Topic filter : Buyout

Most trending topics in Business & Finance ( last 24 hours ):
Barclays Euro Supermarket Gold Sainsbury Energy Sector Electricity Power Station Cyber-attack Uber Private Landlord Housing Benefit Landlord Stock Market Royal Bank Of Scotland Small Business Wall Street Donald Trump Bank Of England Interest Rate Referendum Monetary Policy Wedding Airport Flight Labour Brexit EU Referendum Retailer Shopping Lender Online Shop Online Shopping Citizens Advice Contract Takeover Takeover Bid Rupert Murdoch Sky

Socially Most Trending News

....7m, including a £4. 5m buyout consisting of £4m in shares and £550,000 in cash. ... [Read full article on Guardian ]
Tuesday 6th of June 2017 05:35:18 PM
Total Trend count
156
Most trending on :
155 1
....It’s hard to think of a better poster child for “conscious capitalism” than Whole Foods Market, the high-end grocery store that made a name for itself selling organic produce in feel-good, mood-lit stores. These days, the chain is floundering and a potential buyout is on the horizon. ... [Read full article on Guardian ]
Monday 29th of May 2017 01:46:09 PM
Total Trend count
128
Most trending on :
117 10 1
....". The defence QC had also pointed out that there had been "no loss" to Sir David Murray in the buyout. ... [Read full article on BBC ]
Tuesday 6th of June 2017 12:26:41 PM
Total Trend count
32
Most trending on :
23 9
....The pension scheme deficit at Arcadia Group has risen to nearly £1bn, according to documents recently published by MPs investigating the demise of BHS and pensions regulation. Arcadia, which has two pension schemes – one for senior executives, another for the rest of the staff – had a combined deficit of £993m in March last year on a buyout basis. ... [Read full article on Guardian ]
Sunday 4th of June 2017 03:29:15 PM
Total Trend count
23
Most trending on :
23

Latest Finance News related to Buyout

M&S fashion chief will leave behind £1.7m as she departs Halfords image
Source : Guardian [Read Article] Thursday 22nd of June 2017 05:24:01 PM
....7m of bonuses from the bikes and car parts retailer as she jumps ship to Marks & Spencer. However, the executive, who will have spent only two and a half years at Halfords, is unlikely to feel shortchanged as M&S’s policy is to offer payments or buyout awards to new recruits to make up for bonuses missed at their former employer. ...
Rangers fraud trial: Craig Whyte found not guilty image
Source : BBC [Read Article] Tuesday 6th of June 2017 12:26:41 PM
....". The defence QC had also pointed out that there had been "no loss" to Sir David Murray in the buyout. ...
Philip Green fashion empire hit by 16% fall in profits image
Source : Guardian [Read Article] Sunday 4th of June 2017 03:29:15 PM
....The pension scheme deficit at Arcadia Group has risen to nearly £1bn, according to documents recently published by MPs investigating the demise of BHS and pensions regulation. Arcadia, which has two pension schemes – one for senior executives, another for the rest of the staff – had a combined deficit of £993m in March last year on a buyout basis. ...
Whole Foods represents the failures of 'conscious capitalism' | Nicole Aschoff image
....It’s hard to think of a better poster child for “conscious capitalism” than Whole Foods Market, the high-end grocery store that made a name for itself selling organic produce in feel-good, mood-lit stores. These days, the chain is floundering and a potential buyout is on the horizon. ...
Sports Direct recruiter Transline sold to rival Russell Taylor Group image
Source : Guardian [Read Article] Thursday 18th of May 2017 05:16:24 PM
....”. The buyout comes after Transline had a tough 18 months after the publication of a Guardian investigation into pay and conditions at Sports Direct’s warehouse. ...
Co-op Bank investors braced for losses as it tries to raise £750m image
Source : Guardian [Read Article] Tuesday 9th of May 2017 06:31:56 PM
.... This would require Co-op Bank to convince existing investors to stump up more cash or seek more backers. Among those flagged as potential new investors are Virgin Money, TSB and buyout houses JC Flowers and Cerberus. ...
Warren Buffett: cutting jobs is standard capitalist formula image
Source : Guardian [Read Article] Monday 8th of May 2017 03:52:00 PM
. Warren Buffett has defended the Brazilian buyout house with which he attempted to take over Unilever, by saying 3G was only following a “standard capitalist” stance to doing business by slashing costs and cutting staff. ...
