Cost savings help Heineken boost profits

first_img KCS-content HEINEKEN, the world’s third-largest brewer, reported a higher than expected rise in first-half net profit yesterday after cost savings helped offset lower beer sales in Europe and the United States.The Dutch-based brewer, whose chief brands are Heineken and Amstel, Europe’s number one and three beers, said group beer volumes fell 2.3 per cent on a like-for-like basis.But costs savings, lower raw material and interest costs and its joint ventures led to a 17 per cent rise in net earnings.The company said it remained cautious about beer consumption in Europe and the United States due to continued weak consumer spending and planned austerity measures, but expected volumes to grow in Latin America, Africa and Asia.Heineken’s first-half results included two months from the beer business of Mexico’s Femsa, bought to boost exposure to faster-growing emerging markets.Just over half of Heineken’s revenue last year came from western Europe. Heineken said the integration of FEMSA Cerveza was on track, with synergies due in the second half. For the full-year, Heineken forecast the percentage growth of net profit to be at least in low double digits with further cost savings and price hikes continuing to have some impact.Heineken’s net profit before one-offs increased to €621m (£508m). Analysts had on average expected a net profit of €595m. Show Comments ▼ Tags: NULL Share whatsappcenter_img 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.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org Wednesday 25 August 2010 8:08 pm whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoBetterBe20 Stunning Female AthletesBetterBeUndoCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy FanUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoTrading BlvdThis Picture of Prince Harry & Father at The Same Age Will Shock YouTrading BlvdUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndo Cost savings help Heineken boost profits last_img read more

Playtech sees profits soar as it grows further

first_img whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeNoteabley25 Funny Notes Written By StrangersNoteableyUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoBetterBe20 Stunning Female AthletesBetterBeUndoCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy FanUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite HeraldUndo KCS-content Share Playtech sees profits soar as it grows further PLAYTECH, the online gaming software firm, yesterday reported a jump in profit of 14 per cent to €37m (£30m), as launches of Italian bingo and French poker networks increased its presence in new markets.Total revenue was up 29 per cent to €72.9 and core profit rose 20 per cent to €54.2.The firm now expects further forward momentum after the acquisition of Virtue Fusion in February 2010, which positions Playtech as the leading B2B bingo network provider, with a pipeline of new licensee prospects in UK and internationally.It also announced an interim dividend of 9.4 cents per share, an increase of six per cent on the previous year.Chairman Roger Withers said: “We have enjoyed a strong trading performance in the first half. Regulatory change across Europe is transforming the market dynamics and opens up many new opportunities.”He added: “Although the restrictions of the newly regulated French market will, as anticipated, impact revenues in the second half, we have a strong pipeline of new licensees which we expect to more than offset this in 2011 and help maintain our growth trajectory.” Thursday 26 August 2010 8:24 pmcenter_img whatsapp Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Show Comments ▼ Tags: NULLlast_img read more

Shining light on a murky regulatory review

first_img Show Comments ▼ Share Wednesday 22 September 2010 8:21 pm Tags: NULL WHEN Vince Cable told the Liberal Democrat conference, “I am shining a harsh light into the murky world of corporate behaviour,” that was his cryptic way of announcing to the nation a comprehensive regulatory review. With potentially far-reaching impact, this rather shadowy proposal deserves more light than Cable gave it in his remarks.The detailed announcement says: “We will look at the economic impact of takeovers, shareholder responsibility, corporate incentives and pay – all the factors that can help us build a framework founded on long-term economic logic.” But what does it mean?Some of this is old news – the Takeover Panel has been running its review of M&A rules since the summer – but Cable is by no means just reheating political announcements. His detailed statement makes this plain: “My department is complementing this work with a comprehensive review that will ask fundamental questions about corporate governance and short-termism.”In translation, that seems to indicate that Cable wants the popular outrage against the Cadbury takeover reflected in changes to the rules around shareholder power. Cable goes on to say, “we aim to put responsible shareholders back in the driving seat of the economy”. Responsibility here is redefined solely in his terms, putting Cable in that driving seat: he is supremely confident in his own judgement. Yet his highhanded assumption that shareholders have been irresponsible is as questionable as his belief that the financial crisis can be laid squarely at the feet of “financial gamblers who value a quick buck above all else”.The Cadbury bid may have been a blow for British pride but it was a reflection of problems with Cadbury that had been evident in sluggish performance over much of the past decade. Economic nationalism showed little hope of solving these fundamental weaknesses. The takeover premium was 50 per cent up on Cadbury’s share price the August before, scarcely a derisory offer.It would be less troubling if Cable were a cynic, playing the mystic chords of economic populism only so long as they bring him power. But it seems he really does believe that “shareholders that act like long-term owners” will be better for the economy than those who seek to move capital to its most productive uses.A consultation on Cable’s plan will launch this autumn. Business must be ready to put its case firmly if it is not to find itself carrying a regulatory burden based on questionable assumptions and tabloid pandering. whatsappcenter_img Shining light on a murky regulatory review whatsapp KCS-content last_img read more

