Eutelsat’s IPO abandoned October 28, 2005 Eutelsat, the world’s third largest satellite operator, dramatically abandoned its planned initial public offering (IPO) on the Paris Euronext late last night, citing volatile European stock markets. The news comes after Eutelsat was forced to slash its IPO valuation by 20 per cent to around €2.7bn (£1.83bn) on Tuesday, because investors thought its price was [...]
More upheavals at Highbury House October 19, 2005 Mike Frey has left troubled magazine publisher Highbury House Communications just 18 days after his appointment as chief operating officer. In a brief statement yesterday the company, headed by former Sun editor Kelvin MacKenzie, said Frey, who had at one stage been due to take over as chief executive, had “left the company by mutual [...]