‘Bond market tantrum risks’: Gilt traders brace for Labour leftward pivot as Starmer future uncertain
La Senza on the brink as it calls in KPMG December 13, 2011 LINGERIE firm La Senza has called in restructurers from KPMG as it struggles to manage costs during the high street slump. City A.M. understands the British and European business, which is owned by private equity house Lion Capital, is considering entering administration but other options, such as a company voluntary arrangement or winning new investment, [...]
Barratts enters administration December 8, 2011 SHOE retailer Barratts has fallen into administration, the latest victim of a downturn in consumer spending, putting 3,840 jobs under threat. Business advisory firm Deloitte said yesterday it had been appointed joint administrator over the Barratts Priceless Group, and that it would continue to keep the stores trading as it seeks a buyer for the [...]
Capital Shopping Centres secures new debt facility November 21, 2011 CAPITAL Shopping Centres (CSC), the UK’s biggest mall owner, has secured a £375m credit facility from a consortium of five banks to help provide “general liquidity” to the company. The owner of Manchester’s Trafford Centre and the MetroCentre in Gateshead said yesterday that the revolving facility would replace a previous, undrawn £248m facility that was [...]
Barratt stays upbeat due to higher prices November 16, 2011 SHARES in Barratt Developments rose seven per cent yesterday after the housebuilder said it was on track to report a “significant” improvement in its full-year profit, boosted by higher reservation rates and selling prices. The UK’s largest housebuilder said the average weekly number of reservations for new homes rose by 25.9 per cent in the [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 9, 2011 FINANCIAL TIMES WATCHDOG HITS FRENCH AUDITORS French auditors have been lambasted by the UK’s leading accountancy regulator for their performance during the Greek debt crisis. Stephen Haddrill, chief executive of the Financial Reporting Council, criticised the way French banks and insurers had been allowed by their auditors to post smaller losses on Greek government bonds [...]
Rise in Taylor Wimpey sales lifts margins September 19, 2011 HOUSEBUILDER Taylor Wimpey said yesterday that sales rates in recent weeks have been encouraging, as the industry has benefited from a seasonal surge in home buying activity. The FTSE 250-listed firm added it is on track to deliver on margin targets this year. The country’s second largest builder by market value said net sales rates [...]
Taylor Wimpey says housebuilding bouncing back September 19, 2011 Housebuilder Taylor Wimpey said sales rates in recent weeks have been encouraging, as the industry has benefited from a seasonal surge in home buying activity, and added it is on track to deliver on margin targets. The country’s second largest builder by market value said net sales rates so far in the second half are [...]
LEWISHAM, SE13 September 15, 2011 RENAISSANCE Price: £181,000 This second floor, one-bedroom flat comprises 470 square feet, including a private balcony. It is situated in a development with landscaped gardens, opposite Lewisham DLR station. It was designed in collaboration with artist Phil Coy whose signature feature is the development’s eye-catching coloured glass exterior. Contact: Barratt Homes on 084 5871 0005 [...]
Barratt posts its first profit in three years September 14, 2011 BARRATT Developments, the UK’s biggest housebuilder, hailed its first underlying profit in three years yesterday, helped by higher selling prices, and expects to make further progress despite a sluggish housing market. The group reported a full-year profit before tax and exceptional items of £42.7m compared with a loss of £33m in 2010, beating market estimates. [...]
Barratt back in the black September 14, 2011 Housebuilder Barratt Developments returned to profit for the full-year, helped by higher selling prices, and said it expected to make further progress despite the constrained housing market. The country’s largest housebuilder by volume reported full-year profit before tax and exceptional items of £42.7m, at the higher end of market estimates, compared with a loss of [...]