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....After a statement like that, it would have been hard for May to be agnostic about Kraft’s offer. Jorge Paulo Lemann, founder of 3G Capital, Kraft’s principal shareholder, runs a takeover machine that extracts short-term value then looks for its next target. ... [Read full article on Guardian ]
Sunday 19th of March 2017 07:00:00 AM
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....One option under consideration is the sale of the group’s underperforming spreads business, which includes household names such as Flora and Stork. Private equity groups including CVC and Bain Capital are weighing up plans for a £6bn bid for the division, according to reports, while Kraft Heinz could also target the business as a less ambitious alternative to its bid for the entire company. ... [Read full article on Guardian ]
Sunday 19th of March 2017 01:46:15 PM
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....Deutche Bank ended its relationship with Trasta soon after Latvia’s regulator issued a warning, it is understood. In August 2015, the Financial and Capital Markets Commission stopped all transactions above €100,000. ... [Read full article on Guardian ]
Tuesday 21st of March 2017 07:00:14 PM
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....Today, the Canberra-based company helps thousands of people find work at more than 400 businesses in Australia, including accountancy giant PricewaterhouseCoopers, taxi hire service Uber, and even the Australian Defence Force. To help get Enabled up and running, Jessica successfully applied for a small entrepreneurship grant from the Australian Capital Territory government. ... [Read full article on BBC ]
Monday 20th of March 2017 12:02:11 AM
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....Analysts said it indicated the Bank of England could be closer to raising interest rates than they had thought. "The minutes paint a picture of a committee moving a lot closer to hiking rates than markets had realised," said Neil Wilson, markets analyst at ETX Capital. ... [Read full article on BBC ]
Thursday 16th of March 2017 12:38:45 PM
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....Thames Water made an operating profit of £742m in 2015-16 and paid out £82m in dividends. It is owned by a consortium of institutional investors, including funds from China and Abu Dhabi, and was managed by Macquarie Capital Funds, which sold its final stake earlier in March to Kuwaiti and Canadian investors. ... [Read full article on Guardian ]
Wednesday 22nd of March 2017 11:49:38 AM
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....Bob Diamond has joined forces with the Qatari royal family to buy Panmure Gordon, the loss-making stockbroker and investment bank. The former Barclays chief executive has made the offer through his Atlas Merchant Capital vehicle and QInvest, the Qataris' investment arm. ... [Read full article on BBC ]
Friday 17th of March 2017 07:45:59 AM
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....A weaker pound also boosted its overseas profits by £52m. Neil Wilson, senior market analyst at ETX Capital said: "Solid enough results for Kingfisher, with a good performance from Screwfix, but evidence of a slight slowdown in the second half of the year might be cause for concern, while a lot of the gains seem to be down to the weak pound. ... [Read full article on BBC ]
Wednesday 22nd of March 2017 09:18:25 AM
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....In mid-afternoon trading the index was 38 points higher at 7,406 points. Neil Wilson at ETX Capital said the message from the US central bank was "the US economy is firing, but inflation is not going to be an issue. ... [Read full article on BBC ]
Thursday 16th of March 2017 03:47:19 PM
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Tuesday 21st of March 2017 09:06:16 AM
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....". "The pound dropped sharply after we received the news that traders have been waiting for - Theresa May will trigger Article 50 next week," said Neil Wilson at ETX Capital. ... [Read full article on BBC ]
Monday 20th of March 2017 11:17:08 AM
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....14. Founded in Toronto 60 years ago, the company was bought by the private equity group Bain Capital in 2013. ... [Read full article on BBC ]
Thursday 16th of March 2017 04:50:44 PM
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.... But economists are doubtful whether enough supporters would emerge for a rate hike any time soon. “The risks to the MPC’s near-term forecast for output are probably skewed slightly to the downside, and there is a risk that uncertainty will build as article 50 is triggered and the EU negotiations get under way,” say Paul Hollingsworth and Scott Bowman at consultancy Capital Economics. ... [Read full article on Guardian ]
