CVC to buy 15pc Abertis stake from ACS for €1.7bn

first_img CVC to buy 15pc Abertis stake from ACS for €1.7bn Wednesday 11 August 2010 7:46 pm Tags: NULL whatsapp whatsapp KCS-content Show Comments ▼ Share More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comMark Eaton, former NBA All-Star, dead at 64nypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org ACS has agreed to sell a €1.7bn (£1.4bn) stake in toll road operator Abertis to private equity fund CVC Capital Partners, freeing up the Spanish builder to cut debt and pursue energy investments.ACS, Spain’s largest builder by market value, and British private equity firm CVC said yesterday they will form joint ventures to manage ACS’s 25.8 per cent stake of Abertis .ACS will get €15 per share for its Abertis stake, or €2.86bn, about a fifth of which it will reinvest to retain an indirect holding of 10.28 per cent of the motorway firm, while CVC will get a 15.5 per cent stake.The deal, funded by a €1.5bn loan from a syndicate of banks, brings stability to Abertis after months of speculation that ACS and CVC were seeking financing for a leveraged buyout of a large piece of the company. La Caixa – Abertis’s largest shareholder – and Spanish banking giant Santander are in the syndicate financing the deal, which was advised by Italy’s Mediobanca.ACS will take on €600m of the debt for the deal, with CVC taking the rest. last_img read more

John Lewis in recovery as its profit rises

first_img Tags: NULL whatsapp Share More From Our Partners Feds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com Show Comments ▼ John Lewis in recovery as its profit rises center_img whatsapp JOHN Lewis warned yesterday that trading conditions were likely to get tougher as tax hikes and public spending cuts hit shoppers, even as it reported a 28 per cent rise in first-half profit.The group, owned by its 70,000 staff, said its strong first-half performance gave it confidence that both its department stores and grocery chain Waitrose would cope well.Chairman Charlie Mayfield said: “Despite the economic headwinds, and tougher comparables in the second half, we remain confident that both Waitrose and John Lewis will continue to grow ahead of the market.”John Lewis, which runs 28 department stores, two “at home” shops and 231 Waitrose supermarkets, made a pre-tax profit of £111m in the six months to 31 July. Sales rose 12.4 per cent to £3.8bn, and were up 9.9 per cent in the first six weeks of its second half.Mayfield also warned of “economic headwinds” for the retail sector as a whole, as tax hikes and public spending cuts hit shoppers’ spending power.However, he said he was particularly pleased by growth in the company’s online operations.Waitrose’s online grocery service, which operates at branch level, and offers similar items to Ocado, reported a 54 per cent surge in sales. The business remains small, though analysts will be watching to see how it affects Ocado, the recently-floated home delivery company. Ocado has a long-term deal to supply Waitrose groceries. Mayfield said the relationship with Ocado remained strong. KCS-content Thursday 16 September 2010 8:35 pmlast_img read more

Redhall in £16m bid for Mount

first_imgWednesday 22 September 2010 7:31 pm whatsapp KCS-content BRITISH engineering support services firm Redhall yesterday announced it had made an offer to buy rival Mount Engineering for around £16.4m to expand into international energy markets.Redhall, which caters to the nuclear, oil and gas, food, defence, safety and security and transport infrastructure sectors, has irrevocable undertakings or letters of intent from 45 per cent of Mount shareholders in favour of the deal. The deal values Mount at 70p a share representing a 25 per cent premium on the company’s closing share price on Tuesday. Mount’s share price rose 25 per cent to 55.5p per share on the London Stock Exchange on speculation over the takeover bid.In a statement chairman David Jackson said: “We believe this acquisition will deliver significant improvement in operating margin and will strengthen the Redhall Group’s presence within the global oil and gas markets.”Mount, which was incorporated in 2007 and has a presence in Europe, the US, Asia and the Middle East, makes threaded adaptors for use in potentially explosive areas with oil and gas and petrochemical industries being its major clients.The company, which had a turnover of £9.3m in 2009, saw weaker than expected trading in Asia and Europe in the first half of the current year.Redhall, which had an order book strength of £130m at the end of June and expected benefits from outsourcing trends, said it would fund the acquisition with bank financing and existing cash.It did not plan to make any material changes to Mount’s staffing levels or conditions of employment.SIMON LORDALTIUMWakefield-based Redhall has been advised by the Manchester office of European investment bank Altium under a team led by managing director Simon Lord. Lord is an experienced corporate financier having successfully sold many businesses to plc’s and to private equity.He sits on Altium’s strategic European board and has over a decade of experience of leading M&A transactions in a variety of sectors including energy and renewables, support services, retail and capital goods.In March, Lord and his team advised Green Sky Energy on a £10m buy-in management buy-out of market-leading energy and carbon management specialist, Matrix Energy Solutions.Redhall is listed on the Alternative Investment Market with a market capitalisation of around £37m. It also owns Booth Industries, which provides a range of integrated design, installation, maintenance and decommissioning services. The board of Mount Engineering recommended shareholders accept the deal which values the company at 70p for a total valuation of £16.4mThe company reported a turnover of £9.3m for the year ending 31 December 2009. Share Redhall in £16m bid for Mount center_img whatsapp Show Comments ▼ More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.com Tags: NULLlast_img read more

