RBC makes £963m offer for Bluebay October 18, 2010 BLUEBAY Asset Management has accepted a takeover offer from Royal Bank of Canada (RBC), it said yesterday, in a deal which values the fixed income investment firm at £963m ($1.5bn). Bluebay shareholders, if they agree to the deal, will receive 485p per share representing a premium of 29.1 per cent on the fund manager’s closing [...]
Dixons brand to be revived June 24, 2010 DSG International, which owns Currys and PC World said yesterday it would change its name back to Dixons as it returned to profit in the year to the end of May. Europe’s second largest electricals retailer reported profits of £112.7m – up from a loss the year before of £123.6m. Sales rose three per cent [...]
DSG: Currys owner gets a lift from TV and computer sales January 14, 2010 CURRYS and PC World owner DSG International had better-than-expected festive sales figures after strong demand for TVs and laptops. Sales surged by eight per cent in the 12 weeks to 9 January. Analysts had only predicted a rise of between two and three per cent. Chief executive John Browett said: “Looking forward, we expect 2010 [...]
HOLLYWOOD DIRECTOR HAS POP AT GOLDMAN September 22, 2010 HOLLYWOOD director Oliver Stone is clearly a very brave man, having taken a figurative pop at not one, but two of the world’s most successful businessmen in the past week. Just a few days ago, it emerged that Stone – currently on a publicity flash tour to coincide with the opening of his new film, [...]
World Cup flop to boost cinemas and restaurants June 28, 2010 ENGLAND’S failure to get past the second round of the World Cup will give a welcome boost to cinemas and restaurants, analysts said yesterday. Traditional boozers are set to lose the most income, as fans tend to watch non-England games at home, according to Hugh-Guy Lorriman at Seymour Pierce. He said food-led pubs would be [...]
World Cup flop to boost cinemas and restaurants June 28, 2010 ENGLAND’S failure to get past the second round of the World Cup will give a welcome boost to cinemas and restaurants, analysts said yesterday. Traditional boozers are set to lose the most income, as fans tend to watch non-England games at home, according to Hugh-Guy Lorriman at Seymour Pierce. He said food-led pubs would be [...]
DSG to rebrand as Dixons June 24, 2010 DSG International has posted an expected 61 per cent rise in full-year profit and forecast more growth in 2010-11. The firm, which owns the Currys and PC World chains said that although the economic backdrop in Europe would remain challenging in the current year it was well placed to continue to grow profits. DSG also [...]
Knight Vinke builds up a stake in Kesa June 28, 2010 Activist investor Knight Vinke has bought a three per cent stake in electrical retailer Kesa. The move sent shares up nearly two per cent, amid speculation the investor may push for the group to be broken up. Knight Vinke is known for its activist tendencies, having demanded changes at firms including HSBC, Royal Dutch Shell, [...]
Knight Vinke builds up a stake in Kesa June 28, 2010 Activist investor Knight Vinke has bought a three per cent stake in electrical retailer Kesa. The move sent shares up nearly two per cent, amid speculation the investor may push for the group to be broken up. Knight Vinke is known for its activist tendencies, having demanded changes at firms including HSBC, Royal Dutch Shell, [...]
No World Cup magic June 10, 2010 WITH the start of the World Cup just days away, fans have been splashing out on flat-screen TVs. It’s strange then that the bigger-than-expected slump in Argos revenues was driven by weak TV sales. If the catalogue retailer can’t shift tellys in the run up to the year’s biggest sporting event, when can it? This [...]