Melrose share price tumbles following low-ball bids for GKN unit November 26, 2018 Turnaround specialist Melrose led FTSE fallers today as its share price fell over six per cent following reports of disappointing bids for one of its GKN units. Melrose, which bought aerospace company GKN in an £8bn hostile takeover earlier this year, was reportedly forced to reconsider its options after it was low-balled by bids for [...]
GKN owner Melrose considers options after being low-balled by bids for unit November 25, 2018 GKN owner Melrose is licking its wounds after it failed to attract the right price for one of the engineering group’s key divisions. The company’s management is now considering its options after being low-balled by bidders, including private equity firms Apollo and PAI Partners, Sky News reported last night. It expected to get around £2bn [...]
Embattled budget airline Flybe’s shares take off as it confirms Virgin Atlantic talks November 23, 2018 Struggling low cost airline Flybe’s shares soared 23 per cent this morning as it confirmed reports that Virgin Atlantic is in talks to buy it. Billionaire Sir Richard Branson’s airline began talks to buy the company after the Exeter-based airline put itself up for sale earlier this month, Sky News reported last night. Shares later [...]
Virgin Atlantic opens talks to buy struggling budget airline Flybe November 22, 2018 Virgin Atlantic has opened talks with struggling low-cost airline Flybe over a possible takeover. The airline partly owned by Sir Richard Branson has emerged as a surprise potential buyer after the Exeter-based airline put itself up for sale earlier this month, Sky News reported. Sources said Virgin Atlantic saw the move as an opportunity to feed [...]
Ashley hits out at politicians and landlords ahead of committee hearing November 22, 2018 Mike Ashley today lashed out at politicians for failing Britain’s beleaguered high streets, as he demanded an audience with MPs in Westminster next month. The retail billionaire and Newcastle United owner, who has recently acquired House of Fraser and Evans Cycles, called on both politicians and landlords to do more to help struggling retail outlets. [...]
EFL TV deal: Why Championship clubs are revolting against new £595m Sky broadcasting agreement November 21, 2018 There is a revolt brewing in the second tier of English football. Rather than being met with acclamation, the announcement on Monday that the EFL, which represents the three divisions below the Premier League, had signed a new record £595m, five-year broadcast deal with Sky Sports was greeted by anger from within. As an important [...]
Labour’s childish antics over Brexit are an embarrassment November 20, 2018 The Brexit deal is on the table and the bids to support it, scrap it, or make it utterly redundant are now in full swing. As Theresa May moves forward with her plan to engineer a parliamentary majority for a proposed exit deal, clear political camps have begun to form. The Tory moderates who have [...]
The Hut Group gearing up for boardroom reshuffle November 19, 2018 British online shopping giant The Hut Group is planning a major board reshuffle which would involve the departure of the company’s current chairman. The beauty retailer is set for a shake-up that would see founder and chief executive Matthew Moulding replace Richard Pennycook as chairman, according to Sky News. Pennycook, who has served as the [...]
Babcock talks down impact of reported £100m helicopter business write-down November 19, 2018 Defence contractor Babcock has played down the impact of a reported £100m write-down of its helicopter business on its bottom line. The FTSE 250 engineering firm, which revealed the closure of its Appledore shipyard in Devon earlier this month, was expected to announce the drop in value in its half-year results on Wednesday. Babcock, which holds 128 [...]
Listen up: Sideways 6 helps you hear your staff’s great ideas November 19, 2018 There are lots of reasons you might not be happy with your job. Maybe you don’t like the work itself, or your colleagues? Perhaps the requests of your clients (or your manager) are too demanding? But even if you like your job, it could be that you don’t feel respected – maybe your bosses aren’t [...]