What’s it like to lose £350m? A rogue trader confesses image
Source : Guardian [Read Article] Sunday 7th of May 2017 08:00:27 AM
.... Perhaps the most shocking element of Stenfors’s new book is that it confirms that the economic crisis, which was effectively created by the banks, did very little to make the banks address their bad habits. Merrill Lynch, for example, had to be bailed out by the Bank of America in what amounted to a buyout. ...
Barclays chief clashes with private equity firm over family dispute image
. Barclays boss Jes Staley has incurred the wrath of one of the bank’s most powerful clients, private equity giant KKR, after backing his brother-in-law in a legal dispute with the buyout house. ...
Arcadia plan sees pension woe pile up for Philip Green image
Source : Guardian [Read Article] Saturday 1st of April 2017 03:00:28 PM
....The pension scheme deficit at Sir Philip Green’s Arcadia Group has risen to nearly £1bn, which means another headache for the former BHS owner. Documents to be published on Sunday by MPs investigating the demise of BHS and pensions regulation, reveal that the Topshop to Dorothy Perkins group’s two pension schemes – one for senior executives, another for the rest of the staff – had a combined deficit of £993m in March last year on a buyout basis. ...
1,100 Jones Bootmaker jobs at risk as private equity deal collapses image
Source : Guardian [Read Article] Thursday 23rd of March 2017 07:39:45 PM
....Other parties, thought to include the footwear group Kurt Geiger, are also interested in buying the 160-year old Jones brand. More than one source close to the situation said a potential deal to rescue the chain, with the buyout firm Endless, had fallen through because Alteri wanted more cash than was on offer from potential buyers. ...
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. ...
Glad to be sacked image
Source : BBC [Read Article] Monday 13th of March 2017 12:12:20 AM
....Rowan Gormley says he had no idea that he was about to be sacked. Back in June 2008, as the founder and boss of Virgin Wines, he was trying to lead a management buyout from its then-parent group Direct Wines. ...
Business group calls for change to schemes giving tax breaks to 'select few' image
Source : Daily Express [Read Article] Thursday 2nd of March 2017 12:01:00 AM
.... . “The UK could use the annual tax concessions for employee share ownership, currently dominated by those on high incomes, in a far more fair way to promote an inclusive economy - piloting solutions that give low- and middle-income workers more of a stake in the economy, for example, or supporting employee buyouts to help address the country's looming business succession crisis. ...
Unilever takes steps to fend off renewed bid from Kraft Heinz image
Source : Guardian [Read Article] Wednesday 22nd of February 2017 03:09:35 PM
....Unilever’s decision to take action immediately after becoming a bid target suggests management believes Kraft could renew its interest after its billionaire backers tasted a rare defeat. Warren Buffett’s investment group Berkshire Hathaway and buyout house 3G, backed by the Brazilian billionaire Jorge Lemann, own 51% of Kraft Heinz between them. ...
How Unilever foiled Kraft Heinz's £115bn takeover bid image
Source : Guardian [Read Article] Monday 20th of February 2017 07:15:00 PM
....Such a swift withdrawal is unheard of for Lemann and Buffett, neither of whom are accustomed to tasting defeat in a major bid battle. Lemann’s Brazilian buyout house 3G was instrumental in securing brewer ABInBev’s takeover of SABMiller, while Buffett – often dubbed the Sage of Omaha for his deal-making prowess – was among the masterminds behind Kraft’s merger with Heinz in 2015. ...
Fraud case and falling share price take shine off Lloyds’s farewell to taxpayer image
....In the UK, Peter Cummings, who ran the Bank of Scotland corporate lending arm, had a list of clients that included Sir Philip Green during his ill-fated bid for Marks & Spencer in 2004. The 2015 BoE/FCA regulatory report outlines the complexities of the lending operations: the HBOS-backed buyout of house builder McCarthy & Stone included the property moguls the Reuben Brothers and Scottish entrepreneur Sir Tom Hunter, who had also been involved with buying 220 pubs and Travelodge. ...