Saturday 18th of March 2017 03:59:43 PM
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....Bob Diamond, the former chief executive of Barclays, is staging a City comeback after agreeing to buy one of London’s oldest stockbroking firms. Diamond’s buyout vehicle, Atlas Merchant Capital, has teamed up with QInvest, the Qatari investment bank. ... [Read full article on Guardian ]
Friday 17th of March 2017 08:15:51 AM
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.... A barrel of Brent crude was changing hands at less than $50 a barrel and is down 11% since the start of March. Jasper Lawler, a senior market analyst at London Capital Group, said: “It’s overly simplistic to lay the blame for the market decline at Donald Trump’s door. ... [Read full article on Guardian ]
Wednesday 22nd of March 2017 06:21:57 PM
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....” But, he continued, if the wall were removed, the children would be “huddled in terror in the centre of the island”. Capitalistic markets can be playgrounds where creativity can flourish. ... [Read full article on Guardian ]
Friday 17th of March 2017 08:59:05 AM
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.... The company had previous warned that profits would fall. Neil Wilson at ETX Capital said: “[This is] not a pretty set of figures from Next but no worse than expected after warning on profits in January . ... [Read full article on Guardian ]
Thursday 23rd of March 2017 08:58:32 AM
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....Next shares rose nearly 6% despite the retailer reporting its first fall in annual profits for eight years, with profits dropping to £790m. "Not a pretty set of figures from Next but no worse than expected after warning on profits in January," said Neil Wilson at ETX Capital. ... [Read full article on BBC ]
Thursday 23rd of March 2017 09:31:43 AM
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Latest Finance News related to Capita

FTSE 100 dips despite boost from Next image
Source : BBC [Read Article] Thursday 23rd of March 2017 09:31:43 AM
....Next shares rose nearly 6% despite the retailer reporting its first fall in annual profits for eight years, with profits dropping to £790m. "Not a pretty set of figures from Next but no worse than expected after warning on profits in January," said Neil Wilson at ETX Capital. ...
Next warns of price rises as profits fall for first time in eight years image
Source : Guardian [Read Article] Thursday 23rd of March 2017 08:58:32 AM
.... The company had previous warned that profits would fall. Neil Wilson at ETX Capital said: “[This is] not a pretty set of figures from Next but no worse than expected after warning on profits in January . ...
Nervous markets take fright at prospect of Trump failing to deliver | Larry Elliott image
.... A barrel of Brent crude was changing hands at less than $50 a barrel and is down 11% since the start of March. Jasper Lawler, a senior market analyst at London Capital Group, said: “It’s overly simplistic to lay the blame for the market decline at Donald Trump’s door. ...
Thames Water hit with record £20m fine for huge sewage leaks image
Source : Guardian [Read Article] Wednesday 22nd of March 2017 11:49:38 AM
....Thames Water made an operating profit of £742m in 2015-16 and paid out £82m in dividends. It is owned by a consortium of institutional investors, including funds from China and Abu Dhabi, and was managed by Macquarie Capital Funds, which sold its final stake earlier in March to Kuwaiti and Canadian investors. ...
Screwfix boosts Kingfisher's profits image
Source : BBC [Read Article] Wednesday 22nd of March 2017 09:18:25 AM
....A weaker pound also boosted its overseas profits by £52m. Neil Wilson, senior market analyst at ETX Capital said: "Solid enough results for Kingfisher, with a good performance from Screwfix, but evidence of a slight slowdown in the second half of the year might be cause for concern, while a lot of the gains seem to be down to the weak pound. ...
Bank that lent $300m to Trump linked to Russian money laundering scam image
Source : Guardian [Read Article] Tuesday 21st of March 2017 07:00:14 PM
....Deutche Bank ended its relationship with Trasta soon after Latvia’s regulator issued a warning, it is understood. In August 2015, the Financial and Capital Markets Commission stopped all transactions above €100,000. ...
Pound slips on Article 50 date image
Source : BBC [Read Article] Monday 20th of March 2017 11:17:08 AM
....". "The pound dropped sharply after we received the news that traders have been waiting for - Theresa May will trigger Article 50 next week," said Neil Wilson at ETX Capital. ...
