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’Snap news
Breaking pre-market news on Tuesday,
- UBS to cut 3,500 jobs, to take SFr450m restructuring charge in second half — statement.
- G4S group turnover up 5 per cent, says it has “strong pipeline of M&A opportunities”
Snap news
Breaking pre-market news on Tuesday,
- BP reveals $17bn loss; $32.2bn pre-tax charge — statement and statement.
- Dudley takes BP helm; Hayward nominated for TNK-BP post — statement.
- Tomkins valued at £2.89bn in Pinafore acquisition — statement.
Lachlan Murdoch ties up with DMGT
Daily Mail & General Trust has sold half of DMG Radio Australia, its Australian radio business, to Illyria, Lachlan Murdoch’s private investment vehicle, for about £63m. Murdoch, son of News Corp chairman Rupert Murdoch,
Snap news
Breaking pre-market news on Thursday,
- Panmure Gordon announces £23m (34p) share placing with Qinvest, which will own 44% of company – statement.
- Investec cuts dividend, sees earnings fall, but says balance sheet strong – statement.
Daily Mail – junk
Not our opinion, naturally.
LONDON (Standard & Poor’s) April 23, 2009–Standard & Poor’s Ratings Services said today that it lowered to ‘BB+’ from ‘BBB-’ its long-term corporate credit rating on U.K.-based newspaper and media group Daily Mail & General Trust PLC (DMGT).
Lebedev revives Evening Standard bid
Alexander Lebedev, the Russian billionaire and former KGB officer, is in close discussions with Daily Mail & General Trust to buy a controlling stake in its London evening paper, the Evening Standard. A person close to the talks said a conclusion was likely in coming days,
Ex-KGB officer bids for Evening Standard
Alexander Lebedev, a former KGB lieutenant-colonel, a deputy of the Russian State Duma and billionaire banker, approached Daily Mail & General Trust last month with an offer to buy the Evening Standard,
Snap news
The latest on Thursday.
- IG Group reports rise in pre-tax profits, H1 doubtful debt charge of £15m – statement
- Corporate results: DMGT, Halfords, Hochschild, Mothercare, National Grid, Rolls Royce.
Suitors urge UK’s DMGT to buy Loot
Loot, the classified advertising magazine that attracted a valuation of £190m at the height of the dotcom boom, could be sold by Daily Mail and General Trust for substantially less. The media group said Wednesday it was studying a possible disposal of the magazine,