Viewpoint: Bank of England has lost grip on money markets, June 2008
Just when one thought things could not get much worse for debt-funded commercial property buyers, life over the past few months has done just that... Read full article »
Will the RMB remain a tightly controlled currency?, June 2008
The Chinese Yuan Renminbi (RMB) is allowed to appreciate by 0.3% per day against the US dollar, and with inflation rising sharply, the Chinese authorities may use this flexibility further, writes James Stretton. Read full article »
Estates Gazette: A binge so bad that the banks will take a long time to forget, March 2008
CMBS-driven lending boom was just as unreal as today's tight lending conditions. Read full article »
EG Capital: Viewpoint: New year sees return to pre-securitisation days, January 2008
News that the volume of completed commercial property deals in the last quarter of 2007 had fallen to just over £5bn, compared with £15bn the previous quarter and more than £20bn in the last quarter of 2006, indicates the rapid fall in the commercial property market. Read full article »
Marketwatch: What Next? What a Summer!, November 2007
John Walker examines the Credit Crisis and reviews the way ahead. Read full article »
EG Capital: Viewpoint: Crunch time has come
for property investors, September 2007
Property investors returning from their summer holidays and reading that a credit crunch is nigh must be experiencing a feeling of unreality. This will soon change when their Libor-based loans roll over and they discover that three-month Libor is trading at more than 1% over base rate – despite there being little likelihood of base rates rising by more than another 0.25%. Read full article »
Propertyweek: Swaps: Panacea or poisoned chalice?, September 2007
Sophistocated derivatives products may be a short-term fix hiding medium-term problems. Read full article »
Estates Gazette: Property companies are not
driving the derivatives boom, July 2007
Property investors cautious of veering away from traditional bricks and mortar. Read full article »
GlobalProperty: Forex hedges gain currency, March 2007
Those chasing higher yields from overseas markets should consider all the ways – some quite unexpected – in which foreign exchange risk can affect an investment. Read full article »
EG Capital: Derivatives have yet to find their niche markets, January 2007
With all the excitement over the arrival of REITs, the other recent property market innovation, property derivatives, has rather faded from the headlines. Read full article »
Estates Gazette: Caps, collars and swaps, 9 December 2006
Caps and collars may sound more like haberdashery than finance, but these tools, along with swaps, are used to minimise exposure to interest rate fluctuations. Read full article »
PPP Bulletin: PFI update, June 2007
Regular readers of this column will be well aware of the ongoing increase in interest rates over the course of this year, and far from breaking this trend, rates have recently continued to rise at a far greater pace. Read full article »
Estates Gazette: Foreign Exchange Risk is Blind Spot for European Funds, September 2006
Investors face capital losses if fund managers fail to hedge exposure. Read full article »
The Birmingham Post: Management Buyouts, June 2006
Completion day. Is this the end of the process or is it the end of the beginning? For the plethora of advisers that were associated with the MBO it may well be the end. For management and for the MBO investor it is most definitely the end of the beginning. Read full article »
The Publican: City & Business Clear Winners, March 2006
'The drive for greater transparency will make it very clear how well run pub companies really are - or not', writes John Rathbone. Read full article »
Scottish Enterprise Export Link: Foreign Exchange Risk, June 2005
Gravity seems to have taken hold of the US dollar. The recent volatility and underlying weakness of the world’s major reserve currency have highlighted the financial risks to which companies are exposed as they diversify their businesses beyond domestic borders. Read full article »
Scottish Banker: Securitisation, May 2005
There are many reasons why banks would choose securitisation to raise finance, but one of the most alluring is that it allows them to free up capital and make more loans from their books. Read full article »
