How the Tottenham Hotspur Stadium was designed and the future of football grounds August 27, 2019 The third of April 2019 was a big day for Christopher Lee. After months of delays, speculation and criticism the Tottenham Hotspur Stadium officially opened its doors, with Spurs facing Crystal Palace in the Premier League. For the stadium’s project director it was the culmination of eight years of hard work – a chance for [...]
Apollo’s £3.3bn buyout of RPC Group melts away as plastics giant turns to ‘superior offer’ from Berry Global March 8, 2019 A US rival has hijacked the £3.3bn takeover of plastic packaging giant RPC Group by private equity firm Apollo Management. RPC accepted an offer in January by private equity firm Apollo Global Management after months of negotiations, but this has been ditched in favour of a “superior offer” by Berry Global. Read more: RPC's £3.3bn [...]
Berry Global gets deadline to hijack Apollo’s RPC Group takeover February 19, 2019 Berry Global, the US firm trying to hijack an agreed £3.3bn takeover of plastic packaging giant RPC Group, has been given a 13 March deadline to announce a concrete intention to make a counter offer. RPC accepted an offer in January by private equity firm Apollo Global Management after months of negotiations. But Berry, another [...]
Unilever facing growing shareholder revolt over plans to abandon London PLC September 17, 2018 Consumer goods giant Unilever is facing shareholder revolt over plans to move its headquarters from London to the Netherlands, with more City investors saying they will vote against the decision. Brewin Dolphin today became the latest investment manager in the Square Mile to object to the move, which will see the FTSE 100 stalwart leave [...]
Unilever facing growing shareholder revolt over plans to abandon London PLC September 17, 2018 Consumer goods giant Unilever is facing shareholder revolt over plans to move its headquarters from London to the Netherlands, with more City investors saying they will vote against the decision. Brewin Dolphin today became the latest investment manager in the Square Mile to object to the move, which will see the FTSE 100 stalwart leave [...]
City Moves for 16 January – who’s switching jobs at Orchard Street, Crowell & Moring and Stephens Rickard? January 16, 2019 Who’s switching jobs today? Orchard Street Orchard Street Investment Management, the specialist commercial property investment manager, announces the expansion of its leadership team with the promotion of Tom Chadwick to partner. Tom joined Orchard Street in 2014 as investment transactions manager following a successful six-year track record at Aviva Investors, where he started his career [...]
Aviva readies to float new £200m commercial property real estate investment fund (REIT) November 7, 2017 Aviva has become the latest firm to back London’s post-Brexit property market, announcing it will float a new investment company focusing on UK commercial real estate. The real estate investment trust (Reit) from Aviva Investors, the alternative investment branch of insurance firm Aviva and the largest manager of UK commercial property, with £24bn under management, [...]
Value of inward UK M&A deals falls by £15.8bn September 4, 2018 The value of mergers and acquisitions (M&A) of UK companies by foreign businesses fell by £15.8bn between April and June this year. The drop, from £22.3bn to £6.5bn, reflected the absence of high-value transactions that were seen in previous periods, the Office for National Statistics (ONS) said. Read more: Petrol station merger could drive up fuel prices, [...]
Plastic packaging giant RPC Group revenues down after weak Christmas, as it ramps up Brexit stockpiling February 1, 2019 RPC Group’s shares fell slightly this morning as the company admitted weak Christmas trading had impacted revenues. The firm, one of Europe’s biggest plastic packaging makers, said Brexit stockpiling had also hit cash flow in the period as it looks to alleviate disruption from the UK’s exit from the EU. Read more: Private equity group [...]
Ashtead chief executive to step down next May, replaced by chief executive of US arm November 29, 2018 Industrial equipment rental company Ashtead’s shares were up 5.7 per cent this morning as it announced chief executive Geoff Drabble is to step down in May after nearly 12 years in charge. Chief operating officer Brendan Horgan, who is also chief executive of the group’s North American business Sunbelt Rentals, will succeed Drabble on 1 May. [...]