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....Investec analyst Kate Calvert has pencilled in pre-tax profits of £603m for the year to 31 March – down from £690m a year ago as the combination of rising costs and falling sales eats into the company’s profitability. “M&S is playing catch up in a difficult mid-market position,” said Calvert who said the collapse in the value of the pound since the Brexit vote would add to the pressures faced by management this year as the cost of imported goods rises. ... [Read full article on Guardian ]
Sunday 21st of May 2017 10:16:45 AM
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Latest Finance News related to Mid-market

Marks & Spencer to report slump in clothing sales after short-lived boost image
....Investec analyst Kate Calvert has pencilled in pre-tax profits of £603m for the year to 31 March – down from £690m a year ago as the combination of rising costs and falling sales eats into the company’s profitability. “M&S is playing catch up in a difficult mid-market position,” said Calvert who said the collapse in the value of the pound since the Brexit vote would add to the pressures faced by management this year as the cost of imported goods rises. ...
Home sales in COLLAPSE: Lenders pull the plug after surveyors downgrade values  image
Source : Daily Express [Read Article] Wednesday 10th of May 2017 01:57:00 PM
....Jonathan Harris, director of mortgage broker Anderson Harris, said: "There is changing sentiment; the best in class properties are shifting but we are seeing a number of down valuations from surveyors as caution starts to become more prevalent. "The mid-market is being less affected by down valuations - it is the £1m-plus market, which is more prone to over-inflated asking prices and down valuations. ...
Tesla recalls 53,000 cars over brake issue image
Source : BBC [Read Article] Friday 21st of April 2017 02:16:42 AM
....Last year Mr Musk expressed the firm's desire to branch out beyond cars, but analysts are concerned the company will not meet demand for its current projects. The Model 3, a more mid-market car compared with Tesla's current offerings, has 400,000 pre-orders which is vastly more than the company can manufacture in a year. ...
Business confidence stabilises but Brexit jitters linger image
Source : Guardian [Read Article] Tuesday 3rd of January 2017 12:01:38 AM
....Overall business confidence is well below the long-term average, but remains well above the lows seen during the last financial crisis, supported by demand from the UK and abroad. Tim Hinton, managing director of mid-markets and SME banking at Lloyds, said: “The banking sector also has a much stronger capital position to withstand any shocks than in 2008-09 which should give businesses more confidence that their growth ambitions can be supported in the year ahead. ...
Staples brand to disappear from UK High Streets image
Source : BBC [Read Article] Thursday 17th of November 2016 12:32:23 PM
.... . Shira Goodman, chief executive of Staples, said selling the UK business was in line with its strategy of focusing on the North American and mid-market business. ...
Pure Gym to work out London stock market listing image
Source : BBC [Read Article] Wednesday 14th of September 2016 07:38:04 AM
....The gym market has faced similar pressures to the retail sector, with those at the bottom and top prospering, while those in the middle suffering. Fitness First - one of the squeezed mid-market operators - could be broken up, with JJB Sports founder Dave Whelan taking on most of its 70 sites, Sky News reported. ...
Frankie & Benny's owner Restaurant Group to close 33 sites image
Source : BBC [Read Article] Friday 26th of August 2016 07:49:53 AM
....Around half of the restaurant closures planned would be across the Frankie and Benny's chain, leaving it with around 235 outlets. The restaurant critic and broadcaster, Jay Rayner, told the BBC that mid-market restaurant chains, like those owned by The Restaurant Group, were potentially among the sector's most lucrative. ...
Bad weather takes toll on French wine production image
Source : BBC [Read Article] Thursday 25th of August 2016 03:43:09 PM
....Prices will rise, although one French wine trader said the Brexit effect would be a greater inflationary pressure for UK buyers. Jean-Pierre Hourlier, who sells mid-market French wines in the UK, said: "Prices are going up across the board because of the euro and the impact on transport because of Brexit. ...
Planning to send money overseas? Here’s how to do it image
Source : Guardian [Read Article] Saturday 20th of August 2016 06:00:06 AM
....Consumers should first cut through any nonsense about “no fees” or “no commission”. Your key question should be: “After all the charges, how many euros/yen/dollars etc will I get for X pounds?” To do this, check how much you are offered against the mid-market “interbank rate”, the rate used when banks trade between one other. ...
