Latest News

Permira emerges as bidder for Third Space


By Goran Nastic

Private equity firm Permira has been revealed as one of the leading bidders for luxury health club operator Third Space, in a deal that could value the fast-growing business at between £700m and £1bn.

According to Sky News, Permira has begun work on a potential offer ahead of a formal sale process later this year


Highlighted Content

Why the most effective default pension investments are built to evolve

For most employees, pension saving happens in the background. Contributions are paid in each month, but few people make an active investment choice.


Story 2

Next ups guidance in Q2 update

Next has increased its full-year profit guidance, after its full price sales rose by 9.2% year-on-year to £70m, which is "materially ahead" of its 4% forecast

Story 3

FCA eases IPO rules in new push to boost London listings

The Financial Conduct Authority (FCA) has introduced new reforms coming into effect today to simplify the UK initial public offering (IPO) process

Story 4

1947 Oil & Gas targets £65m AIM debut

Newly incorporated 1947 Oil & Gas is aiming to join AIM later this month with an expected market capitalisation of £65m, most of which it will use to fund an acquisition, in what is nevertheless a welcome new addition to FTSE's junior market.

Story 5

L&G delivers 7% operating profit growth in H1

Legal & General (L&G) has recorded a 7% year-on-year increase in its core operating profit, totalling £918m, as it looks to become a "simpler, more focused" company

Story 6

BP plans to sell US biogas business as profits soar

BP's first full quarter under CEO Meg O'Neill saw profits more than double to $5.7bn and the petro giant today announced it intends to sell Archaea, its biogas business in the US.

Underlying profit rose to $5.7bn in the second quarter from $3.2bn in the previous three months, while reported profit was broadly unchanged at $3.9bn

Story 7

HSBC resumes $1bn share buyback

HSBC said it will resume share repurchases with a new programme of up to $1bn, after first-half profit jumped 23% to $19.5bn, ahead of market forecasts

Story 8

Segro agrees to £14bn offer from Prologis

Segro has announced that it has agreed to the terms of Prologis’ "final" combination offer, valued at £14bn

Story 9

Domino’s cooks up strong H1 following World Cup uplift

Domino’s has recorded what it has described as a "strong H1 trading performance", as its like-for-like sales jumped by 4.9% year-on-year

Story 10

AstraZeneca reportedly in $400bn Bristol Myers Squibb merger talks

AstraZeneca is said to be in talks to acquire US drugmaker Bristol Myers Squibb in a deal that would create a pharmaceutical group worth almost $400bn (£300bn).

The proposed transaction, first reported by the Financial Times this morning, would rank among the largest pharmaceutical mergers ever completed and create the world's fourth-largest listed drugmaker by market value

easyJet extends Castlelake takeover deadline

easyJet has extended Castlelake's deadline to make a firm takeover offer until 7 August, aligning it with rival bidder Apollo, as the airline keeps both suitors in the running for a potential acquisition
RWS acquires French language tech firm for £22.4m

RWS has agreed to acquire the French global provider of language and content services, Acolad, for £22.4m
Clarksons’ shares jump as profits rise 56%

Shares in Clarksons increased by over 14% in early trading after the shipping services firm reported that its underlying pre-tax profit jumped by 56% year-on-year in the six months to 30 June
FCA reforms transaction reporting rules

The Financial Conduct Authority (FCA) has finalised reforms to the UK's transaction reporting regime that it said will reduce compliance costs for financial firms by more than £108m a year while still maintaining the high-quality data needed to detect market abuse and supervise markets

View More News

BANNER

BANNER

FREE E-NEWS SIGN UP

Subscribe to our newsletter to receive breaking news and other industry announcements by email.

  Tick here to confirm you are happy to receive news and promotions sent by Corporate Finance News that you can opt out of at any time.


© 2019 Perspective Publishing     Privacy & Cookies