Crossrail plans efficiencies

first_img Crossrail set out a series of cost savings to its £16bn budget yesterday but said there would be no cuts in its planned stations or branches. Instead efficiencies would be found by making use of existing train designs, rather than building new carriages from scratch as originally planned. The latest cuts are part of Crossrail’s ongoing review of costs on the line, which will run for more than 73 miles from Maidenhead and Heathrow in the west, through new, twin-bore 13-mile tunnels under central London to Shenfield and Abbey Wood in the east. whatsapp Share Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndo Crossrail plans efficiencies whatsapp Monday 27 September 2010 8:51 pmcenter_img More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.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.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org KCS-content Show Comments ▼ Tags: NULLlast_img read more

Sportingbet profit dives after US settlement

first_imgWednesday 6 October 2010 3:31 am John Dunne Show Comments ▼ whatsapp Tags: NULL Read This Next’Kevin Can F**k Himself’: Here’s Why Only Allison and Patty Are SeenThe Wrap20 Stars Who’ve Posted Nude Selfies, From Lizzo to John Legend (Photos)The Wrap’Batwoman’: Wallis Day on Circe’s ‘Deranged’ Warpath and the Key to SavingThe Wrap’Godzilla vs Kong’ Reaches $100 Million in US After Grossing $250,000 inThe WrapJoin a Conversation on ‘Cancel Culture in Comedy’ with Maz Jobrani, SkyeThe WrapAnya Taylor-Joy, Ralph Fiennes Join Searchlight’s Dark Comedy ‘The Menu’The WrapAfter ‘Black Widow,’ Kevin Feige Leaves Open the Possibility of OtherThe Wrap’Pose’ Creator Steven Canals on Life After His Groundbreaking Show: ‘I’mThe Wrap’The Boys’ Star Aya Cash Took Inspiration From YouTube, TikTok and SteveThe Wrapcenter_img whatsapp Share Sportingbet profit dives after US settlement Online gambling firm Sportingbet posted a 69 per cent fall in full-year pretax profit on one-off costs related to a settlement with the U.S. Department of Justice and its move to the Official List, but said it started the new year well.The company had agreed to forfeit $33m (£21 million pounds) to settle a US investigation over alleged illegal Internet gambling.Net gaming revenue in the first two months of the new financial year was 17 per cent above the same period last year.“Whilst the economic outlook remains challenging, our spread of activities across the different economic cycles of Europe, Australia and South America gives us confidence for a further year of success,” the company said in a statement.For the year ended 31 July, pre-tax profit was £6.9m, compared with £22.3m last year.Net gaming revenue grew 27 per cent to £207.5m.The company declared a final dividend of 1 pence, taking the total dividend for the year to 1.5 pence, up 50 per cent from last year. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Timeslast_img read more

