London office developer Great Portland Estates is not likely to secure a major letting to kickstart its planned 100 Bishopsgate skyscraper in the UK capital’s financial district for at least six months, its chief executive said. The company has a half share alongside Canadian developer Brookfield in the proposed skyscraper in the City financial district,...
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Tag Archives: joint venture capital funding
Lloyds Banking Group slumps to £3.8bn loss
Lloyds Banking Group, whose chief executive António Horta-Osório is currently off work with “fatigue”, warned it would fail to meet some of its key financial targets as the bailed out bank slumped to a £3.8bn loss in the first nine months of the year. Continuing to insist that the Portuguese-born banker would...
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Publicis sets up €150m digital venture capital fund
Publicis Groupe and telecoms giant France Télécom-Orange are investing €150m (£129m) in a new venture to fund digital start-up projects across the EU The capital investment fund will offer finance to budding entrepreneurs in the digital economy, particularly in France and the European Union, focusing on digital technology, content and...
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Move, Inc. Announces Third Quarter 2011 Financial Results
Move, Inc. (NASDAQ: MOVE), the leader in online real estate, today reported financial results for the third quarter ended September 30, 2011. Revenue in the third quarter of 2011 was $46.5 million, compared to $50.3 million in the third quarter of 2010. Net income applicable to common stockholders was $242,000,...
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Upstart Verastem challenges Wall Street with puzzling $50M IPO
Last July Christoph Westphal’s new biotech, Verastem, raised a hefty $32 million Series B round based on the promise of the developer’s cancer stem cell technology and a trio of noted scientific founders from MIT. Today, with its programs still at a preclinical stage and Wall Street turning a cold shoulder to...
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