DIRECTORS of department store group Debenhams, led by chairman Peter Jarvis, are expected to recommend a 1.54bn offer from venture capitalist Permira on Monday. The 425p-a-share bid is likely toprompt a rival offer from private equity firms CVC and Texas Capital Partners. Shareholders are looking for at least 450p a share, but want to examine a formal offer.<\/p>\n
Director leaves<\/p>\n
PETER Aspden quit as finance director of logistics group Christian Salvesen.<\/p>\n
He stands to collect two years’ pay, 470,000, which is certain to anger shareholders. Julian Steadman covers his role until a replacement is found.<\/p>\n
Taylor-made<\/p>\n
JENNY Taylor becomes marketing chief at cheapflights.co.uk, the online guide to travel deals.<\/p>\n
City of steel<\/p>\n
CORUS shipped 4,000 tonnes of steel to New York’s Ground Zero the site of two of the September 11 attacks. It hopes to supply a further 3,000 tonnes to rebuild the World Trade Center.<\/p>\n
Abbey’s Italian sale<\/p>\n
ABBEY National is in talks with a number of parties, thought to include Unicredito, about selling its Italian mortgage unit as part of its plans to focus on retail banking.<\/p>\n
Bank rapped<\/p>\n
JAPAN’S Financial Services Agency ordered HSBC Securities Tokyo to suspend stock trading for clients from August 4-6 for violating rules.<\/p>\n
19m placing<\/p>\n
MELROSE Resources is raising almost 19m in a share placing at 1 to expand its oil and gas exploration operation in Egypt. The shares rose 61\/2p to 110p.<\/p>\n
O2 has the number<\/p>\n
BRITISH Telecom’s former mobile arm O2 is to provide BT’s directory inquiry services.<\/p>\n","protected":false},"excerpt":{"rendered":"
DIRECTORS of department store group Debenhams, led by chairman Peter Jarvis, are expected to recommend a 1.54bn offer from venture capitalist Permira on Monday. The 425p-a-share bid is likely toprompt a rival offer from private equity firms CVC and Texas […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-572","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/572","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=572"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/572\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=572"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=572"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=572"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}