'Out of control' image
Source : BBC [Read Article] Monday 20th of March 2017 12:02:11 AM
....Today, the Canberra-based company helps thousands of people find work at more than 400 businesses in Australia, including accountancy giant PricewaterhouseCoopers, taxi hire service Uber, and even the Australian Defence Force. To help get Enabled up and running, Jessica successfully applied for a small entrepreneurship grant from the Australian Capital Territory government. ...
Unilever bids to heal shareholder rift amid 'garage sale' warnings image
Source : Guardian [Read Article] Sunday 19th of March 2017 01:46:15 PM
....One option under consideration is the sale of the group’s underperforming spreads business, which includes household names such as Flora and Stork. Private equity groups including CVC and Bain Capital are weighing up plans for a £6bn bid for the division, according to reports, while Kraft Heinz could also target the business as a less ambitious alternative to its bid for the entire company. ...
Unilever is safe, but we need better defences against short-term capitalism image
....After a statement like that, it would have been hard for May to be agnostic about Kraft’s offer. Jorge Paulo Lemann, founder of 3G Capital, Kraft’s principal shareholder, runs a takeover machine that extracts short-term value then looks for its next target. ...
Rising prices set to push inflation over 2% Bank of England target image
Source : Guardian [Read Article] Saturday 18th of March 2017 03:59:43 PM
.... But economists are doubtful whether enough supporters would emerge for a rate hike any time soon. “The risks to the MPC’s near-term forecast for output are probably skewed slightly to the downside, and there is a risk that uncertainty will build as article 50 is triggered and the EU negotiations get under way,” say Paul Hollingsworth and Scott Bowman at consultancy Capital Economics. ...
If big business is to thrive, it needs a strong welfare state | Phil McDuff image
....” But, he continued, if the wall were removed, the children would be “huddled in terror in the centre of the island”. Capitalistic markets can be playgrounds where creativity can flourish. ...
Former Barclays chief Bob Diamond to buy Panmure Gordon image
Source : Guardian [Read Article] Friday 17th of March 2017 08:15:51 AM
....Bob Diamond, the former chief executive of Barclays, is staging a City comeback after agreeing to buy one of London’s oldest stockbroking firms. Diamond’s buyout vehicle, Atlas Merchant Capital, has teamed up with QInvest, the Qatari investment bank. ...
Bob Diamond in deal to buy stockbroker Panmure Gordon image
Source : BBC [Read Article] Friday 17th of March 2017 07:45:59 AM
....Bob Diamond has joined forces with the Qatari royal family to buy Panmure Gordon, the loss-making stockbroker and investment bank. The former Barclays chief executive has made the offer through his Atlas Merchant Capital vehicle and QInvest, the Qataris' investment arm. ...
Canada Goose shares jump on stock market debut image
Source : BBC [Read Article] Thursday 16th of March 2017 04:50:44 PM
....14. Founded in Toronto 60 years ago, the company was bought by the private equity group Bain Capital in 2013. ...
FTSE 100 closes at record high image
Source : BBC [Read Article] Thursday 16th of March 2017 03:47:19 PM
....In mid-afternoon trading the index was 38 points higher at 7,406 points. Neil Wilson at ETX Capital said the message from the US central bank was "the US economy is firing, but inflation is not going to be an issue. ...
UK interest rates kept on hold at 0.25% image
Source : BBC [Read Article] Thursday 16th of March 2017 12:38:45 PM
....Analysts said it indicated the Bank of England could be closer to raising interest rates than they had thought. "The minutes paint a picture of a committee moving a lot closer to hiking rates than markets had realised," said Neil Wilson, markets analyst at ETX Capital. ...
Sainsbury's warns over 'uncertain' impact of pound's Brexit slide image
Source : Guardian [Read Article] Thursday 16th of March 2017 08:22:39 AM
.... Coupe strongly denied suggestions that the target to get consumers to halve household waste had been ditched. Neil Wilson, senior market analyst at broker ETX Capital, said: “Sainsbury’s did very well when Tesco and others were struggling but is now facing its own challenges. ...
Sainsbury's sales fall but Argos growth strengthens image
Source : BBC [Read Article] Thursday 16th of March 2017 07:24:57 AM
....9p in morning trading and are down 4% over the past 12 months. Neil Wilson of ETX Capital said Sainsbury's was being squeezed from all sides. ...
