Macquarie ‘determined’ to buy Solarcentury September 10, 2019 Australian investment bank Macquarie has its sights set on the UK’s largest solar companies, in a deal which could be worth £250m. The bank is in the last two bidders in the race to snap up Solarcentury, which has around 20 years experience in the sector. Macquarie is “determined” to buy the solar experts, sources [...]
Good energy positioned to adapt as market moves September 10, 2019 Good Energy today said it was positioned to win more business in a rapidly changing energy market, as it spent the first six months of the year paying down debt. Profit before tax at the energy supplier rose eight per cent in the first half of the year to £2.5m, the company said. Meanwhile the [...]
Petropavlovsk swings into profit as processing plant comes online September 10, 2019 Russian gold miner Petropavlovsk put a bruising boardroom battle aside to swing into profitability in the first half of the year. The company said today that profit before tax hit $16.8m (£13.6m) in the first six months of the year, versus a loss of $33.1m over the same period in 2018. Read more: Petropavlovsk investor [...]
Theresa May’s Brexit negotiator Olly Robbins set to join Goldman Sachs September 9, 2019 Theresa May’s former Brexit negotiator will join the investment bank Goldman Sachs it was revealed today, months after the deal that he worked on was rejected by the Commons. Olly Robbins will start as a managing director for the firm’s investment banking division. Read more: Bercow’s controversial tenure comes to an end as he pledges [...]
US states launch antitrust probe into Google September 9, 2019 A group of US state attorneys general have opened a probe into Google, the top law enforcement officer for Texas, Ken Paxton said today. The antitrust investigation is led by Paxton and will look into big technology firms, with a focus on Google’s advertising arm. Read more: New York attorney general launches antitrust probe at [...]
Sage kicks off sale of payments-processing business September 9, 2019 Sage has lined up bankers to find a buyer for its payments-processing arm Sage Pay. Investment bank Rothschild has been appointed to sell the business, which has around 50,000 small and medium sized business customers, Sky News reported. Read more: Sage shares fall as it warns of slipping license software sales It is unclear what [...]
World Bank’s Georgieva unopposed for IMF seat September 9, 2019 The chief executive of the World Bank is poised to take over the International Monetary Fund after she was revealed as the only candidate. Kristalina Georgieva will be considered after nominations closed on Friday, the IMF said today. Read more: Europe select Kristalina Georgieva for IMF top job The Bulgarian economist is set to meet [...]
Teesside cable factory could be wound in if without government support September 8, 2019 A planned £200m cable factory in the north east of England is facing an uncertain future after the entrepreneur backing it said he might pull out if the government does not get behind the project. Edi Truell wrote to ministers last year to tell them that he may take his project to Germany, the Sunday [...]
JP Morgan set to pip rivals for Saudi Aramco mega-float September 8, 2019 Bankers at JP Morgan Chase could get bragging rights by leading history’s biggest public float, it was revealed. The company is close to winning the role as adviser to Saudi Aramco as it looks to hit stock markets potentially as early as November, Reuters reported, citing sources. The decision is not final, and could be [...]
St. James’ Place boss promises review of company’s incentives September 8, 2019 The boss of Britain’s largest wealth manager has been forced to review its controversial staff incentives scheme as details of the lavish rewards were made public. St. James’ Place (SJP) advisers could enjoy luxury cruises and white-gold cufflinks as reward for bringing in new clients willing to save in pensions and ISAs. In an internal [...]
