News

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.

Predators eye Greenalls pubs

GREENALLS HAS embarked on a radical strategic review since its profits warning last week, with a sale of its underperforming pubs chain and wholesale operations top of the list of options.

Solo bid to beat Punch

GUY HANDS, Nomura's principal finance guru, is set to ask his Japanese bosses for pounds 3bn to whip Allied Domecq's pubs form under the nose of Punch Taverns, writes Dan Gledhill.

Hilton may shed bookies

HILTON, the leisure group previously known as Ladbroke, is coming under increasing pressure to get out of bookmaking.

Young guns are the inn crowd

Britain's pubs are passing from the hands of the old order, writes Dan Gledhill

Nomura placates investors as William Hill float is scrapped

NOMURA INTERNATIONAL has moved to placate more than 90,000 private investors who subscribed for shares in the float of the William Hill betting shops chain, which was abandoned on Saturday. The Japanese bank decided to sell the group to venture capital companies CVC Capital Partners and Cinven for pounds 825m instead.

William Hill saddles up for float

NOMURA, the Japanese bank, is gearing up for a January flotation of William Hill, the UK's second largest bookmaker, in a deal worth up to a pounds 1bn, writes Francesco Guerrera.

Greenalls sells off pubs to Nomura

GREENALLS WILL this week sell off 1,400 pubs to Nomura, the Japanese bank and Britain's biggest pub landlord, writes Diane Coyle.

People and Business: Heated words as not-so-steady Eddie takes off

EDDIE GEORGE, the Governor of the Bank of England, is in danger of losing his nickname "Steady Eddie". Just ask Paul Linford.

Apax's pounds 700m motorway bid

UK-BASED venture capital group Apax Partners is poised to win the bidding for Germany's state-owned Tank und Rast chain of motorway service stations with a pounds 700m offer after Nomura - which had been favourite - unexpectedly dropped its bid last week.

Nomura buyouts on hold, says Hands

GUY HANDS, the corporate financier who turned Nomura into one of the biggest players in the UK buyout market, says he is not expecting to do any new deals for 12 to 24 months, writes Andrew Garfield.

Nomura looks at pub flotation

NOMURA INTERNATIONAL is looking to refinance its 4,000 Inntrepreneur pubs as a prelude to a stock market flotation of the business. The most likely route is through a securitisation of the pubs' debts, a move it previously said might not be appropriate.

Outlook: Devaney lights up National Power

IF YOU are contemplating a pounds 7bn break-up bid for National Power, then where better to contemplate it than in the middle of the Mediterranean? John Devaney can currently be found, en famille, just off the north-west coast of Corsica, birthplace of Napoleon. He has dropped anchor close to Calvi but still has plenty of time to check the satellite fax in between taking the dinghy into town for the bread run.

London Electricity up for sale with pounds 1.9bn price tag

A FRESH wave of consolidation was in prospect in the energy sector after London Electricity was put up for sale yesterday by its US owners, Entergy.
News
people
Arts and Entertainment
Lena Dunham
booksLena Dunham's memoirs - written at the age of 28 - are honest to the point of making you squirm
News
Jacqueline Bisset has claimed that young women today are obsessed with being 'hot', rather than 'charming', 'romantic' or 'beautiful'
people
Arts and Entertainment
A bit rich: Maggie Smith in Downton Abbey
tvDownton Abbey review: It's six months since we last caught up with the Crawley clan
Sport
Frank Lampard and his non-celebration
premier leagueManchester City vs Chelsea match report from the Etihad Stadium
Life and Style
A new app has been launched that enables people to have a cuddle from a stranger
techNew app offers 'PG alternative' to dating services like Tinder
Arts and Entertainment
Jake Quickenden sings his heart out in his second audition
tvX Factor: How did the Jakes - and Charlie Martinez - fare?
Sport
premier league
Arts and Entertainment
'New Tricks' star Dennis Waterman is departing from the show after he completes filming on two more episodes
tvOnly remaining original cast-member to leave crime series
Sport
Mario Balotelli celebrates his first Liverpool goal
premier leagueLiverpool striker expressed his opinion about the 5-3 thriller with Leicester - then this happened
Career Services

Day In a Page

Independent Travel
Panama
Languedoc Roussillon
Marrakesh & the Atlas Mountains
Bruges
The Jura Mountains
Dubrovnik & the Dalmatian Coast
Prices correct as of 17 September 2014
A roller-coaster tale from the 'voice of a generation'

Not That Kind of Girl:

A roller-coaster tale from 'voice of a generation' Lena Dunham
London is not bedlam or a cradle of vice. In fact it, as much as anywhere, deserves independence

London is not bedlam or a cradle of vice

In fact it, as much as anywhere, deserves independence
Vivienne Westwood 'didn’t want' relationship with Malcolm McLaren

Vivienne Westwood 'didn’t want' relationship with McLaren

Designer 'felt pressured' into going out with Sex Pistols manager
Jourdan Dunn: Model mother

Model mother

Jordan Dunn became one of the best-paid models in the world
Apple still coolest brand – despite U2 PR disaster

Apple still the coolest brand

Despite PR disaster of free U2 album
Scottish referendum: The Yes vote was the love that dared speak its name, but it was not to be

Despite the result, this is the end of the status quo

Boyd Tonkin on the fall-out from the Scottish referendum
Manolo Blahnik: The high priest of heels talks flats, Englishness, and why he loves Mary Beard

Manolo Blahnik: Flats, Englishness, and Mary Beard

The shoe designer who has been dubbed 'the patron saint of the stiletto'
The Beatles biographer reveals exclusive original manuscripts of some of the best pop songs ever written

Scrambled eggs and LSD

Behind The Beatles' lyrics - thanks to Hunter Davis's original manuscript copies
'Normcore' fashion: Blending in is the new standing out in latest catwalk non-trend

'Normcore': Blending in is the new standing out

Just when fashion was in grave danger of running out of trends, it only went and invented the non-trend. Rebecca Gonsalves investigates
Dance’s new leading ladies fight back: How female vocalists are now writing their own hits

New leading ladies of dance fight back

How female vocalists are now writing their own hits
Mystery of the Ground Zero wedding photo

A shot in the dark

Mystery of the wedding photo from Ground Zero
His life, the universe and everything

His life, the universe and everything

New biography sheds light on comic genius of Douglas Adams
Save us from small screen superheroes

Save us from small screen superheroes

Shows like Agents of S.H.I.E.L.D are little more than marketing tools
Reach for the skies

Reach for the skies

From pools to football pitches, rooftop living is looking up
These are the 12 best hotel spas in the UK

12 best hotel spas in the UK

Some hotels go all out on facilities; others stand out for the sheer quality of treatments