TV company behind Question Time could sell for up to £300m image
Source : Guardian [Read Article] Wednesday 15th of March 2017 03:54:39 PM
.... It is understood that first-round bids by interested parties are due to be lodged imminently. In 2014, Tinopolis held talks with MSD Capital, the venture capital firm chaired by the computer entrepreneur Michael Dell. ...
Zara founder to receive £1.1bn payout after record sales image
Source : Guardian [Read Article] Wednesday 15th of March 2017 10:47:42 AM
....The group has announced plans to hand employees more than €535m in 2017, over and above their ordinary salaries. Richard Chamberlain, analyst at RBC Capital Markets, said the results for 2016 were reassuring. ...
French Connection reports loss for fifth year running image
Source : BBC [Read Article] Tuesday 14th of March 2017 08:20:04 AM
....Last month, major investor Schroders lost patience and sold its chunk, enabling Sports Direct's Mike Ashley to pick up an 11% stake. Another major investor, Gatemore Capital Management, is agitating for change. ...
How to beat UK energy price rises image
Source : Guardian [Read Article] Monday 13th of March 2017 12:20:57 PM
....8% price hike. While no major figures or companies are currently calling for the end of 2020 deadline to be abolished or postponed, there is grumbling within the industry about the costs of the project – both for fitting them and maintaining the Capita-run body that will look after the data. ...
Intel buys driverless car technology firm Mobileye image
Source : BBC [Read Article] Monday 13th of March 2017 12:09:06 PM
....The chipmaker reckons that by 2020 driverless cars will generate 4,000 GB, or 4 terabytes, of data a day that can be mined for information. Betsy Van Hees, analyst at Loop Capital Markets, said Intel had very little presence in the automotive market, "so this is a tremendous opportunity for them to get into a market that has significant growth opportunities". ...
Bovis shares continue to climb on two takeover offers image
Source : BBC [Read Article] Monday 13th of March 2017 10:02:33 AM
....Bovis also lacks a chief executive after David Ritchie stepped down in January after eight years in the role, weeks after issuing a profit warning. Neil Wilson, of ETX Capital, said Bovis had made itself a target: "The share price has failed to recover from the Brexit shock last June and is still down a quarter from 2015 highs. ...
UK shares lifted by takeover news image
Source : BBC [Read Article] Monday 13th of March 2017 09:09:59 AM
....Over the weekend, Bovis said it had turned down separate offers from Redrow and Galliford Try, but that it was continuing talks with the latter. "There is a strong chance that one will succeed and that should support the stock," said Neil Wilson from ETX Capital. ...
Iceland to end capital controls from 2008 financial crisis image
Source : BBC [Read Article] Sunday 12th of March 2017 03:14:37 PM
....Iceland will lift all capital controls on its citizens, businesses and pension funds from Tuesday. Capital controls, such as those to restrict money flowing in and out of the country, were imposed in 2008 after the country's biggest banks collapsed. ...
Green Investment Bank sell-off racks up at least £1m in fees image
Source : Guardian [Read Article] Sunday 12th of March 2017 03:10:32 PM
....”. Earlier this month, rival bidder Sustainable Development Capital (SDCL) launched a legal challenge against the government, claiming it had complied with its own bidding criteria. ...
Markets in 'no doubt' on US rate rise image
Source : BBC [Read Article] Friday 10th of March 2017 10:33:01 PM
...."They basically have to hike rates next week because the market expects them to," she added. Paul Ashworth, chief US economist at Capital Economics, said the number of jobs added in February would "erase any lingering doubts that the Fed might not hike interest rates next week". ...
Ferrari gives up F1 stake in exchange for Liberty Media stock image
Source : Guardian [Read Article] Friday 10th of March 2017 04:46:33 PM
.... The 30 September valuation was carried out three weeks after Liberty announced its takeover and was 5% down on the previous assessment from six months earlier. Ferrari put this fluctuation down to the change in ownership of F1 as its filings state that “movements in the Delta Topco option relate to the revaluation of the option, which was impacted in 2016 due to the agreement between Liberty Media Corporation (‘LMC’) and CVC Capital Partners for the sale of Delta Topco to LMC”. ...
