Hints and tips:
...Regional aviation group Surf Air Mobility went public through a direct listing on Thursday at less than half the valuation it received in a private transaction last month, in a deal that highlighted the...
...“It used to be fun to go to the music store and browse CDs and tapes,” said Blater. “But would you ever give up on-demand streaming music to get that experience back? Unlikely.”...
...Schrödinger’s swap Can a dead bond trigger a CDS default? DD’s Rob Smith and Sujeet Indap explain why two US hedge funds are betting on this slightly ridiculous scenario playing out at Credit Suisse....
...Gates’s biggest UK investments, for example, have been in retailer Carpetright, jet servicing group Signature Aviation and Bunzl, a distributor of disposable cutlery....
...The failure is being investigated by the Federal Aviation Administration, with New Shepard grounded until the investigation is over....
...On one hand, it’s a gaming giant that has leapfrogged rivals Ubisoft and CD Projekt to become the biggest gaming company in Europe by market capitalisation....
...CD&R will now spend millions more arranging a multibillion-pound debt package to help finance the takeover....
...The US Federal Aviation Administration says it is looking into safety concerns raised by 21 current and former employees at Blue Origin, the space exploration company owned by Jeff Bezos....
...It is currently recommending the higher CD&R offer and a shareholder vote on that bid has been called for October 19....
...Private equity interest in Morrisons first became public in June when the grocer said it had rejected an offer from CD&R....
...Clayton, Dubilier & Rice has hired Gordon Riske, chief executive of KION Group, as an operating adviser to CD&R Funds....
...CD&R’s 285 pence per share bid has already been recommended by Morrisons’ board. The approval of three-quarters of shareholders is still required. A vote is due on October 19....
...Morrisons’ stock is at 292p, above the 285p per share that private equity group CD&R offered last month....
...CD&R has responded asking for more time to consider its options....
...In February, Blackstone and Global Infrastructure Partners made a similar move, ending a takeover battle for the UK-listed private jet services company Signature Aviation with a joint £3.5bn bid....
...That is a fifth higher than CD&R’s opening shot and a whisker ahead of levels last seen in early 2016. There is an irony here....
...Morrisons is aiming to release a circular to shareholders before the end of the month, after which a shareholder vote will be held in mid-August Those plans could be disrupted if CD&R returns with a fresh...
...Rival CD&R had previously been given a deadline of July 17 to either make a firm offer for Morrisons or walk away....
...Last week the company was granted the go-ahead by the US Federal Aviation Authority to put paying members of the public on board, paving the way for Branson’s long-awaited flight....
...The company was given the green light by the US Federal Aviation Administration last month to operate a commercial service, the final hurdle on the way to carrying up to six paying passengers on each of...
...The EU Aviation Safety Agency awarded it “type certification” in June last year — meaning it can be used in commercial operations and carry passengers....
...Carmakers, airlines and heavy industry all hit out at the proposals, which include a de facto ban on new diesel and petrol cars in the EU from 2035, a tax on aviation and maritime fuel, and the decision...
...Spacs as the route to a public listing through a blank-cheque shell company really gained altitude in the second half of last year, and while automotive tech companies have been much in vogue, aviation has...
...The listing cemented its founder Matthew Moulding’s status as a billionaire — quite the journey for an entrepreneur who established the company as an online CD seller back in 2004....
...Richard Marwood, an investment manager at Royal London Asset Management, said the departure of public businesses, particularly specialist companies such as Signature Aviation, could leave the UK market less...
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