Canary Wharf owner sees shares rocket 21pc on results March 28, 2014 Songbird Estates, the developer of Canary Wharf, has posted a pre-tax profit jump from £201.5m to £900.8m. Shares leapt 13 per cent at the open this morning, and are now up an impressive per cent at 235p per share. Underlying profits have dropped marginally to £22.4m, but the firm got a boost from surging London [...]
What the other papers say this morning – 28 March 2014 March 28, 2014 FINANCIAL TIMES Facebook works on drones and lasers Facebook is working on drones, satellites and lasers to deliver the internet to far flung corners of the world, in its second big bet on future technology in a week. Mark Zuckerberg, Facebook founder and chief executive, said yesterday that the company is working with leading experts [...]
Host Brandreth outshines the gong winners March 28, 2014 LONDON’S share price heroes were out in force last night at the KPMG UK Stock Market Awards but there wasn’t a winner in the room that could make as much of an impression as host Gyles Brandreth did as he blustered his way through the gong list. Brandreth mistook absent EasyJet boss Carolyn McCall (travel [...]
Letters to the Editor – 28/03 – Crossrail 2, Virtual future, Best of Twitter March 28, 2014 Crossrail 2 [Re: London will come to a standstill if we delay Crossrail 2, yesterday] Far from demonstrating a lack of political will on Crossrail 2, the mayor has long been the driving force behind getting this vital project moving. He strongly believes it is critical to boosting capacity and galvanising economic growth, which is [...]
What the other papers say this morning – 27 March 2014 March 26, 2014 FINANCIAL TIMES Tories eye migration sleight of hand Theresa May is proposing to cut net migration by more than 19,000 ahead of the next general election in a statistical sleight of hand that would shorten visas for foreign employees by as little as one day in a bid to avoid designating them as migrants. The [...]
Moss Bros warns couples could put World Cup before weddings March 26, 2014 MOSS Bros’ chief executive Brian Brick yesterday said its wedding business was picking up again after a tough 2013 caused hire sales to fall 6.9 per cent but he warned that this summer’s World Cup could see couples delay tying the knot. “We had two very good years for weddings but last year was tougher [...]
Just-Eat opts to be first member of LSE’s High Growth Segment March 26, 2014 The prospectus of takeaway website company Just-Eat has revealed that it plans to join the London Stock Exchange's High Growth Segment. By doing so, it won't have to sell off as much stock to be listed. The High Growth Segment has a lower free float requirement, with a minimum threshold of 10 per cent, as [...]
What you need to know before the open March 26, 2014 The rebound seen in European markets yesterday is expected to continue today, as investors set aside worries over the Ukraine-Russia situation, focusing on some pretty reasonable data from Germany and the US. The upbeat data buoyed Asian shares, which hit two week highs in Wednesday trading. Two further developments yesterday helped give markets a boost. [...]
What the other papers say this morning – 26 March 2014 March 25, 2014 FINANCIAL TIMES Banks pay out $100bn in US fines Wall Street banks and their foreign rivals have paid out $100bn in US legal settlements since the financial crisis, according to Financial Times research, with more than half of the penalties extracted in the past year. The sum reflects a substantial shift in political attitudes towards [...]
Rare book dealer Scholium to start trading on Aim this week March 24, 2014 RARE books dealer Scholium Group yesterday said it plans to begin trading on Aim this Friday, having raised £8m. The company plans to use the proceeds of the share placing to increase the day-to-day trading stock of Shapero Rare Books, trade in the wider rare and collectibles market and for general working capital purposes. Its [...]