US jobs growth strengthens case for March rate rise image
Source : BBC [Read Article] Friday 10th of March 2017 01:36:59 PM
....". Paul Ashworth, chief US economist at Capital Economics, said the number of jobs added in February would "erase any lingering doubts that the Fed might not hike interest rates next week". ...
Shell sells oil sands assets as boss warns on clean energy challenge image
Source : Guardian [Read Article] Friday 10th of March 2017 01:18:53 AM
....Analysts welcomed the deal, under which Shell has agreed to sell its existing and undeveloped Canadian oil sands prospect to Canadian Natural Resources and to cut its share in the Athabasca Oil Sands Project (AOSP) to 10% from 60%. “This significant divestment should help de-gear Shell’s balance sheet over 2017 and help remove concerns around the dividend,” said Biraj Borkhataria, an analyst at RBC Capital Markets. ...
Savers urged to use THIS simple trick to beat dividend tax changes image
Source : Daily Express [Read Article] Thursday 9th of March 2017 04:32:00 PM
.... It allows you to sell your investments and buy them back within the ISA right away. However, caution is needed as this route can leave you open to Capital Gains Tax. ...
ECB's Draghi says 'more optimistic' on the outlook for the eurozone image
.... that was prompted by the risks of deflation". Neil Wilson, an analyst at ETX Capital, said: "Deflation is no longer the concern for the ECB - prices are not rising fast enough to warrant tapering or higher rates, but the imminent risk of deflation has passed. ...
Co-op Bank warns of more branch closures as it reports £477m loss image
Source : Guardian [Read Article] Thursday 9th of March 2017 11:25:19 AM
....The losses this year were, in part, caused by the continued restructuring sparked by the deal with Britannia in 2009. There was another £36m provision for payment protection insurance mis-selling, an £82m hit for a mortgage outsourcing deal with Capita and a knock caused by the cut in interest rates by the Bank of England following the vote for Brexit. ...
Morrisons leads FTSE 100 lower image
Source : BBC [Read Article] Thursday 9th of March 2017 09:21:19 AM
....Morrisons was the biggest faller on the index, even though it posted a rise in underlying full-year profits for the first time in five years. Neil Wilson at ETX Capital suggested investors thought "this could be the top of the cycle". ...
UK growth forecast for 2017 revised up image
Source : BBC [Read Article] Wednesday 8th of March 2017 02:12:25 PM
....3% in 2018-19 - slightly lower than its previous forecast - and drop further to 2% in 2019. Jonathan Loynes, chief economist at Capital Economics, said the OBR's caution had deprived Mr Hammond of an additional Brexit "war chest" that some had predicted. ...
China sees first monthly trade deficit in three years image
Source : BBC [Read Article] Wednesday 8th of March 2017 09:19:40 AM
.... . "The latest trade data suggest that, seasonal distortions aside, both exports and imports strengthened at the start of 2017," said Julian Evans-Pritchard of Capital Economics. ...
'It was devastating': families and residents suffer as care homes close image
....A couple of miles away, another home, Clyde House, summoned families and delivered the same message. Both are operated by New Century Care, which runs 25 care homes across south-east England and Yorkshire, and was taken over in 2014 by a US private equity firm, Anchorage Capital. ...
Standard Life's Aberdeen deal means job losses – but avoids US takeover image
....Martin Gilbert of Aberdeen Asset Management, we thought, only had eyes for American suitors. He has been singing for ages about the appeal of the US, home of vast piles of investment cash, and he was an admirer of Anglo-Australian manager Henderson’s “clever” merger with Janus Capital of the US. ...
Gina Miller urges FCA investigation into fund management 'price fixing' image
.... It has called for more transparency and an end to hidden fund charges and mis-selling in the City of London’s asset management industry. Miller, who runs SCM Capital with her hedge fund manager husband Alan, said the vast majority of funds sold to small investors charge an annual management fee of 0. ...