Mortgage cut 'delay' and best savings rates 'slaughter' image
Source : BBC [Read Article] Friday 5th of August 2016 10:48:53 AM
.... . "This has resulted in a vicious cycle of rate reductions so that they can move to a more mid-market position, or indeed withdrawing the deal entirely due to countless applicants. ...
Top savings deals 'slaughtered' ahead of UK interest rate cut: Where to get the best rate image
....Ms Springall added: “Small providers that would have never envisaged being market-leaders are slowly finding themselves near the top of the market, due to other providers falling out of the best buys. "This has resulted in a vicious cycle of rate reductions so that they can move to a more mid-market position, or indeed withdrawing the deal entirely due to countless applicants. ...
Savings accounts disappear as Bank of England prepares to cut rates image
Source : Guardian [Read Article] Monday 1st of August 2016 12:30:34 PM
....“Small providers that would have never envisaged being market-leaders are slowly finding themselves near the top of the market, due to other providers falling out of the best buys. This has resulted in a vicious cycle of rate reductions so that they can move to a more mid-market position, or indeed withdrawing the deal entirely due to countless applicants. ...
Tweaking pensions law to save Tata Steel UK would be a risky move image
Source : Guardian [Read Article] Thursday 26th of May 2016 07:19:13 PM
.... Johnson is honest enough to admit that he got the job on an interim basis “because he’s there”, and thus can complete the review by the autumn. But one decision seems to have been half-made already: Electra Partners, the outside outfit managing the mid-market fund, has been served a “notice of termination” after 40 years. ...
Bank of England meeting could discuss cutting interest rates image
Source : Guardian [Read Article] Sunday 8th of May 2016 12:41:16 PM
....Companies said last month’s introduction of the ‘national living wage’ was weighing on hiring. “The majority of regions have started the second quarter on a weaker footing, with business activity no longer showing the robust growth that we have seen over the past two to three years,” said Tim Hinton, managing director for mid-markets and SME banking at Lloyds Banking Group. ...
Disney pins its merchandise designs on an adult audience image
Source : Guardian [Read Article] Monday 2nd of May 2016 02:27:52 PM
....“Whether you have children or not, it’s all about the emotional connection,” added Gianesin. “Luxury brands create new trends that move through the pyramid from luxury to trend-market to mid-market to mass market, even discount. ...
New M&S boss Steve Rowe faces baptism of fire as sales fall image
Source : Guardian [Read Article] Sunday 3rd of April 2016 11:08:48 AM
....Related: M&S won’t miss Bolland’s dress sense. Rowe’s leadership could face headwinds after mid-market rival Next last week warned fashion retailers it could be facing the toughest trading conditions since the financial crisis in 2008, with Britons opting to spend spare cash on eating out and holidays rather than clothes. ...
The challenges facing Marks & Spencer's new chief image
Source : Guardian [Read Article] Saturday 2nd of April 2016 06:00:01 AM
....Price. Value for money is key to the M&S’s older clothes-buying customer base, but industry surveys estimate the retailer’s prices are 20% adrift of mid-market peers such as Next and Debenhams. ...
New measures to speed up house building image
Source : BBC [Read Article] Monday 29th of February 2016 05:41:18 PM
....It is hoped the money will speed up the rate at which private and affordable homes are being built. The Scottish government is also looking at ways of funding more mid-market rent developments. ...
Don’t be smug, technology is eating middle-class jobs too image
Source : Guardian [Read Article] Monday 29th of February 2016 12:02:49 PM
.... So, more ponderously, is the NHS. Amazon and Morrisons have announced a hook-up, and didn’t Sainsburys eat Argos the other day? The Mirror Group is launching New Day, a mid-market newspaper to challenge the Daily Mail and the Express. ...
Lloyds' private equity arm backs £175m delivery firm CitySprint image
Source : Telegraph [Read Article] Thursday 18th of February 2016 05:38:18 PM
.... . The management buyout means LDC joins rival mid-market firm Dunedin, which has owned a share of the business for six years, as a joint investor. ...
Mirror publisher 'to launch new paper' image
Source : BBC [Read Article] Wednesday 17th of February 2016 07:33:39 PM
....The price of New Day will start low, and will be raised according to reader demand, the Guardian said. It will be pitched at a mid-market readership, the Guardian added. ...
