Business News in Brief: 03/10/2010
Sunday 03 October 2010
John Laing prepares for £600m listing
Fund manager Henderson Global Investors is preparing to list infrastructure subsidiary John Laing on the London Stock Exchange.
JP Morgan Cazenove has been hired to advise on the listing, which could value Laing at as much as £600m. Laing invests in a diverse range of public-sector projects, such as hospitals, schools and roads. The group's 67 infrastructure assets are valued at more than £650m and a listing is expected before Christmas.
David Phillips launches rental business
The UK's largest furniture supplier to landlords, David Phillips, has launched a rental business. The service will provide furniture for hire rather than purchase to help cut costs. The company, which has a nationwide warehouse network, offers monthly furnishing "packages" starting at £83. It was selected as preferred supplier last week for Manchester's Media City scheme which will house the BBC's sports division.
Rusal begins UK shareholder roadshow
The board of Rusal, the Russian aluminium giant, will kick-off a roadshow for UK shareholders tomorrow as it tries to wrest control of Norilsk Nickel. Rusal and Interros, which each own 25 per cent stakes in the business, disagree over the direction it should take. ISS, an independent advisory service, recommended on Friday that shareholders vote to remove the board. Rusal, which is listed in Hong Kong, is run by Oleg Deripaska, the Russian oligarch.
Royal Marine Sgt Alexander Blackman jailed for life for the murder of Afghan insurgent
Ja Rule forced to deny leaving wife for prison cell mate
Nelson Mandela: 11 inspirational quotes to live your life by
Ryanair calls on CAA to act over air traffic chaos caused by telephone system glitch
Crash pilot who threatened Ukip leader Nigel Farage found dead
- 1 Cameron's freebie to apartheid South Africa
- 2 Is this the scariest advert ever? Japanese tyre commercial comes with its own disclaimer and health warning
- 3 Sherlock series 3: Benedict Cumberbatch and Martin Freeman provide teasers for the biggest comeback in British television
- 4 A forgotten episode in Russian history leaves links with the Philippines
- 5 People will try to reduce Mandela to a lilting reggae tune about ‘love’. They will fail
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