Caution urged over Peacocks buy-out November 1, 2005 Broker Numis warned Peacocks shareholders to scrutinise the budget retailer’s performance at the half year as the recent run of strong trading could make the proposed £404m take-out price look “conservative”. The Peacocks management team, backed by Goldman Sachs, Debenhams chairman John Lovering and American hedge funds Och-Ziff Capital Management Group and Perry Capital LLC, [...]
Do the banks have a Plan B? October 28, 2005 Now that consumer spending is slowing down, the banking sector needs to look for new sources of growth. British banks have investors worried. Not because of their current profitability, which is healthy, but because a slowdown in the economy may hit this industry harder than most. The banking sector still continues to make profits. In [...]
Wyevale calls end to takeover talks October 26, 2005 Takeover talks at Wyevale collapsed yesterday after private equity firm Cinven said it would not bid 580p per share for the garden centre retailer. Cinven had the backing of Wyevale’s largest shareholder Laxey for a bid, provided it met a price of 580p price and tabled an offer by 2 December. An offer at the [...]