BORROWING FEARS One of Britain’s oldest engineering companies is sitting on debt of £1.2bn, accounts reveal – 12 times earnings at Staffordshire aerospace firm Doncasters.
Auditor PwC said it meant the 239-year-old, Dubai-owned firm’s ability to raise credit was uncertain.
MORTGAGE BUYER Credit-checking firm Experian is reportedly eyeing a chunk of mortgage broker London & Country.
L&C is understood to be seeking to sell a 25 per cent stake privately, following this up with a float likely to value it at up to £300million.
BUILDING SELL-OFF Builder Carillion could sell some Middle East operations to raise cash. Its stock fell 70 per cent this year after it revealed an £845million profit hit due to contract problems, replaced its boss and axed the dividend.
They reportedly warned chief executive Andrew Mackenzie he faced a ‘flashpoint’ in spring if progress wasn’t made.
BOOKIE TIE-UP Ladbrokes Coral is said to be considering a sale to online rival GVC Holdings ahead of a curb on fixed-odds terminals – a vital part of Ladbrokes’ business.
It was reported that talks over a £3.2billion tie-up with GVC stalled over regulation fears.
FURNITURE SALE Midlands furniture tycoon Charles Wade may sell two firms to turnaround experts. He is understood to have hired KPMG to flog Feather & Black and Multiyork.Discover More