Treasury sells off another £500m of bailed out Lloyds Bank stake March 9, 2015 LLOYDS shares fell yesterday as the government revealed it had sold off another £500m stake in the bank. The government is drip-feeding shares on to the market in a bid to steadily recoup the cost of the bailout. It has now raised more than £1bn since launching the sale policy in December 2014. The latest [...]
50 is the most expensive age as expenses stack up from mortgages, children, saving for retirement… and holidays March 6, 2015 People expecting to sit back and relax thanks to getting themselves into a comfortable financial position by the time they hit 50 years old, may not be quite as carefree as first thought. By 50, Britons have picked up a large bill, racking up more expenses than at any other time in life. The cost [...]
Cricket Comment: England need player like KP March 4, 2015 He’s a matchwinner and was unfairly let go but a comeback looks unlikely to me KEVIN Pietersen’s sacking last February was unfair and it was a shame for English cricket the way it happened but the timing of incoming ECB chairman Colin Graves seemingly handing him a lifeline has created an unwelcome distraction. England have [...]
Coalfields ready to rebrand as it buys Harworth March 3, 2015 PROPERTY firm Coalfield Resources is to rename as Harworth Group and relist on the London stock market after acquiring the 75.1 per cent of Harworth Estates that it does not already own. Coalfield announced yesterday that it had agreed terms with the board of the pension protection fund to pay £150m for 730,674,465 new shares [...]
Drax shares up as analyst calls 2014 annus horribilis for firm February 24, 2015 SHARES in power generation firm Drax Group were up by 6.75 per cent yesterday, after the company reported profit of £166m for 2014, over five times the £32m profit reported in 2013. However, the company’s underlying earnings fell from £142m to £96m, which it said reflected “major deterioration in commodity markets, following oil market decline”. [...]
Cricket Comment: England ought to pick Tredwell and Bopara instead of Finn and Ballance February 18, 2015 THERE weren’t a huge amount of positives to take from World Cup defeat to Australia last Saturday. Hopefully the main one will be the realisation that the tactics at the death were wrong and there was too much short bowling. England undoubtedly have some good bowlers but, as I wrote last week, that bowling attack [...]
Analyst Views: How did Hammerson’s performance fare over the last year? February 16, 2015 ALISON WATSON | INVESTEC We expect the UK consumer recovery to continue to feed through to improving, but low single digit, rental growth. France remains more challenging and whilst this is mitigated by increased exposure to the high growth outlet sector, we expect net asset value growth (NAV) to remain below sector average. JAMES CARSWELL [...]
City Moves for 13 February 2015 | Who’s switching jobs February 12, 2015 Institute of Directors Lady Barbara Judge CBE has been appointed as the new chair of the IoD. A trained commercial lawyer, she is currently chair of the Pension Protect Fund and the Energy Institute of UCL, as well as non-executive director of Portmeirion Group. Lloyds Bank Commercial Banking Lucy Barton has been appointed as a [...]
City Moves for 12 February 2015 | Who’s switching jobs February 11, 2015 Lloyds Bank Lloyds Bank Commercial Banking has announced the appointment of Christopher Sood-Nicholls as managing director. He joined in 2000, and has since held management roles in IT operations, executive management and corporate development at the bank. BlackRock The investment management firm has appointed Deborah Winshel to lead its impact investing platform. She was formerly [...]
Epsom Derby in time shift February 11, 2015 THE INVESTEC Derby at Epsom will start half an hour later than usual this year as organisers look to maximise its television audience. The Derby is due to begin at 4:30pm on Saturday 6 June, while the Oaks, the Friday highlight of the two-day meeting, also moves back 30 minutes. Both races remain fifth of [...]