Trinity Mirror plans new national newspaper 'New Day' image
Source : Telegraph [Read Article] Wednesday 17th of February 2016 05:51:54 PM
.... Trinity Mirror is to launch a new national newspaper this month, even as the Independent prepares for its last ever print edition in March. The publisher of the Daily Mirror is understood to be putting the final touches to a new mid-market title currently called New Day. ...
How the sharing economy is transforming the freelance landscape image
Source : Guardian [Read Article] Wednesday 17th of February 2016 08:10:17 AM
.... Now, TransferWise matches two people who want to send money in opposite directions and pays out in the local currency, effectively initiating a quick, free trade. Users can access the mid-market exchange rate too. ...
Will crash in bank shares infect the real economy? image
Source : Telegraph [Read Article] Saturday 13th of February 2016 04:00:00 PM
.... . Banks may well reject riskier customers and cut back lending “especially in small business, mid-market and unsecured retail – in which case loan growth in 2017 will most likely be negative,” he warns. ...
Great start to year for businesses, says Lloyds report image
Source : Daily Express [Read Article] Monday 8th of February 2016 12:01:00 AM
.... But falling raw material prices meant that overall costs were kept low. Tim Hinton, managing director in mid-markets and SME banking at Lloyds Banking Group, said: “Despite a number of headwinds, UK businesses recorded their fastest output growth for six months in January. ...
Dunedin buys stake in £80m sale of City consultants Alpha image
Source : Telegraph [Read Article] Thursday 4th of February 2016 08:00:07 PM
.... . The company was sold by mid-market rival Baird, which had bought a majority stake in Alpha for £28m in 2013. ...
Blue Monday remedy: Attack your finances in this order - and save £16,833 image
Source : Telegraph [Read Article] Saturday 16th of January 2016 09:02:12 AM
.... • The life insurance pitfall that cost £40,000 But if you took your £300,000 policy out in 2009 you could probably undercut it thanks both to falling rates and to your use of a cheap broker that doesn't take commission. If you were 39 and your broker sold you a mid-market policy at the time from LV=, you'd have been paying £321 a year. ...
City news: Gym surge, Greggs sales, UK interest rates and Arla image
Source : Daily Express [Read Article] Sunday 10th of January 2016 12:01:00 AM
....”. The chain is part of a new breed of budget gyms that have snared market share from their mid-market rivals by offering customers low membership prices with no lengthy contracts. ...
Radisson boss undeterred by Mali tragedy image
Source : Telegraph [Read Article] Saturday 2nd of January 2016 03:30:35 PM
.... . Best known for its Radisson Blu and mid-market Park Inn brands, Rezidor, which is majority-owned by American hotels business Carlson, runs 351 hotels across Europe, the Middle East and Africa. ...
Banks trumpet bumper year of ‘elephant’ takeover deals image
Source : Guardian [Read Article] Saturday 12th of December 2015 04:00:05 PM
.... “Sometimes it has felt like there’s a party going on next door to which you’re not invited,” says Piers Prichard Jones, a partner at Freshfields Bruckhaus Deringer, a law firm that has nonetheless worked on many of the big UK deals, including the Anheuser and Shell deals. “There have been some very big UK deals but not a flow of mid-market ones,” says Prichard Jones. ...
Zara owner dismisses China slump fears as it reports 20% profit rise image
Source : Guardian [Read Article] Thursday 10th of December 2015 03:13:56 PM
. Inditex, the owner of clothing retailer Zara, has said it is optimistic about its prospects in China despite the slowing economy, claiming mid-market brands were not feeling the pinch. ...
Owner of Savoy and Raffles hotels sold image
Source : BBC [Read Article] Wednesday 9th of December 2015 06:49:22 PM
....8bn based on Wednesday's closing price, and a cash payment of €786m. The French company already owns luxury hotel brands including Sofitel and Pullman, as well as the mid-market Novotel and Mercure, as well as the budget Ibis and hotelF1 chains. ...
RBS launches lending spree with Hermes, M&G and AIG image
Source : Telegraph [Read Article] Sunday 6th of December 2015 05:00:18 AM
.... . “We’ve reached an agreement that brings liquidity which isn’t currently available into the market – AIG, Hermes and M&G do not currently participate in the UK mid-market leveraged finance. ...
