Nando’s to buy burger chain for £30m

first_img The UK arm of chicken restaurant chain Nando’s has confirmed that it has agreed a £30m deal to buy a rival firm.It plans to take over Clapham House Group, the company behind Gourmet Burger Kitchen (GBK) and The Real Greek.Nando’s said that Clapham’s brands were struggling in the volatile market and needed its investment and expertise.There are more than 230 Nando’s restaurants in the UK and Irish Republic while there are 53 GBK branches.Clapham’s board has recommended shareholders accept the offer for the company. “It is expected that conditions in the UK will remain challenging and consumer confidence will remain fragile,” it added saying it believed “significant investment and time” were needed to “re-invigorate Clapham House’s businesses”.Clapham raised £2.2m from issuing extra shares earlier this year, but Nando’s said that while this had allowed a “selective” expansion of GBK, it would have struggled to get the further funding needed “during a time of unpredictability in the UK economy”. Share Nando’s to buy burger chain for £30m whatsapp Friday 17 September 2010 2:40 am by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com center_img More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comWhy people are finding dryer sheets in their mailboxesnypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com John Dunne whatsapp Tags: NULL Show Comments ▼last_img read more

Virgin media nets more money per user

first_img whatsapp Cable operator Virgin Media added fewer net new customers in the third quarter than expected but managed to extract record sums from each user.Virgin Media, which competes in Britain with BT and BSkyB in the provision of broadband, telephony and pay-TV, said it had added 14,100 net new customers in the period ending September, compared with a Reuters forecast of 21,000.Churn, or the percentage of customers who left the company, increased slightly to 1.6 per cent as rivals increased their marketing activity and increased competition.But the group managed to cross sell more products to their existing customer base, with 62.7 per cent now taking three products, helping Virgin to post record average revenue per user of £46.38.Virgin Media has benefitted since it moved its focus to delivering faster broadband products and services to order TV shows on demand.It said on Wednesday it had launched the pre-registration service for 100 Mb broadband, which is due to go on sale in December.The strong operating performance enabled the group to post a third-quarter rise in revenue up 6.4 percent to £978m, compared with a Reuters poll predicting £968m.The key operating cash flow (OCF) metric was up 11 per cent to £387m, compared with the forecast of £376m, in the fourth successive quarter of double digit percentage growth.“Our continued focus on exploiting our strategic advantages with the resulting multiple opportunities for revenue growth, as well as robust financial discipline has delivered another strong financial performance this quarter,” chief executive Neil Berkett said in a statement.Virgin Media said in July its consistent improvement in attracting new customers and securing more revenue per user had given it the confidence to launch a share buyback of up to £375m over the next 12 months.The buyback is part of a £700m capital return programme that will also pay down debt. It said on Wednesday it had completed an initial buyback of £125m of stock and retained the authority for a further £250m. Share Virgin media nets more money per user whatsapp John Dunne Show Comments ▼ Wednesday 27 October 2010 2:36 am Video Carousel – cityam_native_carousel – 426 00:00/00:50 LIVERead More Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoDiscovery23+ Sports Stadiums Around the World That Are Abandoned NowDiscoveryUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldUndo Tags: NULLlast_img read more

Fiat agrees deal on strikes and absence

first_img Fiat agrees deal on strikes and absence Tags: NULL KCS-content Read This Next’Pose’ Creator Steven Canals on Life After His Groundbreaking Show: ‘I’mThe Wrap’The Boys’ Star Aya Cash Took Inspiration From YouTube, TikTok and SteveThe WrapHow HGTV’s ‘Renovation Island’ Changed Bryan and Sarah Baeumler’sThe Wrap’Bridgerton’ Stars Phoebe Dynevor and Nicola Coughlan on Daphne andThe WrapBest Wine Gifts & Wine Accessories at Every PriceGayot’Hitman’s Bodyguard’s Wife’ Earns $17 Million 5-Day Opening as Box OfficeThe WrapFox News’ Mark Levin Says Capitol Riot Suspects ‘Would Be Treated Better’The WrapEverything We Know, or Think We Know, About the Time-Keepers on ‘Loki’The Wrap’The Crown’: What Went Into Finding Princess Diana and Margaret ThatcherThe Wrap whatsapp whatsapp CARMAKER Fiat won narrow backing from its workers for a groundbreaking contract that limits strikes and absenteeism in exchange for investment in Italy, unions said yesterday. Workers in a referendum at Fiat’s historic but loss-making Mirafiori factory in Turin voted 54 per cent in favour of the new contract, a spokesman for the FIM union said.Chief Executive Sergio Marchionne, who engineered the Italian carmaker’s 25 per cent stake in Chrysler and transformed Fiat from an ailing conglomerate, had threatened to deploy the cash abroad if workers rejected the changes. The deal was approved by most unions at the plant but rejected by one of the more hard-line unions, Fiom. The deciding factor was support from white-collar workers, union spokesmen said. “A 46 per cent ‘No’ vote seems tremendous to me. To make goodcars, you don’t need conflicts of this type,” Fiom Turin representative Giorio Airaudo told reporters yesterday. Fiat’s top executives and Italian ministers said they were pleased with the outcome of the vote and hoped the deal would begin a new era in labour relations free of acrimony. “Now we need to put controversies and contrasting positions behind us and face the challenges that we have before us in a constructive manner,” Fiat Chairman John Elkann said in a statement.The contract is part of a Fiat-led unprecedented overhaul of Italian labour relations, which have been based on national deals rather than on a plant-by-plant basis. If workers accept the new contract, the company has pledged to invest $1.3bn (£819m) to build new Alfa Romeo and Chrysler models at Mirafiori, Fiat’s oldest plant and a symbol of Italian industry.More than 96 per cent of workers voted in the referendum on Thursday and Friday. The contract has already been agreed at loss-making plant Pomigliano. Show Comments ▼ Share Sunday 16 January 2011 9:54 pmlast_img read more