Philip Green, Vibrac and Riverdance: the mystery of Everton’s ‘shadow investor’ image
.... He previously was a director of a company called Balzane Services SA, which was used by Vibrac as a vehicle to transfer “movable assets” through Switzerland between 2011 and 2014 before making loans to football clubs. Balzane was also the intermediary in the buyout of substantial blocks of shares in the pub company Mitchells & Butlers in 2009, which involved the racehorse magnates Michael Tabor, Derrick Smith, JP McManus and John Magnier, as well as the Tottenham owner Joe Lewis. ...
Sainsbury's chief Mike Coupe stocks up for future image
Source : Guardian [Read Article] Thursday 22nd of December 2016 07:00:40 AM
....“It’s the three businesses together that gives the group more flexibility, more resources and more ability to compete,” he says. After an “operationally successful” Black Friday last month, the biggest sales day of the year for Argos, Coupe says he is more confident than ever about the buyout. ...
Suntory time! Spirits giant snaps up London gin distiller Sipsmith image
Source : Guardian [Read Article] Friday 16th of December 2016 11:40:52 AM
....”. He said the buyout of the craft gin distiller Monkey 47 by Pernod Ricard in January marked the beginning of a trend that was likely to escalate, although there were few craft gin makers who have reached any serious scale. ...
Iceland v Iceland: retailer to visit Reykjavik to thaw trademark row image
Source : Guardian [Read Article] Tuesday 29th of November 2016 02:06:11 PM
.... This relationship came to an end with the £1. 5bn management buyout of the company in 2012, but Iceland the company has continued to have a warm relationship with Iceland the country through the ownership of three Iceland stores there, export sales of Iceland products to other retailers throughout the country, and sponsorship of the Icelandic national team in this year’s European football championships. ...
Iceland government challenges retail chain Iceland over name use image
Source : Guardian [Read Article] Thursday 24th of November 2016 07:05:03 PM
.... Icelandic retail conglomerate Baugur bought a controlling stake in the grocer which it held until its collapse in 2009. Icelandic banks Landsbanki and Glitnir took on the stake, which was later acquired as part of a management buyout led by Walker. ...
Tobacco firm Reynolds 'stubs out $47bn BAT offer' image
Source : BBC [Read Article] Tuesday 15th of November 2016 01:30:24 AM
. US cigarette maker Reynolds American has rejected a buyout offer worth $47bn (£38bn) from British American Tobacco, according to reports. ...
Supercar maker McLaren denies Apple investment report image
Source : BBC [Read Article] Wednesday 21st of September 2016 08:56:39 PM
. Formula 1 team owner McLaren has dampened down a report that Apple has made a buyout or investment approach for the supercar maker. ...
Liberty Media takeover will give teams chance to buy shares in sport image
Source : BBC [Read Article] Thursday 8th of September 2016 02:44:59 PM
....Formula 1 teams are to be given the chance to buy shares in the sport for the first time following a takeover by US giant Liberty Media. The first stage of a buyout was completed on Wednesday, with Liberty taking 18. ...

Mark Evans takes over as chief of O2 after buyout deals fall through
 image
Source : Telegraph [Read Article] Friday 15th of July 2016 10:06:29 AM
...
Related to :
Jack Wills may seek further investment as backer looks to pull out image
Source : Guardian [Read Article] Sunday 26th of June 2016 04:54:21 PM
....Jack Wills, the British fashion brand, could bring in new investors after it was reported that its private equity backer is keen to sell its minority shareholding. Inflexion Private Equity, which has a 27% stake in the company, has been discussing a possible sale to other City buyout firms, according to the Sunday Times. ...
Time Out shares drop on first day of trading amid Brexit fears image
Source : Guardian [Read Article] Tuesday 14th of June 2016 10:18:48 AM
.... It expanded into New York and other locations in the 1990s and published city guides. Elliott sold a controlling stake in Time Out to buyout firm Oakley Capital in 2010 though he kept 10%. ...
Boots UK boss Simon Roberts quits image
Source : Guardian [Read Article] Thursday 9th of June 2016 02:59:06 PM
....The Monaco-based serial dealmaker, who is worth an estimated £9. 5bn, then teamed up with the US buyout firm Kohlberg Kravis Roberts (KKR) to buy the group off the stock market in 2007. ...
