Sale casts doubt on asset values reported by Allied Nationwide

TIM HUNTER The sale of a 22-metre luxury motor launch for a sixth of its alleged value has cast doubt on other asset values reported by failed finance company Allied Nationwide. The vessel, Absolute, was recently sold by the receivers for $220,000, after having been listed in January last year as worth $1.3 million. Marine broker Neil Gurran, who was appointed by Allied Nationwide to sell Absolute last January, said the company Read more [...]

Cape to establish new UK listed Holiday Company

Tuesday, May 10, 2011 Further to the announcement by Cape plc ("Cape") on 2 March 2011, Cape today announces details of the proposed change to the corporate structure of the Cape Group (the "Group"). The restructuring proposals (the "Proposals") will put in place a new parent company for the Group, which will be Jersey-incorporated and UK listed, with its tax residence in Singapore and Jersey ("New Cape"). As referred to in Cape's announcement on 2 Read more [...]

Schools struggle in listed buildings

The Kings House, St Luke's, Broadfield House, the Wormholt ... it reads like a roll-call of minor public schools. In fact, all are listed buildings bought by the taxpayer to house free schools, the experimental institutions championed by the education secretary, Michael Gove.Ten of the first 17 free schools to be given the go-ahead have been bought listed homes, according to English Heritage. The Department for Education refuses to say how much it spent, but if the experience of heads who run Read more [...]

National fishing week goes from strength to strength

As National Fishing Month (NFM) goes from strength to strength, with over 90 events already listed nationally, the benefits of taking part continue to grow. Dean Macey, Commonwealth Gold Medallist decathlete and avid fisherman, who is kindly endorsing the initiative, has also promised to give up some of his precious time in order to spend a day fishing with ten lucky NFM participants. Everyone who has a go at fishing during National Fishing Month and who fills in the required participation form Read more [...]

Stunning Winnetka Home Featured in “Home Alone” Movie Listed for Sale at $2.4 … – PR

Luxury market homebuyers looking for a piece of cinematic history and refined Georgian charm need look no further than the new-to-market Winnetka home for sale. Featured in the family movie, Home Alone, this stately home is listed for $2.4 million by Marissa Hopkins, a broker associate with Coldwell Banker Residential Brokerage in Chicago.Conveniently located in the Chicago North Shore suburb of Winnetka, this red-brick colonial Georgian home sits dramatically on a beautifully landscaped half-acre Read more [...]

Listed franchise manager Retail Food Group launches surprise bid for Oaks …

Retail Food Group, the listed retail franchise manager behind Brumby's and Donut King, has made a surprise takeover bid for the debt-laden apartment-hotel company Oaks Hotels Resorts Ltd. The twist? The $94.7 million offer has been accepted by key Oaks directors, despite a key shareholder already claiming a majority stake in the target. RFG – which has more than 1,100 franchise outlets, including Michel's Patisserie and bb's café – says while at first it seems to have little in common with Read more [...]

Waterfront buildings ‘too high’

High-rise towers up to 20 storeys at the southern edge of the Perth waterfront redevelopment need to be scaled back to stop them blocking views of the Bell Tower from Kings Park, City of Perth planners say.Responding to the proposed Metropolitan Region Scheme amendment, the council's planning department has also warned that overshadowing and "wind impacts" on public areas need to be minimised.The Barnett Government's $440 million waterfront plan has buildings up to 37 storeys along The Esplanade, Read more [...]

Community Notes

Today * The deadline to get on the Linton City-Wide Yard Sale map is today. People from out of town will be following the Yard Sale Map, so if you are not on it, you might be missed. It is free this year to get your sale listed on the official yard sale map. Everyone having a sale or fundraiser needs to be on the map. * The meeting of the Executive Board of the Greene-Sullivan Special Education Cooperative will meet in executive session at 8:30 a.m. with the regular meeting to follow at 10:30 Read more [...]

China’s Listed Banks Post Strong Q1 Net Profit on Fees and Commission Income

May 9, China's 16 listed banks have reaped combined net profit of RMB 229.3 billion in the first quarter for 2011, mainly thanks to strong growth in fees and commission income and sound cost control.The nation's top five banks - Industrial and Commercial Bank of China Ltd. (1398.HK, 601398.SH), Bank of China Ltd. (BoC, 3988.HK, 601988.SH), China Construction Ban Corp. (0939.HK, 601939.SH), Agricultural Bank of China Ltd. (ABC, 1288.HK, 601288.SH) and Bank of Communications Co. Ltd. (BoCom, 3328.HK, Read more [...]

Real estate prices fall

The residential real estate market this spring has been as busy as it was last year, even without the $8,000 federal tax incentive, giving local agents hope amid falling prices.In Glendale, the number of homes sold in March grew by 50% to 84, compared with 56 at the same time last year, according to statistics from Keller Read more [...]