Public Limited Companies - PLCs


RWE npower announces sale of subsidiaries to Utility Warehouse owner, Telecom Plus Plc, for £218m

On 19 November, RWE npower and Telecom Plus agreed the sale of RWE npower Limited’s subsidiary companies, Electricity Plus and Gas Plus, to Telecom Plus Plc, the owner of the Utility Warehouse brand. The transaction is subject to both the approval of Telecom Plus shareholders and the OFT; Completion is expected in late December or [...]

GSK reaches agreement to divest Lucozade and Ribena for £1.35 billion

Issued: Monday 9 September 2013, London UK – LSE Announcement
GlaxoSmithKline (LSE:GSK) today announced it has reached agreement to sell its nutritional drinks brands Lucozade and Ribena to Suntory Beverage & Food Ltd (SBF), the Japanese consumer goods company, for £1.35 billion in cash.  It is expected that the transaction will be completed by the end [...]

Vodafone seals Kabel Deutschland bid

UK telecoms group Vodafone has agreed with the board of Kabel Deutschland to buy the German cable firm for £7.7bn (£6.6bn).
Vodafone Group Plc today announced its intention to acquire Kabel Deutschland Holding AG. The planned transaction values Kabel Deutschland at €87 per share, valuing the company’s equity at approximately €7.7 billion. The transaction is to [...]

Would you like to start your own bank?

Over the last few years, the big banks have been taking a bashing from all sides yet have shown little change in their behavior and attitude.The Government is trying to encourage more competition in the banking industry and welcomes more challenger banks.
If we want more banks,  we need people to set them up.  So, how do you set [...]

Aldermore bank, raises £36 million to fund continued support for small businesses

Aldermore, one of Britain’s leading challenger banks and a participant in the government’s National Loan Guarantee Scheme, is pleased to announce that it has successfully raised £36 million of new capital.
The investment, (made by funds controlled by Centerbridge Partners, L.P., a leading private investment firm), strengthens Aldermore’s position as one of Britain’s most strongly capitalised [...]

Tesco’s UK chief steps down

As a consequence of Philip Clarke’s decision to take a much closer involvement in the UK business Tesco plc announces today that Richard Brasher has decided to step down from the Board with immediate effect and to leave the Company in July once he has effected a smooth transition of the UK business to Philip.
Philip [...]

Oracle Buys Sun

Oracle Corporation (NASDAQ: ORCL) and Sun Microsystems (NASDAQ: JAVA) announced today they have entered into a definitive agreement under which Oracle will acquire Sun common stock for $9.50 per share in cash. The transaction is valued at approximately $7.4 billion, or $5.6 billion net of Sun’s cash and debt.
“We expect this acquisition to be accretive [...]

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