German parent eyes TUI bid

February 24th, 2010 |

Germany’s TUI AG – Europe’s biggest tour operator – has held secret talks with banks about an audacious multi-billion pound plan to bid for the 48pc of FTSE 100 holiday company TUI Travel that it does not already own.

Click here for full Article

Pound faces a ’savage’ reaction if deficit cut too aggressively, UBS warns

February 24th, 2010 |

With the economy barely crawling out of recession, a rapid fiscal retrenchment would be treated to a “savage” reaction in foreign exchange markets, according to a new report by strategists at Swiss bank UBS.  Now is porbabley the best time to purchase in the USA, with the low housing prices and the pound set to weaken.

Read full Article

Starwood gets $7 million in Lee County properties

February 24th, 2010 |

Starwood Land Ventures, a Bradenton-based company backed by giant investment house Starwood Capital Group Global, has purchased the Florida properties of financially troubled builder Tousa Homes – including $7 million worth in Lee County.

Click for full Article