Sign up UNITED KINGDOM
Proactive Investors - Run By Investors For Investors

Press digest including ENRC, SEGRO and Rio Tinto

The Times

Pricier face of fashion scrubs up for a listing: The Private Equity Owners of Neiman Marcus will be hoping that the upmarket department store chain lives up to its “Needless Markup” nickname when they try to float it later in the year.

Network Rail Chiefs may get extra bonuses worth £10mln.

ENRC, the Kazakh miner, bows to £3bn takeover tabled by founders.

Billions of pounds of consumer-funded subsidies for offshore wind farms in Britain have ended up in the hands of foreign manufacturers.

Deal of the day: Synectics, which provides surveillance and security for casinos, trains and other industries, bought the four fifths of Coex Services Asia that it did not already own for as much as £2.1 million. 

The Daily Telegraph

Cruise industry boosts British economy by £2.5bn: It does more than just provide rest and recreation for hundreds of thousands of holidaymakers, the paper says. It also supports more than 66,000 jobs in the UK.

Segro plans European warehouse joint venture: Europe’s largest Owner of industrial property is in talks with one of Canada’s biggest pension funds to use most of its mainland Europe warehouses for a joint venture.

Raspberry Pi inventor joins silver medal table: The creator of the Raspberry Pi mini-computer and an inventor of an off-road wheelchair are among entrepreneurs who have been awarded a Silver Medal from the Royal Academy of Engineering.

Turf TV takes a punt on American racing: Punters in 10,000 UK betting shops will soon be able to watch racing from some of America’s top tracks after a profit-sharing deal between Turf TV and U.S. racecourse Owner Stronach Group.

The Guardian

Barclays to sell customer data: Barclays is to start selling information about 13 million customers’ spending habits to other companies, and has admitted it could share the data with government departments and MPs.

Delta cleared to complete purchase of 49% stake in Virgin Atlantic: Virgin and Delta have vowed to become a “formidable competitor” on UK-U.S. routes after the American airline was cleared to complete its purchase of a 49% stake of Sir Richard Branson’s Atlantic carrier.

The Independent

Boeing’s Dreamliner woes continued when, less than a week after a 787 was forced to land due to an engine problem, a second jet had to be diverted because of a mechanical glitch.

SABMiller’s Graham Mackay bags £14mln: the former chief executive was paid out last year after a lucrative share scheme paid up.

Daily Mail

Seven-figure sums lavished on Nationwide’s top brass thrown into spotlight as it grapples with £1 billion black hole in finances.

London’s City Airport defied downturn last year as revenues rose 7.3% to a record £85.2 million, fuelled by an influx of visitors for Olympics.

Daily Express

Rio Tinto’s diamonds business set in stone: More than a year after it reviewed its options, including selling its diamonds operations for up to £1.3bn, the FTSE 100 company said it had decided to retain them.


Disclaimer: Any  research has been produced by an independent third party provider.  Further details can be provided on request.  Guardian Stockbrokers Limited is authorised and regulated by the Financial Services Authority (FSA Ref: 492519).

Any report has been prepared using information available from public sources, which are believed to be reliable as at the date of this report.  However, Guardian Stockbrokers, its employees and its independent third party provider make no representation as to the accuracy or completeness of this report.  This report should therefore not be relied on as accurate or complete.  The facts and opinions on this report are subject to change without notice.  Guardian Stockbrokers, its employees and its independent third party provider have no obligation to modify or update this report in the event that any information on this report becomes inaccurate.

Any report is prepared for informational purpose only, with no recommendation or solicitation to buy or to sell.  The background of any individual or other investor has not been considered in providing this report.  Individuals and other investors should seek independent financial advice which considers their specific risks, objectives and specific constraints, and make their own informed decisions.  Individuals and other investors should note that investing in shares carries a degree of risk and the value of investments can go up or down.  Past performance is not a reliable indicator of future performance.   Investments should be made with regard to an investor’s total portfolio.  Guardian Stockbrokers, its independent third party provider and its employees make no representation or guarantee with regard to any investment noted on this report, and shall therefore not be liable with regard to any loss.

 

No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

 

© Proactive Investors 2015