Kensington and Chelsea has most £1m plus house buyers in London May 30, 2011 THE borough of Kensington and Chelsea saw the highest number of £1m plus property sales in London last year, according to figures revealed today by specialist private bank Investec. A total of 4,530 properties sold for over £1m in 2010 with 912 of them sold in Kensington and Chelsea alone. City of Westminster saw 790 [...]
Derby specialist Fallon refuses Native Khan ride May 30, 2011 THREE-TIMES Investec Epsom Derby-winning jockey Kieren Fallon has opted not to ride Native Khan in Saturday’s big race. Trainer Ed Dunlop said he was disappointed, with the six-time champion tipped to partner Recital for Aidan O’Brien’s Ballydoyle team. “The enticement of the great Ballydoyle battleship steered him towards their horse,” said Dunlop. Derby favourite Carlton [...]
CITY MOVES | WHO’S SWITCHING JOBS May 26, 2011 JP Morgan Asset Management Professor Paul Sweeting has been appointed as European head of the Strategic Investment Advisory Group for JP Morgan Asset Management. Based in London, Sweeting will advise the firm’s European institutional clients on asset allocation, risk management and investment strategies. Sweeting previously held positions at Munich Reinsurance Company and Fidelity Investments International. [...]
Epsom’s French fancy May 26, 2011 WITH just over a week to go until the Investec Derby, racing’s good, bad and ugly gathered on Epsom Downs yesterday morning for the racecourse’s annual ‘Breakfast with the Stars’. The event offers up the opportunity for any horse entered in the world’s most famous race to exercise on the track and sample its undulations, [...]
Ferdoos to give in-form Varian another big win May 26, 2011 IT’S very much the calm before the storm this weekend with the Investec Derby Festival only seven days away. However, Haydock hosts a decent card tomorrow and let’s hope we can follow up after last week’s headline tip Sole Power (12/1) won the Temple Stakes well. Roger Varian has made an excellent start to his [...]
Carlton House ready for Epsom May 25, 2011 HORSE RACING: Investec Derby favourite Carlton House thrilled connections after his final serious piece of work ahead of the big race. “He worked this morning and it was very satisfactory. He seems in good shape,” said trainer Sir Michael Stoute.
CITY MOVES | WHO’S SWITCHING JOBS May 25, 2011 Cable & Wireless The telecoms company has appointed Ian Gibson as chief financial officer and executive director, with effect from 21 July. Gibson joined the group in 1995 and has held a number of senior management positions, most recently deputy chief financial officer. In 2009 he was appointed as acting chief financial officer and played [...]
ANALYST VIEWS: WHAT DO THE RESULTS MEAN FOR INVESTORS? May 24, 2011 MORTEN SINGLETON | INVESTEC Results headlines look absolutely fine. The headlines all came in at or above consensus expectations. The full-year dividend has been held at 4.5p despite some anticipation in the market of a possible cut. There are no major catalysts here, but no disasters either. KEITH BOWMAN | HARGREAVES LANSDOWN Overall there wasn’t [...]
Mitie profit climbs as order book fills May 23, 2011 CONSTRUCTION and outsourcing firm Mitie said increased demand for bundled services had helped boost its full-year profit and that significant outsourcing and energy opportunities would help sustain growth. Mitie, which provides services from cleaning to engineering, said revenue for the year to 31 March was up 10 per cent to £1.89bn, with profit before tax [...]
Investec sees upgrades as profits grow May 19, 2011 ANALYSTS upgraded South African lender Investec after its full-year results for the year to March yesterday, despite the bank taking an unexpected hit from a rise in impairments in its private bank, which posted a loss of £91.4m. The bank’s managing director Bernard Kantor told City A.M.: “The problem was Ireland. We wrote off £97m [...]