Pay at Brevan Howard soars

first_img Show Comments ▼ Tags: NULL PARTNERS at Brevan Howard Asset Management, the largest hedge fund in Europe, shared a bumper payout of £86.1m at the height of the financial crisis, accounts revealed yesterday.Around 45 members of the trading firm – including founders Alan Howard and James Vernon, and corporate investors such as Swiss Re – shared the bonus pot despite the meltdown in equity markets in the eight months to March 2009. The pool was larger than the £66.4m distributed in 2007, although year-on-year comparison is not precise due to accounting changes.Operating expenses for the period, including salaries, came to £605.8m.Brevan Howard earned £700m in fees as its flagship Master fund sidestepped earth-shaking events such as the collapse of Lehman Brothers.The Master fund generated a return of 21 per cent in 2008 after cutting its leverage by 80 per cent and moving heavily into cash. Howard, a former Salomon Brothers trader, is said to be fixated with “black swans” – unpredictable events that can send markets into turmoil – and directed his fund managers to sell off risky equity exposure in the run-up to the credit crunch.Brevan Howard’s assets under management stand at $31.8bn (£20.6bn). Share Pay at Brevan Howard soars KCS-content center_img Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Tuesday 24 August 2010 8:44 pm whatsapp whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite HeraldTrading BlvdThis Picture of Prince Harry & Father at The Same Age Will Shock YouTrading Blvdlast_img read more

Apcims CEO David Bennett quits role

first_img THE Association of Private Client Investment Managers and Stockbrokers (Apcims) chief executive David Bennett stepped down at the organisation’s annual Brussels conference yesterday.Bennett’s departure follows that of the body’s head of regulation Ian Cornwall.It is understood Bennett will now focus on his role as deputy chairman of Europe Analytica, the public affairs company he co-founded in Brussels.Bennett joined Apcims in 2007 after a stint with the City of London’s EU office.He is a well known figure in the City, working closely with the FSA, Bank of England, Treasury, DTI and the Cabinet Office, working across London, Paris and Frankfurt. whatsapp Tags: NULL Share Thursday 7 October 2010 9:45 pm More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKansas coach fired for using N-word toward Black playerthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com whatsappcenter_img Apcims CEO David Bennett quits role Show Comments ▼ Video Carousel – cityam_native_carousel – 426 00:00/00:50 LIVERead More Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndo KCS-content last_img read more

CITY VIEWS: SHOULD UNIVERSITIES BE ALLOWED TO CHARGE WHAT THEY WANT?

first_imgMonday 11 October 2010 9:10 pm KCS-content by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was The Dream Girl In The 90s, This Is Her NowMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm CITY VIEWS: SHOULD UNIVERSITIES BE ALLOWED TO CHARGE WHAT THEY WANT? Show Comments ▼ Sharecenter_img whatsapp DHUGAL ROBERTSON | AXE“No. If you are going to pay for university, then you should be provided with job opportunities at the end of your degree and not with a load of debt.”GABI MASON | TESTPLANT LTD“University fees should be capped. If they aren’t, we’ll end up with a large division of students who can only afford to go to universities with low academic esteem.”MAYANK MISHRA | AVIVA“Universities should not be allowed to charge what they want, education should be available to people because they are talented and not because they have money.” Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap whatsapp Tags: NULLlast_img read more

Mail.ru eyes $878m IPO

first_img Share KCS-content whatsapp Tags: NULL Mail.ru eyes $878m IPO Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoMoneyPailShe Was Famous, Now She Works In {State}MoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndo Wednesday 27 October 2010 8:30 pmcenter_img whatsapp Show Comments ▼ FACEBOOK investor, Mail.Ru Group’s initial public offering (IPO) is up to two times oversubscribed with nearly two weeks left before pricing, financial market sources said yesterday.Fund managers said the organisers put total bids as of Tuesday night at $1.1bn. Mail.ru was looking to raise up to $876m in the sale of 16 per cent of its shares in a London IPO to be priced on 8 November. Another financial market source said that by yesteday the book was two times oversubscribed, including bids at market.The company set a range of $23.70-$27.70 per Global Depositary Receipt, for a total take of $749-$876m.“The demand is mainly from investors in Internet companies rather than traditional emerging market investors,” one of the sources said, adding that marketing had bypassed Russian investors altogether.The most eye-catching investments made by the company, formerly known as Digital Sky Technologies, led by two early investors in the Russian Internet, are in global social networking. More From Our Partners Mark Eaton, former NBA All-Star, dead at 64nypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKiller drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orglast_img read more

