Hints and tips:
...The emptied piggy bank at the Russian subsidiary was essentially local currency working capital, rather than a nest egg of billions of dollars....
Deal values UK company with 1,300 pubs at about £1bn
...The buyer, Tavern Propco, is owned by Davidson Kempner Capital Management, a Texas-based fund with over $31bn in assets under management....
...A natural question for these pairings is whether the insurer simply exists as a piggy bank for the private equity group....
...Miss Piggy, with New York Stock Exchange Chief of Staff John Tuttle, rings the NYSE opening bell to highlight the season premier of Disney’s “The Muppets” television show...
...US prosecutors allege Mr Shkreli used Retrophin as something of a piggy-bank to pay debts, and appease investors in his failing hedge fund. He denies the charges....
...It’s terrible when shadowy traders piggy back on the efforts of us honest miners. IG: Ja, well I wouldn’t be in such a fix if you and BHP weren’t pumping out the tonnage fit to bust....
...Mr Osmond, who also founded Punch Taverns, is paying £37m for the Strada brand and 43 restaurants from the Café Rouge owner, Tragus Group....
...After PizzaExpress, Mr Osmond co-founded pub group Punch Taverns and life assurance vehicle Pearl, later known as Phoenix....
...It is more than can be said for Greenlight’s abortive bet on Punch Taverns – a rare foray into the UK stock market, which had gone awry before the authorities got involved....
...regulators are seeking to fine a former Bank of America Merrill Lynch broker about £350,000 for his role in hedge fund manager David Einhorn’s improper trading ahead of the 2009 equity raising by Punch Taverns...
Fine imposed on the hedge fund manager is not a simple morality tale
...And there’s a virtuoso split-screen action sequence, a stunt-choreographed tavern fight as elaborate and OTT-suspenseful as a Brian De Palma set piece. It all deteriorates at the end....
...venture would be a successor to the Horizon acquisition vehicle floated last year floated by Mr Osmond who made his name with investments in companies such as restaurant chain Pizza Express, pub group Punch Taverns...
...Mr Osmond made his name with investments in companies such as Pizza Express and Punch Taverns....
...- Invasion of the foreign lenders - Punch taverns may ditch 6,000 pubs to slash debt From The Telegraph, - Ireland gets £72bn bail-out in attempt to stem contagion - O’Neill says euro faces ‘black swan...
...Punch Taverns jumped 11.7 per cent to 74½p after the pub operator said it was likely to meet full-year forecasts after sales improved at its managed division....
...Punch Taverns gained 5.4 per cent to 62¼p following a Sunday newspaper report that the group might consider spinning off its 5,500 tenanted pubs to bondholders in order to shed the £2.6bn debt tied to them...
...Punch Taverns climbed 6.6 per cent to 69¼p after a report that private equity groups including CVC and TPG were interested in buying some or all of its assets....
...Dubai Holding, which accounts for large parts of the domestic economy as well as holding a portfolio of international assets, may be hoping to piggy-back on optimism generated by a Dubai World proposal that...
...- Corporate: Leisure & Gaming, Punch Taverns, Persimmon, CLS, Cairn Energy, Celsis, Severfield-Rowen, Aggreko, Derwent London, Hiscox, Regus, Kerry, White Young Green, Oerliken, Gemalto, Air Berlin....
...Punch Taverns led the mid-cap fallers, down 6.5 per cent to 72¼p as brokers cut forecasts in response to Wednesday’s trading update....
...Among the mid-caps, Punch Taverns jumped 21.7 per cent to 131p, after a trading update showed disposals accelerating and debt being paid down faster than investors had expected....
...Nobody was immediately around to piggyback. “We were like pigs in mud,” Bruce Karsh, co-head of Oaktree, recalls fondly....
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