Edition:
United Kingdom

Ben Martin

Weir launches sale of flow control business - sources

22 Oct 2018

LONDON British engineer Weir has launched the sale of its flow control business in a move that could value the supplier of pumps and valves at more than 300 million pounds ($389 million), according to sources with knowledge of the matter.

DS Smith to launch sale of plastics packaging unit in November

19 Oct 2018

FRANKFURT/LONDON British packaging group DS Smith is expected to launch the sale of its plastic packaging division in November, three sources familiar with the matter said, in a deal that could be worth around $800 million. Two of the sources said the division has earnings before interest, tax, depreciation and amortisation (EBITDA) of $80 million. The sources said financial sponsors were looking at the asset and that they are likely to receive information memorandums on the asset next month.

Melrose starts GKN break-up with launch of powder metallurgy sale - sources

19 Oct 2018

LONDON Turnaround specialist Melrose has fired the starting gun on a break-up of Britain's 250-year old GKN by launching a sale of the engineer's powder metallurgy business which could fetch around 1.5 billion pounds ($1.96 billion).

British regulator warns payday lenders over loans and compensation

15 Oct 2018

LONDON Britain's financial regulator has fired a warning shot at payday lenders amid a rise in complaints about unaffordable loans and following the collapse of Wonga earlier this year.

Patisserie Valerie owner warns of collapse without urgent capital injection

11 Oct 2018

LONDON The owner of Britain's Patisserie Valerie café chain warned on Thursday that it is in danger of collapse if it cannot urgently raise capital after discovering a potential accounting fraud.

Patisserie Valerie finds accounting errors, suspends CFO

10 Oct 2018

The owner of British café chain Patisserie Valerie was plunged into turmoil on Wednesday after discovering accounting irregularities and that tax authorities were pursuing its main trading arm for more than 1 million pounds ($1.3 million).

Britain's RPC gives rival suitors Apollo and Bain more time to bid

08 Oct 2018

LONDON Plastic packaging maker RPC Group said on Monday that it had given two private equity firms that are considering rival takeover offers more time to make bids.

Stada, buyout funds in race for Bristol-Myers' French business: sources

08 Oct 2018

LONDON German generic drugmaker Stada is vying with a group of European buyout funds for control of Bristol-Myers Squibb's French over-the-counter drugs business, sources familiar with the matter told Reuters.

Stada, buyout funds in race for Bristol-Myers' French business - sources

08 Oct 2018

LONDON, Oct 8 German generic drugmaker Stada is vying with a group of European buyout funds for control of Bristol-Myers Squibb's French over-the-counter drugs business, sources familiar with the matter told Reuters.

Consortium including billionaire Whittaker eyes possible bid for Intu

04 Oct 2018

LONDON A consortium including British billionaire John Whittaker and Canada's Brookfield Asset Management is considering a bid for Intu Properties , the 2 billion-pound shopping centre owner.

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