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.
- 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
Notting Hill Carnival: Woman shares selfie after being ‘punched in face for telling man to stop groping her’
YouTube video posted by Isis militants shows 'execution of 250 Syrian soldiers'
Joan Rivers: 'Palestinians deserve to be dead'
Daily Show's Jon Stewart destroys Fox News for its Ferguson coverage
Botched ice bucket challenge leaves man critically injured after plane drops hundreds of gallons of water
Exclusive: We share blame for creating 'jihad generation', says Muslim strategist
Robin Williams Emmys tribute led by Billy Crystal criticised for including 'racist' joke about Muslim woman
The Rotherham child abuse scandal is a tale of apologists, misogyny and double standards
Scottish independence TV debate: Pumped-up Alex Salmond bounces back in bruising second round against Alistair Darling
Do you realise just how foolish the UK looks?
Ukip Douglas Carswell defection: Tory MP jumps ship to join Nigel Farage
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