Board of BlackRock Hedge Fund Selector considering liquidation

Posted On Jul 13 2021 by

first_imgThursday 20 November 2014 8:48 pm Ollie Gordon More From Our Partners Supermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org whatsapp MONOLITH US investment manager BlackRock is considering closing its £34m BlackRock Hedge Selector trust as it nears the end of a shareholder consultation, the company said in a statement yesterday.The board of the trust – formerly run by fund manager Richard Plack­ett – started the consultation in early September to review the trust’s investment objective and the policy of its existing share class.Towards the end of the consult­ation period, the board received a proposal from a third party regarding a new investment strategy. The board is now considering the feasibility of the proposals, but if it fails to convince, the board will recommend the liquidation of the trust. The statement said: “In the event that this feasibility review concludes that the proposals are not a viable option for the company, the board intends to propose to shareholders that the company be wound up and investors will receive exit proceeds equivalent to NAV less the costs of liquidation.”The board will announce it decision no later than 19 Decem­ber, the statement added.Launched in September 2009, BlackRock Hedge Selector is a closed-ended investment company incorporated in Jersey. Board of BlackRock Hedge Fund Selector considering liquidation center_img Tags: NULL by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May Likezenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorLoan Insurance WealthDolly Parton, 74, Takes off Makeup, Leaves Us With No WordsLoan Insurance WealthPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramElite HeraldKate Middleton Just Dropped An Unexpected Baby BombshellElite Herald Show Comments ▼ whatsapp Sharelast_img read more


Royal Mail share price drops as Ofcom says the postal service “isn’t under threat”

Posted On Jul 13 2021 by

first_img Tuesday 2 December 2014 5:16 am Tags: Company Royal Mail Share The UK’s postal service is not under threat, Ofcom has said, delivering a blow for Royal Mail, whose boss Moya Green told MPs it faced competitors which made a universal service “unfinanceable and uneconomic”.Shares in the newly-privatised Royal Mail fell 3.2 per cent in mid-morning trading, after it emerged its complaints competitors were undercutting it by “cherry-picking” more lucrative delivery areas, while it was forced to ensure universal delivery, had fallen on deaf ears. Now Ofcom has ruled the firm’s remit to deliver a universal postal service is not under threat however the regulator will open a broader investigation into Royal Mail’s ability to deliver the universal service, including its efficiency and its parcel delivery performance.Shares in Royal Mail opened more than two per cent down this morning after Ofcom said the competitive environment, with Whistl its largest rival, is likely to provide Royal Mail with a further incentive to become more efficient. “Continued progress on efficiency is crucial if the universal postal service is to be financially sustainable in the longer term,” said Ofcom.In Ofcom’s overall monitoring of the postal sector, which it took responsibility for in 2011, it found Royal Mail’s performance was improving, however the rate of progress was flat on previous years and below Royal Mail’s own targets, while it was losing volumes in the parcel delivery sector.The regulator has also proposed new rules on prices which will mean Royal Mail’s varying charges to competitors for the ability to make deliveries across its network based on locations must be tied to Royal Mail’s own costs.”The new rules would allow Royal Mail to set fair prices for access services in different parts of the country based on the costs of delivery in those areas, allowing Royal Mail to make a fair profit on all ‘access’ letters regardless of where they are being delivered.”The broader review will be concluded next year, while Ofcom did not rule out a further review of competition next year as it would “continue to monitor carefully any risks that may arise and, if necessary, will act accordingly,” said Ofcom boss Ed Richards.“Ofcom’s board has considered all the evidence in the postal market carefully over the past few months. We have concluded that there is no present risk to the financial sustainability of the universal service. This conclusion is based on Royal Mail’s own business plan and evidence as well as a range of other data,” added Richards.  whatsappcenter_img Royal Mail share price drops as Ofcom says the postal service “isn’t under threat” Show Comments ▼ whatsapp Lynsey Barber last_img read more


