Time Warner keen to pay for share of Vice June 9, 2014 VICE Media, the digital group that has grown from small “punk zine” roots to a 35-office global media presence, may sell a large stake in itself to Time Warner. The two companies are in advanced talks, Sky Media reported, with a possible deal where Time Warner folds its HLN news platform into Vice, in return [...]
What the other papers say this morning – 10 June 2014 June 9, 2014 FINANCIAL TIMES Chico’s explores private equity sale Chico’s, the US womenswear chain, is exploring a sale to private equity and has discussed a deal with potential suitors that could lead to one of the largest take-private transactions so far this year. The final asking price could not be ascertained but one industry source said Chico’s [...]
Investors flood into TSB shares after low pricing June 9, 2014 Investors had placed orders for all of the TSB shares up for sale by yesterday evening, City A.M. understands. Yesterday morning the shares, amounting to 25 per cent of the new high street bank, were priced at between 220p and 290p each. The price would value the bank at between £1.1bn and £1.45bn, below the [...]
Richard Branson leads $25m investment round in FX group TransferWise June 9, 2014 RICHARD Branson has led a $25m (£15m) investment round in London-based money transfer business TransferWise, the company will reveal today. TransferWise is an international money transfer platform, using peer-to-peer technology to cut the exchange fees charged by banks and brokers. “Financial services such as foreign exchange have been ripe for disruption for decades and it’s [...]
McCafferty: summer growth may mean rates go up sooner June 9, 2014 INTEREST rates could rise sooner than markets expect if the UK economy enjoys a summer growth spurt, a top Bank of England policymaker said yesterday. The monetary policy committee (MPC) will keep a close eye on the data over the coming six months, Ian McCafferty told LBC radio yesterday – comments which could indicate a rate rise [...]
Sports Direct investors attack new bonus plan for Mike Ashley June 9, 2014 Sports Direct shareholders lashed out yesterday, claiming they had not been consulted on the latest proposal for a bonus share scheme that seeks to reward its founder Mike Ashley. The retailer has set out plans for a share programme that would reward Ashley alongside Sports Direct’s 3,000 employees, after shareholders rejected two earlier attempts to [...]
TSB flotation: Be careful picking up shares on the rebound June 9, 2014 LET’S face it – break-ups are never fair. One side always gets the best part of the deal, spiriting away the record collection while their former spouse gets lumbered with a half-broken Ikea coffee table. At first glance, TSB appears to have done rather well out of its divorce from Lloyds. For a start, it [...]
Sainsbury’s to expand clothing sales by trialling online launch June 9, 2014 Sainsbury is to take on its high street and supermarket rivals by selling its clothing brand Tu online for the first time. The retailer said yesterday that it will pilot selling clothing to around 200 “invited” customers in the Midlands in August, which if successful would then be rolled out nationwide. It comes after people [...]
SSP stays silent on float plans as profits take leap June 9, 2014 KATE Swann, the boss of travel catering giant SSP, stayed silent on potential plans for a £2bn float yesterday after posting a 28 per cent jump in operating profits. The private equity-owned group was said earlier this year to be gearing up for a float this month, after drafting in Goldman Sachs. Swann declined to [...]
Crossrail 2 gathers steam with King’s Road and Dalston plan June 9, 2014 CROSSRAIL 2, the proposed London railway once known as the Chelsea-Hackney line, could end up stopping at neither of its namesake stations. Transport for London has started consulting on several possibilities for the route linking the south west and the north east of the capital. The options include a stop at Dalston Junction instead of [...]
