Financial Time (Free subscription) | yesterday
J Sainsbury was last night still in the dark over the whereabouts of 10 per cent of its stock, two days after Robert Tchenguiz was forced to rapidly unwind his stake...
Joystiq (Free subscription) | 09/10/2008
Filed under: Business SCi announced that Aaron Brown has stepped down as non-executive director of the company, just about four months after joining . Brown worked for investor Robert Tchenguiz and no reason was given for the resignation, nor does the company have any plans to replace him. We weren't sure what this meant, so we picked up the bat phone and asked Wedbush Morgan analyst Michael Pachter...
DealBook (Free subscription) | 09/10/2008
Many fortunes have been lost amid the global credit crisis. But losing 1 billion pounds in just 24 hours? That would be Robert Tchenguiz, the British property magnate, who was forced to sell his stakes in J Sainsbury and Mitchells & Butlers — because of the troubles roiling Iceland’s collapsing banks, The Financial Times reported. Mr. Tchenguiz, [...]
Tim Worstall (Free subscription) | 09/10/2008
This is interesting. Could he be the first major investor to go broke in this deflation of the asset bubble? Demands for the recall of loans from crisis-stricken Icelandic bank Kaupthing have forced property tycoon Robert Tchenguiz to sell major stakes in J Sainsbury and Mitchells & Butlers, Britain’s largest pub operator, realising estimated losses running [...]
Money is the way (Free subscription) | 09/10/2008
It's a funny old world. Robert Tchenguiz, the property entrepreneur, has just lost £1 billion in twenty-four hours. No, not down the back of the sofa. He was forced to sell his stakes in J Sainsbury and Mitchells & Butlers. All to do with some Icelandic mofos. I can't be bothered to go into the details. But get this - according to the Financial Times this morning, Bobby is feeling all
Globe and Mail (Free subscription) | 09/10/2008
U.K. grocer J. Sainsbury PLC posted quarterly sales towards the top end of forecasts, but its shares tumbled as major investor and property tycoon Robert Tchenguiz sold his stake and amid concern over shoppers switching to cheaper stores. Shares in Britain's No. 3 supermarket group fell as much as 17.9 per cent to a four-year low of & 2.59 ($5.02) as talk swirled that Mr. Tchenguiz was looking to sell...
The Herald (Free subscription) | 09/10/2008
Healthy sales figures from supermarket J Sainsbury yesterday were overshadowed by the sale of a 10% stake in the company by property tycoon Robert Tchenguiz.
Financial Time (Free subscription) | 09/10/2008
Vincent Tchenguiz, the wealthy real estate entrepreneur and Robert Tchenguiz's younger brother, said yesterday that his business remained safely financed in spite of...
Scotsman.com (Free subscription) | 09/10/2008
SAINSBURY'S last night confirmed that property tycoon Robert Tchenguiz had sold his 10 per cent stake in the supermarket group.
FT.com - Europe homepage (Free subscription) | 09/10/2008
Robert Tchenguiz, the property entrepreneur, lost £1bn in just 24 hours after being forced to offload his stakes in J Sainsbury and Mitchells & Butlers as the fallout of the Icelandic banking crisis hit corporate UK
The Telegraph (Free subscription) | 08/10/2008
J Sainsbury shrugged off the consumer downturn to deliver a better than expected 4.3pc rise in likeforlike sales - but the shares fell sharply after Robert Tchenguiz's 10pc stake in the business was sold.
Great apps (Free subscription) | 08/10/2008
Icelandic banks are urgently liquidating positions and calling in loans in an effort to prop up their country's financial position. Consequently, some of their best customers have suddenly found themselves with demands for immediate repayment of loans. Robert Tchenguiz, via his investment vehicle R20, has been a big borrower from Iceland’s Kaupthing with whom he financed the conversion of his CFD position...
Reuters UK (Free subscription) | 08/10/2008
LONDON (Reuters) - Entrepreneur Robert Tchenguiz has sold his 25 percent stake in pubs group Mitchells & Butlers , a source familiar with the situation told Reuters.
The Telegraph (Free subscription) | 08/10/2008
Bahamabased billionaire Joe Lewis has acquired a 29.7pc stake in pub group Mitchells ? Butlers M'B from property tycoon Robert Tchenguiz.
Times Online (Free subscription) | 08/10/2008
Joe Lewis, the British billionaire who lost more than £500 million on his investment in Bear Stearns, has bought a 25 per cent stake in Mitchells & Butlers (M&B), the pub operator, from Robert Tchenguiz, Times Online has learnt.