Rolls Royce wins £740m China plane contract

first_img John Dunne Tags: NULL by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity Timesmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorythedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure Solution More From Our Partners Kansas coach fired for using N-word toward Black playerthegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.com whatsapp Sharecenter_img Rolls Royce has secured a £740m order to supply engines for a fleet of Airbus A330 planes operated by China Eastern Airlines.The deal comes just days after it was suggested that a fault in a Rolls-Royce Trent 900 engine forced an aircraft to make an emergency landing.The incident is under investigation. China Eastern’s order is for Trent 700 engines and includes a long-term service agreement.“We are delighted that China Eastern continues to put its trust in our leading-edge Trent technology,” said Steve Miller, Rolls-Royce’s civil aerospace vice president in China.The British firm signed the deal on the first day of the Prime Minister’s trade mission to China.Liu Shaoyong, chairman of China Eastern, said the airline was pleased to be working with Rolls-Royce as it had found previously order Trent 700 engines to be “extremely effective in service.” Show Comments ▼ whatsapp Tuesday 9 November 2010 6:26 am Rolls Royce wins £740m China plane contract last_img read more

Premier Foods confirms bid talks for Quorn are on

first_img whatsapp alison.lock whatsapp More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comMark Eaton, former NBA All-Star, dead at 64nypost.com Friday 3 December 2010 7:20 am Sharecenter_img PREMIER Foods has confirmed it is in advanced talks with bidders for its Quorn meat-free business today, in an answer to speculation about a sale.In a statement Premier, maker of Hovis bread and Branston pickle, said it was open minded about selling the business and confirmed it had received bids from a number of parties including private equity firms and “multinational food groups.”The announcement is a response to reports that Nestle has approached it to buy the division, although Premier would not confirm this and the statement added that “there can be no guarantee” of a sale.Any deal would have to deliver shareholder value and speed up the reduction of Premier’s net debt to EBITDA ratio, it said, as it continues to struggle to reduce its debt pile. Net debt stood at £1.37bn at the end of June. In October, the company paid £167m to exit a series of interest rate hedging derivatives. Shore Capital analysts described Premier as “pension burdened and indebted”. “There are a lot of liabilities to cover within Premier, underlying trading profits are going backwards and we still question if there is much or anything in aggregate for equity shareholders,” they said.Premier’s shares, which had lost 95 per cent of their value by October this year, rose on the news of a bidder for the business, trading at a high of 19.25p today before falling back. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoMoneyPailShe Was Famous, Now She Works In {State}MoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBetterBe20 Stunning Female AthletesBetterBeUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoHealthyGem”My 600-lb Life” Star Dropped 420 Pounds, See Her NowHealthyGemUndoZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldUndo Premier Foods confirms bid talks for Quorn are on Show Comments ▼ Tags: NULLlast_img read more

CSC analysts doubt Simon’s £3bn bid talk

first_img Thursday 16 December 2010 8:42 pm KCS-content Show Comments ▼ Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof whatsapp Sharecenter_img Tags: NULL CSC analysts doubt Simon’s £3bn bid talk whatsapp SIMON Property’s £3bn indicative offer for Capital Shopping Centres (CSC) was largely met with scepticism from property experts yesterday. Analysts called for clarity over Simon’s motives following its 425p-per-share approach to buy the company on the condition it terminates its £1.6bn purchase of the Trafford Centre in Manchester. “It’s difficult to see whether Simon want the Trafford Centre for themselves, or want to take over Capital, or both or neither,” said John Cahill of Evolution Securities. “Trying to take over CSC at this price is inconsistent. Simon has complained the five per cent yield from the Trafford Centre deal is too expensive, but if it ends up bidding 450p then that places a five per cent yield on CSC’s existing assets.”Analysts at Liberum Capital said “there could be an element of spoof about the bid process” and put the fair value of a bid between 458p and 512p.“Thwarting the acquisition is the short-term goal and forcing an adjournment of the EGM to approve the transaction is the first success, but 100 per cent ownership of CSC can probably wait.” Meanwhile, bankers in the UK and South Africa did a roaring trade in CSC’s shares following the offer. Traders at UBS bought 3.5m shares before selling 2.1m, while Citigroup turned over 18m shares, or 2.6 per cent of the company, as the price rose. Simon has claimed some shareholders share its concerns about the Trafford Centre, but declined to name them yesterday. CSC closed 0.75 per cent up at 418.7p yesterday. Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoHealthyGem”My 600-lb Life” Star Dropped 420 Pounds, See Her NowHealthyGemUndolast_img read more

