I recreated all my favourite TV tropes, from crawling through pipes to being two kids in a trenchcoat
Bundled debt back in vogue with first listed CLO fund since crisis May 19, 2014 THE FIRST UK listing of a collateralised loan obligation (CLO) fund since the financial crisis was announced yesterday, underscoring the ongoing revival of the once-maligned sector. Fair Oaks Income Fund, which is led by former executives at Apollo Global Management and GSO Capital Partners, said it hopes to raise $200m (£119m) by listing on London [...]
British pharma outfit to be spun out on the London stock market May 19, 2014 US PHARMA company Alere yesterday announced plans to float its UK medical testing subsidiary BBI Diagnostics on the London stock market next month. New York listed Alere, which makes medical products that test for various diseases, will sell about 25 per cent of the company to institutional investors in the sale. BBI, which made about [...]
Patisserie Valerie gets nearer to top of IPO range in open trading May 19, 2014 SHARES in Patisserie Holdings closed up 0.5 per cent at 194p yesterday in the first day of full trading since the cake chain’s float. The Aim-listed company priced at the bottom of its 170p to 200p range last week but the stock has in recent days edged higher, and held up well as unconditional trading [...]
Cranswick’s sales lifted by high pork demand but margins suffer May 19, 2014 PORK specialist Cranswick beat expectations yesterday with full-year profits up six per cent to £52.2m, driven by increased consumer demand for British pork, but saw its margins squeezed by higher pig feed prices. Revenues leapt 14 per cent to £994.9m after Cranswick launched new products including a range of premium pastries including pies, sausage rolls [...]
Punch pockets £6.7m on sales May 19, 2014 PUNCH Taverns, the indebted pub chain currently restructuring a £2.3bn bond mountain with noteholders, yesterday said it has sold four of its London pubs for £6.7m. Morgana Limited will take ownership of the pubs by the end of June when the deal will close. Punch said the cash raised from the sale would be used [...]
Oasis snaps up Apex dentists May 19, 2014 OASIS Healthcare has bought Apex Dental Care, adding to its chain of NHS and private dentists, the group announced yesterday. Oasis, which was bought by private equity firm Bridgepoint a year ago, is thought to have paid upwards of £20m for Apex’s 31 dental practices. Apex posted pre-tax profits of £714,000 on revenues of £13m [...]
Centaur falls after £26m sell off May 19, 2014 Information and events group Centaur Media saw its shares fall 7.1 per cent yesterday after announcing the disposal of a major subsidiary and the earlier £12.5m payment of an earn-out on a recent acquisition. Chief Andria Vidler said the sale of Perfect Information for £26m is justified as it “does not fit with the rest [...]
Terra Firma gives direct holding May 19, 2014 Private equity company Terra Firma plans to give investors in its Terra Firma Deutsche Annington Fund (TFDA) a direct shareholding in German real estate group Deutsche Annington, the firm revealed yesterday. “This will result in TFDA’s investors having direct ownership of Deutsche Annington Ordinary shares, pro rata to their interests in TFDA,” Terra Firma stated. [...]
Unipol keen to sell Alitalia stake May 19, 2014 Italian insurer Unipol would sell its 0.3 per cent stake in Alitalia if it were asked to do so as part of ongoing talks with Abu Dhabi airline Etihad about investing in the Italian carrier, its chief executive said yesterday. “It is not a large stake. If we were asked to (as part of negotiations [...]
Mitie profits up 4.3pc despite disposal costs May 19, 2014 MITIE shrugged off the woes of the wider outsourcing sector yesterday by unveiling in-line results for the year, which showed a 5.2 per cent rise in organic revenue growth and a 4.3 per cent rise in pre-tax profit. The FTSE 250-listed outsourcing firm, which holds contracts with a range of organisations including Network Rail, the [...]