Guys just wanna have fun

Posted On Jul 13 2021 by

first_img whatsapp Show Comments ▼ Express KCS Guys just wanna have fun JLL’s boss tells Kasmira Jefford why his firm is anything but dullGUY Grainger has something he needs to get off his chest. It seems that some people might think that property and property advisory companies like JLL are, well, let’s say a little bit… dull. “People often say that to me and I think: hold on a second – where do you work and is it an exciting workplace that you are in? Because we help design workplaces. And then I ask them what is their favourite shop? I used to do lots of work for Hamleys and, how exciting is that?”With his impeccable dress sense and his steel blue eyes, JLL’s UK chief executive is usually the epitome of calm. But today, at the firm’s West End offices, he is suitably excited as he rattles off a list of projects – from advising fashion retail Superdry to acting for the developers of Battersea Power Station and the Shard – to prove that the New York-listed firm is anything but boring.The 47-year-old Vespa-loving triathlete and self-confessed shopaholic, which he blames on years of working in retail property, was appointed chief executive two years ago and has been set on overhauling the UK business, which he felt was “too traditional”. JLL’s revamped offices at Warwick Street, completed in November, were the first thing to change. The sleek conference rooms are equipped with Apple TVs. The first floor has been given over to a new “creative zone” with a coffee shop and bouncy sofas. A bike used by Bradley Wiggins during one leg of the Tour de France hangs on the wall – Grainger’s own possession – which he says he chose to display as a of symbol of achievement.Certainly, one of his successes so far has been to grow JLL’s smaller residential arm, which last year only accounted for around 10 per cent of its UK arm. Office rentals represent around 15 per cent, retail 10 per cent and the rest taken up by property investment and management.In October, he made his first acquisition, buying out the 140-year-old estate agency WA Ellis and giving JLL access to sales and lettings in London’s prime postcodes of Knightsbridge, Kensington and Chelsea. London’s luxury market cooled last year after several years of soaring price growth. However, Grainger is confident that there is still growth yet to be enjoyed over the long-term in both the prime, and wider London market.“There is such an undersupply that we look quite long term on residential in London. We knew that the percentage growth we have had over the last few years was definitely not sustainable. But in terms of the long-term investment, the sector is looking robust.”With the regional markets also set to enjoy further growth this year, JLL made its second timely acquisition last week, snapping Mazars’ Birmingham-based property consultancy arm. “We are focused on where the new developments can take place and following the land,” he says. The commercial occupier market is another area that Grainger is keen to grow JLL’s presence in. With little new office space to be found in central London and prices at record high, Grainger sees new emerging areas like Stratford, Croydon and Silvertown becoming the next office districts. “There is some really interesting place-making coming through outside of the core, which is really exciting. With crossrail, you will see core London and the office district spreading out,” he says. With so much work to be done no one could say that life for JLL’s chief executive will be dull. Sunday 11 January 2015 10:59 pmcenter_img More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comWhy people are finding dryer sheets in their mailboxesnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com Share Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoHero WarsAdvertisement This game will keep you up all night!Hero WarsUndoTele Health DaveRemember Pierce Brosnan’s Wife? 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Lombard Odier’s asset manager drafts in CERN Model architect

Posted On Jul 13 2021 by

first_img Express KCS Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe Wrap’Drake & Josh’ Star Drake Bell Arrested in Ohio on Attempted ChildThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapKatt Williams Explains Why He Believes There ‘Is No Cancel Culture’ inThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap Tags: NULL whatsapp whatsapp Lombard Odier Investment Managers (LOIM), the asset management arm of Swiss private banking giant Lombard Odier Group, yesterday announced it had recruited investment guru Theodore Economou to be the new chief investment officer (CIO) of its multi-asset business.Economou comes from serving as both chief executive and CIO at CERN Pension Fund, where over a five-year spell he developed his renowned risk-based approach, the CERN Model. Based in Geneva, Economou will be tasked with building on a similar approach that LOIM introduced for its employee pension fund in 2009 and developed for institutional clients. Economou will report to LOIM’s CIO Jan Straatman. Commenting on the appointment, Straatman said: “Theodore’s depth of experience running pension funds and his outstanding knowledge of their investment needs in building portfolios will be extremely valuable to our clients.” Share Show Comments ▼ Monday 19 January 2015 8:25 pm Lombard Odier’s asset manager drafts in CERN Model architect last_img read more