YouView gets green light from Ofcom

first_img Share YouView gets green light from Ofcom whatsapp OFCOM has effectively given the green light to a controversial video-on-demand service backed by the BBC after declining to launch a competition investigation.The YouView service – previously codenamed “Project Canvas” – is now due to launch by March next year.The platform will allow users to stream on demand content from a number of providers from a single set-top box. It is backed by the BBC, ITV, Channel 4, Five, BT, TalkTalk, Orange and Arqiva and will allow providers to stream pay-as-you-go as well as free to air content.Analysts believe it could prove as successful as Freeview, which brought digital TV crashing into almost every home in the UK.However, competitors including Virgin Media and BSkyB have raised concerns it could distort competition in the increasingly important content on demand market.Ofcom acknowledged there could be competition concerns in the future but said it was unable to launch an investigation until it had time to assess the impact YouView has on the emerging sector.Ofcom chief executive, Ed Richards, said: “An investigation would be premature at the current stage of YouView’s development given the absence of a clear risk of consumer harm. “But if evidence does emerge in the future that YouView causes harm to the interests of viewers and consumers we may reconsider whether to investigate.” Virgin Media branded the decision “perplexing” and may appeal.FAST FACTS | YOUVIEWYouView is a joint venture between media giants including BT, TalkTalk and ITV.It will offer video streamed over users’ broadband connections through a set-top box.Broadcasters will be able to offer pay per view. KCS-content Tuesday 19 October 2010 7:56 pm More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org whatsapp Tags: NULL Show Comments ▼last_img read more

Roche cuts 4,800 jobs over price pressure and product setbacks

first_imgWednesday 17 November 2010 8:17 pm SWISS pharmaceutical firm Roche announced it would be cutting 4,800 jobs worldwide, or about six per cent of its workforce, over the next two years as part of a wide-ranging restructuring programme forced on it by price pressures. Most of the planned job cuts will be in its pharma unit, particularly in the sales and marketing divisions, as well as in manufacturing after the setback of diabetes medicine taspoglutide being delayed. A further 1,500 jobs will be transferred to other locations within the firm, or outsourced. Roche said it would hack Sfr2.4bn ($2.4bn ) from annual costs from 2012 onwards, with Sfr1.8bn of savings expected next year. It expects restructuring costs will amount to Sfr2.7bn from 2010 through to 2012. Show Comments ▼ KCS-content whatsapp Sharecenter_img Tags: NULL by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure SolutionMoneyPailShe Was The Dream Girl In The 90s, This Is Her NowMoneyPailBlood Pressure For LifeWhy Doctors May No Longer Prescribe Blood Pressure MedsBlood Pressure For LifeSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesWolf & ShepherdNFL Star Rob Gronkowski Loves These ShoesWolf & ShepherdLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver Healthmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comCompressaWhy Physical Therapists Are Recommending This Knee SleeveCompressa whatsapp Roche cuts 4,800 jobs over price pressure and product setbacks Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wraplast_img read more

LESS GOVERNMENT SECTOR JOB LOSSES THAN EXPECTED, SAYS ITEM REPORT

first_img Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof Sunday 28 November 2010 9:36 pm whatsapp Show Comments ▼ LESS GOVERNMENT SECTOR JOB LOSSES THAN EXPECTED, SAYS ITEM REPORT Share whatsapp KCS-content GOVERNMENT sector job losses have been overstated, according to a report out today.The Ernst and Young Item Club (Item) expects job cuts of 400,000 across this parliament, below current estimates of 490,000.The revision is due to greater savings from welfare reform, leaving more funds for Whitehall budgets. Departmental spending will be £11bn higher than set out in June’s emergency Budget, the report says. The Item report expects the government to better its deficit target for 2010 by £10bn, largely due to increases in revenue from corporation tax, VAT and income tax. It adds business investment is at least two per cent higher than expected this year, despite government projections of a half per cent fall. Tags: NULLlast_img read more