Mitchells & Butlers says terrorism fears have weighed on trading image
Source : Telegraph [Read Article] Tuesday 24th of November 2015 08:34:48 AM
.... Mr Urban, who replaced Alistair Darby at the top of M&B, is charged with revitalising the business after a lacklustre performance in recent years. However, he faces stiff competition from fast-growing casual dinning chains, which are hurting M&B’s mid-market Harvester and Toby Carvery brands. ...
Equiniti prices shares at bottom of range for stock market debut image
Source : Telegraph [Read Article] Tuesday 27th of October 2015 07:43:12 AM
.... . Advent, the mid-market private equity firm that acquired the business from Lloyds TSB more than eight years ago, will retain a stake of at least 25. ...
Global fund managers turn gloomy on Europe's economic outlook image
Source : Telegraph [Read Article] Tuesday 13th of October 2015 02:14:53 PM
Tax work boosts revenues at mid-market accountant BDO  image
Source : Telegraph [Read Article] Thursday 8th of October 2015 11:14:03 AM
. Tax advisors at BDO have done a fifth more work this year as mid-market firms and a number of large listed companies have turned to an accountant beyond the Big Four for non-audit work. ...
The two men taking on the banks image
Source : BBC [Read Article] Monday 5th of October 2015 11:01:39 PM
....Effectively, you are buying your currency from other individuals. The "mid-market" rate the site gives is taken from the rate published by Reuters and it is often significantly less than the rates offered by traditional currency exchange businesses. ...
Aldi launches caviar skincare range with creams priced at £6.99 image
Source : Guardian [Read Article] Sunday 4th of October 2015 12:08:58 PM
....She said instead it was “middle market chains” such as Tesco and Boots that will be under pressure to respond. The German discounters, which have stolen a march on their mid-market rivals, are becomingly increasingly keen to shake off their discount image. ...
The company that charges double image
Source : BBC [Read Article] Thursday 1st of October 2015 11:23:31 PM
....And it is working for Miele. Despite the fact that a typical Miele machine costs around twice the mid-market standard one, sales are growing year-on-year. ...
Mayfair hooks a prize catch as tackle firm Fox comes aboard image
Source : Telegraph [Read Article] Saturday 26th of September 2015 06:02:37 PM
.... “You have to prove a reason for existing in this market. The UK is competitive and crowded and while people had previously relied on mid-market investments being a safe haven, it is no longer the case. ...
How the discounters are beating the supermarkets image
Source : BBC [Read Article] Tuesday 22nd of September 2015 11:03:26 PM
.... They either have to push themselves to the premium end of retailing or push themselves to the discount end," says Mr Dennis. "The area in the middle that's being occupied by these four mid-market retailers is pulling on either side. ...
Shoppers face 10pc price rises as weak pound hit retailers' profits image
Source : Telegraph [Read Article] Tuesday 22nd of September 2015 10:33:07 AM
.... • 'Should I buy euros now or will the value fall even further?' . "Most mid-market suppliers source their goods in Asia in dollars but six to nine months later they sell them in euros or pounds, which are now worth a lot less," said Mari Shor, an investment analyst at Columbia Threadneedle, the fund manager, who specialises in retailers. ...
Asos shares tumble after co-founder Nick Robertson quits image
Source : Guardian [Read Article] Wednesday 2nd of September 2015 07:00:12 AM
.... His replacement as finance director, Helen Ashton, started on Tuesday. Asos floated on London’s junior stock market, Aim, the following year and boomed from a company worth about £12m to become worth about £6bn last year, as it introduced more original ranges aimed at the mid-market, expanded internationally and consistently wowed the City with its financial performance. ...
Asos founder and chief executive Nick Robertson quits image
Source : Guardian [Read Article] Tuesday 1st of September 2015 06:28:57 PM
....Robertson founded Asos in 2000 when it was known as As Seen On Screen because its garments were copies of clothes worn by celebrities. It was floated on London’s junior stock market, Aim, the following year and boomed from a company then worth about £12m to one worth about £6bn last year, as it introduced more original ranges aimed at the mid-market, expanded internationally and consistently wowed the City by producing stellar figures. ...
Clydesdale Bank pitches to investors ahead of flotation image
Source : Telegraph [Read Article] Tuesday 7th of July 2015 11:47:06 AM
.... The Clydesdale’s presentation notes that it is the biggest of the UK’s mid-sized banks, with £28bn of loans, just above Virgin Money’s £23bn and TSB’s £22bn. The Clydesdale calls itself “the only UK mid-market bank which has material scale, full service capabilities and substantially standalone IT platform,” drawing a contrast with the others in the same size bracket, which also includes the Co-operative Bank and will include RBS’ spin-off Williams and Glyn. ...