EMI collapse cost Guy Hands €200m, court hears image
Source : Guardian [Read Article] Wednesday 8th of June 2016 01:45:02 PM
....Giving evidence in his claim for at least £1. 5bn against Citigroup, Hands agreed with assertions by the US bank’s lawyer that the 2007 takeover of the British music group was a disaster for him and his buyout vehicle, Terra Firma. ...
Former BHS owner Arcadia Group agreed to protect business image
Source : Guardian [Read Article] Sunday 5th of June 2016 08:02:00 PM
.... Arcadia says the money was part of the final settlement of the deal to sell BHS to Retail Acquisitions, a normal part of settling up a major transaction. Budge said the money had been paid directly to BHS’s bank, HSBC, and not to Chappell’s buyout group, in order to settle an overdraft facility. ...
Tata Steel close to deal with government to keep UK business image
Source : Guardian [Read Article] Thursday 2nd of June 2016 06:35:11 PM
....The deadline for buyers to make a formal proposal to buy Tata Steel UK was last week. Eight bidders are thought to be in the running, including metals group Liberty House, Excalibur, a management buyout backed by a Welsh consortium, Leeds-based private equity firm Endless, JSW Steel of India and US group Nucor. ...
High street blues: British retail casualties since 2011 image
Source : Guardian [Read Article] Thursday 2nd of June 2016 05:11:16 PM
....May – Clinton Cards, which operated 628 Clinton and 139 Birthdays stores, went into administration, putting 8,000 jobs at risk. Nearly 400 stores and about half the jobs are later saved after a buyout by the group’s largest creditor, American Greetings. ...
Tata Steel is considering retaining UK business image
Source : Guardian [Read Article] Wednesday 25th of May 2016 07:08:57 PM
....The deadline for potential buyers to make a formal bid was Monday and the company was expected to try to draw up a shortlist at the board meeting. Eight bidders are thought to be in the running, including metals group Liberty House, Excalibur, a management buyout backed by a Welsh consortium, Leeds-based private equity firm Endless, JSW Steel of India and US group Nucor. ...
Philip Green 'refused to put more than £10m a year' in BHS pensions scheme image
....MPs on the business, innovation and skills committee and the work and pensions committee are investigating the retailer’s collapse. They were told by advisers to Retail Acquisitions that there were doubts about the qualifications of Chappell to rescue BHS when he led a buyout. ...
BHS collapse: Philip Green was warned about buyer, MPs hear image
Source : Guardian [Read Article] Monday 23rd of May 2016 06:39:03 PM
. Sir Philip Green’s retail business was warned before the sale of BHS that Dominic Chappell, the man who led the buyout, had been declared bankrupt and lacked experience in the retail industry. ...
UK and EU urged to act on Chinese steel dumping after US raises duty on imports image
.... India’s Tata has put its UK steel factories up for sale, putting thousands of jobs at risk across the country, including more than 4,000 in Port Talbot. There are seven bidders jostling for the business: a management buyout team, steel and property group Liberty House, three foreign steelmakers and two private equity firms. ...
UK steel boost as MEPs oppose giving China market economy status image
Source : Guardian [Read Article] Thursday 12th of May 2016 06:09:23 PM
....5bn off the long-term liabilities of the 135,000-member scheme, the Financial Times reported. The seven companies in the running to buy Tata Steel UK include Liberty House, which recently bought two Scottish steel mills from Tata, a management buyout team known as Excalibur and investment firm Greybull Capital, which is in the middle of a deal to buy Tata’s UK long products division. ...
Why don't we talk more about the privatisation of social care? image
Source : Guardian [Read Article] Thursday 12th of May 2016 07:25:55 AM
....There’s no doubt that social care needs better funding. But we may want to ask why this should be funnelled into residential institutions – especially into business models based on private equity buyouts and offshore ownership. ...
ThyssenKrupp cuts profit estimates as steel glut weighs on prices image
Source : Guardian [Read Article] Tuesday 10th of May 2016 11:22:55 AM
....The Essen-based company has held talks with India’s Tata Steel about buying its European business, but was put off by the losses of the UK business and its pension liabilities totalling almost £15bn. It is not thought to have submitted a bid for Port Talbot and Tata’s other struggling UK sites in the current bidding process, where the Excalibur Steel management buyout has emerged as the frontrunner. ...
