Wenger and Ramsey bag awards to complete remarkable turn in fortune October 8, 2013 SIX wins from six matches have earned Arsenal manager Arsene Wenger and midfielder Aaron Ramsey the Barclays’ manager and player of the month awards for September respectively. The Gunners are top of the Premier League and enjoyed wins over north London rivals Tottenham, as well as Sunderland, Stoke and Swansea last month. Wenger’s team also [...]
Virgin Money is the fourth lender to join Help to Buy October 7, 2013 VIRGIN Money yesterday became the fourth bank to sign up for the Help to Buy Scheme, which from today will offer state guarantees to homebuyers. It joins RBS, Lloyds’ Halifax brand and challenger bank Aldermore in offering mortgages with deposits worth as little as five per cent of the home’s value. However, new figures on [...]
Jenkins puts £1m in bank October 7, 2013 BARCLAYS chief Antony Jenkins bought another £1.1m of shares in the bank’s rights issue, the lender announced yesterday. The bank raised £5.8bn in the capital-raising round, with each existing shareholder offered the right to buy one new share at 185p for each four shares they already owned. Jenkins took advantage with a purchase of 613,084 [...]
Go Outdoors secures £33m loan October 7, 2013 Outdoor retailer Go Outdoors has secured a £33m refinancing deal with Barclays to accelerate its growth plans. The group, which reported a 19 per cent jump in sales last year to £171m, said the investment will be used to open more stores, grow its online operations and revamp existing stores. It has signed a three-year [...]
The Ritz reveals five-star profit as hotel value is lifted to £735m October 6, 2013 THE VALUE of the iconic Ritz hotel in Piccadilly has been lifted to £735m after a record year where it earned the highest revenue in its 107-year history. The landmark building, owned by Sir David and Sir Frederick Barclay, upped the price of its fixed assets after receiving “several unsolicited approaches” to buy it, according [...]
Johnston Press is in talks over debt mountain October 6, 2013 STRUGGLING publisher Johnston Press has entered negotiations with its lenders over its £306.4m debt. Johnston Press has reportedly hired Rothschild, the investment bank, to coordinate discussions with creditors including Barclays and Royal Bank of Scotland. The conversations with lenders could include a refinancing package would see the banks taking warrants in the company, giving them [...]
London Report: House prices set for high point as market surges October 6, 2013 HOUSE prices will be in the spotlight today, as the Royal Institution of Chartered Surveyors (RICS) house price index is released and the Help To Buy scheme kicks off nationally. Last month saw a seven-year high for the survey, leading RICS to call on the Bank of England to cap house price inflation at five [...]
Bank of England appoints new finance director from Barclays October 4, 2013 The Bank of England has appointed Ralph Coates as its new finance director. Ralph succeeds Warwick Jones, who retired from the Bank in June. He'll start the job on 4 November. Charlotte Hogg, chief operating officer said: I am delighted to announce the appointment of Ralph Coates as the Bank’s new Finance Director. Ralph will [...]
Barclays raises 95 per cent of £6bn rights issue October 4, 2013 Barclays has announced a 94.63 per cent take-up of a £6bn rights issue. (Release) The books closed last night with the bank raising £5.8bn in the sale of New Ordinary Shares. Underwriters are picking up the remainder today following trading starting on the London Stock Exchange. The bank may blame local trading laws in China, [...]
Barclays rights issue rump to be sold today October 3, 2013 THE RUMP of Barclays’ rights issue could come in at around £300m, it emerged last night, after at least five per cent of investors declined to take up the offer of new discount shares. The £5.8bn issuance will support the bank’s capital position, and each existing investor was offered one new share for each four [...]