Newsheadlines – Friday 15th February


Warren Buffet has teamed up with Jorge Lemann, Brazil’s second richest man, to agree a shock £18bn takeover of US consumer giant Heinz. The biggest takeover of the year so far and the fourth largest food and beverage acquisition of all time underscores the rising tide of deal making and has raised the hopes of bankers that merger and acquisition activity will accelerate. Telegraph B1; FT, p1


Bankers and hedge fund managers are expected to fuel  a property resurgence by splashing out on smart London addresses in districts such as Fulham. Savills reports that buyers expecting bonuses have returned to the real estate hunt in the past few weeks. Prices for the upper tier of properties in Fulham, Chiswick, Islington and Wandsworth are 8.3% to 20.6% above their level at the housing market’s peak in 2007. Anne Ashworth, Times, p55

Urban Spaces featured in Times Bricks & Mortar for a school conversion- The Paragon! Claire Carponen, Times B&M, p3


After an unexpectedly profitable 2012 and a reduction in the number of bankers competing for their share of the spoils, bonuses have started appearing in the banking industry. Goldman Sachs has set the pace with a 6% hike in its compensation pool pushing the average estimate pay out up to £257,746. Sam Coates, Times, p55

Personal Finance

The value of UK savings and pensions could reduce by up to 20% by an EU tax on financial deals. The EU commission says a new levy would raise £30billion a year. Just 11 out of 27 EU members are happy to adopt the tax which will impose a levy on all dealings in stocks, bonds, pension funds and other investments. Alison Little, Daily Express, p1, 7


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