Hints and tips:
...It is clear the role of private contractors in US corrections and immigration has become a political hot potato for some investors and politicians in recent years (“Investors pressed on private jail holdings...
...Sell: Mothercare (MTC) We suspect the fourth quarter won’t show enough improvement to prove a near-term catalyst for a re-rating, writes Harriet Russell....
...There are about 85 MTC member companies, which for a fee, can use the facility and participate in joint research projects....
...The government is separately providing £15m to a new aerospace facility at the MTC that will help companies develop materials such as lightweight carbon fibre reinforced plastic for use in aircraft fuselages...
...“There are currently about 4,000 of these on a car,” says Paul Grimley, workshop supervisor, holding up an aluminium sheet with a steel rivet protruding through it....
...Shares in MTC were trading at SR7.45 on Monday, which would imply a total consideration of at least SR2.6bn ($691m). There may, however, be other bidders for Zain Saudi Arabia....
...The MTC, backed by businesses such as Rolls-Royce and Jaguar Land Rover, will conduct research into advanced engineering techniques costing £130m....
...The two mobile networks, MTC Touch and Alfa, are operated for the government by Zain of Kuwait and Orascom of Egypt respectively....
...Based on his public holdings, some financiers estimate that his personal wealth is three times the $3.3bn fortune Forbes magazine ascribed to him last year....
...In the US – where BAE has benefited from acquisitions such as Armor Holdings and is now the Pentagon’s fifth-biggest supplier – defence budgets are also under pressure....
...Last June, the Bush administration approved BAE’s $4.1bn takeover of Armor Holdings, a US armoured vehicle maker....
...Prince Alwaleed, whose Riyadh-based Kingdom Holding owns big stakes in Citigroup and News Corporation, has agreed to provide half the funds for Kingdom Zephyr, which aims to raise $500m for its latest fund...
...BAE recently agreed to acquire MTC Technologies, which offers support and maintenance to the US military, in a deal valued at $450m....
...We just closed the MTC deal and we closed Armor Holdings I think the day that the Department of Justice made their first utterings....
...Mr al-Qemzi said the UAE company was also holding talks with the Kurdish regional government over the deal....
...MTC has the licence in southern Iraq....
...MTC and Emaar are seen as the front-runners. Both Finland’s Nokia and arch-rival Motorola of the US stand to benefit from the sale....
...UBS acted for MTC....
International Edition