Entrepreneurial spirit alive and kicking in UK September 15, 2014 ENTREPRENEUR of the year The City A.M. Entrepreneur of the Year award recognises those individuals or groups who set up a successful new venture and are now growing it as a profitable business. According to campaign group Startup Britain, more than 410,000 new businesses launched in the UK in 2014 so far – up from [...]
Pantone owner Danaher buys Nobel September 15, 2014 US HEALTHCARE group Danaher, which owns the colour matching service Pantone, is to buy Nobel Biocare for an agreed $2.2bn (£1.35bn) to become the world’s biggest player in a dental implants market benefiting from growing demand for cosmetic dentistry. Danaher said yesterday it would pay SFr17.10 per Nobel Biocare share in cash, about 23 per [...]
Best of the Brokers for 16 September 2014 September 15, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com ASSOCIATED BRITISH FOODS Numis has upgraded to “hold” from “reduce”, but cut the target price to 2,496p from 2,572p. The broker has slightly reduced forecasts, but still believes positives include the growth record of Primark, a strong balance sheet, and lack of major [...]
London Report: Energy firms drag down FTSE on China and Russia concerns September 15, 2014 ENERGY shares capped the FTSE 100 yesterday, hit by the combination of slowing economic growth in China, the world’s top energy consumer, and new sanctions against Russia. They offset a boost from mergers and acquisitions speculation in the beverages sector, which saw shares in SABMiller up 9.8 per cent on the back of a report [...]
New York Report: Nasdaq down as techs slide September 15, 2014 US STOCKS closed mixed yesterday, as the tech sector dragged the Nasdaq down and kept the S&P 500 near the unchanged mark while investors cleared the decks for Chinese giant Alibaba’s debut planned for later this week. The Dow Jones industrial average gained 43.63 points, or 0.26 per cent, to 17,031.14, the S&P 500 lost [...]
Gimme 5: New books for entrepreneurs September 15, 2014 Big Bang Disruption Larry Downes and Paul Nunes Disruption and innovation can now happen overnight. This book explores how companies can best protect themselves – but also how to be a part of it. From £5.00 Remote: Office not Required Jason Fried and David Heinemeier Hansson Why do so many people work from home? [...]
Tour of Britain’s capital finale caps a fine year for UK cycling September 14, 2014 Thousands of people turned out yesterday for the closing stages of the Tour of Britain race in central London. Defending champion Sir Bradley Wiggins was victorious in the first race of the day, the individual time trial. Racers sped along Upper Thames Street as they passed under Blackfriars Bridge and took in views of the [...]
SAB Miller offer rebuffed by Heineken September 14, 2014 BREWING giant SAB Miller has considered an offer for smaller independent rival Heineken in a deal that would have helped to protect it from a takeover bid from AB inBev. SAB Miller is understood to have approached Heineken two weeks ago with a preliminary offer, according to Bloomberg News, which was then rejected by the [...]
Warburg Pincus considering sale of Survitec September 14, 2014 Private equity firm Warburg Pincus is thought to be looking to sell UK-based safety and survival equipment business Survitec. The manufacturer of survival gear in the marine, defence and aerospace sectors produces a wide range of kit, from life rafts to fighter pilots’ anti-G suits.
Dealmakers thrive in City’s flotation frenzy September 14, 2014 DEALMAKER of the year Although there has been a dearth of mergers and acquisitions so far this year, there has been a rash of initial public offerings (IPOs) for our dealmakers to get their teeth into. There has been some exciting deals for bankers to get a buzz from. Verizon Wireless’ $130bn deal to take [...]
