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’How to profit from a heatwave
Go long sunscreen, perhaps? Barbecue sausages and patio furniture?
What about going short old people?
That idea comes via Brewin Dolphin analysts Sahill Shan and Chris Glasper in a note on Southern Cross Healthcare,
Snap news
The latest on Friday,
- F&C reports slight decrease in assets under management by 3% – statement
- Friends Provident reports £1bn capital surplus; sees 14% fall in sales – statement
- Southern Cross refinances debt – statement
- BT ousts global services CEO on profits warning – statement,
Snap news
The latest on Monday,
- Southern Cross bank covenant renegotiation expected to be finalised this week – statement.
- Corporate news: GKN, McBride, Persimmon,
- Futures see Dax down 2.9%, CAC-40
Snap News
The latest on Friday,
- SkyTerra and Harbinger declare bid for Inmarsat – statement
- Southern Cross secures loan extension – statement
- Dawnay Day Treveria director resigns – statement
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Annals of inappropriate profit warnings, Southern Cross edition
Southern Cross is the leading provider of Care Homes in the UK, with over 720 care homes and 37,000 beds nationwide. We offer a range of care services, including Nursing, Residential and Dementia Care.
Media mergers accelerate down under?
Take three biggish members of the same sector, suspend their shares and what do you get? Lots of M&A speculation – that’s what – especially when the three firms concerned are all members of the media sector.
Aussie media braces for new M&A wave
Australia’s media industry is set for a flurry of mergers and takeovers when new ownership laws come into force on Wednesday, ushering in the sector’s biggest overhaul in decades, reports AFP Business [via Yahoo].
Blackstone sells £169m stake in Southern Cross
Blackstone has sold off its remaining 21.8 per cent stake in Southern Cross Healthcare, the nursing-home operator it bought in 2004 and listed on the stock market last summer. Morgan Stanley, which handled the sale,
Blackstone sells half SCH stake
Blackstone, the private equity group, has pocketed £127.5m after selling about half its 43 per cent stake in Southern Cross Healthcare, the nursing-home operator it bought in 2004 and took public last summer.