Monthly Archives: April 2018

Cotton Traders in line for new owner

The founders of Cotton Traders are understood to be in talks over a deal to offload the clothing chain to the owners of Sale Sharks rugby club. Former England rugby players Fran Cotton and Steve Smith have been negotiating with […]

Allied Healthcare signals financial difficulties with rescue plan for creditors

Allied Healthcare, one of the UK’s biggest providers of home care for old and vulnerable patients, has said it will approach creditors for a rescue plan. More than 13,000 people rely on the firm’s services and it holds contracts with […]

Stars Group set to buy Sky Bet brand in £3bn deal

Stars Group, the Canadian gambling giant, has agreed to buy Sky Betting and Gaming in a deal worth $4.7bn (£3.36bn), creating the largest publicly listed online gaming company in the world. The Toronto and Nasdaq-listed company, which owns PokerStars, announced […]

Carlyle positions for possible Prezzo takeover through debt

US private equity firm Carlyle Group is positioning itself to possibly wrest control of Prezzo, as the troubled restaurant chain negotiates with creditors to secure some breathing room on its debt covenants. Carlyle has bought more than a third of […]

Less than half of KFC sites have full menu months after delivery fiasco

Less than half of KFC’s 900 restaurants are offering customers a full menu over two months after the fast food chain was hit by chicken delivery problems. KFC was forced to shut nearly 700 restaurants in February after a disastrous […]

As jobs cuts and closures spread across the UK car industry, what’s going on under the bonnet?

James Baggott, editor-in-chief of Car Dealer magazine and a man who is plugged in to what the feeling is on car sales forecourts across the country is concerned. “It feels like 2008 all over again: I’m worried the industry’s being […]

10-year Treasury yield surges to highest level since early 2014

The 10-year Treasury yield hit its highest level since January 2014, nearing the critical 3pc milestone, on signs the US Federal Reserve looks set to hike interest rates at least two more times this year. The yield on the 10-year […]

Market report: Fidessa buoyed by Ion’s victory after heated takeover battle

City software firm Fidessa has ditched a deal with banking software supplier Temenos in favour of Dublin-based Ion Investment, which bid £1.5bn for the group. The two sides agreed to a deal just hours before a 5pm deadline in which […]

Ion beats rivals to Fidessa with £1.5bn offer

The heated takeover battle for City software firm Fidessa has come to a head after Dublin-based Ion Investment beat off its two rivals with a £1.5bn bid. The move, which was agreed just hours before Ion and rival bidder SS&C […]