Pinewood reels in big budget films
24th Aug 2011 08:14
Film studio Pinewood Shepperton reported first half profits identical to last year and said it was seeing good demand from big budget film and TV productions despite economic uncertainty. The firm posted pre-tax profits of £1.5m on revenues of £26.1m, up from £19m in 2010. Film revenues for the si
Read moreFriday newspaper round-up: Southern Cross, Groupon, Moody's on US
3rd Jun 2011 06:02
The man who made £13m from Southern Cross believes that ministers should let the care home business fail and says that board directors must share blame for the company's plight. In an interview with The Times, Philip Scott, who built the company into the biggest elderly care provider, also accused i
Read morePinewood recommends improved offer
27th Apr 2011 15:17
Pinewood Shepperton, the film studio used for the James Bond and Harry Potter films, has recommended an improved offer from its largest shareholder, Peel Group, valuing the firm at £96.1m. Peel, which owns just under 30% of the film company, has upped its offer from 190p to 200p cash per Pinewood s
Read moreThursday newspaper round-up: BT, Prudential, HSBC
21st Apr 2011 06:06
The Government could suspend the internet accounts of illegal downloaders after a challenge to new laws was overturned in the High Court. Justice Kenneth Parker rejected an appeal by BT and TalkTalk which claimed that the Digital Economy Act 2010 was seriously flawed and 'incompatible' with European
Read morePinewood receives another bid offer
20th Apr 2011 07:48
Pinewood Shepperton today confirmed that it had received another bid offer not even two weeks after a takeover approach from its biggest shareholder. Peel Holdings made a 190p a share approach for the company after the close of trading on Friday 8 April, sending its shares up sharply. Today the
Read moreLondon close: Flat finish despite banks' advance
11th Apr 2011 16:54
The top share index was seeking direction all day Monday even as banks advanced following the publication of changes proposed for the sector by the Independent Commission on Banking (ICB). While Lloyds Banking had a grumble about the ICB's recommendation that it should have to sell more than 600 br
Read morePinewood Shepperton receives bid
11th Apr 2011 14:20
Pinewood Shepperton, the film studios used for the James Bond films, has received a takeover approach from its biggest shareholder. Peel Holdings made a 190p a share approach for the company, Pinewood announced after the close of trading on Friday, after a sharp rise in its share price. The shares
Read moreLondon afternoon: Burberry eases after third quake
11th Apr 2011 14:15
The Independent Commission on Banking (ICB) has issued its interim report on changes proposed for the sector, and while Lloyds Banking has had a grumble about the ICB's recommendation that it should have to sell more than 600 branches, the market's reaction is that the report looks favourable for th
Read moreThursday tips round-up: Prudential, Tullow, Restaurant Group
10th Mar 2011 06:26
When Tidjane Thiam faced shareholders at Prudential's annual meeting last June, few would have wagered on him still being the company's chief executive nine months later, as resentment over the company's failed $35.5bn (£21.8bn) deal for AIA intensified. Mr Thiam seemed focused on the future yesterd
Read moreWednesday tips round-up: Antofagasta, Weir, Inchcape...
9th Mar 2011 06:48
Copper miner Antofagasta already trades at "considerably higher multiples than those of Kazakhmys or indeed the major diversified miners", according to brokers. Given that, it is not a buy but the company's strengths and the confidence evidenced by the special dividend means this is not a sell say
Read moreFilm makers flock to Pinewood
8th Mar 2011 13:39
Film studio Pinewood Shepperton saw profit before tax improve by almost a third last year and has rewarded shareholders with a hike in the full year dividend to 3.60p from 3.45p. The company, which came under fire last year from activist shareholder Crystal Amber for underperformance, saw revenue i
Read moreCrystal Amber held back by JJB
13th Sep 2010 16:46
AIM-quoted activist investment company Crystal Amber Fund Ltd made gains on a number of stakes in the year to June 2010 but a poor performance from JJB Sports has held back Crystal's NAV. The NAV was 115.5p a share at the end of June 2010, barely 1% higher than one year before. The share price is
Read moreWednesday's newspaper round-up: Budget cuts, BP, AstraZeneca
30th Jun 2010 06:42
George Osborne's austerity budget will result in the loss of up to 1.3m jobs across the economy over the next five years according to a private Treasury assessment of the planned spending cuts. Unpublished estimates of the impact of the biggest squeeze on public spending since the second world war
Read moreUK SMALLCAP ROUNDUP: E-Therapeutics Seeks Pharma Alliances
29th Jun 2010 16:00
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps E-THERAPEUTICS PLC (ETX.LN), a U.K. drug developer, said Tuesday its focus this year and next will be on clinical trials of its experimental medicines an
Read moreUK SMALLCAP ROUNDUP: Chloride Up As Emerson Trumps ABB
29th Jun 2010 12:30
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps EMERSON ELECTRIC CO. (EMR), a U.S. power and industrial-automation company, Tuesday returned with a sweetened offer to buy CHLORIDE GROUP PLC (CHLD.LN) f
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