WHAT THE OTHER PAPERS SAY THIS MORNING December 7, 2009 FINANCIAL TIMES APAX PAYS £975M IN MARKEN BUY-OUTApax Partners will today announce the £975m buy-out of Marken, the provider of distribution services to the pharmaceutical industry, generating big profits for its management and Intermediate Capital Group, which acquired the company in 2007. The acquisition of Marken is the biggest private equity deal in the UK [...]
Galvins open a temple to fine food December 7, 2009 Galvin La Chapelle35 Spital Square, E1 6DY, tel: 020 7299 0400FOODSERVICEATMOSPHERECost per person without wine: £50 THE Galvin brothers first struck gold with their close-to-perfect Bistrot De Luxe in Baker Street, which fused rusticity with the fineness of serious French cuisine. Then they took over Windows at the Park Lane Hilton, turning it into a [...]
Moulton set to do it Better October 18, 2009 JON Moulton, who sensationally quit former private-equity firm Alchemy just two months ago, has bounced back by launching a new firm, Better Capital. Moulton yesterday told City A.M. that he had most of his new team in place, but would nail down the rest “over the next few weeks”. He added: “We’re talking about human [...]
Moulton set to do it Better October 18, 2009 JON Moulton, who sensationally quit former private-equity firm Alchemy just two months ago, has bounced back by launching a new firm, Better Capital. Moulton yesterday told City A.M. that he had most of his new team in place, but would nail down the rest “over the next few weeks”. He added: “We’re talking about human [...]
Withdrawing the stimulus early would be mistake November 1, 2009 So not bad at all! Historically the two most volatile months for stocks – October and September – have passed in the most benign fashion. September crackled by rounding off the FTSE 100’s best ever quarterly performance and in October the index has been almost flat. No gremlins there but of course investors now want [...]
Withdrawing the stimulus early would be mistake November 1, 2009 So not bad at all! Historically the two most volatile months for stocks – October and September – have passed in the most benign fashion. September crackled by rounding off the FTSE 100’s best ever quarterly performance and in October the index has been almost flat. No gremlins there but of course investors now want [...]
Profits up at Debenhams October 22, 2009 Department Chain Debenhams reported a better-than-expected 14 per cent full-year pre-tax profit and saying it had cash for acquisitions. Disappointing retail sales data from the Office for National Statistics cast a shadow over Debenhams’ news that it had made a profit of £125.2m, driven by a strong demand for its Designers at Debenhams range. Sales [...]
Profits up at Debenhams October 22, 2009 Department Chain Debenhams reported a better-than-expected 14 per cent full-year pre-tax profit and saying it had cash for acquisitions. Disappointing retail sales data from the Office for National Statistics cast a shadow over Debenhams’ news that it had made a profit of £125.2m, driven by a strong demand for its Designers at Debenhams range. Sales [...]
Ted Baker smashes forecasts October 8, 2009 Designer brand Ted Baker said trading was exceeding its hopes and reaction to its autumn and winter ranges had been “encouraging”, as it posted a better than feared fall in first-half profit, sending its shares higher. Analysts upgraded pre-tax profit forecasts for the year to the end of January 2010 and finance director Lindsay Page [...]
West End delivers boost for London sales growth October 18, 2009 LONDON retail sales in September had their strongest growth since August last year due to a wave of renewed consumer confidence, according to figures out today from the London Retail Consortium. Retail sales in central London were 7.5 per cent higher on a like-for-like basis in September than a year ago, when sales nosedived to [...]