Bizview: Today's top business news

British Prime Minister David Cameron (left) shaking hands with Singaporean PM Lee Hsien Loong during his official visit to the Republic, on July 29, 2015.
British Prime Minister David Cameron (left) shaking hands with Singaporean PM Lee Hsien Loong during his official visit to the Republic, on July 29, 2015.ST PHOTO: LAU FOOK KONG

British premier wants Singapore investors to tap opportunities in north England

British Prime Minister David Cameron urged Singaporean investors to widen their horizons beyond London while looking for investment opportunities in his country. Speaking at a seminar on Wednesday, Mr Cameron highlighted opportunities in the north of England even as he emphasised on the need for strong business ties between Singapore and Britain.

AIMS AMP Reit's Q1 DPU up 7.8%

Mainboard-listed AIMS AMP Capital Industrial Reit (AA Reit) posted a distribution per unit (DPU) of 2.75 cents for the first quarter of financial year 2016, up 7.8 per cent from 2.55 cents for the year-ago period. For the three months ended June 30, the trust saw gross revenue grow 10.7 per cent year-on-year to $30.3 million, while net property income rose 3.7 per cent to $20.2 million.

Global Logistic warehouse deal, making it 2nd-largest owner of US industrial real estate

Global Logistic Properties Ltd., whose biggest shareholder is Singapore sovereign wealth fund GIC, agreed to buy more than 200 warehouses from Industrial Income Trust Inc. for US$4.55 billion. The deal will make it the second-largest owner of US industrial real estate.

CapitaLand Retail China Trust Q2 DPU up 5.4%

Mainboard-listed CapitaLand Retail China Trust (CRCT) said on Wednesday that distribution per unit (DPU) for rose 5.4 per cent to 2.73 cents for the second quarter ended June 30, 2015, from 2.59 cents for the year-ago period. This was on the back of a 5.3 per cent increase in net property income to $36 million for the quarter.

CDL Hospitality Trusts Q2 DPS falls 10%

Distributable income fell for CDL Hospitality Trusts in the second quarter, on the back of higher financing costs and the weakened Australian and New Zealand dollars. Distribution per stapled security (DPS) fell 10 per cent to 2.25 cents for the three months to June 30, 2015, from 2.5 cents for the year-ago quarter.

Facebook co-founder Eduardo Saverin, Temasek invest in Asian tech startup fund

Facebook co-founder Eduardo Saverin and Temasek Holdings, Singapore's state-owned investment company, are among the main investors in a new venture capital fund that will take stakes in technology companies in Southeast Asia. The Golden Gate Ventures Fund II LP has already raised US$35 million (S$47.72 million) and expects to gather an additional US$15 million, said Vinnie Lauria, managing partner of Singapore-based Golden Gate Ventures, in an interview on Tuesday.

Rollercoaster China stock market has more room to drop, say analysts

Fasten your seat belts investors: China's volatile stocks still have room to drop, but analysts say keeping the rollercoaster on the tracks will depend on how the government manages its eventual exit from the market.