Banks Still Aim To Cut UK Property Loans But See No Sales Soon
9th Jun 2010 16:24
By Anita Likus Of DOW JONES NEWSWIRES LONDON (Dow Jones)--While U.K. banks are still seeking to reduce their commercial property loan books, industry experts aren't holding their breath for waves of property disposals and urged potential buyers to be patient. Speaking at Savills PLC's (
Read moreSavills buys Australia's Incoll Management
29th Mar 2010 07:56
Real estate advisor Savills has agreed to buy Incoll Management, an Australian project management and building consultancy business, for AUS$13m (£8m). All consideration payments will be settled in cash out of existing resources, including debt facilities, the group said. Incoll, which provides p
Read moreCairn boss raises nearly £3m
24th Mar 2010 16:49
Cairn Energy chief executive Sir Bill Gammell has raised nearly £3m from a share sale. Sir Bill sold 721,042 shares in the oil and gas producer and explorer at 414.4p each. He retains 3.21m shares, which is equivalent to 0.23% of the company's share capital. There have been two other sales by Si
Read moreFriday tips round-up: Investec, Savills, Aegis
19th Mar 2010 06:45
Shares in Investec, the South African lender with a dual listing in London, have gained 26% since the start of the year ? a performance that will see it promoted to the FTSE 100 index for the first time next week. Overall, Investec has risen more than threefold in value since floating over here in 2
Read moreLondon close: Weak finish as banks retreat
18th Mar 2010 16:35
London closed in the red after a mixed opening on Wall Street as banks and miners ran into profit taking. Among the big caps, GlaxoSmithKline was the best performer, after rival drug group, Switzerland's Novartis, had to hand back US rights of a drug widely considered a generic copy of Glaxo's top
Read moreLondon afternoon: Back to square one
18th Mar 2010 15:19
A mixed opening on Wall Street has provided no guidance for a similarly rudderless London market. Among the big caps, GlaxoSmithKline is the best performer, after rival drug group, Switzerland's Novartis, had to hand back US rights of a drug widely considered a generic copy of Glaxo's top selling
Read moreLondon midday: Second liners hog the limelight
18th Mar 2010 11:54
While the FTSE 100 is becalmed most of the action is taking place in the FTSE 250 today, where a mixed bag of announcements has prompted varied share price reactions. Electronic components distributor Premier Farnell powered ahead after reporting full year sales and underlying profits for fiscal 20
Read moreLondon open: Banks lead decline
18th Mar 2010 08:26
London's top stocks have slipped back in early dealings on Thursday, with banks leading the index lower. Lloyds Banking, Barclays and Royal Bank of Scotland are the three worst performers on the Footsie, closely followed by HSBC. Bakery and sandwich chain Greggs saw full-year profits come in sligh
Read moreLondon pre-open: Early dip expected
18th Mar 2010 07:44
Footsie is expected to slip back even after the Dow Jones in the US closed at an 18-month high. Bakery and sandwich chain Greggs saw full-year profits come in slightly better than expected and said it is well placed to achieve a year of further progress in 2010. Pre-tax profit came to £48.8m the 53
Read moreStrong second half for Savills
18th Mar 2010 07:01
Things started looking up for estate agent Savills in the second half of 2009, particularly in the Asia Pacific region and in the UK residential market. The company’s revenue eased to £560.7m in 2009 from £568.5m in 2008, with all business activities showing a decline except for Property Management
Read moreLondon close: RBS leads the charge
4th Jan 2010 17:12
A strong start to the year on Wall Street gave London a boost, prompting the blue-chip index to finish at its highest point for the day. Part-nationalised lender Royal Bank of Scotland's led the advance after Exane BNP Paribas suggested that 'fundamental (rather than purely speculative) investor in
Read moreLondon afternoon: Buoyant Wall St. lifts London
4th Jan 2010 14:38
Shares added to the morning's gains over the lunchtime session, as investors correctly predicted a firm opening on Wall Street. The sale of Royal Bank of Scotland's Pakistan unit has fallen through after the deal failed to get the necessary regulatory approvals and complete before the 31 December d
Read moreLondon midday: Broker tip lifts RBS
4th Jan 2010 12:10
Leading shares moved into consolidation mode late in the morning session, with resource stocks the best performers. Cairn Energy remains the top gainer on news that the oil explorer has secured a second drilling rig to assist its exploration programme in the Disko West area offshore Greenland in th
Read moreFriday tips round-up: Savills, Wood Group, McBride
18th Dec 2009 06:42
Savills, the upmarket property company, produced a reverse profits warning yesterday, saying its earnings would be appreciably ahead of expectations. Notwithstanding 50 % top rates and supertaxes on bankers' bonuses, it seems the top end of the property market is holding up rather nicely. The share
Read moreLondon close: Banks spooked by higher capital call
17th Dec 2009 16:34
Banks sank on a call for tougher capital requirements and coupled with a weak mining sector it meant a poor day in London. Lloyds Banking took a pasting, while Standard Chartered and Barclays were also among the worst performers. The Basel Committee of central bankers and supervisors called for st
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