Business news in brief
Tuesday 01 April 1997
Hammerson is thought to have rejected the idea of a hostile bid for property industry rival MEPC after the two companies abandoned merger talks. Both companies suffered heavily from the effects of the recession on the commercial property industry and MEPC has struggled to recover as quickly as Hammerson has under new chief executive Ron Spinney. The impetus for the talks is thought to have come from MEPC's leading shareholders, including PDFM.
Estate agents are at their most optimistic for three years, according to a survey by Birmingham Midshires building society. Four out of five believe the market is gathering pace. Though house prices have steadied in the last six months, they are 10 per cent higher than this time last year. Agents predict a further 6 per cent rise over the next year. Three- and four-bedroom homes are the most popular. One-bedroom properties are hardest to sell.
The chief executive of Tesco Personal Finance, the financial services joint venture between Tesco and the Royal Bank of Scotland, is to be Derek Sach, former managing director of 3i Group. Rowley Ager, a director of Tesco, is to be chairman.
The first quarter of 1997 was the quietest for stock market flotations for several years, according to a survey by KPMG Corporate Finance. Flotations were up from 16 to 20 but generated only pounds 246m, compared with over pounds 2bn in the the same period last year. KPMG said uncertainty over the election was partly to blame.
British Airways has clinched a five-year deal with Ryder to outsource its Ground Fleet Services vehicle management and maintenance work at Heathrow and Gatwick. Most of GFS's staff will move to Ryder and the remainder will take early retirement, voluntary redundancy or other BA jobs.
- 1 Disney heiress Abigail disowns her share of family profits in West Bank company
- 2 The secret report that helps Israel hide facts
- 3 'Women should not laugh in public,' says Turkey's Deputy Prime Minister in morality speech
- 4 Israel's propaganda machine is finally starting to misfire
- 5 HSBC closes bank accounts belonging to Muslim clients in the UK
A former custard factory, a Midlands bog and a Leeds cemetery all included in top 50 hidden spots in the UK
Sabina Altynbekova, the girl branded 'too good looking' for volleyball, says social media obsession with her is a 'bit much'
Disney heiress Abigail disowns her share of family profits in West Bank company
Drew Barrymore’s sister Jessica found dead in her car surrounded by 'dozens of white pills'
'Women should not laugh in public,' says Turkey's Deputy Prime Minister in morality speech
The secret report that helps Israel hide facts
Woman and two children killed by mob in riots over 'blasphemous' Facebook post in Pakistan
A day in the life of Vladimir Putin: The dictator in his labyrinth
Putin is 'thuggish, dishonest and reckless', says British ambassador to US
Richard Dawkins tweets: 'Date rape is bad, stranger rape is worse'
Boozy, ignorant, intolerant, but very polite – Britain as others see us
- < Previous
- Next >
iJobs Money & Business
£600 - £700 per day + competitive: Orgtel: Senior Investment Accounting Change...
£450 - £650 per day + competitive: Orgtel: My client, a leading bank, is curre...
£350 - £400 per day + competitive: Orgtel: Senior Analyst, ALM Data, Halifax, ...
£500 - £600 per day: Orgtel: Java developer - Banking - London - Up to £600/d...