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.
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Prices correct as of 17 October 2014
Isis in Syria: A general reveals the lack of communication with the US - and his country's awkward relationship with their allies-by-default

A Syrian general speaks

A senior officer of Bashar al-Assad’s regime talks to Robert Fisk about his army’s brutal struggle with Isis, in a dirty war whose challenges include widespread atrocities
‘A bit of a shock...’ Cambridge economist with Glasgow roots becomes Zambia’s acting President

‘A bit of a shock...’ Economist with Glasgow roots becomes Zambia’s acting President

Guy Scott's predecessor, Michael Sata, died in a London hospital this week after a lengthy illness
Fall of the Berlin Wall: History catches up with Erich Honecker - the East German leader who praised the Iron Curtain and claimed it prevented a Third World War

Fall of the Berlin Wall

History catches up with Erich Honecker - the East German leader who praised the Iron Curtain and claimed it prevented a Third World War
How to turn your mobile phone into easy money

Turn your mobile phone into easy money

There are 90 million unused mobiles in the UK, which would be worth £7bn if we cashed them in, says David Crookes
Independent writers remember their Saturday jobs:

Independent writers remember their Saturday jobs

"I have never regarded anything I have done in "the media" as a proper job"
Lyricist Richard Thomas shares his 11-step recipe for creating a hit West End musical

11-step recipe for creating a West End hit

Richard Thomas, the lyricist behind the Jerry Springer and Anna Nicole Smith operas, explains how Bob Dylan, 'Breaking Bad' and even Noam Chomsky inspired his songbook for the new musical 'Made in Dagenham'
Tonke Dragt's The Letter for the King has finally been translated into English ... 50 years on

Buried treasure: The Letter for the King

The coming-of-age tale about a boy and his mission to save a mythical kingdom has sold a million copies since it was written by an eccentric Dutchwoman in 1962. Yet until last year, no one had read it in English
Can instilling a sense of entrepreneurship in pupils have a positive effect on their learning?

The school that means business

Richard Garner heads to Lancashire, where developing the 'dragons' of the future is also helping one community academy to achieve its educational goals
10 best tablets

The world in your pocket: 10 best tablets

They’re thin, they’re light, you can use them for work on the move or keeping entertained
Lutz Pfannenstiel: The goalkeeper who gave up Bayern Munich for the Crazy Gang, Bradford and a whirlwind trawl across continents

Lutz Pfannenstiel interview

The goalkeeper who gave up Bayern Munich for the Crazy Gang, Bradford and a whirlwind trawl across continents
Pete Jenson: Popular Jürgen Klopp can reignite Borussia Dortmund’s season with visit to Bayern Munich

Pete Jenson's a Different League

Popular Klopp can reignite Dortmund’s season with visit to Bayern
John Cantlie video proves that Isis expects victory in Kobani

Cantlie video proves that Isis expects victory in Kobani

The use of the British hostage demonstrates once again the militants' skill and originality in conducting a propaganda war, says Patrick Cockburn
The killer instinct: The man who helps students spot potential murderers

The killer instinct

Phil Chalmers travels the US warning students how to spot possible future murderers, but can his contentious methods really stop the bloodshed?
Clothing the gap: A new exhibition celebrates women who stood apart from the fashion herd

Clothing the gap

A new exhibition celebrates women who stood apart from the fashion herd
Fall of the Berlin Wall: Goodbye to all that - the lost world beyond the Iron Curtain

The Fall of the Berlin Wall

Goodbye to all that - the lost world beyond the Iron Curtain