Pantone owner Danaher buys Nobel September 15, 2014 US HEALTHCARE group Danaher, which owns the colour matching service Pantone, is to buy Nobel Biocare for an agreed $2.2bn (£1.35bn) to become the world’s biggest player in a dental implants market benefiting from growing demand for cosmetic dentistry. Danaher said yesterday it would pay SFr17.10 per Nobel Biocare share in cash, about 23 per [...]
MySale founders Carl and Jamie Jackson are no flash in pan September 15, 2014 Carl and Jamie Jackson: The winning team behind the website that started with the 2001 British Lions rugby tour down under Retail has always been a family affair for Carl and Jamie Jackson, the co-founders of MySale – a “flash” website where shoppers can buy countless brands at a discount for short periods of time. [...]
MySale ramps up expansion with Danish Invitetobuy acquisition September 15, 2014 MySale, the Australian flash sales site, is pushing ahead with its European expansion, after snapping up a 60 per cent stake in a rival Scandinavian website. The online retailer, which counts Sir Philip Green and Mike Ashley’s Sports Direct among its shareholders, said yesterday it planned to use its acquisition of Denmark’s Invitetobuy to launch [...]
UK’s Tui Travel agrees merger with its parent September 15, 2014 UK company TUI Travel yesterday agreed the terms of its all-shares merger with its German parent TUI, creating the biggest integrated leisure tourism group. The combined group would be based in Germany, TUI said, with a premium listing on the London Stock Exchange and a secondary listing in Germany. The deal, which would need the [...]
Oil prices hit new 26 month low on China concerns September 15, 2014 The price of a barrel of oil slipped to a 26-month low during trading yesterday, hit by signs of a slowdown in China and despite the impact of new sanctions on Russia. Brent crude, the global oil benchmark, saw its price fall as low as $96.21 a barrel in trading on the Ice futures exchange, [...]
Hurricane Energy gets storming oil drill results off Shetland Islands September 15, 2014 British oil and gas explorer Hurricane Energy revealed yesterday that production from one of its projects off the Shetland Islands could be around double previous expectations following testing. The Aim-listed oil and gas explorer updated its estimates following test drilling on its Lancaster oil project to the west of the Shetlands. Hurricane revealed that it [...]
City Moves for 16 September 2014 | Who’s switching jobs September 15, 2014 Universities Superannuation Scheme The defined benefit pension scheme has appointed Jennifer Halliday as chief financial officer. She joins from Quaker Chemical Corporation, where she was global finance director. Halliday has also held senior roles at Vanguard, FMC Corporation, and Cheadle Royal Hospital. Lloyds Bank Commercial Banking Mark Burton has been appointed regional managing director of [...]
Best of the Brokers for 16 September 2014 September 15, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com ASSOCIATED BRITISH FOODS Numis has upgraded to “hold” from “reduce”, but cut the target price to 2,496p from 2,572p. The broker has slightly reduced forecasts, but still believes positives include the growth record of Primark, a strong balance sheet, and lack of major [...]
London Report: Energy firms drag down FTSE on China and Russia concerns September 15, 2014 ENERGY shares capped the FTSE 100 yesterday, hit by the combination of slowing economic growth in China, the world’s top energy consumer, and new sanctions against Russia. They offset a boost from mergers and acquisitions speculation in the beverages sector, which saw shares in SABMiller up 9.8 per cent on the back of a report [...]
New York Report: Nasdaq down as techs slide September 15, 2014 US STOCKS closed mixed yesterday, as the tech sector dragged the Nasdaq down and kept the S&P 500 near the unchanged mark while investors cleared the decks for Chinese giant Alibaba’s debut planned for later this week. The Dow Jones industrial average gained 43.63 points, or 0.26 per cent, to 17,031.14, the S&P 500 lost [...]