Sophos listing creates London's latest unicorn image
Source : Telegraph [Read Article] Friday 26th of June 2015 01:23:48 PM
....6bn and is expected grow by 7pc each year until 2018. The mid-market segment it targets accounted for $18bn of cyber security spending in 2014. ...
Source : Independent [Read Article] Wednesday 24th of June 2015 12:43:24 AM
.... When will the turnaround be complete? How’s the sale of Dunnhumby and its South Korea operation going? What’s the latest on the fraud inquiry? . But Shore Capital raised a different one: why on earth does Tesco still own Giraffe restaurants? In a supermarket chain that’s offloading “non-core assets”, this overpriced mid-market chain looks as out of place as – well, a giraffe. ...
The government needs to do more to support mid-market businesses image
Source : Guardian [Read Article] Thursday 4th of June 2015 02:29:21 PM
....Now the dust has settled from the general election, it’s time to take stock and assess how the government can continue to boost the economy. There is no doubt that it will look to support small and startup businesses, especially from a funding perspective, and I wholly support this, but it must avoid alienating one of the fastest growing sectors of the economy – the mid-market. ...
City told to brace for a wave of stock market flotations image
Source : Independent [Read Article] Thursday 4th of June 2015 12:16:37 AM
.... Its founders Jan Hruska and Peter Lammer, who reportedly made $300m from that deal, still own about 25 per cent. Its chief executive, Kris Hagerman, said: “Protecting against IT security threats is a pressing and urgent global need, and nowhere is that more evident than in mid-market enterprises. ...
Sophos to raise £100m from stock market float image
Source : Telegraph [Read Article] Wednesday 3rd of June 2015 06:51:39 AM
....6bn and is expected grow by 7pc each year until 2018. The mid-market segment it targets accounted for $18bn of cyber security spending in 2014. ...
New Look to ramp up China expansion amid 'appetite for British fashion' image
....He said Brait, which will complete its buyout of a 90% stake in New Look on 25 June, would help the business “go faster”. “There are lots of mid-market brands charging high prices in China. ...
And stretch! Pure Gym flexes its no-frills muscle with LA fitness takeover image
....Budget gym operator Pure Gym has acquired one of the fitness industry’s best-known high street brands, LA fitness, as it flexes its low-cost ethos in the face of costlier rivals. Pure Gym said the sites used by its mid-market competitor would be given a no-frills makeover, which means commandeering back office space and closing pools and saunas to fit in more machines and members. ...
Pure Gym buys rival LA Fitness image
Source : Telegraph [Read Article] Friday 29th of May 2015 08:25:57 AM
.... . The price of the deal was not disclosed, although Pure Gym is thought to have paid between £60m and £80m for LA Fitness, a mid-market operator that consists of 43 clubs. ...
Source : Reuters [Read Article] Wednesday 27th of May 2015 09:31:01 AM
.... we are constantly meeting with borrowers, developing relationships in a similar way to how we would if we were sitting within RBS or ING, where I was before," Drake-Brockman said. "You will see a number of us develop what I would consider as large regional lending businesses, where the scale of what we do will be not dissimilar to some of the banking groups active in mid-market corporate lending," he added. ...
Charles Dunstone emerges as backer of Leon owner image
Source : Telegraph [Read Article] Saturday 23rd of May 2015 06:01:49 PM
....” . Active sold Evans Cycles for £100m last month to London-based mid-market buyout house ECI. ...
British businesses call for Tories to urgently sort EU vote to prevent economic harm image
...."That’s why the Prime Minister must agree a package of reforms without delay and put that to the British people in a referendum as soon as is practically possible. ”Experts urged the Government to support the needs of mid-market businesses to unlock potential of the economy. ...
ECI leads in the race for Evans Cycles image
Source : Telegraph [Read Article] Saturday 11th of April 2015 06:30:53 PM
.... . PAI Partners, the private equity firm that owns Cotswold Outdoor, was said to be a close competitor, alongside mid-market British peers at Equistone and Graphite. ...
