Shawbrook has turned down an £825m takeover offer March 7, 2017 Challenger bank Shawbrook revealed today that it had rejected an £825m takeover bid by a private equity consortium. Shawbrook announced that Pollen Street Capital and BC Partners had paired up to offer 330p per share after the bank's board rejected an initial offer of 307p per share, but the board said: "Taking into account the [...]
Just Eat share price jumps as takeaway firm reports 42 per cent increase in orders March 7, 2017 Just Eat has reported a jump in order numbers in 2016, which in turn pushed revenues and profit up. The figures Orders were up 42 per cent to 136.4m, from 96.2m in 2015, and up 36 per cent on a like-for-like basis. Revenues increased 52 per cent to £375.7m from £247.6m, and underlying earnings before [...]
Paddy Power Betfair reports revenue and profit rise for 2016 ahead of next week’s Cheltenham festival March 7, 2017 As bookmakers prepare for next week's Cheltenham festival, Paddy Power has unveiled an 18 per cent jump in revenue in 2016 although statutory figures, which include Betfair's numbers from 2 Fabruary last year, paint a different picture. The figures Revenue grew 18 per cent to £1.55bn from £1.32bn in 2015 on a pro-forma basis, while statutory revenue [...]
Standard Life and Aberdeen Asset Management deal: How the City is reacting March 6, 2017 Standard Life and Aberdeen Asset Management have unveiled more details of their planned merger, sending shares in both groups up at the open. Standard Life's stock was up 7.24 per cent at pixel time, while Aberdeen had risen 5.73 per cent. After reports emerged over the weekend, the companies confirmed their intentions to combine this [...]
Standard Life and Aberdeen Asset Management announce merger plans March 6, 2017 Standard Life and Aberdeen Asset Management have agreed terms of a recommended all-share merger. The firms announced the plans to the Stock Exchange this morning, confirming reports of a deal over the weekend. Shares in Standard Life jumped nine per cent at the open, while Aberdeen's stock was up six per cent. Aberdeen shareholders will [...]
It’s official: Easyjet, Capita and Dixons Carphone could be leaving the FTSE 100 February 28, 2017 The London Stock Exchange has published the names of the companies likely to drop out of the FTSE tomorrow. As expected, budget airline Easyjet is hovering on the brink of demotion from the FTSE 100 into the FTSE 250, as well as Capita and Dixons Carphone. Easyjet has lost 40 per cent of its value over one year, [...]
Future of Garden Bridge hanging in the balance, says London politician February 28, 2017 The future of the Garden Bridge is hanging in the balance, despite being cleared of financial irregularities, according to a London Assembly member. Vauxhall MP Kate Hoey had complained to the Charity Commission about the project, citing concerns about spending by the Garden Bridge trust. Earlier this year, the trustees admitted the project could cost [...]
Power failures causing delays on all routes to and from London Kings Cross February 28, 2017 Commuters trying to travel in or out of Kings Cross today are facing delays and disruption due to power failures. National Rail said a signalling problem between Finsbury Park and London Kings Cross is causing delays of up to 20 minutes on journeys to and from London Kings Cross. This is expected to continue until 12:00pm. [...]
BT customers to see bills reduced by at least £5 under Ofcom proposals February 28, 2017 BT customers will see their landline-only bills cut by at least £5 a month, according to new plans published by communications watchdog Ofcom. The regulator conducted a review of the landline-only market, announced in December last year, and found that customers on such contracts – who are often elderly or vulnerable people who have remained with the [...]
Moneysupermarket announces share buyback after growing profits February 28, 2017 Moneysupermarket Group is launching a £40m share buyback after reporting increased revenue and profit for the year to 31 December 2016. The figures Group revenue rose 12 per cent to £316.4m from £281.7m. Operating profit was up 13 per cent to £91.1m from £80.5m, while profit after tax grew by 16 per cent to hit [...]
