THE TIPSTER August 14, 2011 WITH Balfour Beatty reporting half-year results on Wednesday, investors will be hard pushed to draw their attention away from the technicals, which don’t ooze excitement. The stock appears to be in a lasting downtrend with an RSI level below 30, and the fact that it has penetrated its lower daily Bollinger band only backs up [...]
Investors are Ka-shing in on Northumbrian August 2, 2011 OCTOGENARIAN tycoon Li Ka-shing has agreed to buy Northumbrian Water for £2.4bn – the biggest takeover of a UK-listed company this year. CKI, the investment consortium fronted by Li, has agreed to pay 465p a share – up from just 295p in January – as well as offering a final dividend, taking the total value [...]
Colfax weighs in with £1.5bn Charter offer September 12, 2011 US industrial giant Colfax raised the stakes in the battle for Charter International yesterday, tabling a formal bid valuing the company at £1.5bn and gaining the backing of Charter’s board. Colfax, which makes industrial pumps and valves, tabled a 910p per offer with 80 per cent in cash and the rest in its shares, trumping [...]
Colfax weighs in with £1.5bn Charter offer September 12, 2011 US industrial giant Colfax raised the stakes in the battle for Charter International yesterday, tabling a formal bid valuing the company at £1.5bn and gaining the backing of Charter’s board. Colfax, which makes industrial pumps and valves, tabled a 910p per offer with 80 per cent in cash and the rest in its shares, trumping [...]
Sage eyes $1bn Aussie rival August 16, 2011 SAGE is in the running to buy Australian accountancy software company MYOB (Mind Your Own Business) in an increasingly rare example of a UK-based firm attempting to take control of a major foreign asset. It is understood Bain Capital and Kohlberg Kravis Roberts (KKR) have also placed final bids for the firm, which is expected [...]
Li Ka-shing confirms bid for Northumbrian July 1, 2011 Northumbrian Water has received a takeover proposal from a company owned by Hong Kong billionaire Li Ka-shing. The indicative proposal related to a possible cash offer from Cheung Kong Infrastructure Holdings, the water company said in a short statement. CKI had said earlier this week it is in the preliminary stages of assessing a potential [...]
BEST OF THE BROKERS July 26, 2011 PENNON JP Morgan Cazenove upgrades the water, sewerage and waste disposal group as “overweight” and lifts its target price by 24 per cent to 770p. The broker says the company’s waste division, Viridor, is set to increase earnings before tax by 67 per cent to March 2015, driven by six new energy-from-waste projects. At group [...]
Northumbrian posts jump in profit after review of prices June 1, 2011 NORTHUMBRIAN Water yesterday reported a higher annual pre-tax profit, helped by an increase in water and sewerage charges and steady demand from its customers. Pre-tax profit rose six per cent to £181m in the year to the end of March, slightly above estimates of £177.6m. Sales were up five per cent at £738.1m, in line [...]
Asian tycoon lines up £2bn utility bid June 27, 2011 ONE of the world’s richest men is mulling a bid for Northumbrian Water that could value it at more than £2bn. Li Ka-shing, the wealthiest man in east Asia, triggered an eight per cent surge in Northumbrian shares when Cheung Kong Infrastructure (CKI), his investment vehicle, said it was considering making an offer for the [...]
Asian tycoon lines up £2bn utility bid June 27, 2011 ONE of the world’s richest men is mulling a bid for Northumbrian Water that could value it at more than £2bn. Li Ka-shing, the wealthiest man in east Asia, triggered an eight per cent surge in Northumbrian shares when Cheung Kong Infrastructure (CKI), his investment vehicle, said it was considering making an offer for the [...]