Euro Crisis Fuels Luxury House Price Rises
Updated: 2012-05-31 20:08:25
A round of disappointing US data overshadowed some rare positive developments in the eurozone and held the London market back today.
Rain dampened demand for outdoor products and building materials at Kingfisher-owned DIY chain B&Q this year, causing sales to slide 12 per cent in the first quarter.
Essar Energy shone like a beacon on gossips that the Ruia brothers have finally lost patience with the City’s low valuation of the group and are now drawing up plans to take it back private.
Sir Philip Hampton, chairman of the Royal Bank of Scotland, expressed his ‘profound regret’ for the huge losses incurred by private shareholders, but warned they will not get their money back in his lifetime and longer.