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LONDON (Dow Jones)--BlueGem Capital Partners LLP said Wednesday that it has received valid acceptances for its recommended cash offer for Liberty PLC (LBE.LN) in respect of a total of 21,923,363 Liberty Shares, representing 96.99% of the existing issued ordinary share capital of Liberty. MAIN FA
Read moreEuropean concerns were behind sharp falls in shares today as plans by Germany to slap a ban on short-selling of European bonds, credit default swaps and ten of Germany's biggest financial groups spooked investors. German chancellor Angela Merkel's warning that Europe is facing its greatest crisis i
Read moreLeading shares trimmed their losses over the lunchtime session but the predominant colour on the Footsie leaderboard remains red. Mining companies lead the retreat on fears that Germany's decision to impose an immediate ban on "naked short selling" of euro-denominated government bonds and also cred
Read moreWater utility company Severn Trent was the only FTSE 100 constituent to advance during the morning session, as all of the others ended the morning underwater. If the move by Germany's financial regulator to impose an immediate ban on "naked short selling" of corporate debt last night was intended t
Read moreIrish bookie Paddy Power says 2010 has seen very strong revenue performance in online (total gross win (ex Australia) +32%) and good bet volume growth across all channels. "Following a run of adverse sporting results in 2009 the group's sportsbook gross win percentages have returned to normal expe
Read morePyrrho Investments said it was behind the failed bid approach for Liberty on May 7 and has now improved its offer for the luxury goods retailer. The group has made a revised proposal at a higher aggregate price than BlueGem's aggregate 186p per share offer. Liberty received the offer from BlueGem o
Read moreLuxury goods retailer Liberty has received a 186p a share offer from BlueGem Capital Partners. Irrevocable acceptances have been received from shareholders owning 86.3% of the company. The offer is in the form of a 141.8p a share cash bid and a 44.2p a share special dividend. This places a value
Read moreSurfers' fashion label Hot Tuna blamed a lack of funds to make clothes and tough retail conditions for a sharp fall in revenues in 2009. Revenues fell to £271,000 from £619,000 the previous year, though pre-tax losses narrowed to £543,000 from £688,000. The company also announced that it raised £1.
Read moreWith the glut of end-2009 results announcements out of the way London looks in the mood to put its feet up and take a rest. In terms of hard news relating to FTSE 100 companies that is restricted to distribution group Bunzl and mining stock Rio Tinto. Distribution and outsourcing group Bunzl has
Read moreIt's a quiet start for Footsie with little company news and buyers again largely sitting on the sidelines. British Telecom and Cable & Wireless are pushing on helping to offset a dull morning for the miners. Xstrata, Vedanta and Kazakhmys are the worst affected. BSkyB is down after Friday's excite
Read moreWest end retailer Liberty has agreed a £41.5m sale and lease back of its world famous Regent Street store. The freehold of the 125,000 sq ft shop, officially on Great Marlborough Street, London W1, has been sold to Sirosa Liberty Limited. Valued at £30.25m at the end of 2009, the sale price represe
Read moreThe leading share index limped higher to into the weekend only a few points ahead on the week. Lloyds, Royal Bank of Scotland and Barclays gained. Life groups Old Mutual, Legal & General and Standard Life are also in demand. HSBC was the exception among the financials after Goldman Sachs reduced i
Read moreFutures pointing to a strong start on Wall Street after better than expected retail sales figures and demand for the UK banks have kept Footsie moving upwards. Lloyds, Royal Bank of Scotland and Barclays are all higher. Life groups Old Mutual, Legal & General and Standard Life are also in demand.
Read moreBanks are driving Footsie upwards following a sluggish start. Lloyds, Royal Bank of Scotland and Barclays are all higher. Life groups Old Mutual, Legal & General and Standard Life are also in demand. HSBC is the exception among the financials after Goldman Sachs reduced its view to 'neutral' and
Read moreEarly gains have all now evaporated and Footsie has slipped into the red despite a good rally on Wall Street overnight. Financial are the best performers with the nearly all showing good gains. Lloyds, Royal Bank of Scotland and Barclays are all higher. Life groups Old Mutual, Legal & General and S
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