Tata Steel says seven firms in frame to bid for rest of UK operations image
....Related: Tata Steel bid team says deal involves 1,000 more job losses. They include Liberty House, which bought two Scottish steel mills formerly owned by Tata last month, and Excalibur UK, a management buyout led by Port Talbot boss Stuart Wilkie. ...
Tata Steel bid team says deal involves 1,000 more job losses image
Source : Guardian [Read Article] Friday 6th of May 2016 08:13:01 AM
. A management buyout of Tata Steel’s UK operations would lead to 1,000 more job losses, the bid team has admitted. ...
Sir Philip Green calls for Frank Field to step down from committee image
Source : Guardian [Read Article] Thursday 5th of May 2016 09:23:59 PM
....Green said that BHS’s board had not been involved in any decisions made by the trustees of the BHS pension fund other than in complying with their decisions. He added that the £571m deficit figure was based on the cost of a buyout of the fund by an insurance company – a much higher figure than the deficit if the fund is taken on by the PPF. ...
Excalibur management buyout is frontrunner to rescue Tata Steel UK image
Source : Guardian [Read Article] Thursday 5th of May 2016 06:15:13 PM
. The Excalibur Steel management buyout has emerged as the frontrunner to rescue Tata Steel UK, although concerns about funding and pensions could still derail the bid. ...
European commission likely to block sale of O2 to Three owner image
Source : Guardian [Read Article] Wednesday 4th of May 2016 11:51:01 PM
....A spokesman for the commission declined to comment, saying only that the EU’s executive branch has until 19 May to make a ruling. Hutchison is controlled by one of the richest men in Asia, Li Ka-shing, and his buyout of O2 from Spain’s Telefonica for £10. ...
Tata Steel: rival bidders make their moves to buy assets image
Source : Guardian [Read Article] Tuesday 3rd of May 2016 04:46:47 PM
....The race to save some of the thousands of jobs at risk in the UK steel industry has intensified after two potential rival bidders made moves to acquire Tata Steel’s UK assets. Liberty House, the global metals group, and Excalibur Steel UK, the group planning a management buyout, both confirmed they had registered letters of intent expressing their formal interest. ...
Tata Steel: rival bidders make their moves to buy assets image
Source : Guardian [Read Article] Tuesday 3rd of May 2016 05:21:51 AM
....The race to save some of the thousands of jobs at risk in the UK steel industry has intensified after two potential rival bidders made moves to acquire Tata Steel’s UK assets. Liberty House, the global metals group, and Excalibur Steel UK, the group planning a management buyout, both confirmed they had registered letters of intent expressing their formal interest. ...
Tata Steel may yet keep UK business if outlook improves image
Source : Guardian [Read Article] Tuesday 26th of April 2016 07:20:18 PM
....Tata has contacted almost 200 potential buyers for its UK business, including investment firms and other industrial companies. The most likely saviour to emerge so far is a management buyout backed by the Welsh billionaire Sir Terry Matthews. ...
David Cameron to visit Port Talbot steelworks image
Source : Guardian [Read Article] Tuesday 26th of April 2016 11:03:06 AM
....David Cameron is to visit the steelworks at Port Talbot in south Wales to speak to bosses, unions and staff at the under-threat plant. The prime minister’s surprise visit on Tuesday comes as a director at the Tata Steel plant seeks to put together a management buyout of the firm’s UK business. ...
How Philip Green's family made millions as value of BHS plummeted image
Source : Guardian [Read Article] Monday 25th of April 2016 07:06:29 PM
.... Though the Greens had a stake in the building, they agreed that the proceeds go to BHS. However, the pensions regulator looks likely to seek more from the Greens, as a Guardian analysis suggests the family earned more from BHS during their ownership than the retailer’s £571m pension deficit, as measured on a buyout valuation. ...
Tata Steel: Welsh billionaire could plough own money into UK buyout image
Source : Guardian [Read Article] Friday 22nd of April 2016 11:14:21 AM
. Welsh billionaire Sir Terry Matthews has said he could be willing to put his own money behind a management buyout of Tata Steel’s UK business and the Port Talbot steelworks. ...
