Melrose ups Charter offer July 14, 2011 ENGINEERING turnaround firm Melrose has increased its offer for Charter International to 840p per share, valuing the welding equipment supplier at about £1.4bn. The improved offer comes after Charter rebuffed a 780p per share approach from Melrose late last month, the board stating that the bid undervalued the company. The struggling firm, which saw the [...]
CITY MOVES | WHO’S SWITCHING JOBS July 13, 2011 Capital & Regional The property investment firm has appointed Tony Hales as a non-executive director, with effect from 1 August. Hale has been chairman of Workspace Group since 2002 and will step down from the board following the AGM in July. Hales is currently chairman of British Waterways, senior independent director of International Personal Finance, [...]
Workspace plans cut-price rights issue July 7, 2011 BUSINESS landlord Workspace Group is to raise £63m in a deeply discounted rights issue, as part of plans to accelerate investment in its portfolio of buildings. The one-for-four rights issue is being made at a price of 23p per new ordinary share, representing a 21 per cent discount to the stock’s Wednesday night close. The [...]
Regus stays cautious as revenues rise May 17, 2011 BRITISH workspace rental company Regus said revenues grew 8.1 per cent in the first four months of 2011 and that it was well placed for further growth despite remaining cautious on the economy. Regus, which offers ready-to-use offices for rentals as short as half a day, yesterday said revenue for the four months to 30 [...]
Regus shares jump on rosy 2011 outlook March 21, 2011 WORKSPACE rental company Regus reported a 67 per cent drop in earnings after it saw little benefit from any economic upturn, but its shares jumped after it hiked its dividend and said expansion and cost-cutting will return it to growth in 2011. The group, which offers ready-to-use offices for rentals as short as half a [...]
WHAT THE OTHER PAPERS SAY THIS MORNING February 23, 2011 FINANCIAL TIMES N IRELAND’S ECONOMIC WOES BOOST TERROR GROUPS, WARN OFFICIALS The parlous state of Northern Ireland’s economy is acting as a recruiting sergeant for dissident republican groups, senior police and security figures warned, raising questions about the pace of spending cuts in the region. The province’s power-sharing executive has been told to find savings [...]
INTERIORS July 8, 2010 ANDREW DUNNING HEAD DESIGNER, APD INTERIORS Q.Dear Andrew, we have a spare room and I would like to turn it into a home office. Can you give me some advice? A.First, consider how you want to use the room. If you regularly have guests staying and need a study space away from the main bedroom [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 7, 2010 FINANCIAL TIMES ROCKHOPPER set for $40m CASh CALL Rockhopper, the first explorer to find oil on the Falkland Islands, is priming a £40m cash call that could be launched this week. The Aim-quoted oil company, one of three small UK wildcat explorers drilling for Falklands oil, has been working with broker Canaccord Adams to sound [...]
How to have the perfect World Cup at home June 2, 2010 1 Slingbox Pro With World Cup viewing forecast to cost businesses £11.6m this year as matches collide with the working day, make sure you can skive with the best of them. The Slingbox Pro enables you to channel your TV through the internet to your computer or mobile device, wherever you are. Simply set up [...]
Regus profits fall but bright outlook ahead March 22, 2010 SERVICED office provider Regus yesterday said full-year pre-tax profits fell 42 per cent as the recession took its toll on small business, and warned its outlook remained unclear. Regus said the UK workspace picture remains hazy as it posted a fall in turnover from £1.077bn to £1.055bn with pre-tax profits of £86.9m compared with £149.2m [...]