Company
CareTech Holdings
LON:CTH
CareTech Holdings PLC is a United Kingdom-based company engaged in providing a range of specialist care and housing support services for people with learning and physical disabilities. The Company provides housing and support to approximately 1200 adults and children in 180 services, with a range of learning and physical disabilities. The Company also has 4 community resource centers. CareTech is traded in the ISDX Exchange HERE
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CareTech board recommends offer from founders Farouq and Haroon Sheikh
A rival offer at the same price was also made by asset management firm DBAY Advisors
CareTech receives improved offer from co-founders
The board said it “would be minded to recommend the possible offer should an offer be made at that price”
CareTech Holdings receives US$1.1bn offer from Dbay Advisors
CareTech management now has two offers on the table
CareTech founders confirm plans to take company private
Haroon and Farouq Sheikh said they are in the early stages of forming a consortium to make a possible takeover offer for the social care company
CareTech enjoys first-half revenue boom after “transformational” Cambian acquisition
The group's performance reflects the scale of the acquisition and delivers a substantial increase in revenue and EBITDA compared with the same period last year - the company said
Investments and investor services
FTSE 100 closes higher as global markets buoyed by Fed's hint on rates
Carnival and Evra were the two big fallers among Footsie constituents
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After Federal Reserve decision, ECB boss comments, Bank of England expected to stand pat on rates
Aside from the BoE Monetary Policy Committee decision, the Day Ahead will also bring updates from two mid-cap retailers - Dixons Carphone and N Brown Group
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Federal Reserve rate decision to dominate in week ahead, with BoE meeting likely to be dull
The corporate diary is fairly sparse, but there are some bright spots, notably updates from refocused blue chip hotels group Whitbread and housebuilder Berkeley Group
CareTech shares lifted as full year profits and dividend jump over 10%
The AIM 100 social care services provider reported an underlying pre-tax profit of £32.9mln, up 11.9% on the year before, while revenues also increased by 11.9% to £185.7mln
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FTSE 100 has worst day in over two years as Huawei CFO arrest sends shockwaves through markets
Footsie closed down 217 points today to 6,704, with 7,000 now seemingly a distant memory. .
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Ted Baker’s tough trading is expected to be a dent in third quarter sales
Ted Baker and DS Smith are likely to be the highlights of Thursday's schedule.
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Fashion firms and a housebuilder, plus US jobs data to provide interest in the first week of Advent
Ted Baker PLC and Joules PLC will fly the fashion flag, while Berkeley Group PLC will provide the mortar on a fairly quiet corporate diary at the start of December
CareTech looking forward to sweating Cambian's "sub-optimised assets"
"With the demand for fixed income from pension funds, we are looking in the short term to undertake another ground rent transaction for approximately £35mln, to lock in very attractive long-term rates," Caretech said
Liberum initiates CareTech at ‘buy’; says shares are “far too cheap”
Analysts said the acquisition of Cambian would quadruple the size of CareTech’s Children’s business and add more than 20% to its mid-term EPS
Cambian agrees to be taken over by CareTech for up to £372mln
Analysts at Liberum believe the value of Cambian is "meaningfully greater" than what CareTech has offered for the firm but they see the benefits of the proposed merger
Cambian jumps after around £405mln takeover proposal from social care services rival CareTech
The specialist education and behavioural health services provider said the preliminary proposal amounted to 220p per share for the company in cash or shares, a near 50% premium to its current share price
Investments and investor services
FTSE 100 closes higher as European Central Bank message cheers markets
The FTSE 100 has clawed back all of this morning's losses and some, while the ECB has unveiled plans to end its quantitative easing programme in December
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QE or not QE, that will be the question for the ECB Council meeting on Thursday
Aside from the ECB meeting, the day ahead also includes an annual general meeting for Wm Morrison Supermarkets, and updates from PZ Cussons and Majestic Wine
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All eyes to be on trading news from Tesco - although investors have to wait until Friday
Aside from a first-quarter update from Tesco, the week ahead will include an annual meeting for rival Morrison's, plus the latest US Federal Reserve and ECB policy meetings