Sale is in The Works for stationery retailer at private equity group Endless May 21, 2017 The Works, a discount stationery and books retailer owned by turnaround private equity firm Endless, is readying to be sold or floated next year. Endless has enlisted the help of bank Investec to begin preparing a sale or listing, the Sunday Times reported. Read more: Why 3i is taking a step back from the UK [...]
Last chance saloon for Nick Compton and why the third Investec Test at Lord’s is not a dead rubber June 8, 2016 If England’s No3 batsman Nick Compton doesn’t chalk up a sizeable score in the third and final Investec Test against Sri Lanka at Lord’s, his home ground, then he’s really going to be up against it. I was pleased that the selectors stuck with him after he was recalled for the tour of South Africa [...]
The City gears up for a very horsey weekend with the Investec Derby and Chestertons Polo in the Park May 31, 2016 'Tis the season of summer hats, high society and equestrian sport, but don't worry if you can't get out of London to watch the races. International polo is set to return to Fullham this Friday, with eight teams from around the world set to compete at this years' Chestertons Polo in the Park. The tournament [...]
Irish government confirms plans to float €12bn-valued Allied Irish Banks in London and Dublin May 30, 2017 The Irish government has confirmed it will be floating state-owned Allied Irish Banks (AIB) in London and Dublin. The initial public offering (IPO) will see the government dispose of a 25 per cent stake in the lender. It is thought the float deal could value the bank at €12bn, which would make it London’s biggest [...]
These analysts are not impressed by M&S’ trading update January 12, 2017 And it looked like things were going so well. Marks and Spencer started off the trading session on a high, jumping five per cent at the open when the retailer beat expectations with its like-for-like clothing sales. But M&S lost its shine as the day wore on, and its share price is now up just 0.8 per cent [...]
GVC shares jump after final quarter bonanza and debt savings February 2, 2017 Shares in online gambling firm GVC leapt nearly six per cent today after the firm revealed a jackpot fourth quarter that beat market expectations. Net gaming revenue (NGR), gross bets less associated payouts, jumped by nine per cent to €231m (£199m) in the final three months of the year. Read more: GVC shares jump after betting [...]
X-ray company Medica Reporting plots £150m-plus IPO as private equity firm CBPE Capital seeks exit March 7, 2017 A private equity-backed x-ray company is plotting a stock market flotation, City A.M. can reveal. Medica Reporting, the UK’s largest remote radiology reporting network, is planning an initial public offering (IPO) that could value the company at more than £150m. Read more: London IPO, New York or sale? Sources say Misys is keeping its options [...]
Investec prepares for a summer of high society sports, being named sponsor of Chatsworth House one week before the Epsom Derby May 25, 2016 Staff at Investec are set to look well-groomed all summer long. With the Investec-sponsored Epsom Derby just one week away, the financial firm's wealth management arm has just become the newest sponsor of Chatsworth House. The deal, which will run to 2019, will see Investec Wealth & Investment help arrange a number of events at Chatsworth, not least its annual charity clay [...]
Secure Trust Bank launches into UK mortgage market, focusing on those working in the gig economy March 20, 2017 Secure Trust Bank is today launching a UK mortgage offering focusing on those individuals who might struggle to bag a loan from a high street lender. The Solihull-headquartered challenger is honing in on the self-employed and the gig economy. Those people working in these fashions might struggle to prove their income to a bank and therefore [...]
Unilever gets backing from City investors after FTSE 100 company unveils shake-up including sale of spreads business April 6, 2017 City investors gave their backing to Unilever today after the FTSE 100 company unveiled a shake-up prompted by Kraft Heinz’s failed takeover bid. The firm announced it would be kicking off a €5bn (£4.3bn) share buyback, raise its dividend by 12 per cent, review its dual-listing structure and sell its £6bn-valued spreads business. Asset managers [...]