Inmarsat shares take off after private equity firms make buyout offer March 20, 2019 Shares in British satellite firm Inmarsat soared more than 16 per cent in early trading after it revealed it is in talks with two private equity firms over a buyout deal. Inmarsat last night confirmed it is in discussions with Apax Partners and Warburg Pincus, which have tabled a cash offer of $7.21 (£5.43) per [...]
Satellite telecoms firm Inmarsat boosts revenue due to in-flight broadband demand March 7, 2019 Satellite communications firm Inmarsat has reported increased revenue driven by demand for in-flight broadband. Shares in the company jumped more than five per cent as the company, which provides communications to ships, aircraft and remote locations, posted its full-year results. Read more: Satellite firm Inmarsat shares fall The figures Revenue increased by 5.3 per cent [...]
UK to build two communications satellites in deal worth in excess of €200m November 19, 2018 European satellites giant Eutelsat Communications has signed a deal worth in excess of €200m (£177.9m) to build two new satellites in the UK, business secretary Greg Clark announced today. The deal between Eutelsat and Airbus Defence and Space will see components and major parts for two new communications satellites assembled in the UK before final [...]
Inmarsat share price rises as Eutelsat confirms bid interest June 25, 2018 Shares in Inmarsat jumped today after European rival Eutelsat confirmed that it is considering an offer for the London-based satellite firm. The public interest from Eutelsat could spark a bidding war for the Old Street-headquartered Inmarsat, after US firm Echostar on Friday disclosed a stake in Inmarsat's equity and debt. Inmarsat has already rejected one approach [...]
These are the stocks to long and hortin the aftermath of Italy’s general election, according to algos at Quant Insight March 4, 2018 Italy’s general election today could have profound consequences on European markets, and certain stocks will be winners or losers. Analytics firm Quant Insight, which counts a number of global asset managers and hedge funds on its books, uses powerful algorithms to track which stock could benefit from specified outcomes. Ladbrokes Coral, Capita, Royal Dutch Shell [...]
FTSE 100 narrowly avoids fourth consecutive week of decline May 13, 2016 The FTSE 100 reversed early losses on Friday, but was held back by losses at Inmarsat and Coca Cola HBC. That's not bad for a Friday 13th. The FTSE 100 before today had closed lower on eight out of the past 11 of them. The UK's benchmark index closed at 6,138 points, with Inmarsat one of the largest fallers. While the FTSE [...]
Facebook will beam free internet down from space next year October 6, 2015 In its mission to bring internet connectivity to all parts of the world, Facebook is sending a satellite into space next year. Facebook is currently building Amos-6 in partnership with French satellite company Eutelsat. Once it is complete it will be launched into geostationary orbit above Africa, at which point Facebook will work [...]
BEST of the BROKERS May 20, 2012 FALKLAND OIL & GAS Merchant Securities has initiated coverage of the Falkland’s exploration company with a “buy” rating and a target price of 400p. The broker says the company holds the best exploration acreage in the Islands, with exploration risks no higher than elsewhere in the region. LONDON STOCK EXCHANGE Numis has upgraded the UK [...]
Morgan Stanley left with stock after TDC deal February 14, 2012 US INVESTMENT bank Morgan Stanley was last night reported to be left holding a sizeable percentage of the share offering in the Danish phone group TDC, after its private equity owners offloaded £626m worth of shares. Morgan Stanley, the lead arranger for the share issue, increased the size of the offering by 50 per cent [...]
Eutelsat reaches more TV homes September 15, 2010 One of the world’s largest satellite operators Eutelsat Communications yesterday said it is reaching nine out of 10 homes in those countries it serves, as it announced the key highlights of its bi-annual survey of television reception by satellite and cable homes. Eutelsat own satellites that provide coverage over the entire European continent, the Middle [...]