Standard Life and Aberdeen seek to tie in key staff in £11bn merger image
Source : Guardian [Read Article] Monday 6th of March 2017 08:06:34 AM
....As they unveiled the deal, amid speculation that rival offers could emerge, the pair insisted they got on well and that their skills were complementary – although analysts were not convinced. “We have grave concerns over the structure of the board,” said Eamonn Flanagan, an analyst at Shore Capital. ...
Standard Life  and Aberdeen Asset Management confirm merger talks image
Source : Guardian [Read Article] Sunday 5th of March 2017 05:57:06 PM
.... Active management has come under pressure from the growing popularity of cheaper index-tracking funds and an increase in costs caused by the introduction of stricter regulatory rules since the financial crisis. Faced with the same pressures, UK rival Henderson Global Investors recently agreed to take over Denver-based firm Janus Capital, creating a fund house with assets of more than $320bn (£260bn). ...
Business wish list image
Source : BBC [Read Article] Sunday 5th of March 2017 01:37:19 AM
.... . The rules for the Enterprise Investment Scheme, Seed Enterprise Investment Scheme and Venture Capital Trusts are too restrictive and unnecessarily complex for entrepreneurs seeking equity funding, says the IoD. ...
UK economy 'loses momentum' as services growth slows image
Source : BBC [Read Article] Friday 3rd of March 2017 10:08:51 AM
...." . Paul Hollingsworth, UK economist at Capital Economics, said: "The economy faces a number of headwinds including higher inflation and uncertainty surrounding the future relationship with the EU as formal negotiations get underway. ...
WPP warns on 'tepid' economic growth as profits jump image
Source : BBC [Read Article] Friday 3rd of March 2017 09:25:26 AM
....Clients trying to cut costs has made advertising very competitive, slimming margins, the company said. Neil Wilson at ETX Capital said Brexit was a factor in WPP's cautious outlook, along with political uncertainty in Europe. ...
City news: Merlin Entertainments, Sportech, and Mike Ashley  image
Source : Daily Express [Read Article] Friday 3rd of March 2017 08:59:00 AM
...._________________________________________________________________. SPORTECH has scored a deal to offload its Football Pools business to private equity firm OpCapita for £83million. ...
China's economic concerns mount as thousands gather for congress image
Source : Guardian [Read Article] Friday 3rd of March 2017 06:26:46 AM
....The government also wants to trim its bloated state-owned government industries while tackling a slumping currency, massive capital flight by Chinese enterprises seeking better returns abroad, and fears of a housing bubble and bad-loan crisis. The total of Chinese debt has reached almost 250% of GDP and Capital Economics China expert Julian Evans-Pritchard warned this week that the window for Beijing to tackle the problem by recapitalising the banks and allowing state firms to fail was “closing fast”. ...
Snap IPO: a 21st-century firm with a 19th-century structure image
Source : Guardian [Read Article] Thursday 2nd of March 2017 07:36:11 PM
.... The retail sector, in particular, seems to have adopted pre-packs with an enthusiasm that was never intended. Capita’s Andy Parker cannot be surprised that new chairman Sir Ian Powell has decided to push him out – or, in the corporate lingo, mutually agree that “the next phase of his career” is best pursued elsewhere. ...
Mike Ashley firm buys lingerie firm Agent Provocateur image
Source : BBC [Read Article] Thursday 2nd of March 2017 04:27:32 PM
.... . It has been reported that the firm linked to Mr Ashley paid around £25m after seeing off competition from private equity firm Lion Capital. ...
Agent Provocateur founder brands Mike Ashley's purchase 'a stitch-up' image
Source : Guardian [Read Article] Thursday 2nd of March 2017 12:46:56 PM
.... Alongside its core sportswear business, Sports Direct owns clothing chain Flannels and fashion brands such as Firetrap. Sky News reported earlier this week that Ashley had risen above private equity firm Lion Capital in a bidding war to acquire Agent Provocateur and the tycoon is understood to have been personally involved in the talks to buy the business. ...
FTSE 100 falls from record high as Capita slumps image
Source : BBC [Read Article] Thursday 2nd of March 2017 09:09:57 AM
. The London market finished down from Wednesday's record high as shares in outsourcing group Capita slumped 9%. ...