A Port Talbot buyout could transform industrial relations in the UK | Ian Greenwood image
. A management buyout at the ailing Tata Port Talbot steelworks will depend on a financial package requiring, in all probability, not only private but also government support. ...
Tata Steel: government offers to part-nationalise UK plants image
Source : Guardian [Read Article] Thursday 21st of April 2016 12:36:01 PM
....Related: Government 'willing to take 25% stake in Tata Steel' - Politics live. The consortium behind the proposed management buyout, which includes Welsh billionaire Sir Terry Matthews, said the government’s offer made a rescue deal more attractive. ...
There's nothing anti-American about the EU investigating Google | Nils Pratley image
.... It would be nice if there were more European rivals to complain about. A word of advice to any Port Talbot steelworker who may be asked to contribute funds to a management buyout (MBO) attempt: make sure your head rules your heart. ...
Welsh billionaire Terry Matthews backs Tata Steel UK buyout plan image
Source : Guardian [Read Article] Wednesday 20th of April 2016 04:31:38 PM
. Sir Terry Matthews, the first Welsh billionaire, is backing a proposed management buyout of Tata Steel UK, boosting hopes of a rescue deal for the Port Talbot steelworks and thousands of employees. ...
How the UK steel crisis unfolded image
Source : Guardian [Read Article] Wednesday 20th of April 2016 02:10:10 PM
....Tata Steel’s decision to sell its UK business has brought the crisis engulfing the British steel industry to a head. As the boss at Port Talbot seeks backing for a management buyout to save the business, this is how the politically explosive crisis built over five years. ...
Port Talbot boss raising funds for Tata rescue bid image
Source : Guardian [Read Article] Wednesday 20th of April 2016 10:16:21 AM
. The boss of the Port Talbot steelworks is working on a proposal to rescue Tata Steel’s UK business through a management buyout. ...
Senior Port Talbot staff ‘to announce buyout plan for Tata Steel plant’ image
. Senior staff from Tata Steel’s Port Talbot factory are expected to announce a management buyout plan for the plant. ...
The price of failure: Yahoo's Marissa Mayer could get $59m buyout image
Source : Guardian [Read Article] Tuesday 19th of April 2016 11:00:22 AM
.... Bids are now in for the ailing tech company – and no matter who gets it, Mayer is set to be one of the biggest winners. Mayer has taken home $78m since she was installed as CEO in 2012, according to stock analytics firm MCSI; if she’s dismissed from the company after a buyout she’s set for another $59m, based on the terms of the company’s most recent proxy statement. ...
Sainsbury's hires 150 digital experts for face-off with Amazon and Tesco image
. Sainsbury’s is hiring 150 digital and technology experts to help improve its online store as it finalises the buyout of Argos. ...
Clock ticks for Tata steel as bidders given until the end of the month image
Source : Daily Express [Read Article] Sunday 17th of April 2016 12:01:00 AM
....Other potential rescuers are Greybull Capital and German conglomerate ThyssenKrupp. One major stumbling block to any rescue is the £14billion British Steel Pension Scheme, which is said to have a £2billion deficit on a buyout basis. ...
World's largest coal producer files for bankruptcy protection image
Source : Guardian [Read Article] Wednesday 13th of April 2016 12:40:05 PM
.... It was worth nearly $20bn a few years ago, but its fortunes have changed dramatically. The position of Peabody was made worse by borrowing heavily to execute a $5bn buyout alongside Arcelor Mittal of Australia’s Macarthur five years ago. ...
Coal producer Peabody Energy files for bankruptcy image
Source : Guardian [Read Article] Wednesday 13th of April 2016 07:54:33 AM
....Peabody’s debt troubles date back to its $5. 1bn leveraged buyout of Australia’s Macarthur in 2011, a coveted asset at the time meant to position it as a supplier of metallurgical coal for Asian steel mills. ...
Tata Steel crisis deepens with senior staff suspended amid SFO probe image
Source : Guardian [Read Article] Friday 8th of April 2016 06:03:34 PM
....A number of potential buyers have emerged, including Liberty House, which is run by metals tycoon Sanjeev Gupta, Greybull, the investment firm, and ThyssenKrupp, the German industrial conglomerate. A management buyout is another option, although this would need financial backing from a third party. ...
