Today's letter from the Editor
£25000 - £35000 Per Annum: Clearwater People Solutions Ltd: Our client are cur...
£30000 - £35000 per annum + Benefits: Ashdown Group: IT Support Manager - Near...
£10000 - £15000 per annum: Randstad Education Cambridge: Nursery assistants re...
£20000 - £30000 per annum + OTE £40 - £50K first year: SThree: SThree Group an...
The Business Matrix: Monday 16 December 2013
Moncler skis off with £2bn float
Shares in the luxury Italian fashion and ski brand Moncler will begin trading later today in Milan, giving the group a €2.55bn (£2.15bn) valuation. The IPO, by private-equity owners Carlyle and Eurazeo, is the largest in Italy since 2010 and was 31 times oversubscribed amid signs of recovery in the eurozone. Italian luxury stocks have soared in the past two years.
Japanese consider move for Canopius
The British insurer Canopius Group could be up for sale after Sompo Japan Insurance said yesterday that it is looking at a possible takeover that could reportedly value the British firm at around Y100bn (£595m). Canopius, a privately owned Lloyd’s business, is majority-owned by the private-equity firm Bregal Capital.
What the Sunday papers said
Irate Ashley plans Adidas share raid
Mike Ashley, the billionaire founder of Sports Direct, is threatening to build a hostile stake in Adidas as a row escalates over the supply of Premier League kits. Mr Ashley has indicated he could start buying shares to exert pressure on the German giant after it refused his shops access to Chelsea’s replica kit.
The Sunday Times
Troubled RSA to offload assets
RSA Group hopes to sell non-core operations in Eastern Europe, Latin America and Asia to try to raise £500m that investors think it needs in fresh capital. Chairman Martin Scicluna, who took control of the FTSE 100 insurance group after chief executive Simon Lee quit, wants to offload peripheral assets.
The Sunday Telegraph
Crowdfunding ‘under threat’
Leading MPs and the UK’s crowdfunding industry are calling on the Financial Conduct Authority to halt a consultation over regulation that is due to complete later this week. Critics warn the process is deeply flawed and may strangle the industry at birth by making regulation too onerous for investors.
The Independent on Sunday
Energy bills to rise ‘£6bn in shake-up’
A massive energy-market shake-up to be announced this week will lead to a fresh hike in bills, experts warn. Regulator Ofgem has overhauled charges paid by companies for using the national grid, but critics say consumers face an extra £20 a year on the average bill, or £6bn by 2030.
The Mail on Sunday
Aggreko looks for energy boost
The temporary-energy supplier Aggreko will be hoping it can power up its share price despite concerns about its fleet of machines and some signs of waning demand from customers. It is due to release a trading update today and analysts at HSBC think concerns in the market have been overstated.
Nat Ex buses face bumps in road
The transport group National Express releases figures tomorrow. Liberum Capital’s experts are concerned the coach operator faces “higher contract churn and lower margins” in certain overseas markets. The sector faces risks from regulation which will weigh on Nat Ex despite its steady US bus division.
Mixed fortunes for electrical firms
The former owner of Comet, the French electrical retailer Darty, will release its interim results on Wednesday. It has been having a tougher time of it as the consumer outlook in France remains difficult. But rival Dixons is likely to impress on Thursday following the demise of rivals such as Best Buy and Comet.
Spotlight on Serco after scandals
The outsourcer Serco reports on Thursday after a series of scandals that saw boss Chris Hyman depart. It is dealing with contract losses and the negative publicity relating to the fraud probe into its electronic-monitoring contracts. But Numis Securities warns: “We continue to see weakness in the short term.”
- 1 Notting Hill Carnival: Woman shares selfie after being ‘punched in face for telling man to stop groping her’
- 2 Joan Rivers: 'Palestinians deserve to be dead'
- 3 Daily Show's Jon Stewart destroys Fox News for its Ferguson coverage
- 4 Botched ice bucket challenge leaves man critically injured after plane drops hundreds of gallons of water
- 5 Friends reunion: Jennifer Aniston, Lisa Kudrow and Courteney Cox perform mini sketch on Jimmy Kimmel Live