China factories within three years, according to Terry Gou, chairman and chief executive. Foxconn, China’s biggest employer, produced Apple’s iPad and other electronic [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 28, 2011 FINANCIAL TIMES BHP BILLITON DIGS IN AGAINST STRIKING MINERS BHP Billiton has declared force majeure on exports from the world’s biggest copper mine, as a mineworkers’ strike entered its eighth day. The strike at BHP’s Escondida mine in Chile, which supplied 7 per cent of the world’s copper last year, comes in a month of [...]
PROPERTY NEWS July 28, 2011 FAIRY TALE CASTLE FOR SALE Castello di Scerpena, a five-bedroom mediaeval castle in Tuscany, is now on the market for €16.5m. There are two villas, a guardian cottage, a deer park and 190 hectares of land with 7,000 olive trees attached to the property’s sale. Contact Savills International on 0207 016 3754 or go to [...]
Six parties in Lloyds talks for branches July 24, 2011 LLOYDS is in talks with six interested parties over the sale of its 632 branches, City A.M. understands, despite only two of them having submitted formal bids so far. However, some of those involved are only interested in chunks of the £68bn in assets on sale, which could prove a headache for regulators who want [...]
Spending spree plans at London & Stamford July 21, 2011 LONDON & Stamford Property (L&S) has stepped up plans to expand its residential portfolio, agreeing to buy more than 100 residential properties in north London for £49.1m. The real estate developer announced yesterday it had bought 107 private residential units and 31 car parking spaces in Islington from Seward Street Developments, bringing its total portfolio [...]
Battle to be best of the Tests to end all square July 20, 2011 ENGLAND vs INDIA Today – 11 am Sky Sports 1 AFTER two and a half years of hard work England have the chance to officially become the number one Test side in the world. To do that they will need to beat incumbent rulers India by at least two clear Tests, with the sides about [...]
Fall in London house supply July 18, 2011 A DROUGHT of available residential property in London is propping up prices and rents, a survey in the capital revealed yesterday. June’s stock for sale was down 20 per cent on the previous year, while there was a 30 per cent fall in available rental properties, according to estate agents Douglas & Gordon. “The shortage [...]
Investors in fine wines toast gains July 18, 2011 FINE wine remains a good choice for investors, who enjoyed steady gains of over 13 per cent during the first six months of 2011, according to Bordeaux Index. Gary Boom, founder and MD of the fine wine merchant, said that 15 per cent growth in wine sales in the first quarter of the year reinforced [...]