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.
Justin Bieber was one of the hardest hit
- 1 Nigel Farage: Me vs Russell Brand on Question Time – he's got the chest hair but where are his ideas?
- 2 Harry Potter fans can apply to the Hogwarts-inspired College of Wizardry
- 3 Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
- 4 Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
- 5 Orange Wednesdays are no more
Weather bomb in pictures: Storms cuts power for tens of thousands – and snow is on the way
Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
Russell Brand was rendered speechless on Question Time by this man
Fury at Airbus after it hints the super-jumbo may be mothballed
Disgruntled RBS worker writes hilarious open letter to Russell Brand after anti-capitalist publicity stunt leaves him hungry
Shock poll shows voters believe Ukip is to the left of the Tories
Nigel Farage's approval rating hits 'record low' as popularity suffers in wake of Ukip sex scandal
Nigel Farage defends Kerry Smith 'ch***y' comment: 'If you are going for a Chinese, what do you say you’re going for?'
Ukip candidate jokes about 'shooting peasants' in racist and homophobic rant
Pakistan school attack live: Taliban kill at least 132 children in 'horrifying' massacre
iJobs Money & Business
Up to £70,000 per annum + benefits: Sheridan Maine: Are you a qualified accoun...
Up to £65,000 per annum + benefits: Sheridan Maine: Are you a qualified accoun...
£32000 - £35000 per annum + benefits: Ashdown Group: Marketing Services Manage...
£Neg. (DOE) + Excellent Benefits: Guru Careers: A Finance Account Manager with...