Fresh Eurozone debt fears see FTSE plunge to two-month low May 23, 2011 RENEWED concerns about the Eurozone debt crisis triggered a steep sell-off of Britain’s top shares yesterday, led by commodity stocks, with some analysts and investors seeing little on the horizon to tempt investors back into the market. The FTSE 100 index ended at its lowest closing level since 23 March, off 112.60 points, or 1.9 [...]
Satellite broadcaster BSkyB nears key 10m subscriptions October 17, 2010 SATELLITE broadcaster BSkyB is tipped to say it is edging closer to its target of 10m subscribers when it reports first quarter trading on Friday. Broker Numis Securities expects the group to reveal that it picked up 53,000 subscribers in the three months to September, leaving it with more than 9.9m customers. Numis also forecasts [...]
Carlyle buys B&B Hotels from Eurazeo for €480m September 29, 2010 US PRIVATE equity firm Carlyle Group has snapped up B&B Hotels from French holding firm Eurazeo in a deal valuing the chain at €480m (£413m). Eurazeo announced in July it was in exclusive negotiations with Carlyle to sell the budget hotel chain. B&B Hotels is France’s third-largest budget hotel group after Accor and Louvre Hotels, [...]
DMGT revenue is up despite local slump February 9, 2011 Daily Mail & General Trust (DMGT) saw its revenue rise five per cent after its business to business (B2B) operations outweighed another sluggish quarter for local advertising. The results were in line with forecasts but its shares dipped almost three per cent to 577p. Advertising revenue at the group’s national titles rose six per cent [...]
DMGT revenue is up despite local slump February 9, 2011 Daily Mail & General Trust (DMGT) saw its revenue rise five per cent after its business to business (B2B) operations outweighed another sluggish quarter for local advertising. The results were in line with forecasts but its shares dipped almost three per cent to 577p. Advertising revenue at the group’s national titles rose six per cent [...]
Murdoch snaps up The Shine Group for around £700m February 9, 2011 RUPERT Murdoch is set to buy the company his daughter founded after years of trying to get her to join the family company. News Corp has agreed to buy independent TV production company The Shine Group, which is responsible for hit shows including Master Chef and Ashes to Ashes, in a deal valuing it at [...]
Murdoch snaps up The Shine Group for around £700m February 9, 2011 RUPERT Murdoch is set to buy the company his daughter founded after years of trying to get her to join the family company. News Corp has agreed to buy independent TV production company The Shine Group, which is responsible for hit shows including Master Chef and Ashes to Ashes, in a deal valuing it at [...]
M&B profit fed by food sales September 23, 2010 PUBS and restaurants group Mitchells & Butlers yesterday reported a surge in food sales in recent weeks and said it was looking to make acquisitions as it re-shapes itself into a food-led business. M&B, which has over 2,000 pubs and restaurants and whose brands include Harvester, All Bar One and Toby Carvery, reported a 4.4 [...]
News Corp’s BSkyB bid could hit credit rating March 3, 2011 NEWS Corp could have its credit rating cut if it is forced to bid more than 850p a share for BSkyB, according to analysts at Jefferies. Shares in the broadcaster closed last night at a record 823p – far ahead of its pre-recession peak of 713p – on the expectation of a much improved offer [...]
Sky investors to play hard ball with Murdoch empire March 6, 2011 BSKYB investors are preparing to play hardball with Rupert Murdoch’s News Corp over its proposed takeover. Murdoch tabled £7.8bn in September to buy the 61 per cent of the broadcaster it does not already own but now investors are pushing for a price closer to £11bn. Talks between the two sides were broken off while [...]