Channel Islands
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Hermes backs Leslau property fund
UK pension fund manager Hermes yesterday announced that it was backing Nick Leslau to manage a new fund designed to buy commercial properties.
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KKR seeks Safeway details
Kohlberg Kravis Roberts, the company interested in making a bid for Safeway, is understood to be frustrated about the amount of information it has received from the supermarket chain.
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Carillion and Amec scoop Highways Agency contracts
The Highways Agency yesterday awarded two more road improvement contracts worth £310m. Carillion won a £65m contract to upgrade the A74 dual carriageway between Carlisle and Guardsmill into a three…
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MEPC calls action on film studios
Private property group MEPC has been given the go-ahead to tear down the Leavesden film studios and replace it with a giant new facility aimed at rivalling Hollywood counterparts.
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S&N in £600m pubs sale talks with Nomura
Scottish & Newcastle is understood to be in advanced talks with Nomura International about the sale of around 700 of its pubs for between £600m and £700m.
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EU ministers question Brown’s spending proposals
European Union member states have attacked Britain’s public spending plans and rising deficit in a sign of growing concern about the breakdown of fiscal discipline in Europe.
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Nationwide slashes rates to 50-year low
Nationwide Building Society is cutting its variable mortgage lending rates to their lowest level for around half a century and fixed rates to the lowest level since launching 14 years…
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World eyes outcome of Monday’s toll launch
London’s congestion charge launch on Monday will be one of the most widely watched developments in transport in the world in recent years, writes the Financial Times.
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Kingfisher aims to net electricals business UK boss
Kingfisher is on the lookout for a high-profile City figure to chair its electricals business which it is planning to demerge in the spring.
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CBI to survey anger at Higgs report
The Confederation of British Industry is to survey the level of boardroom anger at the Higgs report’s recommendations on the role of non-executive directors.
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US factory output soars
Heavy industry in the US last month recorded its sharpest growth in production since July, and stockpiles expanded in December at the second fastest pace in more than two years,…
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Fund managers urged to reveal hidden costs
The Financial Services Authority (FSA) is to shortly publish proposals to increase the transparency of the hidden costs fund managers pass on to investors.