Focus on good quality shares and you won't go too far wrong

Article Abstract:

City analysts are very divided about the future direction of share prices. Some feel that Wall Street is very overvalued on several measures, and that the Dow will very probably see a sharp correction in the near future. This will inevitably have an impact on stock markets in the UK. Others feel that an incoming Labour government in the UK will inherit a strong economy and will introduce a sharp rise in interest rates, thus limiting consumer spending. This will cut inflation and make the equity market look increasingly cheap, thus pushing it to new highs.

Forecasts and trends, Stock-exchange, Stock exchanges

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Ritblat homes in on Stanhope

Article Abstract:

Stanhope, the property development concern which has experienced financial difficulties recently, has received a takeover bid from John Ritblat, owner of British Land. The latter company already holds a 29% stake in Stanhope, and will move towards gaining control of the 1 billion pounds sterling Broadgate development, which is 50%-held by Stanhope, if it takes over Stanhope completely. However, it must still persuade KPMG, receive to Stanhope's development partner Rosehaugh, to sell the remaining 50% of Broadgate.

Real estate industry, British Land Company PLC, Stanhope Properties PLC

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Hotels flotation signals early Lonrho break-up

Article Abstract:

Conglomerate concern Lonrho has announced plans to make an international public offering of shares in Princess Metropole Hotels. This deal, valued at 600-800 million pounds sterling, is part of a wider programme to break up Lonrho. It will almost completely eliminate Lonrho's debts, allowing it to go ahead with the sell-off of its food processing, agriculture and car distribution businesses. It is believed that Lonrho plans to separate its remaining mining and African trading operations shortly.

Conglomerate corporations, Mergers, acquisitions and divestments, Lonrho PLC, Princess Metropole Hotels

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