So Mi Dar can hit the right notes in Epsom’s Investec Derby Trial April 19, 2016 Trainer John Gosden saddles the well-bred filly SO MI DAR in a bid to land a second straight success in Wednesday afternoon’s Investec Derby Trial (2.30pm) at Epsom. Having won the 10 furlong prize with Christophermarlowe 12 months ago, the Newmarket handler will be hoping the daughter of Dubawi can repeat that success. Tomorrow’s assignment is a [...]
Easyjet set to be ejected in FTSE’s quarterly reshuffle this week February 26, 2017 Easyjet is on course to dive out of the FTSE 100 this week, as part of the index’s quarterly reshuffle. The airline has seen its value decline by 40 per cent over one year and issued a profit warning last month, sending its shares down nine per cent on the day. The firm blamed a [...]
Purplebricks reveals share placing to raise up to £50m to build on US plans February 22, 2017 Purplebricks Group this evening revealed it would be issuing a new slew of shares in a bid to raise up to £50m to support its dreams of expanding across the Atlantic. The placing shares have been priced at 220p, which represents a 0.6 per cent discount on Tuesday's closing price. The online estate agent, which [...]
When will it stop? Boohoo upgrades sales forecast yet again February 28, 2017 Boohoo has upgraded its sales forecast yet again, saying this morning that sales will double this year. Previously, Boohoo said its sales growth would be in the range of 46-48 per cent for the full year to 28 February. The online retailer, which targets millennials, said it had also improved its operations, meaning its margins [...]
Revealed: Behind the scenes of Carillion’s annus horribilis December 21, 2017 Troubled construction giant Carillion hit the headlines again yesterday after it announced its interim chief executive Keith Cochrane will be replaced almost three months earlier than planned. When Andrew Davies, who was set to take over on 2 April 2018, starts on 22 January, he will become the company’s third chief executive in six months. [...]
Carillion share price: Behind the scenes of the construction giant’s annus horribilis December 21, 2017 Troubled construction giant Carillion hit the headlines again yesterday after it announced its interim chief executive Keith Cochrane will be replaced almost three months earlier than planned. When Andrew Davies, who was set to take over on 2 April 2018, starts on 22 January, he will become the company’s third chief executive in six months. [...]
Bridgepoint buys £750m vehicle rental company from fellow private equity firm HgCapital January 30, 2017 The UK’s largest vehicle rental company has been traded between two private equity firms in a £750m deal. Bridgepoint this morning announced the acquisition of Leeds-based Zenith from HgCapital. Zenith, which also has operations in Solihull and Wokingham, has more than 500 employees and a fleet of around 85,000 vehicles. Read more: Is private equity [...]
UK house prices: What the General Election results mean for the property market June 9, 2017 The result of the General Election, which saw Conservative leader Theresa May lose her majority, has left Britain shocked. But what will it mean for the property market? While some experts think uncertainty may return to the sector, others think the property market will continue to remain strong. Take a look at what experts have [...]
Analysts react to Dixons Carphone’s Christmas trading update January 24, 2017 Electronics retailer Dixons Carphone has reported its fifth year of Christmas sales growth, but market reaction was muted, with the company's share price falling more than three per cent in morning trading. Alistair Davies, analyst at Investec, said it was likely that Dixons Carphone had increased market share and improved its margins. There were availability issues around [...]
Personality clashes and the poisoned client: The inside story of Bell Pottinger’s collapse September 25, 2017 From the outside, the demise of iconic public relations firm Bell Pottinger appeared to unfold at a dramatic and surprising pace. On Monday 4 September, the company published the findings of a report by lawyers Herbert Smith Freehills (HSF) concluding that the firm’s campaign for the Gupta family’s Oakbay Capital in South Africa “was potentially [...]