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 Tidal launch: The most pretentious lines from Alicia Keys' valedictory speech
- 3 Katie Hopkins attacked me on Twitter — so I reported her to the police for inciting racial hatred
- 4 Tidal: Jay Z's Spotify rival streaming service criticised for making wealthy artists even richer
- 5 Brixton squat flats now costing up to £3k per month show how out of control rent is in London
Britain First 'acting like Ukip henchmen' by invading meeting of activists in revenge for pub protest against Nigel Farage
Costa Concordia: Shipment of Mob drugs was hidden aboard cruise liner when it hit rocks off Italian coast, investigators say
Brixton squat flats now costing up to £3k per month show how out of control rent is in London
A new (old) cure for MRSA? Revolting recipe from the Dark Ages may be key to defeat infection
Turkey power cut: Prime Minister says nationwide blackout could be caused by terrorists
Ukip supporters are 55 or older, white and socially conservative, finds British Social Attitudes Report
Street preacher quoting from the Bible fined for calling homosexuality an 'abomination'
Woman filmed launching racist tirade against men on the Tube for speaking in 'own lingo'
The West has it totally wrong on Lee Kuan Yew
David Cameron calls Labour 'hopeless, sneering socialists' while announcing 7-day NHS plans
Revealed: Putin's army of pro-Kremlin bloggers
iJobs Money & Business
£45000 - £50000 per annum + benefits : Ashdown Group: A highly successful, glo...
£50,000 - £55,000: Neil Pavier: Are you a professionally qualified commercial ...
£45,000 - £55,000: Loren Hughes: Are you looking for a new opportunity that wi...
Circa £45,000-£50,000 + benefits: Sheridan Maine: Are you a newly qualified ac...