Thursday, 4 December 2008

(AFX UK Focus) 2008-11-25 10:57 UPDATE 1-Russia LSR 9-mth profit falls on portfolio revaluation (Interactive Investor)

MOSCOW, Nov 25 (Reuters) - Shares in Russian construction and real estate company LSR Group fell as much as 65 percent after the company said its nine-month earnings collapsed due to a portfolio revaluation. Net profit fell 82 percent to $44 million, from $249 million in the first nine months of 2007, the company said in a statement. Normalised net profit, which excludes the effect of the ...

A positive consensus
If one reads the views of some commentators on the buy-to-let industry, the situation appears unremittingly dire: one...

UPDATE 2-Thomas H. Lee mulls shrinking 2 funds - WSJ - Reuters

UPDATE 2-Thomas H. Lee mulls shrinking 2 funds - WSJ
Reuters - 7 hours ago
Hard-hit hedge funds run by Lee farmed out investor money to about 110 other funds, including SAC Capital Advisors and DE Shaw Group, according to the paper ...
Buyout Titan Weighs Hedge-Fund Revamp Wall Street Journal
Lee Sustains Losses, May Shut Down Two Hedge Funds
Thomas Lee May Close Fund Of Hedge Funds Shop FINalternatives
all 16 news articles


All about location
If 'Location Location Location' sounds like not just a TV programme title but a hackneyed phrase, tha...

Losses widen at McKay Securities (ShareCast via Yahoo! UK & Ireland Finance)
real estate investment trust McKay Securities saw its net asset value per share dive in the first half of its financial year, as the commercial property sector̢۪s slump worsened.

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