Robert is Assistant Editor of Reuters Breakingviews, based in London. He has a special focus on investment, writing about it on a global basis. Robert worked for The Times, in London, in a variety of writing and editing capacities from 1998 to 2010. For nearly 10 years he edited the newspaper’s daily Tempus investment column. He was also deputy business editor, acting business editor, a leader writer, the chief obituaries writer and a news editor in the home affairs department. Prior to joining The Times, Robert worked on The Independent and the London Evening Standard. His most recent book is called The Unwritten Laws of Finance and Investment (Profile, 2010). As a part-time lecturer, Robert led the financial journalism specialism at The City University in London in 10 academic years between 1995 and 2007. Follow Robert on Twitter @RobertCole7
- Tel: +44 20 7542 7128
- E-mail: firstname.lastname@example.org
Backers Colony Capital and Eurazeo have sold 1.1 bln euros of shares in the French hotel group, halving their combined stake to 11.2 pct. That helps boss Sebastien Bazin, a former Colony employee, prove he is his own man – and makes Accor an easier sell to outside investors.
The midmarket retailer says pretax profit this year could rise just 0.4 pct – or nearly 7 pct. The lack of visibility is worrying. Given the fragility of the UK recovery, investors are right to mark the stock lower. Next’s share price premium doesn’t fit with near-zero growth.
Morrisons has written down store values by 16 pct and will slash dividends by two-thirds. It has already sliced shop prices. That follows similar, sensible moves by bigger rivals Tesco and Sainsbury. Quality of execution will now determine winners and losers.
- WPP is good value in a pricey sector
- London's FTSE can extend its record-breaking run
- Drinks can merger may yet get flattened
- Tesco's new chairman is logically logistical
- Can maker dons tin hat to reveal $6.6 bln approach
- Tesco urgently needs new chairman
- Heathrow upstarts have London's best airport plan