Helen Cahill
Special Correspondent, Business at The Telegraph
M & A and Restructuring Correspondent at The Times
M&A and restructuring correspondent @TimesBusiness
Articles
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1 week ago |
thetimes.com | Helen Cahill
A database analytics company is set to become the latest technology business listed in London to fall prey to a US bidder after it received a £542 million takeover offer. FD Technologies has received a cash bid of £24.50 per share from TA Associates, a private equity firm based in Boston, prompting its shares to riseby 442p or 22.9 per cent to close at £23.70. The board of FD Technologies said it wasminded to recommend that shareholders accept the offer if TA Associates makes a formal bid.
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1 week ago |
thetimes.com | Helen Cahill
Andy Ransom is to step down as chief executive of Rentokil as the pest control specialist overhauls its executive team to improve the prospects of its US business. Ransom is retiring after sitting on the board of Rentokil for 17 years and serving as its chief executive for 12 years.
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1 week ago |
thetimes.com | Emma Powell |Helen Cahill
Investors in Britain dumped bonds at the second highest rate on record as tariff wars raised expectations of an emergency US interest rate cut and cash was raised to meet margin calls caused by market turmoil. Just over £1.2 billion was pulled from fixed income funds in April, according to data from Calastone, the global funds network, the fastest pace since the early days of the pandemic in April 2020.
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1 week ago |
thetimes.com | Helen Cahill
A London-listed financial services group chaired by Dame Jayne-Anne Gadhia has rejected a cash bid from Corpay, a US rival listed in New York. Corpay confirmed last week that it was in discussions with Alpha Group International about a possible cash deal, although it cautioned that there was no certainty it would make a formal bid for the group. The US financial payments company is listed on the S&P 500 and has a stock market valuation of more than $23 billion.
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1 week ago |
thetimes.com | Helen Cahill
The owner of Kingsmill has confirmed it is considering a merger of its bread business with Hovis as the baking industry struggles against a backlash to processed foods and the growing adoption of low-carb diets. Associated British Foods, which also owns Ryvita and Primark, said it was in discussions with Endless, the private equity firm, about combining Hovis and Allied Bakeries, the bread business which includes Kingsmill.
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