Shareholders in Cadbury to chew on offer January 19, 2010 CADBURY shares closed 3.6 per cent up at 836.5p yesterday after US food group Kraft announced its £11.7bn takeover bid had been recommended by the board. Under the offer, Cadbury investors will receive 500p and 0.1874 new Kraft Foods shares for every share, plus a special dividend of 10p. Shareholders have until 2 February to [...]
Saad credit lines shut down June 11, 2009 FEARS were growing yesterday that Saad Group’s holdings in a raft of companies could be sold-off, as western banks began to shut down credit lines to the company and its billionaire chairman, Maan al-Sanea. Concerns escalated after the central bank in the United Arab Emirates instructed local banks to suspend lending to the troubled Saudi [...]
BUILDERS GO CAP IN HAND FOR 850M September 22, 2009 HOUSEBUILDERS Barratt and Redrow are today expected to tap shareholders for a total of £850m to shore up balance sheets that have been battered by the property slump. Barratt is set to unveil plans to raise £700m in a placing and open offer through its house broker UBS. And rival Redrow is expected to launch [...]
BARCAP TRIUMPH IN SQUARE MILE RELAY September 10, 2009 THE City’s many sporting fanatics were out in force last night at the Bloomberg Square Mile Relay, which saw around 100 teams of ten runners competing over a specially-designed mile-long course. Special mention must go to third-placed West LB, second-placed Legal & General, and Barclays Capital, who broke L&G’s two-year winning streak to take this [...]
BARCAP TRIUMPH IN SQUARE MILE RELAY September 10, 2009 THE City’s many sporting fanatics were out in force last night at the Bloomberg Square Mile Relay, which saw around 100 teams of ten runners competing over a specially-designed mile-long course. Special mention must go to third-placed West LB, second-placed Legal & General, and Barclays Capital, who broke L&G’s two-year winning streak to take this [...]
THE LONDON REPORT June 21, 2009 THE JUNE gauntlet of retail company statements is set to continue this week, with two UK electronics giants due to issue full-year 2009 results. DSG, Kesa and Inchcape are lining up to report, following last week’s announcements from Tesco, J Sainsbury, Whitbread and Morrison. Kesa Electricals, which runs electronics store Comet among its Europe-wide retail [...]
Berkeley pays bosses £60m July 7, 2008 Multi-Millionaire property entrepreneur Tony Pidgley and three of his fellow directors at housebuilder Berkeley Group are getting a £60m pay-out, it has emerged. Pidgley and the three other members of the management team will net around 7 per cent of the company, which is valued at around £770m. The pay-outs come at a time when [...]
Hitting Heights: Richard Downs October 31, 2005 He started the company as a theoretical case study for part of his MBA — then hired a staff of dedicated skiers to ensure a real-life peak performance. As stars of the dotcom era crashed and burned, one travel company bucked the trend to become one of Britain’s biggest online success stories. Founded seven years [...]