London open: Investors raise a glass to RBS's pub sale
Metal prices are on the rise, prompting demand for metal diggers such as Vedanta , BHP Billiton and Antofagasta . One of the big beasts of the sector, Rio Tinto , has given the green light to an additional $2.7bn capital investment to modernise its aluminium smelter in Kitimat, British Columbia. This new investment will allow for completion of the $3.3bn project in 2014. The Kitimat modernisation project will increase the smelter's current production capacity by more than 48% to around 420,000 tonnes per year. Banks are led higher by Royal Bank of Scotland (RBS). The debt-laden government-owned lender has sold its tenanted pub business to Scottish & Newcastle Pub Company (S&NPC), a subsidiary of Dutch brewer Heineken. The business, which comprises 918 pubs across the UK, has been operated since 1999 by S&NPC under a management agreement. As a result of the sale, RBS received cash proceeds of around £422m. House builder Berkeley Group is wanted after it saw profit before tax rise by 64.1% to £101.1m in the six months ended October 31st from £61.6m the year before. The figure was inflated by a £30.1m profit on the disposal of a 51% shareholding in a post-graduate accommodation scheme for Imperial College at Clapham Junction. Revenue rose 20.4% to £404.9m from £336.2m. In Central London, demand for prime residential property in good locations remained strong over the period as a whole and this has seen Berkeley increase its level of forward sales by 15.2% from £813.5m to £937.2m, the company said. The prolonged courtship of content creation software developer Alterian by document and patent translation specialist SDL is drawing to a close. The two companies are set to tie the knot, with Alterian agreeing to a deal worth 110p a share, a premium of around 73.2% over the share price of Alterian on the day before SDL 's bid interest became public. The ShareCast news service is operated by Digital Look Ltd .
Building Insurance For Tenanted Property - News
RBS sells 918 UK pubs to Heineken for $662 mln
The Bank of England said on Thursday Britain's banks should build up capital buffers as increased insurance against an "exceptionally threatening" environment still dominated by the euro zone debt crisis. Sources told on Monday RBS was
London open: Investors raise a glass to RBS's pub sale
House builder Berkeley Group is wanted after it saw profit before tax rise by 64.1% to £101.1m in the six months ended October 31st from £61.6m the year before. The figure was inflated by a £30.1m profit on the disposal of a 51% shareholding in a
Unoccupied Home Insurance policy Is Pricey But Value It | House ...
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Building Insurance For Tenanted Property - Bookshelf
Cutting for Stone
Creator: Abraham Verghese | Fiction -
Marion and Shiva Stone are twin brothers born of a secret union between a beautiful Indian nun and a brash British surgeon at a mission hospital in Addis Ababa.
Publisher: Vintage
Water for elephants, a novel
Creator: Sara Gruen | Fiction -
Surprising, poignant, and funny, "Water for Elephants" is that rare novel with a story so engrossing, one is reluctant to put it down; with characters so ...
Publisher: Algonquin Books
The Case for Christ, A Journalist's Personal Investigation of the Evidence for Jesus
Creator: Lee Strobel | Religion -
Strobel's tough, point-blank questions make this remarkable book read like a captivating, fast-paced novel. But it's not fiction.
Man's Search for Meaning
Creator: Viktor E. Frankl | Biography & Autobiography -
Viennese psychiatrist tells his grim experiences in a German concentration camp which led him to logotherapy, an existential method of psychiatry.
Publisher: Beacon Pr
WORTH DYING FOR
Creator: Lee Child | Fiction -
A follow-up to 61 Hours finds anti-hero Jack Reacher clashing with an organized crime family that is terrorizing Nebraska corn country in their efforts to ...
Publisher: Dell Pub Co