GM plots listing July 23, 2010 GENERAL Motors plans to file its registration for an initial public offering during the week of 16 August, just after the expected date for its second quarter results, according to US sources. A GM filing with the US Securities and Exchange Commission would be the first step towards an IPO to reduce the US government’s [...]
GM plots IPO to reduce government stake July 23, 2010 GENERAL Motors plans to file its registration for an initial public offering during the week of 16 August, just after the expected date for its second quarter results, according to US sources. A GM filing with the US Securities and Exchange Commission would be the first step towards an IPO to reduce the US government’s [...]
COMPANY OF THE YEAR | The Shortlist September 12, 2010 IT has been another tough year for business. The sovereign debt crisis rocked already shaky market confidence, while uncertainty has kept consumers from splashing out. It is in hard times that reputations are made, though, and over the past year the best have bounced back. Both retailers on our list have, in their different ways, [...]
COMPANY OF THE YEAR | The Shortlist September 12, 2010 IT has been another tough year for business. The sovereign debt crisis rocked already shaky market confidence, while uncertainty has kept consumers from splashing out. It is in hard times that reputations are made, though, and over the past year the best have bounced back. Both retailers on our list have, in their different ways, [...]
Autobar sold for €1.2bn to CVC Partners August 9, 2010 AUTOBAR, the food and drink vending machine operator, has become the latest asset to be passed between private equity players after CVC Capital Partners paid €1.2bn (£1bn) to take the business from Charterhouse. CVC will fund the deal with €650m of senior debt from Nomura, BNP Paribas, ING, Lloyds Banking Group and HSBC. Charterhouse is [...]
ANALYST VIEWS:?DO CARPETRIGHT’S FIGURES SPELL A RECOVERY? June 29, 2010 KEITH BOWMAN | HARGREAVES LANSDOWN The results provide few if any surprises. Profits have recovered in line with the economic rebound in the UK, while currency movements have provided the group’s overseas operations with a favourable tailwind. Furthermore, the group’s move to supply the insurance industry has contributed, albeit in a small fashion. PETER SMEDLEY [...]
Game up for Tomkins as buyers target UK August 31, 2010 ONE of the City’s largest investors warned foreign predators not to view UK companies as easy pickings yesterday after Tomkins became the latest name to fall to an overseas bid. Standard Life Investments (SLI) made an angry intervention after shareholders in Tomkins, the former “buns-to-guns” group, voted to accept a £2.9bn offer from a consortium [...]
Game up for Tomkins as buyers target UK August 31, 2010 ONE of the City’s largest investors warned foreign predators not to view UK companies as easy pickings yesterday after Tomkins became the latest name to fall to an overseas bid. Standard Life Investments (SLI) made an angry intervention after shareholders in Tomkins, the former “buns-to-guns” group, voted to accept a £2.9bn offer from a consortium [...]
Art market fears threat from EU levy July 1, 2010 British auction houses fear that an EU levy on works of art by the likes of Pablo Picasso and Henri Matisse, due to be introduced in 2012, could undermine their position as world leaders in the field. The government has a temporary exemption from the EU’s “droit de suite” levy on the re-sale price of [...]
New EU rules on short sales trade in myth September 15, 2010 The European Union’s new proposals on short selling address a practice that supposedly contributed to recent financial crises. But there is still too much misunderstanding of short selling, and these wide new powers bring dangers of their own. It is easy to point the finger of blame at those who borrow shares they believe will [...]