Capita boss to quit amid profit fall image
Source : BBC [Read Article] Thursday 2nd of March 2017 08:19:35 AM
. Capita, the outsourcing company that operates the London congestion charge, has said its chief executive is stepping down after it reported a big fall in profits. ...
Dixons and Capita to drop out of FTSE 100 image
Source : BBC [Read Article] Wednesday 1st of March 2017 08:06:23 PM
. Dixons Carphone and Capita are to be relegated from the FTSE 100 index after their shares fell sharply in the last quarter. ...
Wall Street stocks rise after Trump's corporate tax cut promises image
Source : Guardian [Read Article] Wednesday 1st of March 2017 06:42:20 PM
....New York Fed president, William Dudley, an influential figure on the central bank’s open market committee and close ally of chair, Janet Yellen, said the case for tightening monetary policy “has become a lot more compelling”. “In fact, prospects of significant fiscal spending could push more Fed members to the hawkish camp,” said Ipek Ozkardeskaya, analyst at London Capital Group, adding that traders were in a hurry to readjust Fed expectations. ...
Mitie sells home healthcare business for £2 image
Source : BBC [Read Article] Wednesday 1st of March 2017 09:35:09 AM
....Outsourcing firm Mitie, which has issued three profit warnings in the past year, is selling its home healthcare business for just £2. The buyer is private equity firm Apposite Capital, which will also receive £9. ...
FTSE 100 closes at new record high image
Source : BBC [Read Article] Wednesday 1st of March 2017 09:19:22 AM
....On the FTSE 250, outsourcing firm Mitie Group added 3. 6% after selling its troubled social care businesses for a nominal £2 to private equity firm Apposite Capital. ...
ITV profits fall as advertising revenue slips image
Source : BBC [Read Article] Wednesday 1st of March 2017 07:37:00 AM
....". Neil Wilson at ETX Capital said he expected the company to continue moving away from a reliance on advertising. ...
Green Investment Bank: rival bidder launches legal challenge to sale image
Source : Guardian [Read Article] Wednesday 1st of March 2017 07:01:01 AM
....A last-ditch attempt has been made to derail the government’s controversial sale of the Green Investment Bank to the Australian investment bank Macquarie. Sustainable Development Capital (SDCL), a rival bidder for the bank, said it was launching a legal challenge to the government’s decision to select Macquarie as its preferred bidder for the £2bn deal. ...
Australia goes 25 years without recession image
Source : BBC [Read Article] Wednesday 1st of March 2017 02:18:44 AM
....ANZ analysts said the figures confirmed that the weakness in the third quarter "was only temporary, and underlying momentum in the economy remains solid". Capital Economics chief Australia economist Paul Dales said the economy was firmly "back on track". ...
Australia avoids recession as GDP grows 1.1% in December quarter image
Source : Guardian [Read Article] Wednesday 1st of March 2017 12:43:59 AM
....”. The chief Australian economist for Capital Economics, Paul Dales, warned that despite the result “economic growth will probably still disappoint this year”. ...
Christian Candy 'was hellbent on destroying' former friend's family image
Source : Guardian [Read Article] Tuesday 28th of February 2017 05:32:23 PM
....Roberts claimed Candy had begun as a “perfect” backer, before turning against him. He said Candy and his venture fund Candy Capital acted with malice to force him out, “initially by abusing the trust they had built up but then simply blackmailing themselves into a position of absolute power”. ...
PPI still dominates financial ombudsman's in-tray image
Source : BBC [Read Article] Tuesday 28th of February 2017 12:14:54 AM
....Top of the list in the last half of 2016 was the Bank of Scotland, which is part of the Lloyds banking group, with nearly 20,000 new complaints against it. It was followed by Lloyds bank itself, Barclays, HSBC, NatWest, the credit card firms Capital One and MBNA, Santander and the Nationwide building society. ...
Warren Buffett upbeat on US business growth image
Source : BBC [Read Article] Sunday 26th of February 2017 11:22:32 AM
.... . The letter was more about Mr Buffett's "epitaph even more so than prior letters", said Cole Smead of Smead Capital Management. ...
