Liberty unveils demerger as profits tumble March 9, 2010 LIBERTY International will split its retail and commercial property businesses in a bid to “achieve greater value for shareholders.” The shopping centres arm of the business will become a real estate investment trust (REIT) called Capital Shopping Centres (CSC) with a market cap of around £2bn. And its London based portfolio will become Capital & [...]
You should shop elsewhere March 9, 2010 LIBERTY didn’t suffer as much as rivals during the recession, which is why it isn’t bouncing back quite so energetically. Consensus forecast for net asset value (NAV) per share was between 480p and 500p, but those expectations were always too high. That said, even the bears were disappointed by the actual NAV per share of [...]
SMEs survive the recession November 8, 2009 SMALL and medium enterprises (SMEs) have proved more resilient to the recession than previously thought, according to new research published today by Kingston University. As a result of their greater flexibility and ability to adapt to changing conditions, the research found that nearly half of all SMEs were able to either maintain or increase their [...]
CAREERS CLINIC November 4, 2009 RICHARD REID, PINNACLE PROACTIVE I’m stuck in a rut in my job, but don’t want to leave my company at the moment. What can I do to feel more enthusiastic about my working life? THE most important thing you can do is to speak to someone – your manager, an HR person, even colleagues. Suffering [...]
REVEALED: HUGE COST OF BBC MOVE August 5, 2009 THE BBC’s controversial decision to move part of its operations to Salford will cost a staggering £876m, City A.M. can reveal, provoking outrage among the state-funded broadcaster’s commercial rivals. And according to confidential documents leaked to this newspaper, moving the five divisions – which include sports and children’s – to Salford’s Media City development near [...]
BEST OF THE BROKERS June 15, 2009 WORKSPACE GROUPPanmure Gordon upgraded its 2010 estimated dividend per share and net asset value for Workspace Group. The broker was encouraged by Workspace’s final results and feels it is de-risked following its rights issue, debt restructuring and ongoing disposal programme. The analysts rate the stock as a “buy” with a target of 20p. BRITISH AIRWAYSBA’s [...]
Workspace rises on higher NAV June 8, 2009 Workspace Group, the small business landlord, reported a wider full-year pre-tax loss on a decline in commercial property values, but shares of the company rose as its net asset value per share came in ahead of market estimates. The firm posted a pre-tax loss of £360.4m for the year to the end of March, compared [...]