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September 26, 2011

The ongoing eurozone crisis as well as turmoil in the global economy have contributed to price growth in London’s luxury property market, according to research by multinational real estate firm Knight Frank.

The ongoing eurozone crisis as well as turmoil in the global economy have contributed to price growth in London’s luxury property market, according to research by multinational real estate firm Knight Frank.

The research shows that the price of prime properties in central London rose by 0.6% in September 2011 compared to the previous month, hitting an average of £3.97 million per house.

In the last 12 months, prices have grown by 11.4%, representing a price hike of £1,117, per day the study also found.

April 14, 2008

In a bid to attract institutional investors and boost its flagging stock price, cosmetics company Revlon has approved a reverse split of the company’s Class A and Class B common stock at a 1:10 split ratio.

In a bid to attract institutional investors and boost its flagging stock price, cosmetics company Revlon has approved a reverse split of the company's Class A and Class B common stock at a 1:10 split ratio.

Institutional money has shunned the stock as sub-par results and a dwindling share price have fallen well below the criteria set by many investors. The reverse split is scheduled for May or June and shareholders will receive one share for every 10 they hold, increasing the price 10-fold.

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