Will Pirc squeeze Apple until the pips squeak? image
Source : Guardian [Read Article] Sunday 26th of February 2017 07:00:23 AM
.... Perhaps there might have been awkward questions about last year’s Project Fear campaign from Osborne and David Cameron. Last week was a mixed one for Capita, but this one could be just bad. ...
Warren Buffett, 'Oracle of Omaha', criticises Wall Street and praises immigrants image
....Berkshire became one of the top 10 Apple investors, taking a stake of more than 9m shares in the first quarter of 2016 and then accelerating purchases in the last three months of the year. “I think Buffett likes Apple because of the hold or control that they are gaining over the lives of above-average income Americans and people around the world,” said Bill Smead of Smead Capital Management. ...
Germany overtakes UK as fastest-growing G7 economy image
Source : Guardian [Read Article] Thursday 23rd of February 2017 03:21:32 PM
....4% this year. Jennifer McKeown, chief European economist at Capital Economics, said: “German GDP was growing at a healthy pace at the end of last year, driven mainly by consumer spending. ...
Federal Reserve may raise US rates 'fairly soon' image
Source : BBC [Read Article] Wednesday 22nd of February 2017 10:25:49 PM
....8% in January. Paul Ashworth, chief US economist at Capital Economics, said the "fairly soon"' phrase in the minutes "clearly leaves the door open to a March rate hike, although . ...
UK economy grows faster than thought image
Source : BBC [Read Article] Wednesday 22nd of February 2017 11:45:29 AM
...."Unfortunately, this means that the chancellor won't be able to say that the UK was the fastest-growing G7 economy in 2016 in his upcoming Budget - Germany grew by 1. 9%," said Capital Economics UK economist Paul Hollingsworth. ...
Lloyds reports biggest profits since financial crash image
Source : Guardian [Read Article] Wednesday 22nd of February 2017 08:49:43 AM
.... Their 4% rise after the 2016 results were announced took the price to 69p. Gary Greenwood, banks analyst at Shore Capital, said the bank was increasing its guidance for profits – measured by net interest margin – for this year. ...
Made in the UK goods could cost more as import prices rise image
Source : Guardian [Read Article] Monday 20th of February 2017 01:17:41 PM
....He is expected to resist calls for him to intervene to lower business costs while industry remains buoyant and employment is at an all-time high. Ruth Gregory, UK economist at Capital Economics, said the CBI’s industrial trends survey added to the evidence that the manufacturing sector was getting back on its feet. ...
Results will reveal the good, the bad and the ugly of UK banks image
Source : Guardian [Read Article] Sunday 19th of February 2017 03:37:29 PM
....Also on the agenda is the boardroom changes HSBC promised a year ago when chairman Douglas Flint said the bank hoped to nominate his successor in 2017 who in turn could start the planning for a new chief executive. Gary Greenwood, banks analyst at Shore Capital said there may be questions for “more clarity” on succession planning at HSBC. ...
Another Brexit downside: foreign giants in power grabs for famous British names image
.... GM’s European business has not made a profit in the 21st century and the drop in the value of the pound has made carmaking in the UK even less attractive for a US company. And 3G Capital, the private equity fund that teamed up with Warren Buffett to merge Heinz and Kraft, has a reputation for cost-cutting. ...
A new Isa is offering tax-free returns of 12% – so what’s the catch? image
Source : Guardian [Read Article] Saturday 18th of February 2017 07:00:33 AM
.... Another player, Landbay, says it is launching its offering “very soon”. Other firms that have been fully authorised but don’t appear to be marketing Isas yet include Folk2Folk, Peer Funding Limited, Crowd for Angels, British Pearl, Crowdstacker, Octopus Choice and CapitalStackers. ...
The Unilever-Kraft Heinz takeover: the three key players image
Source : Guardian [Read Article] Friday 17th of February 2017 05:30:54 PM
....He has been married twice and has three children. A co-founder of private equity giant 3G Capital, Jorge Paulo Lemann is ranked the world’s 19th richest man and Brazil’s wealthiest, with a fortune estimated at $29. ...

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