Monthly Archives: November 2003
Man Utd at three-year high as bid speculation hits fever pitch
SHARES IN Manchester United rose to a three-year high yesterday on renewed speculation that the Premier League football club was about to receive a takeover bid after an investor snapped up a majorchunk of shares. The investor is widely believed […]
AIB ends week higher thanks to positive analyst comment ; Settlement Day: December 3rd
It was a flat day in Dublin yesterday, with thin post- Thanksgiving trade in the US offering little in the way of inspiration to any European market. AlB managed to end the week on a high note after attracting some […]
t’s a game of no quarter: Notebook The big battles are off the pitch: A new seam
Picture the scene. The chief executive and finance director of Manchester United – men who could claim to hold two of the best jobs in English football – catch a flight to the US. Malcolm Glazer, thebuccaneer from Tampa Bay […]
Germans approve sale of hedge funds in nation
Germans approve sale of hedge funds in nation From Associated Press, Bloomberg News and New York Times reports Saturday, November 29, 2003 The German parliament’s upper house gave final approval Friday to a bill that will allow hedge funds to […]
Stockbyte buys stake held by ACT
Stockbyte, the Kerry-based stock photography company, has bought the 30 per cent stake held by venture capital partner ACT Venture Capital for an undisclosed sum. ACT paid $1 million for a 25 per cent stake in Stockbyte in 1997 and […]
In brief: Armor Group pounds 20m buyout
Armor Group, the biggest private security firm operating in Iraq, was yesterday bought out from its US parent by its London-based management in a pounds 20m deal backed by venture capitalistGranville Baird, which is investing pounds 9m.
Fast-growing Ethel Austin ponders a 150m float
DISCOUNT clothing chain Ethel Austin is considering a 150 million float after more than doubling profits in the past year. Venture capital backer Lloyds TSB Development Capital (LDC) is also in talks with a potential buyer only 17 months after […]
LEAD Euro soars to record high against dollar in London, NY+
NEW YORK, Nov. 28 (Kyodo) — (EDS: CHANGING DATELINE & UPDATING WITH N.Y. TRADING) The euro soared to an all-time high against the dollar on Friday in New York, temporarily climbing to $1.2013, in reaction to a similar trend in […]
Foreigners Turn Net Sellers of Japanese Stocks Last Week
Tokyo, Nov. 28 (Jiji Press)–Foreign investors turned net sellers of Japanese stocks last week for the first time in four weeks, according to data released by the Tokyo Stock Exchange Friday. Nonresidents’ net selling came to 5,446 million yen in […]
Telewest revamp racks up pounds 100m fees bill
Advisers and bankers to the debt-laden cable business, Telewest, will receive a pounds 100m bonanza in fees when bondholders take over the company in return for forgiving pounds 4bn of debt. Telewest yesterday applied to the American regulator, the securities […]
The new look FSA takes a swing at bear raiders
DODGY traders beware. The Financial Services Authority is finally showing signs of sharpening up its act. After years of criticism that the City watchdog failed to act swiftly enough to stamp out market abuse it was accused by angry MPs […]
Mystery stake buyer sends Man U to new heights
SHARES in Manchester United soared to a three-year high today after a mystery buyer landed a 4.5% stake in the Premiership club for 31.5 million. The acquisition of the stake, 11.88 million shares at 265p each, is the latest turn […]