Tag Archives: Firm

New firm NFEx aims to challenge LME’s base metals trading

A new company, NFEx Markets, is seeking to challenge the London Metal Exchange’s (LME) dominance in industrial metals with plans to launch a trading platform in the first quarter of next year. NFEx will mimic the forward contracts of the LME, which has seen its market share eroded in recent years, in an attempt to attract physical trade,… Read More »

Private equity firm CVC Capital raises record $18 billion

CVC Capital Partners CVC.UL has raised 16 billion euros ($17.98 billion) for its latest flagship fund for private equity investments in Europe and North America, it said on Thursday. The seventh fundraising by CVC is the largest by a European private equity firm, surpassing the 11.2 billion euros raised by Apax Partners in 2007 and the 10.5 billion… Read More »

Nottingham digital agency merges with city web design firm

Nottingham-based Digital marketing agency Hallam internet is merging with BigSpring, a web design and development agency. The deal results in an agency with 36 employees and annual revenues approaching £3m. The combined agency will retain the Hallam brand and Hallam founder and managing director Susan Hallam will continue to lead the business. Hallam said: “I am delighted to… Read More »

Yogurt firm warns on higher milk prices

Danone, the world’s largest yogurt maker, has said it expects a “steep rise” in milk prices this year. The French firm, which makes Activia and Actimel yogurts, said the increase would weigh on profits, but did not say if it would need to raise prices. Danone also said it was implementing cost cuts worth 1bn euros (£850m). Milk… Read More »

Telecoms giant to buy stake in cab-hailing firm Careem

Saudi Arabia’s main phone company, STC, plans to buy a 10% stake in cab-hailing firm Careem. Based in Dubai, Careem is a rival to Uber and has developed a strong presence in the Middle East, North Africa and Pakistan. Such cab-booking firms are particularly popular with women in Saudi Arabia, who are not allowed to drive. In a… Read More »

HK tycoon makes $5.4bn offer for Australian energy firm

Cheung Kong Infrastructure (CKI) has made an unsolicited offer to acquire Australian energy firm Duet Group for $5.4bn (£4.2bn). CKI is a Hong Kong-based conglomerate, owned by billionaire Li Ka-shing. The offer represents a 28% premium on Duet’s share price, when last traded on Friday. Any formal bid by CKI would be subject to approval from Australia’s Foreign… Read More »

UK independent tech firm to buy part of Hewlett Packard

One of Britain’s largest independent technology firms is to announce a multibillion-pound deal to buy part of Hewlett Packard’s software business. Hewlett Packard Enterprise (HPE) will spin off and merge its non-core software assets with Britain’s Micro Focus International in a deal worth $8.8bn (£6.6bn), the companies said on Wednesday. The move is part of HPE chief executive… Read More »

US media firm Liberty Media to buy Formula 1

US firm Liberty Media has confirmed it is buying the racing business Formula 1 for $4.4bn (£3.3bn). The move ends years of speculation about the ownership of the company. Bernie Ecclestone will remain as chief executive but Chase Carey, vice-chairman of 21st Century Fox, will become the new chairman. Liberty Media has stakes in several sports and entertainment… Read More »

SWIFT rejects Bangladeshi claims in cyber heist, police stand firm

SWIFT has rejected allegations by officials in Bangladesh that technicians with the global messaging system made the nation’s central bank more vulnerable to hacking before an $81 million cyber heist in February. The comments were in response to a Reuters story that cited Bangladeshi police and a central bank official as saying that SWIFT technicians introduced security holes… Read More »

Apple Says Not Making an Offer for GPU Firm Imagination Technologies

Apple said on Tuesday it had talked about buying its supplier Imagination Technologies but did not plan to make an offer for the British graphics chip designer at the moment. Shares in Imagination, which counts Applie amongst its top shareholders and whose technology is used in Apple devices including the iPhone and iPad, jumped earlier on Tuesday after… Read More »