United Biscuits up for sale

first_imgBiscuit maker United Biscuits has formally put itself up for sale by sending financial packs to potential buyers.Premier Foods and RHM are both expected to have asked for the information and first-round bids are thought to be due by the end of this month. However, United Biscuits’s future will be decided ultimately by Kraft, which has a pre-emptive right to match any bid for the group. The company is expected to be worth at least £2.3 billion but it has £1.8bn of net debt to contend with.last_img read more

Market Cap of U.S. Coal Companies Continues to Fall

first_imgMarket Cap of U.S. Coal Companies Continues to Fall FacebookTwitterLinkedInEmailPrint分享Christopher Coats for SNL:The combined market value of major publicly traded U.S. coal producers continues to erode, now standing at approximately $4.59 billion, or 4.7% less than in November 2015, according to an S&P Global Market Intelligence analysis.Since April 2011, the group of 13 U.S. coal producers has lost more than 92% of its value, with the companies’ combined market capitalization falling from $62.5 billion to $4.59 billion amid historically weak coal market conditions.Foresight Energy LP, which has struggled to resolve negotiations with the trustee of its 7.875% senior notes due 2021, showed a 68.6% drop from the last analysis to just $188.7 million in March. Foresight has extended negotiations with the trustee several times since the beginning of the year after a Delaware court ruled against the company in December 2015 in a case brought by the trustee of the bondholders. The latest extension of the negotiations expires March 22.Meanwhile, Peabody Energy Corp. showed a 78.9% drop from the previous period to just $46.4 million. The company recently issued a notice to investors indicating substantial doubt as to whether the company will be able to continue as a going concern and warned of a potential Chapter 11 bankruptcy reorganization. In April 2011, Peabody was far and away the most valued U.S. coal producer with a market capitalization of $19.68 billion.Having filed for bankruptcy protection since November 2015, Arch Coal Inc. saw an expected decline, falling from $22.4 million to just $4.9 million on March 19. Like Alpha, Walter Energy Inc. and Patriot Energy before it, Arch is now in the process of navigating bankruptcy reorganization.Arch recently announced that it would suspend its efforts to secure a mining permit for the Otter Creek Coal reserves near Ashland, Mont., reflecting the difficult challenges it now faces as it moves forward.Full article ($): CONSOL bucks trend, but market value keeps eroding for most coal producerslast_img read more

Martinez: No new bids for Everton duo

first_img Martinez told Sky Sports News: “Not at all. And I know that probably that’s not something that you want to hear but it’s clearly what it’s been in the last two or three weeks. “Everyone is really focused to try to fight for that starting spot at the beginning of the season. The competitive level in this group is quite impressive. “I wouldn’t want to stop the speculation, I do think the speculation is healthy. “If we’ve got clubs talking about our players, I’ll take it as a compliment because the players have been impressing and doing really well. “But we are in a great position financially and we want to start the season with the best possible squad that we have, and for that we have to work extremely hard.” Asked if he was surprised the club have not received another bid for Baines, Martinez added: “The last concern I have is what other clubs are doing.” Everton have not received any fresh bids for Leighton Baines or Marouane Fellaini, according to manager Roberto Martinez. Left-back Baines was the subject of an offer from Manchester United last month while Fellaini has also been linked with a move to Old Trafford to join former Everton boss David Moyes. There have been rumours that Moyes will return with an improved offer for Baines but Martinez, who succeeded the Scot in the Goodison hotseat, insists that has not yet been the case. center_img Press Associationlast_img read more

Donagh Kelly to get Local Enterprise Week off to a flying start

first_imgThere’s no better spot for motorsport enthusiast Donagh Kelly than to be out in front and leading the way.And that’s exactly where he will be on Monday next, 5th March when he puts his foot to the floor to kick off Local Enterprise Week in Donegal with a keynote address in the Solis Lough Eske in Donegal Town.Following the official launch by Cathaoirleach Cllr. Gerry McMonagle, Donagh will share the story of how the KN group has grown to become, not just a national business, but an international one too. His talk is just one of many in a superb line-up of events across the county during Local Enterprise Week that runs from March 5-9 and will be followed at the same venue by a super discussion on building a niche business.That panel discussion, hosted by Business Consultant Jim Meehan, will include Karen Campbell of Irish Pressings from Derrybeg, Eugene McBrearty of the KER Group in Killybegs and Michael Masterston, of Moll Industries in Donegal Town.Head of Enterprise in Donegal, Michael Tunney, said businesses across the county would be urged to look to the future with confidence over the course of the week.“Every business can look back to where they have been, but they should also be always looking ahead to where they want to go. That’s what we are inviting Donegal businesses to do this year. “Our theme for Enterprise Week is ‘Back to the Future’ and the programme we have put together in conjunction with partner agencies, includes talks, workshops and seminars on a huge array of important business topics,” he said.Six Donegal businesses certainly looking to the future with confidence will feature strongly on Monday night at a celebration of manufacturing in Donegal.Included in that line up are O’Donnell’s Bakery from Laghy; MacBride Brothers Joinery from Convoy; Joe Bonnar Metalcraft, Letterkenny; Welditz from Carndonagh; Silver Strand Rope Works from Moville and Diorite from Buncrana.Their stories will be told on screen in “Donegal – We Make Things” in Buncrana Cinema on Monday 5th March at an event hosted by broadcaster Anton Savage, that will also see the launch of a book of the same name charting their stories.Those events are just a few of a packed line up from the week and Head of Enterprise in Donegal, Michael Tunney, said they were delighted to once again to have some fantastic local, national and international speakers bringing their expertise and experience to the county. “We are certain that there will be terrific learning and networking opportunities for businesses every day,” he added.Indeed there are events to pick from at locations right around Donegal and all are free to attend.To book events, log on to www.localenterprise.ie/donegal or send an e.mail to [email protected] or phone 0749160735.Local Enterprise Office Donegal is supported through co-funding from the Irish Government and the European Regional Development Fund 2014 – 2020. Donagh Kelly to get Local Enterprise Week off to a flying start was last modified: February 28th, 2018 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)Tags:2018Donagh KellyLEOLocal Enterprise Weeklast_img read more