Dubai’s Axiom cancels its IPO

first_img Axiom has cancelled its initial public offering and its plans to list on NASDAQ Dubai, the company said yesterday, citing market conditions. “While there were sufficient orders to fully cover the IPO book at the price range, primarily due to demand from high quality international investors in Europe and the US, there were widespread concerns about market conditions and liquidity,” the company said in a statement. Dubai’s Axiom cancels its IPO whatsapp Show Comments ▼ Monday 6 December 2010 8:11 pm KCS-content Share whatsapp Tags: NULL Read This NextFresh Fruit Sushi: Recipes Worth CookingFamily ProofCreamy Pumpkin Soup: Delicious Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily Proof’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofA Once in 17 Years Cicada Event in Princeton, New JerseyFamily Prooflast_img read more

Former GSK executive is appointed Elan chairman

Monday 6 December 2010 8:14 pm Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBetterBe20 Stunning Female AthletesBetterBeUndoHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical GeniusUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndo Former GSK executive is appointed Elan chairman ELAN, the biotechnology research company, have appointed former GlaxoSmithKline executive Robert Ingram as their new chairman, it was announced yesterday.The move comes after shareholders expressed concern over a lack of expertise in the firm, and opposed the re-election of non executive chairman Kyran McLaughlin.Following questions over his tenure earlier this year, McLaughlin had declared his intention to step down on completion of the search for a successor.“Robert Ingram is one of the most distinguished leaders in the global pharmaceutical industry,” said the outgoing McLaughlin.Ingram, 68, brings experience to the Dublin based company, having held several senior roles at GlaxoSmithKline and Glaxo Wellcome.Elan’s stock rose by 6.4 per cent after the news broke. Tags: NULL whatsapp Share KCS-content Show Comments ▼ More From Our Partners UK teen died on school trip after teachers allegedly refused her pleasnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comConnecticut man dies after crashing Harley into live bearnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comWhy people are finding dryer sheets in their mailboxesnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com whatsapp read more

Virgin rolls out fastest broadband

first_img Virgin rolls out fastest broadband Share whatsapp Show Comments ▼ Read This NextFresh Fruit Sushi: Recipes Worth CookingFamily ProofCreamy Pumpkin Soup: Delicious Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily Proof’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofA Once in 17 Years Cicada Event in Princeton, New JerseyFamily Proof whatsapp Virgin Media has started selling its new 100mbps broadband service. Customers in some locations can now sign up to the superfast service for £35 a month. Virgin says the service should be available across its network by mid 2012. It added that the service has the potential to carry speeds of up to 400mbps in the future. Rival BT is also rolling out its Infinity fibre broadband network that it says will bring superfast internet speeds to most of the country. Culture minister Jeremy Hunt says the government is committed to ensuring next generation broadband is available in every community and will encourage firms to invest heavily in it. Virgin is also poised to release a new TV on demand package powered by TiVo. KCS-content Wednesday 8 December 2010 8:27 pm Tags: NULLlast_img read more

WILL BRITISH HOUSE PRICES RISE IN 2011?

first_img whatsapp Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap Show Comments ▼ whatsapp ADAM SEAGER | INSTITUTE OF OPERATIONAL RISK“I think there is a strong likelihood that we’ll see inflation in housing prices in the following year. To be honest, there is even a chance that housing prices may actually buck deflationary trends elsewhere.”CHRISTIAN BRISTO | BDB INSURANCE“I think they will, even though they really are unaffordable as they are. I am a recent graduate, so I haven’t got much hope of getting a house any time soon. Also, I have student debt I am still paying off, and know others in my situation.”KRISHNA JAMMINAN | RSA INSURANCE“They should rise. I think we have seen the worst this year in housing prices. We have strengthened the UK economy, which will increase purchasing power for everyone.” KCS-content center_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailNoteabley25 Funny Notes Written By StrangersNoteableySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBeMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldHealthyGem”My 600-lb Life” Star Dropped 420 Pounds, See Her NowHealthyGem Thursday 9 December 2010 7:38 pm Share WILL BRITISH HOUSE PRICES RISE IN 2011? Tags: NULLlast_img read more