Window and door maker Eurocell sees shares surge on stock debut

Posted On Jul 13 2021 by

first_img Show Comments ▼ Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofBaked Sesame Salmon: Recipes Worth CookingFamily Proof by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekPsoriatic Arthritis | Search AdsWhat Is Psoriatic Arthritis? See Signs (Some Symptoms May Surprise)Psoriatic Arthritis | Search AdsForbesThese 10 Colleges Have Produced The Most Billionaire AlumniForbeszenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesComedyAbandoned Submarines Floating Around the WorldComedyNoteableyKirstie Alley Is So Skinny Now And Looks Like A BarbieNoteableyGameday NewsNBA Wife Turns Heads Wherever She GoesGameday News Tags: NULL SHARES in Eurocell traded up yesterday after the window and door maker’s debut on the London Stock Exchange.The Derbyshire-based firm, spun off by private equity group H2 Equity Partners, priced its shares at 175p, valuing it at £175m. But the company’s shares closed up 6.6 per cent at 186.62p.“We have been delighted by investor demand through the initial public offer process and now look forward to life as a quoted company,” Patrick Bateman, chief executive of Eurocell, said.“Eurocell’s listing on the London Stock Exchange delivers a strong platform to build on the considerable success the business has already achieved.”Eurocell sold about 52.4m of its share capital in the stock market flotation, enabling it to raise around £91.7m. The shares issued represent 52.4 per cent of its existing share capital. Canaccord Genuity acted as the sponsor and sole bookrunner, Peel Hunt as co-lead manager and Rothschild as financial adviser.The company recorded sales of £173m and operating profit of £20m in the 12 months to December.The directors intend to target an annual dividend of close to 40 per cent of profits after tax.BEHIND THE DEALCANACCORD GENUITY | COLIN CHRISTIE1 Christie is a 20-year banking veteran and currently managing director at Canaccord, heading the industrials team. 2 He previously worked on the Polypipe IPO, as well as the sale of Hamworthy to Wartsila and Converteam to GE. 3 Before joining Canaccord in 2011, Christie was a senior managing director at UBS working in New York and London.Also advising…Peel Hunt as co-lead manager with Dan Webster, Jock Maxwell Macdonald and Richard Brown and Rothschild as Financial adviser with Jonathan Finn and Greg Cant. Express KCS center_img whatsapp Share Window and door maker Eurocell sees shares surge on stock debut Wednesday 4 March 2015 8:41 pm whatsapplast_img read more


Andrew Haldane: Bank of England must “stand ready” to cut interest rates if outlook for deflation markedly worsens