E.ON may sell UK electricity distributor

first_imgSunday 7 November 2010 8:31 pm More From Our Partners Mark Eaton, former NBA All-Star, dead at 64nypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org E.ON may sell UK electricity distributor by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm GERMAN energy giant E.ON is understood to be in advanced talks to sell Britain’s second-largest electricity distribution network to a group of foreign investors for up to £3.5bn.A consortium comprising the Abu Dhabi Investment Authority, Canada Pension Plan and Australian bank Macquarie is thought to have approached E.ON about the business, made up of the distribution arms of the former Midlands Electricity and East Midlands Electricity companies now known as Central Networks (CN).The consortium is believed to have approached the German utility recently and talks progressed quickly.German news magazine Der Spiegel reported during the weekend that E.ON was considering the sale of several assets to make up for falling earnings.A spokesman for E.ON refused to comment. “We’re not saying anything about this, I’m afraid,” he said.Central Networks supplies electricity through local power lines to about 4.9m homes and businesses in an area stretching from the Welsh borders in the west to the Lincolnshire coast in the east and from the Peak District in Derbyshire down to the outskirts of Bristol. E.on merged ME and EME to form CN in 2004. whatsappcenter_img KCS-content whatsapp Show Comments ▼ Share Tags: NULLlast_img read more

Twin imposters triumph and disaster lurking

first_img Twin imposters triumph and disaster lurking KCS-content Sunday 5 December 2010 11:07 pm More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org whatsapp So here we are just a few weeks before Christmas and those twin imposters triumph and disaster lurk behind every corner. England lose a brilliant World Cup bid that they could never win, only for the cricket team to comprehensively outplay Australia and take control in the Ashes. On Coronation Street four actors will lose their jobs as their characters are killed in a  huge tram crash but it will drive the ratings and help celebrate 50 years of  Britain’s oldest soap. Last but not least, George Osborne does jigs of delight after the OBR statement and manufacturing data vindicates his polices only for …..?  Well exactly, only for what? WILL AUSTERITY BITE TOO HARD?When  spending restraint digs in next year, will it combine with an even weaker housing market to send consumers and the economy over the edge? Or will the private sector and manufacturing and industry continue to create jobs and keep us going, albeit at a reduced pace? It’s an issue on which the Bank of England’s monetary policy committee, which meets this week, is hopelessly split and is likely to remain so for a while.  The fact is that no one really knows. We can make educated guesses but, a bit like the World Cup, the analysis could be fatally flawed if we’ve made the wrong assumptions.  The England bid team assumed that when a FIFA Executive committee  member shakes hands and says  they’ll give their support, they mean it.  Mervyn King assumes large amounts of spare capacity in the economy and the government’s austerity drive will help weaken growth and keep down cost push inflation. TURKEYS KNOW TO KEEP HEAD INNow turkeys know not to stick their necks out too far at this time of year, but, at the risk of being stuffed, here’s my sixpence worth. We spent 2009 worrying about 2010 and 2010 worrying about 2011.  In that time the UK consumer has been written  off more times than bad debt. Now I admit spare household income should be less next year as wages rise less than inflation and the costs of living – in terms of energy, food and clothing – go up, but I believe global growth will still be fairly buoyant and Britain as an open economy will benefit. MUDDLING ALONG OK FOR INVESTORSTherefore I predict we will muddle through, with the risks on the upside as we find out the effects of austerity are not as bad as feared. And that could be just perfect for investors, with weak enough growth to keep bond yields and interest rates anchored and just enough growth to keep profits at cost efficient businesses chugging along. In fact, stock markets could be well supported by cash rich companies. They will  either increase  merger activity, pay higher dividends or increase share buybacks.  FURTHER PREDICTIONS FOR 2011Oh, and as for my other big assumptions: Europe’s politicians will do whatever it takes to minimise the euro crisis, China will find the right policy mix to keep its economy going at the right pace and the US will deliver growth that’s good enough for company profit but not enough for big job creation.    As I say, it’s only a forecast and if it’s a disaster  I’ll meet it with the triumph of reclaiming my sixpence back from the Christmas Pudding.      Ross Westgate co-hosts Worldwide Exchange daily on CNBC and also anchors Strictly Money — www.cnbc.com     Share Show Comments ▼ whatsapp Tags: NULLlast_img read more

