Spire Healthcare shares rocket after £1bn bid approach Business Shares in Spire Healthcare shot to the top of the FTSE 250 on Wednesday, after the firm’s board signalled it would back a £1bn bid approach for the company from its second-biggest existing investor. Private equity outfit Toscafund said it would offer 250p per share, a hefty 66 per cent premium from Wednesday’s closing price [...]
TalkTalk: Huge losses revealed amid job cuts and fleeing customers telecoms The full extent of TalkTalk’s financial woes have been revealed for the first time amid sky-rocketing losses and huge job losses as customers move to other broadband providers. New accounts for the Salford-headquartered group filed with Companies House have revealed its pre-tax losses surged from £153m to £465m in the year to 28 February, 2025. [...]
Talktalk debt crisis worsens as Macquarie deal stalls Business Talktalk's crunch negotiations with private equity giant Macquarie over a mooted £450m deal for its wholesale division have stalled, according to reports, as the embattled telecoms provider races to refinance a billion pounds of credit.
Talktalk: The telecoms titan on the brink July 25, 2024 In a defining few months, Talktalk needs to refinance nearly a billion pounds of debt, with bidders circling. Will it survive?
Talktalk hopeful of securing lifeline investment as refinancing deadline looms July 21, 2024 Talktalk has warned investors it could collapse within weeks unless its bosses secure a £200m lifeline from its largest shareholders, as the struggling telecoms firm flounders in its mountainous debt pile