Companies planning to list on the London Stock Exchange were handed a reality check yesterday as investors turned their backs on three of the newest entrants to the market.
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Thursday 04 February 2010
EMI, the music group owned by private equity firm Terra Firma, was hit by an operating loss of £1.03bn last year and today admitted it was in danger of breaching its banking covenants.
Sunday 03 January 2010
Tuesday 08 December 2009
Shanks yesterday told potential suitors that an offer of 150p a share would be enough to buy the waste management group. The move came after the US private equity firm Carlyle approached shareholders with a bid valuing the company at £536m, the equivalent of only 135p a share.
Thursday 26 November 2009
The board of Novera Energy, an Aim-listed renewable energy group, rejected a second approach for the company run by private equity giant Guy Hands yesterday.
Thursday 27 August 2009
The private equity tycoon Guy Hands has bought the US green energy group EverPower Wind Holdings in a deal understood to be worth $350m (£216m).
Wednesday 18 March 2009
The end of an era beckoned at the London-based buyout firm Terra Firma yesterday when the owner of the music company EMI announced that its founder and head, Guy Hands, will step down from the post of chief executive. Mr Hands, 49, will retain the roles of chief investment officer and the chairmanship of the company.
Thursday 09 October 2008
President George Bush is on course for a notable – or should that be notorious? – achievement. Barring a dramatic stock market recovery over the next couple of months, he is set to become the first two-term US president since Woodrow Wilson almost 90 years ago to leave office with the Dow Jones index standing at a lower level than when he was sworn in – 11 per cent lower than in January 2001.
Saturday 26 July 2008
Tuesday 15 July 2008
EMI's Recorded Music division saw earnings of £59.2m in the three months to June, compared with losses of £45.1m last year, according to an email from Guy Hands, the group's controversial chief executive, to staff yesterday. Revenue was £288.1m, up 61 per cent.
Friday 11 July 2008
The private equity tycoon Guy Hands has had his hands full trying to make money from the music industry since buying EMI last year, and now it seems he has taken a hit from investing in the film industry as well.
Friday 20 June 2008
UBS has launched legal action against its own clients, a joint venture of Terra Firma and Deutsche Bank, after they refused to allow the Swiss investment bank to sell debt relating to a buyout to their rivals.
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