Slump in UK buyout deals July 8, 2009 THE FIRST half of 2009 was one of the worst periods in recent history for UK mergers & acquisitions (M&A) because the debt needed to fund the deals has dried up, according to research from Mergermarket. The number of completed deals in the UK was down 66.4 per cent on the same period last year, [...]
Slump in UK buyout deals July 8, 2009 THE FIRST half of 2009 was one of the worst periods in recent history for UK mergers & acquisitions (M&A) because the debt needed to fund the deals has dried up, according to research from Mergermarket. The number of completed deals in the UK was down 66.4 per cent on the same period last year, [...]
Investor optimism won’t last forever August 9, 2009 EVEN after a rally lasting 11 consecutive days, the FTSE 100 still managed to push higher last week, closing up 2.48 per cent on the week. And where the FTSE has gone, other indices have followed. The S&P 500 broke temporarily through the 1,000 mark at the end of last week while the Dow Jones [...]
BEST OF THE BROKERS June 28, 2009 KESAJP Morgan analysts believe that Kesa offers investors a restructuring story with the potential to deliver around 100 per cent earnings per share growth over two years. The broker views the firm’s continued investment in new markets as a positive, especially as it has been achieved with a capex reduction. It remains “overweight” on the [...]
BEST OF THE BROKERS June 28, 2009 KESAJP Morgan analysts believe that Kesa offers investors a restructuring story with the potential to deliver around 100 per cent earnings per share growth over two years. The broker views the firm’s continued investment in new markets as a positive, especially as it has been achieved with a capex reduction. It remains “overweight” on the [...]
It’s time to start re-thinking your attitude to trading the oil market July 12, 2009 WHAT a difference a year makes. With crude oil sinking below $60 a barrel on Friday for the first time since mid-May, it seems incredible that it was only 12 months ago that oil hit a record high of $147 a barrel, fuelling speculation among industry players that it could reach $250. Oil prices had [...]
It’s time to start re-thinking your attitude to trading the oil market July 12, 2009 WHAT a difference a year makes. With crude oil sinking below $60 a barrel on Friday for the first time since mid-May, it seems incredible that it was only 12 months ago that oil hit a record high of $147 a barrel, fuelling speculation among industry players that it could reach $250. Oil prices had [...]
JJB Sports shares dive on cash call July 6, 2009 JJB SPORTS yesterday suffered a 25 per cent plunge in its share price to 23p after investors were rattled by a confirmation of a £50m rights issue and a controversial row involving executive chairman Sir David Jones. The ailing sportswear chain yesterday said it is looking to raise working capital in a placing and open [...]
JJB Sports shares dive on cash call July 6, 2009 JJB SPORTS yesterday suffered a 25 per cent plunge in its share price to 23p after investors were rattled by a confirmation of a £50m rights issue and a controversial row involving executive chairman Sir David Jones. The ailing sportswear chain yesterday said it is looking to raise working capital in a placing and open [...]
A SIGH OF RELIEF FOR FUND GURU DUFFIELD August 4, 2009 AFTER months of being down on his luck, perhaps the tide is starting to turn for veteran fund management guru John Duffield and his newest business venture, Brompton Asset Management. Duffield, who also previously set up Jupiter and New Star, originally named the firm Hyde Park Asset Management, before hedge fund marketing firm Hyde Park [...]