Towergate in £200m injection

first_img whatsapp ADVENT International has agreed to invest £200m in insurance intermediary Towergate Partnership. Advent, a global private equity firm, will acquire separate shareholdings in both Towergate and Cullum Capital Ventures as part of the deal.The deal, conditional upon Towergate raising new debt facilities through the bank and bond markets, is expected to be completed in mid-February. Towergate says refinancing of its existing debt facilities will reduce its total borrowings and “establish a long-term capital structure on more favourable terms”. Towergate will also use the cash to pursue its acquisition-led growth strategy.Towergate is the largest independent insurance intermediary in Europe, generating more than £2bn of gross written premiums a year. Andy Homer, chief executive of Towergate, said: “This transaction follows a strong year for Towergate despite the ongoing tough economic conditions. We will continue to invest across our business and maintain a strong focus on acquisitions, a strategy which has delivered significant value over the last decade.” Peter Cullum, chairman and founder of Towergate, said: “This marks an important milestone for Towergate and I am delighted to be working alongside Advent as our new private equity partner. “Advent’s investment provides real firepower as the group reignites its acquisition programme as part of our ambitious growth strategy.”ANDREW SIBBALDLEXICONANDREW Sibbald was the lead banker on the Towergate transaction. Sibbald is senior partner at Lexicon Partners, a corporate finance advisory business that he founded with others in 2000. Lexicon Partners focuses on providing M&A, capital markets and strategic financial advice to companies in the financial services, utilities, infrastructure and energy sectors. Since establishment, Lexicon has advised on over 225 transactions from its offices in London, New York and Hong Kong.Lexicon deals in just the last four months have included advising Lloyd’s insurer Brit Insurance on the £900m recommended offer by Apollo and CVC; fund manager Borealis Infrastructure with the Teachers’ Pension Plan on their £2.1bn acquisition of the Channel Tunnel Rail Link from the UK Government; US utility Nstar on its $6.9bn merger with Northeast Utilities and Russian oil firm TNK-BP on its $1.8bn takeover of certain of BP’s Vietnamese and Venezuelan operations.Also on the advisory team for Lexicon was Nick Chapman, a partner at Lexicon.DLA was also listed as advisers on the £200m investment by Advent International in Towergate Partnership. Share Monday 31 January 2011 8:25 pm Towergate in £200m injection by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search Adsautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldSenior Living | Search AdsNew Senior Apartments Coming Nearby Scottsdale (Take a Look at The Prices)Senior Living | Search Ads KCS-content Show Comments ▼ whatsapp Tags: NULLlast_img read more

Hammerson plans more acquisitions

first_imgMonday 21 February 2011 8:26 pm whatsapp whatsapp Share Show Comments ▼ Hammerson plans more acquisitions More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com REAL ESTATE owner Hammerson surprised the market with a 17.6 per cent rise in net asset value yesterday, lifted by a spike in its UK properties’ values.The retail-focused firm’s portfolio in the UK and France rose in value to £5.3bn in 2010, helping to lift net asset value per share to 495p. The company reported a pre-tax profit of £620.2m for the year, following a £453m loss in 2009.Hammerson has also lowered its debt gearing from 67 per cent to 52 per cent, and owed £1.8bn by the end of the year with £1bn of headroom from cash, liquidity and undrawn facilities.The company said disposals in 2010 helped raised £555m, of which £219m was invested in acquisitions.Chief executive David Atkins told City A.M. the firm will continue to acquire new properties in 2011. “This last year we have invested in every part of the portfolio and I see this continuing,” he said.“In the short-term, London is very strong in terms of growth but as we have proven out in the regions, even in a pretty challenging retail environment our share can grow.”It proposed a full-year dividend of 15.95p a share, up 3.2 per cent on last year. Hammerson shares closed up 1.7 per cent at 455.2p. KCS-content Tags: NULLlast_img read more

UK property market stagnant

first_img Wednesday 23 February 2011 6:04 am whatsapp Show Comments ▼ whatsapp More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com Sharecenter_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodaySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Herald The UK property market is still stalled, according to figures from the British Bankers’ Association.The BBA said mortgages approved by its members in January for home buyers were 29 per cent lower than a year ago.They approved just 28,932 loans for house purchase, although this was slightly higher than in December.Meanwhile property sales in the UK fell in January to their lowest level for a year, figures from HM Revenue and Customs (HMRC) show.Just 54,000 homes were sold across the UK last month, the smallest number since January 2010.Sales always fall sharply from December to January, traditionally the quietest time of the year for the property market.However, the figures chime with the continued low level of mortgage lending.“We are seeing little change in the borrowing environment for households or businesses at the start of 2011,” said the BBA’s statistics director, David Dooks. UK property market stagnant Tags: NULL John Dunne last_img read more