Page 4 - Ivan Edwards News Today

TOP NEWS: St Modwen accepts firm takeover offer from Blackstone Thu, 20th May 2021 11:31 (Alliance News) - St Modwen Properties PLC on Thursday said it has accepted a firm 542 pence-per-share takeover offer from Blackstone Group Inc, worth a total of GBP1.24 billion. Blackstone had announced on May 7 a possible offer of 542p per share, which Birmingham-based property investor St Modwen said it was minded to accept if made firm. It is a 21% premium over St Modwens closing price of 448p on May 6....

IN BRIEF: Tech SPAC Boanerges lists on Aquis, raises GBP500,000 Mon, 17th May 2021 12:21 Boanerges Ltd - British Virgin Islands-registered special purpose acquisition company - Shares start trading on Aquis Stock Exchange Growth Market on Monday after company raises GBP500,000 through the issue of 2.5 million shares to one individual investor. Company will invest in undervalued or pre-commercialisation firms involved in "big data, machine learning, telematics and internet of things." Chief Exec...

John Laing completes GBP29 million Colombia road deal Fri, 14th May 2021 08:40 (Alliance News) - John Laing Group PLC on Friday said it has completed the acquisition of a stake and achieved financial close in a Colombian road project. The London-based infrastructure investor and developer owns 21% of the Pacifico 2 road project, a public-private partnership. It paid COP151 billion, equivalent to GBP29 million, for the stake in a deal announced on January 5. Financial close means that funding fo...

3i raises dividend after private equity picks drive solid return | Financial News

Kier shares jump on GBP241 million capital raise plan to cut debt Thu, 13th May 2021 12:49 (Alliance News) - Kier Group PLC on Thursday said it plans to issue GBP241 million worth of shares priced at 85 pence each in an accelerated bookbuild, the "final milestone" in its turnaround strategy. Shares in Kier were up 8.9% to 111.46p in London. Most of the cash will be used to cut debt, Kier said, while GBP16.9 million will be added to the companys cash reserves. Together with the GBP110 million ...

UPDATE: Balfour Beatty holds guidance; names former ITV boss as chair Thu, 13th May 2021 14:12 (Alliance News) - Balfour Beatty PLC on Thursday said it continues to expect profit at its earnings-based businesses to recover to pre-virus levels, and named former ITV PLC chief executive Charles Allen as its new chair. Shares were down 0.9% to 308.20 pence in London, roughly in line with the wider mid-cap FTSE 250 index. In an update ahead of its annual general meeting on Thursday, the London-bas...

Marstons promotes finance chief Andrea to replace veteran CEO Findlay Wed, 12th May 2021 11:27 (Alliance News) - Marstons PLC on Wednesday named Chief Financial Officer Andrew Andrea as its new chief executive. Andrea will replace Ralph Findlay as chief executive on October 3, after Findlay announced in March his decision to step down after 20 years in the job. Andrea is 51 years old and Findlay is 60 years old, according to Companies House files. The incoming chief has 23 years of experience ...

Oxford Metrics wins contract with Tencent unit Sharkmob Tue, 11th May 2021 14:09 (Alliance News) - Oxford Metrics PLC on Tuesday said its Vicon business won a contract with Sharkmob, a video games developer owned by Tencent Holdings Ltd. Vicon will supply cameras and software to Sharkmobs performance capture studio, due to open this summer in Malmo, Sweden. The competitive contract win shows the strength of Vicons products, Oxford Metrics said. "As the game industry continues to evolve rapidl...

Sherborne dumps Barclays stake after three-year battle over strategy Fri, 7th May 2021 10:03 (Alliance News) - Sherborne Investors Management LP, the investment vehicle of activist Edward Bramson, on Friday said it has sold its entire 6.0% stake in Barclays PLC. It ends a three-year battle between Sherborne and the London-based bank, during which the activist tried to force cutbacks and oust Chief Executive Jes Staley. Sherborne had called for Staley to be removed in April 2020 over his links t...

Rathbone reports first-quarter asset growth and inflows Thu, 6th May 2021 11:23 (Alliance News) - Rathbone Brothers PLC on Thursday reported "good organic growth" in a first-quarter trading update. Total funds under management and administration rose 2.0% to GBP55.8 billion on March 31 from GBP54.7 billion on December 31 and jumped 31% from GBP42.65 billion a year before. Net inflows totalled GBP693 million in the first quarter, up from GBP652 million a year before. Underlying net operating inc...