Alkane Energy share price soars 41 per cent as Balfour Beatty Investment Partners reveals £61.4m takeover September 16, 2015 Alkane Energy's share price has soared more than 40 per cent this morning after Balfour Beatty revealed it was buying the smaller firm out for around £61.4m. Balfour Beatty Infrastructure Partners (BBIP) is buying Alkane – which runs mid-sized gas to power electricity plants and has onshore petroleum licences that allow it to run coal [...]
Aga shares have been temporarily suspended ahead of expected announcement on takeover bid from Middleby September 16, 2015 Shares in upmarket oven-maker Aga Rangemaster have been temporarily suspended after it reached an agreement with US company Middleby recommended offer for the acquisition of the upmarket oven-maker. "On 8 September, the [deal] was approved by the scheme shareholders at the court meeting", it said in a statement of the London Stock Exchange today. The firm, whose iconic iron [...]
Amazon’s Jeff Bezos has unveiled his space travel company Blue Origin’s new rocket – as well as launch plans from Cape Canaveral September 16, 2015 Amazon’s Jeff Bezos unveiled his space exploration company Blue Origin’s new rocket, announcing plans to fly from a classic launch pad in Cape Canaveral in Florida. The space travel startup announced a $200m investment to build a rocket manufacturing plant in the area, with plans to launch them from a pad that hasn’t been used [...]
Glencore kicks off $2.5bn placing after shares recover from record low September 16, 2015 Mining giant Glencore has launched a $2.5bn (£1.6bn) placing of up to 1,307,794,600 new shares. The placing, which represents around 9.99 per cent of the firm's issued share capital, is part of the group's plans to reduce net debt by $10.2bn, announced earlier this month. Glencore’s share price had dropped by almost seven per cent [...]
Motor insurer’s IPO could ignite the market September 16, 2015 Hastings’ float is putting the spark back into personal lines THE PERSONAL lines insurance market has been the less sexy relation to its commercial cousins in recent months. Zurich and RSA are dancing around the idea of a union, following the marriage of Aviva and Friends Life, not to mention XL Group’s successful play for [...]
Glencore share price rises with $2.5bn placing, climbing back from record low September 16, 2015 Shares in Glencore opened up by as much as four per cent on Wednesday morning, pleasing investors with a new share placing. The debt-stricken company is seeking to reverse its fortunes with the emergency share placing, which raised the $2.5bn (£1.63bn) it had promised investors. The commodities trader and mining company saw its shares plummet [...]
Amazon’s Jeff Bezos has unveiled his space travel company Blue Origin’s new rocket – as well as launch plans from Cape Canaveral September 15, 2015 Amazon’s Jeff Bezos unveiled his space exploration company Blue Origin’s new rocket, announcing plans to fly from a classic launch pad in Cape Canaveral in Florida. The space travel startup announced a $200m investment to build a rocket manufacturing plant in the area, with plans to launch them from a pad that hasn’t been used [...]
Telecoms and energy companies come out bottom for customer satisfaction – finance sector most popular September 15, 2015 Hate your mobile phone provider? Join the crowd. Telecoms and energy companies have come out bottom in a customer satisfaction survey, and with average approval ratings of 69 and 68 per cent, respectively, the sectors are clearly failing to impress customers. BT clocks in at 63 per cent, TalkTalk at 64 per cent, Vodafone at [...]
Red tape drives up costs for small businesses ahead of inflation September 15, 2015 The cost for small businesses of complying with regulations is soaring ahead of inflation, despite improvements in the economy and pledges by the government to cut red tape, a leading business group has warned. The Forum of Private Business, which represents thousands of small businesses across the UK, said that 86 per cent of members [...]
Reports: Deutsche Bank cutting 23,000 jobs September 15, 2015 Deutsche Bank is laying off a quarter of its workforce, according to news agency Reuters. Some 23,000 jobs are affected, mostly in the bank’s technology and back office operations and through selling its PostBank unit, sources have said. The layoffs come just three months after new chief executive John Cryan took over the helm of [...]