Co-op in line for £82m windfall image
Source : Guardian [Read Article] Thursday 7th of April 2016 06:08:40 PM
....The potential payouts come at a difficult time for Thomas Cook, which has suffered from troubles in Tunisia and Egypt. If the buyout goes ahead the Co-op brand must be removed from the venture’s 230 stores over the following two years, under the terms of the original agreement. ...
Tata Steel: potential Port Talbot bidder says he is yet to decide on offer image
....”. Sajid Javid, the business secretary, spent Thursday afternoon in talks with management and workers at the Port Talbot plant, who could try to launch a management buyout if they secure a financial backer. ...
Who might rescue Port Talbot? image
Source : Guardian [Read Article] Wednesday 6th of April 2016 03:20:31 PM
....Investment firm Greybull, led by brothers Marc and Nathaniel Meyohas, specialises in turning around struggling businesses. It led a rescue buyout of the airline Monarch, but also backed OpCapita’s acquisition of electricals retailer Comet, which collapsed months later. ...
Tata steel crisis calls for cool heads and long-term thinking image
Source : Guardian [Read Article] Tuesday 5th of April 2016 05:57:09 PM
.... Bailey and Forrest believe this would provide enough breathing space to take action in the five areas that would help steel through its current problems: energy costs; EU emissions regulations; procurement; business rates; and unfair dumping by China. This approach carries none of the ideological baggage of full nationalisation but would increase the chances of a sale, a management buyout or a public-private joint venture that would better safeguard the future of the industry in Britain. ...
Pension Protection scheme primed to bailout Tata steel workers and BHS image
Source : Daily Express [Read Article] Sunday 3rd of April 2016 12:01:00 AM
....BHS, which has not made a profit for seven years, avoided collapsing into administration last month after its landlords agreed to huge rent cuts. The crisis resulted in the PPF becoming the retailer’s biggest creditor after taking on its two schemes, which have a combined £571million deficit on a secure buyout basis. ...
Port Talbot steel plant could be rescued by German company image
Source : Guardian [Read Article] Saturday 2nd of April 2016 08:35:55 PM
.... The government will this week appoint a financial adviser to draw up the terms of any loan. Tata considers the options for its UK business to be a management buyout led by unions, a break-up to different buyers, a sale of the entire business to one party, potentially to ThyssenKrupp, or closure. ...
Richard Desmond sells his adult TV channels image
Source : Guardian [Read Article] Friday 1st of April 2016 10:30:44 AM
....Richard Desmond has sold his adult TV business, including the Television X and Red Hot channels, severing his last link with the adult entertainment industry that helped the Daily Express and Daily Star owner make his fortune. Desmond’s company, Northern & Shell, announced on Friday it had sold its adult broadcasting arm, Portland Television, in a management buyout worth less than £1m, 12 years after he sold his adult magazines. ...
PM: No guarantees on steel crisis image
Source : BBC [Read Article] Wednesday 30th of March 2016 11:49:53 PM
.... But with Port Talbot losing £1m a day who would want to take it over?. A worker-management buyout is possible but their turnaround plan would require £300m of investment. ...
Tata Steel crisis leaves government ministers in ‘disarray’ image
Source : Guardian [Read Article] Wednesday 30th of March 2016 08:54:33 PM
....Port Talbot, and other Tata sites with blast furnaces that actually make steel, are understood be particularly at risk because the financial losses are so large. Senior staff at Port Talbot are thought to be willing to launch a management buyout, but this is likely to need the unions to agree to cuts to the pension scheme and financial support from the government. ...
British steel plants must be sold within weeks, says Tata image
Source : Guardian [Read Article] Wednesday 30th of March 2016 04:40:38 PM
....Port Talbot, and other Tata sites with blast furnaces that actually make steel, are understood to be particularly at risk because the financial losses are so large. The management at Port Talbot is thought to be willing to launch a management buyout, but this is likely to need the unions to agree to cuts to the pension scheme and financial support from the government. ...
Morrisons calls for actors to star in advert – just not scousers image
Source : Guardian [Read Article] Wednesday 30th of March 2016 11:14:39 AM
....Hi @Morrisons. The people of Liverpool will forgive and forget this mishap on the condition you cast me in said ad with a £15k buyout. ...

Page rendered in 1.9962 seconds.