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Pin to quick picksAscential Share News (ASCL)

Share Price Information for Ascential (ASCL)

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Quilter And Old Mutual Global Buy And Sell Holdings In Six Companies (ALLISS)

Mon, 02nd Jul 2018 18:37

LONDON (Alliance News) - Financial services firm Quilter PLC and Old Mutual Global Investors UK Ltd traded investments Monday.

Media company Ascential PLC said Quilter has taken its stake in the company below the notifiable threshold as Old Mutual Global Investors UK Ltd built a holding in the company.

Quilter took its holding in Ascential from 19% to below the notifiable threshold. Its interest in Ascential's 400.7 million issued shares was not reported.

Old Mutual Global Investors built a 19% stake in Ascential. It now has an interest in 75.9 million issued shares. Its stake prior to the transaction was not reported.

Shares in Ascential closed down slightly Monday at 452.40 pence each.

Quilter took its holding in drink company Fevertree Drinks PLC from 9.9% to below the notifiable threshold. Old Mutual Global built a 8.8% holding in the company, representing 9.7 million of Fevertree's 115.5 million issued shares.

Fevertree shares closed up 0.2% Monday at 3,398.00p each.

Quilter took its 16% stake in fashion retailer Boohoo.com below the notifiable threshold as Old Mutual Global took its from an unspecified number to 17%. Old Mutual Global now has an interest in 194.4 million of Boohoo.com's 1.15 billion issued shares.

Shares in Boohoo.com closed down 1.5% at 191.60p each.

Quilter took its stake in retailer Pets at Home Group PLC from 10% to below the notifiable threshold. Whereas, Old Mutual Global took its holding to 10%. Old Mutual Global now has an interest in 50.3 million of Pets at Home's 500.0 million issued shares.

Pets at Home shares closed flat at 129.50p each.

Quilter took its holding in property investment firm Helical PLC from 5.0% to below the notifiable threshold. Old Mutual Global took its holding to 5.2% from an unspecified amount. Old Mutual Global now has an interest in 6.2 million of Helical's 118.6 million issued shares.

Helical shares closed down 0.7% at 336.50p each.

Quilter took its holding in emergency repairs business Homeserve PLC from 6.1% to below the notifiable threshold. But Old Mutual Global built a 6.0% stake in the company. Old Mutual Global now has an interest in 19.5 million of Homeserve's 329.8 million issued shares.

Homeserve shares closed down 0.8% at 892.00p each.

In March 2016, Old Mutual's Chief Executive Bruce Hemphill said a review had begun into splitting up the Anglo-South African financial services firm in November of the year before when he took over from former Old Mutual boss Julian Roberts.

He said at the time there was "very little commonality" between the four divisions, which then comprised of a 54% stake in South African lender Nedbank, a South African emerging markets business, UK-focused wealth arm Quilter, and a 66% stake in US institutional asset manager OM Asset Management.

By mid-August of 2016, Old Mutual said it was making good progress with the separation, targeting the end of 2018 for completion.

In October, it gave more details of the separation. Unlisted Old Mutual Wealth, now Quilter, and Old Mutual Emerging Markets, which would be known as Old Mutual Ltd, were to be separated into individual listed firms on both the Johannesburg and London exchanges.

The Quilter listing was announced that November, and in mid-March this year when Old Mutual released its results for 2017 it said things were still on track to be completed by the end of 2018.

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28 Jun 2023 15:03

Ascential unit attracts at least two bids as other buyers drop out -sources

LONDON, June 28 (Reuters) - Ascential's consumer research unit continues to draw interest from a couple of parties including Apax as other potential buyers have walked away in what remains a tough market for dealmaking, sources familiar with the matter told Reuters.

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16 May 2023 21:41

PRESS: BC Partners eyes bid for Ascential's consumer data arm - Sky

(Alliance News) - Ascential PLC's consumer data business has attracted the interest of a private equity firm advised by the former head of the Daily Mail's parent, Sky News reported on Tuesday.

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16 May 2023 15:10

Ex-Daily Mail CEO tapped to work on bid for Ascential unit

(Sharecast News) - Former Daily Mail & General Trust chief executive officer Paul Zwillenberg has been approached to advise private equity firm BC Partners in a possible bid for Ascential's consumer data unit WGSN, it was reported on Tuesday.

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3 Apr 2023 09:43

LONDON BROKER RATINGS: HSBC cuts NCC; Exane BNP cuts Man Group

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:

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30 Mar 2023 10:03

Ascential achieves double-digit annual revenue rise but loss widens

(Alliance News) - Ascential PLC on Thursday reported a rise in its annual revenue but suffered a widened loss as expenses climbed.

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30 Mar 2023 07:05

Revenues surge at Ascential

(Sharecast News) - Ascential reported record revenues on Thursday, as it pushed ahead with plans to break up the business, but saw losses widen as costs mounted.

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3 Mar 2023 13:48

Hyve suitor Providence weighing bid for Ascential events arm

(Sharecast News) - Buyout firm Providence Equity Partners is reportedly hatching plans to bid for the events arm of Ascential as it looks to bolt it together with rival Hyve, for which it has made a £306m takeover approach.

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15 Feb 2023 11:41

Ascential to sell consumer trends unit - report

(Sharecast News) - Ascential shares spiked higher on Wednesday following a report that the data and analytics company, which is undergoing a major restructuring, has hired JPMorgan Chase & Co. for a sale of its consumer trend-spotting business.

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7 Feb 2023 10:31

Ascential ups stake in Hudson MX; has path to majority holding

(Alliance News) - Ascential PLC on Tuesday said it is increasing its minority stake in Hudson MX Inc, a US provider of software-as-a-service media buying & media accounting solutions.

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27 Jan 2023 09:29

LONDON BROKER RATINGS: JPMorgan raises 888; Peel Hunt cuts Antofagasta

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning:

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25 Jan 2023 17:09

LONDON MARKET CLOSE: Stocks in the red; Ascential surges on spin-off

(Alliance News) - Stocks in London were lower at the close on Wednesday amid a gloomy economic backdrop for the UK and mixed updates from UK-listed firms.

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25 Jan 2023 12:05

LONDON MARKET MIDDAY: Stocks mostly down but easyJet, Ascential surge

(Alliance News) - Stock prices in London were lower at midday on Wednesday, despite some positive UK company trading updates.

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25 Jan 2023 09:21

TOP NEWS: Ascential to spin-off digital arm as sharpens event focus

(Alliance News) - Ascential PLC on Wednesday said it is proposing to separate its digital commerce assets into an independent US-listed company, as it emphasised a focus on events for its core business.

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25 Jan 2023 09:08

LONDON MARKET OPEN: Stocks firm; Ascential jumps 25% on restructuring

(Alliance News) - Stock prices in London opened marginally higher on Wednesday, after figures showed producer price inflation is easing in the UK and following mixed markets in the US and Asia.

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25 Jan 2023 07:55

LONDON BRIEFING: UK producer price inflation cools in December

(Alliance News) - Stocks in London were called flat on Wednesday, as new data showed producer price inflation is easing in the UK.

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