Trinity Mirror doubles cost savings as print revenues fall Revenues at publisher Trinity Mirror are expected to be 11 per cent lower in the six months to the end of June, pushed down by a 19 per cent drop in print advertising revenues, it said in a trading update this morning. The company said it would double planned cuts to £20m to offset the [...]
Regulators list problems with Poundland’s £55m 99p Stores merger Britain’s competition watchdog unveiled a list of issues it is exploring around Poundland’s £55m merger with 99p Stores after the discount chain agreed to push ahead with an in-depth probe last month. Poundland, which floated on the stock market last year, announced in February that it was going to buy 99p Stores. However, the Competition [...]
Stagecoach doubles European investment on rising profits Bus and rail operator Stagecoach Group is looking to expand operations in Europe and is ready to pitch for more transport franchises in big metropolitan cities around Britain. The expansion plans accompanied the group’s 2.4 per cent rise in pre-tax profits for the year ending 30 April 2015. It earned £185m on a 9.4 per [...]
Caledonia pays £77m for Seven Investment Management stake June 22, 2015 Caledonia Investments, a self-managed investment trust firm, yesterday announced that it will be acquiring up to 94 per cent of Seven Investment Management (7IM) by investing £77m in cash. London-listed 7IM’s management team will subscribe £5m for the remaining equity, with the balance to be provided by £25m of bank debt. The deal, instigated by [...]
