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.
Kirstie Allsopp has waded into the female fertility debate again
...and it wasn't caused by an asteroid crash, as first thought
- 1 Snoop Dogg and Jared Leto buy a stake in Reddit as A-list invests $50m
- 2 Prince held a Facebook Q&A and this is the only question he answered...
- 3 35,000 walrus gather on north-west Alaska beach 'for a rest'
- 4 Brad Pitt, on the moment he completely lost his temper with Clint Eastwood's son
- 5 A teacher speaks out: 'I'm effectively being forced out of a career that I wanted to love'
Stella McCartney apologises over controversial 'very ill' model picture on Instagram
Snoop Dogg and Jared Leto buy a stake in Reddit as A-list invests $50m
Prince held a Facebook Q&A and this is the only question he answered...
Brad Pitt, on the moment he completely lost his temper with Clint Eastwood's son
Cheryl Cole named 'the most dangerous celebrity' on the internet
Former Tory donor Arron Banks ups his Ukip donation to £1million following William Hague 'nobody' comment
Exclusive: 'Putin's Russia has been my biggest regret,' says Nato's outgoing Secretary General
The Osborne Ultimatum: Chancellor’s benefits freeze bombshell will affect ten million households
There’s no excuse for Dave Lee Travis’s behaviour, but we need to keep a sense of proportion
Should gay sex be illegal? 16% of Britons think so
Mark Reckless becomes second Tory MP to defect to Ukip in a month
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