BoJ trims its GDP forecast

first_img BoJ trims its GDP forecast by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search Adsthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com Tags: NULL whatsapp KCS-content Sharecenter_img whatsapp THE Bank of Japan revised up its inflation forecast yesterday, a move that reflects the impact of recent rises in commodity prices.Consumer price index (CPI) inflation will reach 0.3 per cent in the next financial year, it said.“However, the Bank could not be expected to say that inflation will remain negative as this would admit failure on a key policy objective,” said Julian Jessop of Capital Economics.Interest rates were kept at virtually zero, while GDP forecasts for the next financial year were revised slightly down to 1.6 per cent from 1.8 per cent. Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Show Comments ▼ Tuesday 25 January 2011 8:59 pmlast_img read more

Merlin talks still on target, says Treasury

first_img Tags: NULL GEORGE Osborne yesterday announced an £800m hike in this year’s bank levy, in a surprise move designed to “clear the decks” before the government signs a flagship agreement on lending and bonuses with the banks. The chancellor initially planned to introduce the £2.5bn-a-year levy at a reduced rate in 2011, yielding £1.7bn from the Treasury and allowing banks to rebuild their capital buffers.But yesterday Osborne shocked the banks by announcing he would introduce the levy at the full rate this year, costing the industry an extra £800m.The chancellor’s aides insisted the move had not been designed to wrong-foot the banks, who are locked in talks – codenamed project “Merlin” – with the government over boosting business lending this year. One source close to the chancellor said: “We didn’t want to agree Merlin and then subsequently announce a higher bank levy – that isn’t in the spirit of Merlin. And we couldn’t tell the banks privately, because the information is market sensitive.”The source added that “everything is out there on the table” in terms of extra taxation on banks, providing that HSBC, RBS, Lloyds, Santander and Barclays agree to new lending targets this year.However, aides insist the chancellor is willing to introduce further taxes should the Merlin talks fall through. One option repeatedly talked up by the Treasury is a financial activities tax, which would be levied on profits and remuneration. Sources close to the Merlin talks said the banks were “not overjoyed” by the decision to hike the levy without consultation, but that the move had not totally derailed the negotiations. “We’re still hopeful of getting a deal within the next week,” said one source. Osborne made the surprise move after he decided he was losing political points to Labour in the populist battle over bank remuneration. Aides felt he was particularly vulnerable to opposition claims he had handed the banks a “tax cut”, after they were forced to shell out for Alistair Darling’s one-off bonus levy last year, which raised £3.2bn. Yesterday, Osborne claimed the £2.5bn levy will raise more than the £3.2bn bonus tax, because the latter policy had a detrimental effect on corporation tax receipts. And he pointed out that the levy – which will raise £10bn over the next four years – was permanent, whereas Labour’s tax was only ever intended to be a one-off measure. However, shadow chancellor Ed Balls dismissed the levy as a “damp squib” and said Labour would repeat the bonus tax if it were in power. Tuesday 8 February 2011 9:19 pm Share More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org KCS-content Merlin talks still on target, says Treasury center_img whatsapp Show Comments ▼ whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”Wanderoamlast_img read more

PetroChina invests £3.4bn in Encana

first_imgThursday 10 February 2011 8:01 pm whatsapp PetroChina invests £3.4bn in Encana PETROCHINA is buying half of a prolific shale gas project from Canada’s Encana for C$5.4bn (£3.4bn), marking the largest Chinese investment yet in a foreign natural gas asset.Chinese companies such as PetroChina and CNOOC have been scouring globally for unconventional gas assets to reduce reliance on coal and satisfy its energy hunger to fuel its economy, now the world’s second-largest. In January, CNOOC struck a $570m shale deal with US natural gas company Chesapeake Energy, its second such deal with the American company in about four months. Shares of PetroChina, Asia’s largest oil and gas producer, fell more than two per cent yesterday in Hong Kong trade, lagging the Hang Seng’s 0.7 per cent fall, as analysts said the deal, to be paid all in cash, was pricey. KCS-content Show Comments ▼ More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comcenter_img whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldUndoBetterBe20 Stunning Female AthletesBetterBeUndoWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”WanderoamUndo Share Tags: NULLlast_img read more

