London close: US sparks late rally
5th Nov 2009 16:21
A smaller than expected increase to the Bank of England's quantitative easing programme and and early surge on Wall Street helped Footsie overcome early losses and close in the blue. The central bank voted to pump an additional £25bn into the economy, taking QE to £200bn. It also kept interest rate
Read moreCompany round-up: Quintain, Grainger, Wincanton, RM
5th Nov 2009 12:30
Property developer Quintain Estates is to raise £191m through a deep discount right issue on a 3 for one basis at 49p. The discount is 72% to yesterday's closing price and is a 60.2% discount to the pro forma basic NAV per share of 123p. "The rights issue announced today is transformational, provi
Read moreThursday newspaper round-up: RBS, Vauxhall, Channel 4
5th Nov 2009 06:05
Senior managers at the Royal Bank of Scotland are scrambling to prevent widespread resignations following the publication of the bank's stringent bonus policy. City headhunters said they have been inundated with CVs from RBS bankers following the news that there would be no cash bonuses for 2009, sa
Read moreSmall caps round-up: Quintain, Leed Petroleum, Solomon Gold...
2nd Nov 2009 08:18
Quintain Estates is weaker Monday after the property developer confirmed it is considering an equity issue, thought to be about worth about £180m. It said no formal decision has been made and a further announcement will be made when appropriate. Oil and gas explorer Leed Petroleum has completed wi
Read moreSmall caps round-up: Quintain Eastates, Daisy, Vyke...
9th Oct 2009 09:19
Property developer Quintain and its joint venture partner Lend Lease Europe have sold the 999 year lease of the Millennium Dome, for £24m to Trinity College, Cambridge. As a 49% shareholder in the Dome, which is now known as the O2 Centre, Quintain will get £11.8m which, together with other trans
Read moreQuintain sells healthcare stake below book
11th Sep 2009 07:32
Property developer Quintain Estates has sold a stake in its healthcare property fund Quercus Healthcare Property Partnership at below book value to raise cash of £31.3m. The stake was sold at a 12% discount to the fund's reported NAV at July and a discount to Quintain's March valuation of £10.8m,
Read moreQuintain's Dwyer buys £50k stake
13th Aug 2009 16:33
Property company Quintain Estates has soared over 1400% from record lows in March, but bosses think the shares have further to go. Tonianne Dwyer, who joined Quintain in 2003 to head the fund management business, has spent £50,000 on 40,000 shares at 125p each. That takes 45-year-old Dwyer's stake
Read moreQuintain seeing early signs of recovery
29th Jul 2009 14:56
Property firm Quintain Estates said the speed at which property prices are declining has slowed significantly since 1 April, while some sectors of the property market are showing early signs of turning the corner. The company said rental collection in the second quarter remained strong at 99.5%, co
Read moreParkmead men buy 10m shares each
22nd Jun 2009 16:57
There's been heavy buying of investment company Parkmead recently, with bosses keen to snap up stock near historic lows. Non-executive chairman Colin Goodall and non-executive director Thomas Cross both bought 10m shares at 1p each. The £100,000 purchases take former BP man Goodall's stake to 12m
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