Hints and tips:
...Deanna Kory, a broker with Corcoran Group, represented the owner of an apartment at 115 Central Park West that was listed prior to the pandemic for $12.95m but failed to sell....
...Today’s Lombard column focuses on the effect of a gambling crackdown on takeover deals: O= (1-P)/P....
...“We want to become a large, independent E&P company with international scale and geographical diversity,” he told the FT....
...Chief executive Breon Corcoran put it down to even greater efficiencies from the Betfair integration than expected....
...Corcoran is selling a two-bedroom apartment overlooking Central Park at 60th Street for $27.5m....
...The businesses are almost the same size and Breon Corcoran, the highly-regarded chief executive of Betfair would retain his job, as would Gary McCann, chairman of Paddy Power....
...The S&P 500 climbed 0.6 per cent to 2,096.29....
...Betfair changes the odds Investors in Betfair have two reasons to be grateful to Breon Corcoran....
...The shares opened down sharply yesterday and closed 22 per cent weaker at 50½p. Speedy was once a FTSE 250 company and seen as a stock market darling....
...During the past three months, Nike’s shares have climbed by 10.8 per cent – outpacing a 1.9 per cent rise in the S&P 500....
...Speedy Hire’s shares closed ½p, or 1.7 per cent, higher at 30p on Monday....
...The shares eased ½p to 30½p....
...Shares in Speedy fell 5p, or 11 per cent, to 38¼p on the news....
...The shares closed down 17.5 per cent, or 30¾p, at 145¼p on Thursday....
...The shares fell 12¼p to close at 176p. FT Comment Most companies make great efforts to get all their ducks in a row before they let on that they will ask for more cash....
...The shares recovered most of the day’s losses after the cut in interest rates revived hopes for increased spending in the construction sector, to finish ¾p off at 285p, but have still lost three quarters...
...However, group operating margin excluding the exceptional items fell 120 basis points to 13.7 per cent, a figure that disappointed analysts, whose ambivalent guidance sent the shares down 4½p to 677p....
...as much as the 19.3 per cent drop in home prices that Miami and Las Vegas, where the boom and bust in the housing markets has been most dramatic, suffered in the whole of last year, according to the S&P...
...“It is one of the most famous New York co-ops,” said Scott Durkin, chief operating officer of the Corcoran property group....
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