Nasdaq moves in on NYSE bid

first_img Share Monday 14 March 2011 9:30 pm NASDAQ stock exchange is poised to make a hostile takeover bid for the New York Stock Exchange (NYSE), after entering late stage talks with Bank of America Merrill Lynch to fund the attempted break-up of NYSE and Deutsche Boerse’s merger. Nasdaq is close to securing $5bn (£3.1bn) of financing for its takeover bid, which could be unveiled as soon as today. The firm has teamed up with Intercontinental Exchange, which would snap up NYSE’s European assets under the break-up plans.However, talks were said to be ongoing last night and it was unclear what final shape the possible bid would take. Nasdaq has been considering muscling in on the NYSE-Deutsche Boerse merger for several weeks, as it attempts to reposition itself amid a flurry of mergers and takeovers across the world’s stock exchanges. NYSE announced its $10bn merger plan with Deutsche Boerse last month, although politicians on both side of the Atlantic have said the deals could face competition hurdles. Nasdaq and Bank of America declined to comment, while the NYSE and Intercontinental Exchange did not return calls yesterday. Bringing Nasdaq and NYSE together would create a stock-trading powerhouse in the United States and Europe that also dominates US options and listings businesses. It would be a bold move by Nasdaq chief executive Robert Greifeld, and, if successful, would redraw the global exchange map.Any bid would follow weeks of speculation that Nasdaq, the odd one out amid a merger frenzy, would jump into the fray with its own bid for an exchange operator. Tags: NULL KCS-content Show Comments ▼ More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com Nasdaq moves in on NYSE bid whatsapp whatsapplast_img read more

ECONOMISTS’ VIEWS: IS THE UK SERVICE SECTOR IN GOOD HEALTH?

first_img Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBetterBe20 Stunning Female AthletesBetterBeUndoAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndoDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionUndothedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comUndoZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldUndo whatsapp Share Tags: NULL DAVID KERN | BRITISH CHAMBERS OF COMMERCE I think there will be some bounce back in this week’s figures on the service sector, since what happened in December was distorted because of the severe winter weather. And financial, creative and business services are areas which can benefit from growing exports.ANDREW GOODWIN | ERNST AND YOUNG ITEM CLUB Survey evidence shows that the service sector rebounded in January, so we are definitely expecting positive numbers next week. I expect business and financial sectors to grow, yet more domestic sectors like hotels and retail distributors could struggle over the next couple years.CHRIS WILLIAMSON | MARKET Large chunks of the sector were affected in December because of the snow, such as travel and leisure activities — yet our purchasing managers’ index showed a bounce back in January. The UK still has an advantage in financial services, which we should not be dismissing. Sunday 27 March 2011 11:39 pm ECONOMISTS’ VIEWS: IS THE UK SERVICE SECTOR IN GOOD HEALTH? center_img whatsapp KCS-content Show Comments ▼ More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comConnecticut man dies after crashing Harley into live bearnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comlast_img read more

JJB deal hit by row over fees

first_img Share whatsapp Show Comments ▼ JJB deal hit by row over fees Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnaut’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe Wrap Wednesday 6 April 2011 8:10 pm ONE of sportswear retailer JJB’s advisers was yesterday forced to defend its role in a £65m financing deal after an attack from a major investor.The investor, who did not want to be named, suggested that Numis Securities had not earned a fee because it had “brought nothing to the party”. JJB launched a £65m fundraisng deal which includes a placing and open offer of 162.5m new shares at 40p each. Numis hit back at the suggestion that it had not earned its portion of a £5m fee paid to advisers. Other advisers include Lazard, law firms and PR firm Maitland.A Numis spokesman said: “We have worked very hard and spent a lot of time on this. We are underwriters and have reviewed the working capital among other things.” He said that Numis was steering JJB’s move from the main market to AIM, which was an intensive and specialised process.Last month JJB, led by Keith Jones (pictured), secured a company voluntary arrangement (CVA) in which landlords agreed to forfeit up to £60m in rent.The proposed share placing at 40p a share can only be triggered with the backing of a shareholder meeting later this month. The placing is being backed by the company’s four main shareholders. whatsapp Tags: NULL KCS-content last_img read more

Grainger expects sales to rise despite tough market‎

first_imgThursday 14 April 2011 7:44 pm Grainger expects sales to rise despite tough market‎ whatsapp KCS-content whatsapp Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap Share Tags: NULL GRAINGER, Britain’s largest residential property owner, said it expects completed sales from its UK assets to be worth £89m for the six months to 31 March, up £1m compared to last year.The Newcastle-based company’s trading update showed that the value of its portfolios of UK residential and development operations will increase by around two per cent at the half-year. In addition, there were £1m worth of sales from its German portfolio.The results came despite tough market conditions. Grainger also said its pre-tax profit would benefit from a partial reversal of mark-to-market movements on its long-term financial derivatives and the purchase of HI Tricomm Holdings in the first-half. The company, which will announce its interim results on 19 May, will continue to comfortably meet its banking covenants and reshape its debt with £290m from new lenders, it said in the statement. Show Comments ▼last_img read more