Five join the rush to AIM October 27, 2005 The rush of companies floating on AIM continues apace, with three companies making their debuts yesterday and two more announcing their IPOs on the junior market in the coming days. They join the growing number of companies quoting on AIM, where 389 firms have floated since the start of the year. In comparison, only 71 [...]
Another bidder enters Refco lists October 27, 2005 The race to take over the futures business of collapsed broker Refco hotted up as another group emerged as a possible bidder. TradeLink, a Chicago-based futures commission merchant, its co-founder, Walt Weissman, and Nickolas Neubauer, a member of the board of directors of the Chicago Board of Trade, are forming an investor group to consider [...]
Prudential decides to keep Egg October 27, 2005 The CEO of Prudential yesterday vowed to work on closer integration of three key businesses as he revealed results of a long-awaited strategy review. Mark Tucker said the insurer planned to integrate M&G more closely with online bank Egg and the British insurance business, raising the prospect of job cuts. He said that closer integration [...]
Jobs cutting will speed up, says CBI October 27, 2005 Manufactures expect to cut jobs over the next quarter at a faster rate than the last three months to October, according to the CBI. “The decline in headcount was broadly in line with expectations, though firms expect to cut jobs at a moderately faster rate over the next three months,” the business group announced in [...]
Debt crisis looms as home repossessions rise October 27, 2005 Fears that Britain is plunging towards a bad debt crisis were heightened yesterday as figures suggested proceedings to repossess homes have risen by 55 per cent. Actions begun by lenders rose to 29,991 in the three months to the end of September from 19,359 last year. There has been a 66 per cent rise in [...]
Beans means trouble in HP Foods sale October 27, 2005 Fears that the price of traditional British foods including baked beans, tomato ketchup and HP Sauce could rise has forced the Office of Fair Trading (OFT) to refer the sale of HP Foods to the Competition Commission. Director of competition enforcement at the OFT Vincent Smith said the sale of the Danone-owned sauce business to [...]
Inamoto puts Brom through October 26, 2005 Former Fulham midfielder Junichi Inamoto scored the extra-time winner for West Brom after the home side had twice recovered from a goal down in an enthralling Carling Cup tie at Craven Cottage. Rob Earnshaw opened the scoring for the visitors after just three minutes. His goal, having capitalized on a mistake from the Fulham defence, [...]
Giant laid to its rest October 26, 2005 With the rump of Marconi set to be rebranded as telent, Laurie Laird looks at what the future might hold in store for a once-great telecoms company brought to its knees in recent years From the mighty GEC, to Marconi, to Ericsson, to telent. It’s an ignominious end for a once-glorious company. After months of [...]
Gold rush leads to safe haven buying October 26, 2005 Often clients say that they are staying out of the market and waiting for the right moment to get in. Usually, this is precisely the right time to trade and diversify into other products. Just look at the currencies and the commodities, markets that would not usually attract your average financial spread trader, but they [...]
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 [...]