Posted On Jul 13 2021 by

first_img whatsapp Show Comments ▼ Jessica Morris Share whatsapp Thursday 19 March 2015 10:42 am The Bank of England’s chief economist has said it must “stands ready” to cut record-low interest rates further, if the risk of the economy falling into a prolonged period of deflation intensifies.”In my view, that means policy needs to stand ready to move off either foot in the period ahead to meet the symmetric inflation targeting,” Andrew Haldane said at a speech during the BizClub lunch. His comments took the markets by surprise, and the pound slipped to a day’s low against the dollar of $1.4762. Minutes from the committee’s last meeting had appeared to suggest less talk of looser monetary policy.”The minutes of the February monetary policy committee meeting had reported that “for one member, the next change in the stance of monetary policy was roughly as likely to be a loosening as a tightening,” Howard Archer, chief economist at IHS said.”However, the minutes of the March monetary policy committee meeting had dropped the reference to one monetary policy committee member seeing the chances of an interest rate hike or cut being evenly balanced.”Haldane said inflation, which is languishing at the lowest on current records, had dropped “like a stone over the past year. It’s just 0.3 per cent, way below the Bank of England’s target of two per cent.”One the monetary policy committee’s central view, inflation will remain close to zero in the near-term, before rising to reach the inflation target over a two-year horizon,” he said.”The risks to inflation at that horizon are plainly two-sided … but my personal view is that these risks are skewed to the downside.”Policymakers had voted to hold rates at a record low 0.5 per cent for the sixth consecutive year this month. Minutes released later showed rate-setters believed divergent monetary policy trends, and a strengthening economy, could further strengthen the pound. This would have negative implications for the economy. Tags: Bank of England UK interest rates Andrew Haldane: Bank of England must “stand ready” to cut interest rates if outlook for deflation markedly worsens by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekForbesThese 10 Colleges Have Produced The Most Billionaire AlumniForbeszenherald.com20 Rules Genghis Khan’s Army Had To Live Byzenherald.comMoguldom NationFather Of 2 Sues Los Angeles Hospital After Wife Dies During ChildbirthMoguldom NationFinancial 10See The Wife Of The World’s Richest BillionairesFinancial 10NoteableyKirstie Alley Is So Skinny Now And Looks Like A BarbieNoteableyMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesHigh TallyThe US Built A New Submarine The World Is Afraid OfHigh Tallylast_img read more


Driving into the future without a driver

Posted On Jul 13 2021 by

first_imgWednesday 25 March 2015 9:38 pm Share Express KCS Show Comments ▼ whatsapp whatsapp More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comcenter_img Driving into the future without a driver Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekUndoForbesThese 10 Colleges Have Produced The Most Billionaire AlumniForbesUndozenherald.com20 Rules Genghis Khan’s Army Had To Live Byzenherald.comUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndoNoteableyKirstie Alley Is So Skinny Now And Looks Like A BarbieNoteableyUndoFinancial 10See The Wife Of The World’s Richest BillionairesFinancial 10UndoComedyAbandoned Submarines Floating Around the WorldComedyUndoDefinitionThe Most Famous Movie Filmed In Every U.S. StateDefinitionUndo DRIVERLESS cars are set to create 320,000 jobs in the UK by 2030, according to the Society for Motor Manufacturers and Traders and consultants KPMG. The vehicles are also expected to provide a £51bn boost to the economy, as well as saving up to 2,500 lives. Tags: NULLlast_img read more


Finland’s new government will face these economic headwinds

Posted On Jul 13 2021 by

first_img Tags: NULL Nervous investors today have one eye on Greece and the other one on … Finland.Today Finn’s are going to the polls to elect a new governments. It’s widely expected to be led by the liberal Center Party. It’s also likely to include participants from Prime Minister Alex Stubb’s National Coalition Party (Kokoomus) as well as the Social Democrats. But anxiety is stemming from the potentially prominent role which could be awarded to the euro-skeptic Finns Party. It doesn’t look like Finland is going to leave the Eurozone just yet, and nor is it experiencing a funding crisis, however the increased power of this party within its government could mean decision-making becomes a lot harder over at Brussels.The key source of contention will be the country’s stagnating economy which has taken center stage throughout the election campaigns.The economy has failed to regain its footing following the fall-out from the Eurozone sovereign debt crisis, suffering slow growth rates, topped off by a three-year recession.However it’ll receive a small boost this year. Monetary magic over at the European Central Bank- in the form of Draghi’s unprecedented €1.1bn bond-buying program – will no doubt help its case. As will low global oil prices, due to their ability to whittle down prices, and boost consumer spending.The root on Finland’s economic woes is its competitiveness problem, with wages generally rising at a time when the economy is slowing.The counter factual trend has persisted despite the fact its struggling counterparts in South Europe – such as Spain and Italy – have slashed wages, and also means its on par with the euro area’s strongest economy Germany.High labour costs have had an adverse effect on Finland’s exports sector. Rising wages have made it cheaper to manufacture, and subsequently sell, a product in one of its competitors in the euro area.But beneath this lies a deeper problem. Finland’s membership to the single currency has meant it cannot devalue its currency vis-a-vis its competitors consequently making exports cheaper.And another structural dilemma the country faces is its rapidly ageing population.This, alongside rising wages, has hit the country’s unemployment rate which is currently 10.1 per cent. It’s persisted despite government steps such as hiking the retirement age and letting young people start work earlier. Sunday 19 April 2015 6:01 am Finland’s new government will face these economic headwinds Share More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.comWhite House Again Downplays Fourth Possible Coronvirus Checkvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgInstitutional Investors Turn To Options to Bet Against AMCvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org whatsapp Jessica Morris whatsapp Show Comments ▼last_img read more


