Britain’s bad bank sells off £2.7bn of loans October 14, 2014 GLOBAL investors yesterday snapped up £2.7bn of Northern Rock and Bradford and Bingley (B&B), in Europe’s biggest retail mortgage-backed security (MRBS) deal for three years. JP Morgan and Commercial First arranged the deal with UK Asset Resolution (Ukar), the unit responsible for the assets of the so-called bad bank parts of the collapsed lenders. The [...]
Bottom Line: New players have a better chance than most May 22, 2014 IT’S A tough one to call. At the same moment that Fat Face officially pulled its market listing, four other companies filed upbeat intentions to float – each convinced that they had the perfect formula that would have investors running for the shares. Despite the fickle market, some of them might actually be right. Zoopla has [...]
Bottom Line: New players have a better chance than most May 22, 2014 IT’S A tough one to call. At the same moment that Fat Face officially pulled its market listing, four other companies filed upbeat intentions to float – each convinced that they had the perfect formula that would have investors running for the shares. Despite the fickle market, some of them might actually be right. Zoopla has [...]
Dash to market as firms follow Saga to list in London May 22, 2014 LONDON’S stock market stampede hit full speed yesterday as a clutch of Britain’s best known companies announced their intention to float, despite concerns over saturation in the new issues market. Property website Zoopla and high street store B&M Retail both unveiled blockbuster floats, while over-50s insurance and holiday provider Saga priced its initial public offering [...]
$5m Sharethrough investment sees Sky target ad opportunity September 30, 2014 HUGE FTSE 100 media firm BSkyB revealed yesterday it had made a $5m (£3.1m) equity investment in Sharethrough, a San Francisco based online advertising technology company. The investment from BSkyB was part of a round of fundraising that raised $10m for Sharethrough, which provides native advertising services, that match ad campaigns to web pages. As [...]
Tyson sales up but it has beef with income November 17, 2014 TYSON Foods, the largest US meat processor, yesterday reported a better-than-expected quarterly profit. Sales increased 13.6 per cent to $10.10bn (£6.45bn) in the fourth quarter ended 27 September, Tyson said. But net income attributable to Tyson nearly halved to $137m, , down from $261m in the same period last year. “Operating income decreased for the [...]
Kingfisher November 25, 2014 Kingfisher, Europe's biggest home improvements retailer, The company, who runs the B&Q and Screwfix chains in Britain, said third quarter sales fell 3.6 per cent to £2.8bn. France saw the biggest drop and sales fell 9.3 per cent to 1,064m during the same period. [XX], chief executive, said: Its shares were trading [UP/DOWN] [XX] per [...]
Three Lions ready to maul lowly Lithuania at Wembley March 26, 2015 BEN CLEMINSON PREVIEWS ENGLAND V LITHUANIA HARRY KANE will swap the white of Tottenham for that of England tonight after his displays this season prompted a well-earned international call-up. He responded to Roy Hodgson’s decision in emphatic style, scoring a hat-trick against Leicester, as Spurs maintained their push for European football next term. It was [...]
Sky faces its big match in fight with BT for Premier League TV football December 2, 2014 Sometime early next year – and no one knows precisely when such is the secrecy surrounding the process – the Premier League will launch an auction to decide who will broadcast live matches for three seasons from 2016-17. And analysts are divided over whether Sky, which has held most of the broadcast rights since the [...]
M&S poaches John Lewis finance director Helen Weir November 17, 2014 Marks & Spencer has appointed John Lewis finance director Helen Weir as its own chief financial officer. In a statement posted this afternoon, the retailer said Weir has yet to confirm a start date. M&S' previous finance director, Alan Stewart, left suddenly in September to take up his new role at Tesco several months earlier [...]