Hambro estate agent in the black
Friday 30 August 1996
The sharply improved performance was announced as shareholders were digesting the impact of the disclosure by Regent Pacific, which has specialised in breaking up underperforming investment trusts, that it had bought a 3 per cent stake in Hambros.
Hambro Countrywide, which is majority controlled by Hambros, reported a first-half return to profit of pounds 10.5m, compared with losses of pounds 5.8m last year.
Regent hopes for a meeting with Hambros as early as next week following a letter from Sir Chips Keswick, the chief executive, saying he would be willing to see his new shareholders.
Hambros has potentially powerful allies on its shareholder register. San Paolo, the Italian bank, has a 14 per cent holding and Guardian Royal Exchange almost 10 per cent.
GRE has the same chairman as Hambros, Lord Hambro, and Sir Edward Adeane, former private secretary to the Prince of Wales, is on both boards.
The only other large shareholder is Norwich Union with 4.87 per cent.
- 1 Scottish referendum: So how about the English now being given a chance to split from England?
- 2 Friends 20th anniversary: Alison Jackson photographs reunited cast
- 5 Free U2 album: How the most generous giveaway in music history turned into a PR disaster
Scottish independence referendum: A nation divided against itself
Scottish referendum results: Cross-party consensus collapses amid Tory-Labour spat on the 'English question'
Scottish independence: David Cameron is becoming the 'George Bush of Britain'
Russia freezes Ukraine into submission: Kiev admits country doesn't have enough fuel for winter
Archbishop of Canterbury admits doubts about existence of God
Portuguese academic says British are 'filthy, violent and drunk'
iJobs Money & Business
£400 - £450 Per Day: Clearwater People Solutions Ltd: **URGENT CONTRACT ROLE**...
Up to £100k or £450p/d: Saxton Leigh: My client is a leading commodities tradi...
£320 - £330 per day: Ashdown Group: The Ashdown Group have been engaged by a l...
To £75,000 + Pension + Benefits + Bonus: Saxton Leigh: My client is looking f...