CVC makes bid for Douglas as float put on ice

Posted On Jul 13 2021 by

first_img Express KCS CVC makes bid for Douglas as float put on ice whatsapp Tags: NULL Share Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe Wrap’Drake & Josh’ Star Drake Bell Arrested in Ohio on Attempted ChildThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe Wrap’Kevin Can F**k Himself’ TV Review: Annie Murphy Blows Up the Idea of aThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The WrapKatt Williams Explains Why He Believes There ‘Is No Cancel Culture’ inThe Wrap Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekUndoPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunUndoInvestment GuruRemember Cote De Pablo? Take A Deep Breath Before You See Her NowInvestment GuruUndoForbesThese 10 Colleges Have Produced The Most Billionaire AlumniForbesUndoComedyAbandoned Submarines Floating Around the WorldComedyUndoEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorUndoTotal PastAfter Céline Dion’s Major Weight Loss, She Confirms What We Suspected All AlongTotal PastUndoOpulent ExpressHer Quadruplets Were Born Without A Hitch. Then Doctors Realized SomethingOpulent ExpressUndocenter_img whatsapp Show Comments ▼ CVC CAPITAL Partners has struck a deal with Advent International to acquire German perfume retailer Douglas.The move comes just days after the German retailer announced plans for an initial public offering (IPO) which, had it gone ahead, could have seen the firm valued at €2.8bn (£2bn). As well as negotiating the deal with Advent International, approval was also granted by the Kreke family who originally founded Douglas, and who stated their intention to reinvest in the firm through a joint venture with CVC.Soren Vestergaard-Poulsen, managing partner at CVC, said: “We are delighted to have come to an agreement to acquire Douglas together with the Kreke family. Douglas is a market leader with attractive growth prospects due to its strong management team, extensive store network, leading online presence and dedicated employees.”The company, founded in Hamburg in 1821, currently owns more than 1,700 stores across 19 countries throughout Europe. It recorded pro-forma annual sales of around €2.5bn in fiscal year 2013-2014. Monday 1 June 2015 8:33 pmlast_img read more


Ocado confident of closing first deal with international retailer

Posted On Jul 13 2021 by

first_img whatsapp Tags: NULL Show Comments ▼ Share Tuesday 30 June 2015 8:30 pm More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgWhite House Again Downplays Fourth Possible Coronvirus Checkvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgInstitutional Investors Turn To Options to Bet Against AMCvaluewalk.com whatsapp OCADO said yesterday it was confident of signing its first deal with an international retailer this year, after delivering better-than-expected first half sales. The online grocer’s shares rose more than 15 per cent in June on hopes that it would announce a deal alongside its results.They fell in early morning trading as a deal evaded hopeful investors, before closing flat at 430.30p.Chief executive Tim Steiner said it is in talks with several retailers and some “at a very detailed level”.Despite intense price competition in the UK’s supermarket sector, Ocado enjoyed a 15.7 per cent rise in gross retail sales to £511.9m in the 24 weeks ended 17 May.Core earnings rose 11.4 per cent to £38.2m – ahead of forecasts. Express KCS Ocado confident of closing first deal with international retailer last_img read more