Usurper Greene King snaps up Capital Pub
19th Jul 2011 07:10
After a fractious courtship with Fuller Smith & Turner, London-based pub group Capital Pub Company has fallen into the arms of rival pub group Greene King, which has agreed to pay 235p a share for Capital. The agreed offer, which values Capital Pub at about £70m, is substantially ahead of the 200p
Read moreTakeover panel gives Fuller's till Aug 1
4th Jul 2011 16:45
London-focused pubs owner and brewer Fuller, Smith and Turner has been given until 5pm on 1 August to announce whether it is going to launch a bid for smaller rival, The Capital Pub Company. Fuller's made two approaches to the Capital board earlier this year to discuss a takeover, both of which wer
Read moreFuller's picks holes in Capital Pub brush-off
22nd Jun 2011 08:19
Pub group Fuller, Smith and Turner has taken a magnifying glass to smaller rival The Capital Pub Company's full-year results and identified several issues that it thinks should persuade Capital shareholders to accept its rebuffed bid. Capital, which runs more than 30 pubs in the London area, last w
Read moreTop-up needed, Capital tells Fuller's
21st Jun 2011 08:04
Bid target The Capital Pub Company added a few million quid to its price tag after a set of sparkling full year results. Revenue rose 24% to £27.2m in the 52 weeks to 26 March from £22.0m the year before, with like-for-like sales topping 7%. Sales were bang in line with market expectations. Adjust
Read moreLondon midday: Stocks fight back on Eurozone hopes
17th Jun 2011 12:03
The leading share index has hauled itself into positive territory as hopes rise that European leaders will bring the Greek debt situation to a resolution. Germany's Angela Merkel and France's Nicolas Sarkozy called on a new rescue package to be agreed upon as quickly as possible. In corporate news
Read moreLondon open: More losses as Greek crisis continues
17th Jun 2011 08:30
Share prices continue to head south as the Greek debt crisis rumbles on. Sentiment has not been helped by comments from Alan Greenspan, former Federal Reserve chairman, who said that Greece is "almost certain" to default on its loans which would push the US economy towards recession. In corporate n
Read moreCapital Pub now 'in play', says Peel Hunt
17th Jun 2011 08:04
Although it has sent Fuller's away with a flea in its ear after the London Pride brewer made two bid approaches, London-based pub operator Capital Pub Company is now 'in play', according to broker Peel Hunt. Fuller's, which operates in London and the Southeast of England, said it wrote to Capital'
Read moreLondon close: ENRC leads FTSE 100 slide
10th Jun 2011 16:26
The top share index slid below the 5,800 point mark heading into the weekend. ENRC, the Kazakh resources giant, was nursing heavy losses by the close of play. The company is set to lose a third independent board director according to reports in the Financial Times. The loss of Mehmet Dalman would
Read moreLondon midday: FTSE 100 still in the red
10th Jun 2011 12:02
The top share index is slightly in the red again after an earlier rally faltered. Housebuilder Bellway is in demand after it said it is well positioned to deliver operating margin and volume growth if market conditions remain unchanged following a return to a more normal reservation pattern and a h
Read moreLondon open: Stocks edge lower
10th Jun 2011 08:17
Shares have edged slightly lower on a quiet day on the company news front. Economic resilience in the southeast of England helped brewer and pub operator Fuller, Smith and Turner post a strong rise in profits in the year to 2 April. The company, whose pubs only stretch as far north as the Midlands,
Read moreLondon pre-open: Stocks to retreat after rally
10th Jun 2011 07:38
Stocks are expected to give back some gains on a typically quiet Friday on the company news front. Economic resilience in the southeast of England helped brewer and pub operator Fuller, Smith and Turner post a strong rise in profits in the year to 2 April. The company, whose pubs only stretch as f
Read moreSoutheast focus lifts Fuller's
10th Jun 2011 07:05
Economic resilience in the southeast of England helped brewer and pub operator Fuller, Smith and Turner post a strong rise in profits in the year to 2 April. The company, whose pubs only stretch as far north as the Midlands, saw adjusted pre-tax profits rise by 10% from the previous year to £29.3m
Read moreIndus Gas chief exec raises nearly £126m
31st Jan 2011 17:04
The chief executive of one of the largest companies on AIM has raised nearly £126m from a share sale. Not much more than 10% of the companies on AIM are valued at more than the amount raised by Indus Gas chief executive Ajay Kalsi. He sold 19.35m shares at 650p each. Indus joined AIM in June 2008
Read moreLondon close: Stocks fall as nervousness sets in
28th Jan 2011 16:51
Shares were nursing big losses by the end of the day as more gloomy economic figures stoked nervousness. Consumer stocks were under the cosh after UK consumer confidence in January slumped in January, as the VAT rise kicked in. Insipid weekly trading figures from department store group John Lewis h
Read moreLondon afternoon: Confidence blow for equities
28th Jan 2011 14:50
Leading shares are lower, with consumer stocks under the cosh after UK consumer confidence in January slumped in January, as the VAT rise kicked in. Insipid weekly trading figures from department store group John Lewis have not helped sentiment. The GfK NOP Consumer Confidence Index dropped eight p
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