British 'Mittelstand' punches well above its weight in UK economy image
Source : Telegraph [Read Article] Saturday 14th of March 2015 05:40:08 PM
.... . Growth in the mid-market sector, Britain’s version of Germany’s “Mittelstand”, is also accelerating, according to the report by financial software company Sage. ...
Mid-sized firms clamour for Conservative win  image
Source : Telegraph [Read Article] Wednesday 11th of March 2015 01:52:20 PM
.... . Despite accounting for less than 1pc of all UK firms, Britain’s mid-market companies produce more than £1 trillion in revenue every year, nearly a third of all private sector turnover. ...
Small firms must stop relying on bank debt image
Source : Telegraph [Read Article] Tuesday 10th of March 2015 05:00:07 AM
.... . “Gross lending is growing but to even keep net lending flat you have to lend £1bn,” said Mr Hinton, managing director of mid-markets and SME banking at Lloyds. ...
Why mid-sized firms are putting financial services in the shade image
Source : Telegraph [Read Article] Tuesday 3rd of March 2015 06:00:13 AM
.... . The findings suggested that the UK’s mid-market sector is among the largest in the world, comprising more than 8,000 businesses. ...
Cheers: Revolution bar chain valued at £110m image
Source : Telegraph [Read Article] Friday 27th of February 2015 12:01:25 PM
.... A recent Deloitte report into London listings found that the average cash-out for private equity firms is 48pc. However, rival UK mid-market private equity firm ECI last year managed a full exit in its £66. ...
Small Talk: Britain’s answer to Germany’s famed mid-market sector needs help image
....That, in any case, is the claim of the accountancy firm BDO. It says Britain’s mid-market companies have collectively grown by 33 per cent since 2009 and are now earning revenues worth over €1. ...
Britain's mid-sized companies overtake the Mittelstand by revenues image
Source : Telegraph [Read Article] Monday 23rd of February 2015 12:01:55 AM
.... . “Germany has always invested in its mid-market; it has policies directly aimed at the Mittelstand and culturally the Mittelstand stands as the economic backbone of the nation,” said Simon Michaels, managing partner at BDO. ...
3i says private equity deals are still pricey in Europe image
Source : Telegraph [Read Article] Thursday 29th of January 2015 11:47:54 AM
.... “When we did our strategy review, we said we wanted to keep the international network,” said finance director Julia Wilson. “We do see better value in the US at the moment, which might be quite surprising, as it’s quite a competitive [market], but when we invest in a mid-market business, we have a very credible story about our ability to internationalise businesses. ...
How connected cars are driving the Internet of Things image
Source : Telegraph [Read Article] Tuesday 27th of January 2015 04:18:00 PM
.... . “The connected car is already a reality, and in-vehicle wireless connectivity is rapidly expanding from luxury models and premium brands, to high-volume mid-market models,” said James Hines, research director at Gartner. ...
Jurys Inn hotel group sold to US investors in £680m deal image
Source : Independent [Read Article] Monday 26th of January 2015 12:12:14 PM
....Nick Weber, head of Europe for Mount Kellett Capital Management, said: "Prior to its acquisition less than two years ago, Jurys Inn was burdened by excessive debt and faced an uncertain future. "The investor group brought fresh capital, restructuring expertise, and a focused strategy to help transform the company into one of the leading mid-market hotel groups in the UK and Ireland. ...
Jurys Inn sold to US investors for £680m image
Source : Telegraph [Read Article] Monday 26th of January 2015 10:36:08 AM
.... Nick Weber, head of Europe for Mount Kellett Capital Management, said: "Prior to its acquisition less than two years ago, Jurys Inn was burdened by excessive debt and faced an uncertain future. The investor group brought fresh capital, restructuring expertise, and a focused strategy to help transform the company into one of the leading mid-market hotel groups in the UK and Ireland. ...
Source : Independent [Read Article] Wednesday 7th of January 2015 01:59:03 AM
....The collapse of high street fashion chain Bank has left the City skittish over how other shops have fared over the festive period. News that the mid-market retailer has called in the administrators sent other high street favourites falling yesterday. ...
Sykes Cottages bags £54m investment amid travel deal bonanza image
Source : Telegraph [Read Article] Monday 22nd of December 2014 03:12:13 PM
.... . On Monday two other deals were announced: Phoenix Equity Partners said it was investing in river cruise business Riviera Travel while UK ski chalet business Scott Dunn bagged investment from UK mid-market firm Inflexion. ...

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