Inmarsat shareholders approve $3.4bn private equity takeover deal May 10, 2019 Inmarsat’s shareholders approved a $3.4bn (£2.58bn) private equity takeover today despite 21 per cent of investors attempting to vote down the deal. Read more: Inmarsat profit falls ahead of $3.4bn takeover The takeover of the British satellite operator is the second largest public-to-private deal ever in the UK, bringing an end to talks that began [...]
Inmarsat posts fall in first-quarter profit ahead of $3.4bn private equity takeover May 1, 2019 Satellite communications firm Inmarsat has posted a double-digit fall in profits for the first quarter ahead of its $3.4bn (£2.6bn) private equity takeover. Read more: Inmarsat prepares to go private in $3.4bn takeover The figures Inmarsat posted a 0.4 per cent uptick in revenue to $346.9m in the three months to the end of March. [...]
Best 25 stocks in the last tax year April 15, 2019 | City Talk By Graeme Evans from interactive investor. The FTSE 100 outperformed mid-caps last tax year, but the top FTSE 350 performers might surprise you. Take a look at the financial year ended on the 5th April, with the 25 top performing stocks in the FTSE 350 all producing gains of 40 per cent or more over the [...]
Inmarsat prepares to leave stock market in $3.4bn private equity deal March 25, 2019 Private equity firms have sealed a $3.4bn (£2.58bn) deal for UK satellite operator Inmarsat, sending its shares up seven per cent in early morning trading. The agreement will see the successful bidders pay $7.21 (546p) per share for the firm, a premium on its Friday close price of 506.2p. Read more: Inmarsat shares jump 16 [...]
Inmarsat shares take off after private equity firms make buyout offer March 20, 2019 Shares in British satellite firm Inmarsat soared more than 16 per cent in early trading after it revealed it is in talks with two private equity firms over a buyout deal. Inmarsat last night confirmed it is in discussions with Apax Partners and Warburg Pincus, which have tabled a cash offer of $7.21 (£5.43) per [...]
Private equity firms Apax Partners and Warburg Pincus approach Inmarsat with buyout proposal March 19, 2019 British satellite company Inmarsat is in talks with private equity firms Apax Partners and Warburg Pincus over a buyout deal. The firms, which were joined by Canada Pension Plan Investment Board, have proposed to make a cash offer of $7.21 (£5.43) per Inmarsat share, the company announced today, which would value Inmarsat at about $3.3bn. [...]
Hyperoptic secures deal to provide superfast broadband to 20,000 homes March 19, 2019 Hyperoptic has secured a deal to supply superfast broadband to more than 20,000 homes. The London-headquartered firm has agreed to supply all homes run by housing association Network Homes across the capital, Hertfordshire and the South East. Read more: Which broadband provider is most likely to cut you a better deal? Hyperoptic offers broadband speeds [...]
Satellite telecoms firm Inmarsat boosts revenue due to in-flight broadband demand March 7, 2019 Satellite communications firm Inmarsat has reported increased revenue driven by demand for in-flight broadband. Shares in the company jumped more than five per cent as the company, which provides communications to ships, aircraft and remote locations, posted its full-year results. Read more: Satellite firm Inmarsat shares fall The figures Revenue increased by 5.3 per cent [...]
The final frontier: Opportunities for global Britain lie in the stars February 11, 2019 This summer marks the fiftieth anniversary of the first humans landing on the moon on 20 July 1969. It was a defining moment of human achievement that still intrigues and fascinates to this day. First Man, Hollywood’s look at the life of the astronaut Neil Armstrong, played by Ryan Gosling, has just been nominated for [...]
Satellite firm Inmarsat shares fall as it says full-year revenue will come in at bottom end of guidance November 8, 2018 Shares in British satellite firm Inmarsat fell eight per cent as markets opened this morning, as it narrowed full-year revenue guidance despite achieving a solid third quarter. Revenue for the three months to 30 September rose 3.7 per cent to $369.3m (£281.7m), while profits after tax doubled to $227.7m compared to the same period in [...]