PROPERTY NEWS May 5, 2011 YOO ARE GOING TO MUMBAI Yoo, the design brand, has launched a new development in Mumbai. The project is Jade Jagger’s first in India. It is set to comprise 452 apartments of two, three and four bedrooms as well as duplex sky villas spread across four towers. It is scheduled for completion in 2013. RENTS [...]
Rivals likely to share spoils in title decider May 5, 2011 MANCHESTER UNITED vs CHELSEA Sunday – 4.10pm Sky Sports 1 A FEW weeks ago it would have been hard to imagine that this contest could have been a title decider, but Chelsea’s rich vein of form has propelled them back into the race. They have won eight of their last nine league games and beat [...]
KKR’s earnings boosted as assets hit $61bn May 4, 2011 PRIVATE equity behemoth KKR has revealed higher-than-expected earnings for the first three months of this year, pushing the value of its private equity investments sky high. KKR said yesterday its economic net income was up to $742.5m (£449m) for the first-quarter. Total assets under management for the firm hit $61bn, up from $54.7bn a year [...]
Facebook worth up to $100bn May 2, 2011 FACEBOOK is on track to top £2bn in earnings this year, according to leaked figures that suggest a $100bn (£60bn) value for the firm. A report in The Wall Street Journal states Facebook’s growth is well above the expectations that circulated when Goldman Sachs and Digital Sky Technologies invested in the closely held internet company. [...]
What bouncing dead cats can teach traders about markets May 2, 2011 WHEN it comes to free-falling stocks, as the adage goes, if you can keep your head while all around you are losing theirs, you have probably failed to properly grasp the situation. However, when the market starts to dive, you should keep an eye out for stock prices to do what has long been known [...]
United have too much power for the Gunners April 27, 2011 ARSENAL vs MANCHESTER UNITED SUNDAY – 2.05PM SKY SPORTS 1 THINGS were starting to go a little pear-shaped for Manchester United with their defeat to local rivals Manchester City in the FA Cup followed by a goalless draw at Newcastle. However, Javier Hernandez once again proved what an outstanding signing he has been for the [...]
Gold rush April 26, 2011 ■ Gold touches a fresh high of $1,518.6 per troy ounce ■ Prices for silver and diamonds also near record highs THE PRICE of gold surged to yet another all-time high yesterday as growing fears over a weaker dollar sent investors scrambling for the safest asset class of all. Gold hit an unprecedented $1,518.6 per troy [...]
Al Fayed bids for Pinewood April 20, 2011 Mohamed al Fayed is understood to be the second mystery bidder in talks to buy James Bond studio Pinewood. The colourful owner of Fulham Football Club is thought to have signalled his interest in making an approach for the iconic studios. It follows an £87.8m bid for the whole firm from Peel Holdings, run by [...]
Grocer takes on Amazon in film rentals April 20, 2011 TESCO’s acquisition of Blinkbox could see it go head-to-head with Amazon in a clash of the retail titans. Amazon recently bought movie rental site LoveFilm and is keen to develop its online movie streaming operations. It is understood Amazon plans to integrate LoveFilm into its Amazon Prime subscription service, giving its premium customers access to [...]
Argos dents Home Retail April 20, 2011 HOME Retail Group boss Terry Duddy yesterday unveiled a massive shake-up at its Argos chain with dozens of new ranges and the launch of a home shopping TV channel. The chief executive admitted that a profit slump at the discount retailer had been triggered by a downturn in high street spending but that more could [...]