Diamond set to receive a smaller bonus

first_img Tags: NULL Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof whatsapp whatsapp Share BARCLAYS’ new chief executive Bob Diamond is preparing to receive a pared down bonus for 2010, despite heading up the bank’s investment banking arm last year.While an investment banking bonus would normally be around £15m-£25m, Diamond is likely to get more of a chief executive’s bonus, in the £6-£10m range, despite only just taking over the lead role at the bank.It is also likely to be weighted heavily towards shares rather than cash, going beyond new requirements from Europe that at least 50 per cent of any bonus is in non-cash instruments.However, with bank values depressed, some analysts think that an award in shares could actually be worth more.Diamond is due to be grilled tomorrow by the prominent Treasury select committee, whose members have promised to give him “a rough ride”.Committee member John Mann told City A.M. that large payments to bankers come “at the expense of small businesses and industrialists”.He said: “In the background of the taxpayer having to take a hit for the banks, where’s Mr Diamond and his colleagues’ hit for the recession they caused?”He added that the difference between those banks that were bailed out and those that weren’t was “wafer thin”.Diamond was branded “the unacceptable face of banking” by former business secretary Lord Mandelson last year, after being awarded £60m in compensation over five years.Treasury select committee chair Andrew Tyrie said that his priority is to question Diamond over the competitiveness of retail banking rather than bonuses. KCS-content center_img Diamond set to receive a smaller bonus by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm Sunday 9 January 2011 11:06 pm Show Comments ▼ last_img read more

Boparan races to prepare an offer for Northern before its takeover deadline

first_imgMonday 17 January 2011 8:42 pm Boparan races to prepare an offer for Northern before its takeover deadline Share whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldSenior Living | Search AdsNew Senior Apartments Coming Nearby Scottsdale (Take a Look at The Prices)Senior Living | Search Ads Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe 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 WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayot’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrapcenter_img KCS-content CONVENIENCE foods tycoon Ranjit Boparan is gearing up to make an offer for Northern Foods ahead of his Takeover Panel deadline of Friday, a person familiar with the matter said yesterday. Boparan asked bankers at Rothschild to examine Northern’s books last month, and is racing to complete due diligence and make an announcement this week before its put up or shut up deadline at 5pm on 21 January. Northern, the maker of Fox’s biscuits and the Goodfella’s pizza brand, announced plans to merge with Irish peer Greencore to create Essenta in November. But Boparan, who owns the Harry Ramsden restaurant chain as well as the biggest chicken producer in Europe, has said publicly the merger represents a poor deal for investors. Credit Suisse published a note yesterday speculating that Boparan is likely to offer between 60p and 65p per share for Northern, valuing the company at up to £300m. The note was circulated by Boparan’s spokespeople, although they would not comment on the likelihood of a firm offer.Northern shares gained 2.5 per cent to close at 61.5p yesterday, well above the 45.5p level seen before the merger was announced. Northern and Greencore shareholders are set to vote on the team-up on 31 January. Show Comments ▼ Tags: NULL whatsapplast_img read more

SuperGroup in €40m deal to expand in Europe

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm Friday 4 February 2011 3:57 am John Dunne SuperGroup in €40m deal to expand in Europe Tags: NULL Share center_img Show Comments ▼ whatsapp SuperGroup, owner of the rapidly growing Superdry clothes chain, has paid €40m (£33.7m) in cash and shares to buy out its Benelux and France franchisee CNC Collections from its owner Luc Clément.CNC is the leading franchisee globally for the Superdry brand and Clément will become SuperGroup’s head of European franchising.It has been a distribution partner of SuperGroup since 2004 and a franchisee since April 2008, runs 29 stores.SuperGroup chief executive Julian Dunkerton told City A.M: “This is about us expanding in Europe and using the Westfield mall blueprint – our store there is very successful.“This is a very exciting prospect and Luc Clément is fantastic to have on board, he is like-minded and an exceptional person.”Of the €40m sum €7m is payable in cash on completion. Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking 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 ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily Proof whatsapplast_img read more