| Demetriou lines up
PROPERTY finance and investment group Ashe Morgan Winthrop has appointed AFL chief executive officer Andrew Demetriou to its board. He will sit as a non-executive director on the company which arranges about $3 billion a year in property finance. Mr Demetriou said he was looking forward to bringing to Ashe Morgan Winthrop skills learnt through heading up the AFL and from his earlier career which included importing acrylic teeth and chairing a waste management company. Buyback complete FOSTER'S Group has completed an off-market share buyback, after returning $400 million to shareholders. The company said it had bought back shares at $5.90 each representing a discount of 14 per cent to the average weighted market price over the five trading days to April 5, of $6.8650.
TASE, shekel charge ahead despite scandals
Even rumors floating through the Internet during yesterday's trade, that one member of the Winograd Committee believes the government should have resigned following the war in Lebanon, failed to prevent stock market investors from buying goods. The graph of leading indexes yesterday shows a slow and steady rise throughout the day. A graph that covered, over a short session, a rise of no less than 2.4 percent for the Tel Aviv 25 − slightly more than 24 points − to an all-time high of 1,028.5 points.
One would think that in a country where the finance minister is under investigation for corruption, the government is faltering and the smell of elections is in the air, a country where the stock market is already at record levels following four consecutive years of unprecedented gains, one would expect to find some sign of concern.
UK small caps open higher with Garner strong following bumper FY ...
LONDON (AFX) - UK small caps were sharply higher in early trade, bucking the easier trend in wider markets, with Garner standing out in the wake of bumper full-year numbers, dealers said. The FTSE Small Cap index was 18.0 points higher at 4,019.3 by 9.20 am. The Footsie, however, was 9.8 lower at 6,314.4. Shares in Garner moved up 0.88 to 3.50 pence in response to bumper full-year results and an upbeat statement, while Provexis also added 0.63 to 3.75 after the developer of scientifically-proven functional and medical foods revealed it has entered into a long-term collaboration agreement with Unilever to develop a new format of its patented Fruitflow heart-health technology for application in Unilever's Food product portfolio. Coolabi, which specialises in the ownership and creative management of children's and family intellectual property assets and their global exploitation, hardened 0.25 to 1.62 in the wake of reduced losses at the half-way mark, and Latitude Resources put on 0.25 to 3.75 following a swing to profits at the interim stage.
SL Green approves stock buyback
Real estate investment trust SL Green Realty Corp. on Tuesday said it will repurchase up to $300 million worth of its stock, or about 3.4 percent of outstanding shares based on the current market price. The buyback program expires Dec. 31, 2008. SL Green lost a penny to close at $138.64 on the New York Stock Exchange. .
In a Shift, Pose Proxy Questions
Mutual-fund companies are proposing big investment-policy changes this year, with many asking shareholders for permission to put more of their money into foreign stocks and real estate just as those once-hot investments are slowing down. Mutual funds don't always have such issues, but this year is producing a barrage of proxy-voting ballots in shareholders' mailboxes from fund companies that haven't made such changes in a long time. Shareholders are also being bombarded with phone calls encouraging them to vote. Some common fund proposals requiring shareholder approval include voting on trustee changes, investment advisory agreements and changing certain investment policies. "This ... .
Nigeria: Tinapa - How a Good Leader Can Make a Difference, Says ...
In May 1999, Donald Duke, the governor of Cross River State, made a commitment to transform the state' economy, to create jobs and opportunities for all. He believed he could best achieve this through creation of a business tourism resort in Calabar's existing free Zone. April 2nd, 2007, President Olusegun Obasanjo commissioned the project. Mr. Sam Anani, CEO, Tinapa Business Resort Limited, in this interview explains how Tinapa Calabar came to reality. Read on. .
Preliminary 2006 Provident Financial plc Earnings Presentation - Final
JOHN VAN KUFFELER, CEO, PROVIDENT FINANCIAL PLC: Right, welcome everybody to our presentation on the 2006 preliminary results. As one of you remarked to me, I gather we've got a marathon session this morning and that is true. It is a fairly full presentation and that is because we've not just got the results, but also details of the de-merger and so on. And also we want to set the scene so that particularly all of you as analysts start off with the right sets of figures and so on, for looking forward as opposed to looking back. This just gives the order of play for today that I'm just giving a quick overview to start off with, followed by a financial review by Andrew Fisher here on my right, our Finance Director. That's followed by the UK business, UK home credit, Vanquis Bank and Provident Insurance being given by Peter Crook, on the far right who you know.
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