Chinese lottery firm DJI Holdings set to launch £130m London float July 21, 2014 Chinese lottery group DJI Holdings priced its initial public offering yesterday with an expected market valuation of £130.5m as the group looks to raise £15m from London’s Alternative Investment Market on Thursday. DJI will place 9m shares during the float priced at 100p on admission raising £9m. It will also issue £6m of convertible loan [...]
Monitise share price jumps as firm agrees IBM partnership July 21, 2014 Mobile payments firm Monitise yesterday announced it has expanded its partnership with US business giant IBM to deploy new mobile banking, payments and commerce solutions. Shares in Monitise jumped 4.1 per cent yesterday to close up at 44p. The deal combines IBM’s financial services and retail industry expertise with Monitise’s mobile banking and payments capabilities. [...]
Huawei revenues soar by a fifth as it spends on mobile internet July 21, 2014 Huawei, the world’s second- largest telecom equipment maker, said yesterday it is set to achieve sustainable growth in 2014 after reporting a 19 per cent jump in revenue to 135.8bn yuan (£12.81bn) during the first six months of the year. The private Chinese firm said its operating margin will be 18.3 per cent in the [...]
Time Warner changes rules to make it tougher for 21st Century Fox to buy July 21, 2014 Time Warner last night changed its company bylaws to make it more difficult for 21st Century Fox to pressure the firm into a takeover. The media giant has axed for one year a rule allowing shareholders holding at least 15 per cent of its shares to call a special meeting – a measure that could have [...]
Sage to raise stakes in German payrolls after €16m acquisition of Exact Software Deutschland July 21, 2014 Business software and services group Sage yesterday announced a deal to acquire German payroll firm Exact Software Deutschland for €16.25m (£12.87m). The cash deal will boost Sage’s payroll business in Germany, increasing its revenue to around €30m and making it the second largest payroll player in the market. “The acquisition significantly increases our payroll customer [...]
Lake Capital in talks to back Engine Group July 21, 2014 The Engine Group, owner of PR firm MHP Communications and ad agency WCRS, is set to announce a major investment by Lake Capital by the end of the week. The London-based company’s 13 agencies provide services including advertising, lobbying and marketing to major brands including Tesco, Coca Cola and Lloyds Banking Group. MHP also advised [...]
Reed Elsevier sells construction data arm to Warburg Pincus July 21, 2014 BRITAIN’S biggest media group Reed Elsevier will today announce the sale of a 51 per cent stake in Reed Construction Data, its North American construction information business, to US private equity fund Warburg Pincus. The disposal comes as part of the restructuring of the FTSE 100-listed firm’s Business Information division which has seen it sell [...]
BSkyB nearing deal for its Sky Europe takeover July 21, 2014 BSkyB is reportedly finalising plans to take over its sister companies in Italy and Germany in a deal that could be sealed in coming weeks. The agreement would bolster parent company 21st Century Fox’s $80bn (£47bn) bid, revealed last week, to take over US media conglomerate Time Warner. Fox chairman and chief executive Rupert Murdoch [...]
Voiamo seeking to raise £10m in bid to speed up European rollout July 21, 2014 London-based low cost data roaming service Voiamo has agreed a pan-European deal with Europe’s largest consumer electronics chain, Media Markt. The chain will now sell Voiamo’ low cost data roaming sim cards across its stores in Spain and Portugal from 1 August. The company has launched a £10m fundraising round to accelerate its country roll-out [...]
Quindell retail shareholder group supports bloodied insurance firm July 21, 2014 MEMBERS of the Quindell Shareholder Action Group voted in support of the firm in a poll this weekend. The group of nearly 1,000 retail investors in the Aim-listed insurance firm backed the company, even though their shares plummeted 60 per cent following a scathing blog post in April by US short seller Gotham City Research. [...]
