UK Chancellor Hunt meets top UK bank heads over plans to boost City
23rd Jan 2024 12:37
(Alliance News) - Jeremy Hunt has met the UK's biggest banks as part of efforts among the government to boost interest in the City. Read More
(Alliance News) - Jeremy Hunt has met the UK's biggest banks as part of efforts among the government to boost interest in the City. Read More
Restaurant Group PLC - London-based restaurant operator, including Wagamama chain - Takeover by Rock Bidco Ltd, a special purpose vehicle owned by funds managed by Apollo Global Management Inc affiliates, becomes effective after scheme of arrangement is sanctioned on Wednesday. The 65 pence per share offer from New York-based asset manager Apollo valued Restaurant Group at GBP701 million. Shares are suspended from trading in London from Thursday morning, cancellation is expected to take effect from the market open on Friday. Restaurant Group board members step down, effective immediately, including Chair Ken Hanna. Chief Executive Officer Andy Hornby and Chief Financial Officer Mark Chambers will retain their positions. Read More
Restaurant Group PLC - London-based restaurant operator, including Wagamama noodle shop chain - Court in Edinburgh sanctions scheme of arrangement for Restaurant Group's acquisition by Rock Bidco Ltd, a special purpose vehicle of funds managed by Apollo Global Management Inc. The effective date of the scheme is expected to be on Thursday. Apollo is a New York-based alternative asset manager. Its offer of 65 pence per Restaurant Group share in cash back in October valued the equity of Restaurant Group at GBP506 million and the company as a whole, including debt, at an enterprise value of GBP701 million. Some London analysts considered the bid too low, and Wheel Topco Ltd, the owner of PizzaExpress Group Ltd, considered a rival bid before backing off in November. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
Restaurant Group PLC - London-based restaurant chain operator, owner of Wagamama and Frankie & Benny's - Wheel Topco Ltd, owner of PizzaExpress Group Ltd, confirms that it will not make an offer for Restaurant Group "due to market conditions". Wheel Topco agreed in October to a takeover by New York-based Apollo Global Management for just over GBP500 million in cash, or 65 pence per TRG share. In late October it confirmed that Wheelco was considering making a rival offer and had sent a diligence request, in response to a Sky News report which claimed other potential counter-bidders were also considering offers. Read More
(Alliance News) - Stock prices in London closed down on Thursday as investors reacted negatively to the European Central Bank's warning that it would be "totally premature" to discuss interest rate cuts. Read More
(Alliance News) - Restaurant Group PLC on Thursday confirmed that the Pizza Express owner has taken interest in a takeover of the company. Read More
(Alliance News) - Stock prices in London were lower at midday Thursday, ahead of key data from the US, and a European Central Bank interest rate decision. Read More
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday. Read More
(Alliance News) - The FTSE 100 is set to open lower on Thursday, as investors nervously look ahead to a key interest rate decision from the European Central Bank, and US economic growth data. Read More
(Alliance News) - Pizza Express is potentially considering a surprise move to gatecrash a takeover of Restaurant Group PLC, the owner of Wagamama. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning: Read More
(Alliance News) - Stocks in London are called lower on Tuesday, as uncertainty over developments in the Middle East weighs on sentiment. Read More
(Alliance News) - Stock prices in Europe closed mixed on Thursday, ending off session highs as equities in New York came under pressure following a more robust than expected US inflation reading. Read More
(Alliance News) - Stock prices in London were on the up heading into Thursday afternoon, as rising Crude prices supported oil majors, and developments in China lifted miners, while the pound gave back some progress against the dollar ahead of a key US inflation. Read More
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday. Read More
(Alliance News) - Stock prices in London opened higher on Thursday, as data showed the UK economy returned to growth, and investors increasingly price in the prospect that US interest rates have peaked. Read More
(Alliance News) - Restaurant Group PLC on Thursday said it has agreed to be acquired by funds managed by private equity firm Apollo Global Management Inc, soon after itself having sold off an underperforming business. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday: Read More
(Alliance News) - The FTSE 100 ended in the green on Monday, lifted by a rally among mining stocks after data over the weekend provided some positive news for China's troubled economy. Read More