Winning formula of a high street chemist May 16, 2012 WHEN I was growing up in south east London in the 1990s, there was very little in the way of decent shops on the nearby Penge high street. The proliferation of betting and pound shops, which would eventually blight most shopping precincts, was already well-advanced. There were just a few of the chains that you [...]
Land Securities hit by weaker office demand May 16, 2012 LAND SECURITIES, the UK’s biggest real estate investment trust, said turmoil in the Eurozone was continuing to dampen demand for office space in central London as it reported a fall in full-year profits. Rob Noel, who replaced Francis Salway as chief executive at the beginning of May, said uncertainty in Europe had “weighed heavily on [...]
Great Portland sells £100m of London assets May 15, 2012 PROPERTY firm Great Portland Estates sold three buildings for over £100m in London’s West End and Midtown districts yesterday as it continues to recycle capital into its major London schemes. The company said it has sold 184/190 Oxford Street, Buchanan House in Holborn and a portfolio of properties at Portland Place for £106m, and 23 [...]
Miners help extend FTSE 100 losses as Greek talks fail May 15, 2012 BRITAIN’S top shares extended losses yesterday, led by the mining sector as the cloud looming over the Eurozone darkened after Greek politicians failed to form a government, denting sentiment and the outlook for global growth. London’s blue chip index fell 0.5 per cent to 5,437.62, adding to the previous session’s two per cent drop, with [...]
Join City A.M. next week for our special trading event May 15, 2012 IN EUROPE, as well as globally, retail and institutional investors have been steadily embracing the use of exchange-traded funds (ETF). The move to ETFs is being driven by several factors: 1) ETFs offer a toolbox: providing diversified, liquid, transparent and cost-efficient benchmark exposures in a fund structure to a wide array of asset classes and [...]
MEET THE PANEL: LISTED PRODUCTS MASTERCLASS 11.30AM – 12.20AM, 24 MAY May 15, 2012 There has been huge interest in exchange-traded funds (ETF), covered warrants and other listed products over the past few years. Retail investors now have more freedom to trade commodities such as gold, silver and oil as well as indices such as the FTSE and Dow. Our panel will debate the merits of this exciting new [...]
LONDON REPORT May 13, 2012 THIS week will see a string of stormy annual meetings, which will be closely watched for signs that the “shareholder spring” is taking hold. The market is also due to digest some key earnings reports on Thursday and Facebook’s long-awaited US float on Friday. However, today looks set to be relatively quiet on the corporate [...]
HSBC kicks off talks to sell its LatAm branches May 10, 2012 HSBC is in talks to sell its operations in Colombia, Peru, Uruguay and Paraguay, as Europe’s biggest bank continues to retreat from countries where it is too small or it does not see strong enough growth. HSBC has been quitting smaller markets and businesses to cut costs and streamline operations under new CEO Stuart Gulliver. [...]
CITY MOVES WHO’S SWITCHING JOBS May 10, 2012 McGuireWoods Philip Newhouse has been appointed managing partner of the international law firm’s London office. He replaces Anders Grundberg, who will continue as partner in the firm’s international transactions and private wealth services practice. Newhouse has previously served as managing partner at Taylor Wessing Bucharest’s office and at Haarman Hemmelrath. Coutts The wealth division of [...]
HOSPITALITY PACKAGES May 10, 2012 FRIDAY 8TH JUNE The Ultimate Club Package offers private or shared tables of 8, 10 or 12 Veuve Clicuot Champagne reception with canapes at The Hurlingham Club. There’s a sumptuous lunch at The Hurlingham Club with selected complimentary wines, coffee and chocolates. Full Afternoon Cream Tea in private VIP pitch side enclosure. All day complimentary [...]