REMINDER: Our user survey closes TODAY, please submit your responses here.
A RESCUE deal has been agreed for Southend Airport which could pave the way for new airlines and passenger numbers soaring to six million a year.
Airport bosses have announced the American private equity giant Carlyle is set to take control of the airport after agreeing on a deal to settle a debt with its current owner.
Carlyle, which also owns part of JFK airport in New York, will now own 82.5 per cent of the airport.
As part of the deal, £32million of new funding will be released in a bid to “secure the airport’s future growth”.
(Sharecast News) - Numis has lifted its recommendation for investment manager Man Group from 'hold' to 'buy' and hiked its target price from 260p to 315p, saying that the company's decent short-term investment performance "cannot be ignored".
The broker said it has updated its estimates for Man Group following its full-year results announced last week.
While there was little change to numbers after an in-line set of results, "most of the group's key strategies" have performed well so far in 2024, which has driven an upgrade to forecasts.
Numis acknowledged that the recent investment performance might not be sustained, but for now it sees decent upside.
"We do not think the share price has adequately captured the strength of the investment performance delivered so far this year and the favourable P&L implications. With more than 20% upside to our new target price [...] our recommendation moves to 'buy'," the broker said.
By Pablo Mayo Cerqueiro and Amy-Jo Crowley
LONDON (Reuters) - Belgian insurer Ageas is pressing on with a potential takeover offer for Britain's Direct Line (LON:DLGD), bringing in a new adviser to assist with the efforts, three sources familiar with the matter told Reuters.
Ageas has lined up Deutsche Bank (ETR:DBKGn) to work alongside its existing financial adviser Bank of America (NYSE:BAC), two of the sources said. It interviewed banks for additional support since making its offer public last week, the third one added.
Ageas might sweeten the terms of its initial bid to win over Direct Line's leadership, two of the sources said.
Ageas declined to comment, and has until March 27 to launch a formal offer or walk away under UK takeover rules. Deutsche Bank and Direct Line declined to comment.
ONT reported £ 150 million loss and shares are up , LGEN profit in 2023 of GBP1.67 billion and shares are down, WTF
Oxford Nanopore is based in Oxford, England, and specialises in DNA and RNA sequencing technologies.
Oxford Nanopore's pretax loss was GBP149.8 million in 2023, widened 80% from GBP83.4 million a year prior.
Revenue dropped 15% to GBP169.7 million from GBP198.6 million in 2022.
I have got five investment companies in my portfolio and they are up today, something in the budget?
Final Results 12-Mar-2024
DOCS ,could it be the next takeover target?