Spanish shareholders see chance for better treatment 28 Mar 2003 In Spain, a shareholder with a 25% stake could normally expect to control the company disadvantaging other investors. But the current battle for Metrovacesca gives shareholders an opportunity to change this accepted wisdom.
Investors want FSA to probe Canary Wharf 20 Mar 2003 Angry shareholders want London's regulator to probe the way the property developer discloses agreements with its tenants. In doing so, they are asking the FSA to tick off its own landlord.
Canary Wharf falls down 12 Mar 2003 Investors have knocked 27% off the developer thanks to its revelations about how bad the lettings market is. This is just one symptom of the crunch in London property. Past speculative building booms have taught property investors little.
Spanish corporate governance bows out, again 7 Mar 2003 Minority shareholders have already been trounced once by lowball bids in Spain s property takeover frenzy. Now it looks as though they re being stitchedup again. Suspicions of concert action in one of the bids are rife.
Moguls’ sons make phantom bids 19 Feb 2003 Fatherson rivalry may have motivated two recent bid approaches. First Richard Li tried to prove himself with a proposed bid for C&W. Then Tony Pidgley Jnr had a similar idea except he actually thought of tilting at his father s own business. Both bids have proved flaky.
Berkeley Group could face conflict of interest 18 Feb 2003 Tony Pidgley Jr is mulling a bid for the homebuilder founded and run by his father. An auction of the company would be the fairest way to go.
Vallehermoso in talks to merge with Sacyr 27 Jan 2003 Talk about a stitchup! Sacyr is Vallehermoso's controlling shareholder. It will take a lot to convince it's getting a fair deal. Terms are fuzzy, but it looks like Vallehermoso will offer E1.2bn in stock to acquire unlisted and unknown Sacyr.
Bank of England worried about house prices 20 Nov 2002 But investors in UK mortgage banks don t seem to be even though the last time house prices rose at a 30% clip was in 1989. A correction that is a fraction of the house price slump then could hit bank earnings hard.