London stock exchange

  1. HMV Selling Waterstone's Book Unit for $86 Million

    May 20, 2011 7:23 AM EDT LONDON - Struggling entertainment retailer HMV Group PLC said Friday it is selling its Waterstone's bookshops to raise 53 million pounds ($86 million). The sale of the bookstore chain to A&NN Capital Fund Management Ltd. comes ahead of a ...

  2. Chrysalis Sees Royalties Growing Next Year

    October 15, 2010 12:00 AM EDT Chrysalis said on Friday (Oct. 15) it expected to grow its consolidated royalties next year as it would continue to build on its current year performance, driven by albums from artists like Cee-Lo Green. With a promising autumn/winter release sche ...

  3. HMV Secures Mama Group Shares

    February 01, 2010 12:00 AM EST U.K. entertainment retailer HMV Group said it has secured acceptances of 56.4% of the shares in live venue joint venture partner Mama Group. HMV had the backing of the share-holding Mama company directors for its Dec. 23 offer of 5.4 pence (8.6 ce ...

  4. E1 Entertainment Eyes Survival Tactics

    February 10, 2009 12:00 AM EST Canadian producer/distributor E1 Entertainment has launched a strategic review of its business but plans to keep it intact. Toronto-based E1 said poor U.S. music sales have prompted a restructuring of Koch Entertainment, the New York-based CD dist ...

  5. HMV Posts £27.5m Six-Month Loss

    December 11, 2008 12:00 AM EST Retail group HMV suffered a pre-tax loss of £27.5 million ($41.2 million) in the 26 weeks ended Oct. 25. After the company's interim results were published at 7am GMT this morning, HMV Group shares fell on the London Stock Exchange from last ...

  6. Updated: Woolworths Set To Enter Into Administration

    November 26, 2008 12:00 AM EST The board of Woolworths is set to approve a decision to put its retail and distribution businesses into administration from tomorrow (Nov. 27). The board met at 6pm U.K. time to finalize the decision. A source has confirmed to Reuters that consult ...

  7. Woolworths Falls On Concern It Won't Sell Stores

    November 21, 2008 12:00 AM EST Shares in Woolworths Group PLC plunged 29% Friday (Nov. 21) on rising market concerns the company might not be able to sell its debt-ridden retail business because of a lack of support from investors. Shares in Woolworths, hit hard by a slowdown i ...

  8. HMV's Profits Rise As Chairman Symon Splits

    July 01, 2008 12:00 AM EDT British market-leading music and entertainment retail chain HMV Group Plc achieved a 25% rise in annual profit during the first year of its transformation strategy, and is now "ahead of where we expected to be," according to its CEO Simo ...

  9. SMG Sells Virgin Radio For £53.2 Million

    June 02, 2008 12:00 AM EDT British commercial media group SMG Plc has reached an agreement to sell Virgin Radio to India's TIML Golden Square Ltd. for £53.2 million ($105 million) in cash. In a statement issued today to the London Stock Exchange, Glasgow- based SMG ...

  10. MAMA Group Acquires Festival Operator Angel Music

    April 18, 2008 12:00 AM EDT MAMA Group has acquired dance music festival operator Angel Music Group in a deal worth £2.65 million ($5.2 million). The latest acquisition means that MAMA Group has bolstered its festival portfolio, which already includes investments in the Love ...

  11. Chrysalis Off The Market

    April 15, 2008 12:00 AM EDT Chrysalis Group Plc is no longer for sale. The London-based music company has rejected a 155 pence-per-share cash offer, which would have valued the business at about £104 million ($205 million), and terminated formal discussions with potential ac ...

  12. Chrysalis Confident On Music Division

    November 20, 2007 12:00 AM EST On the back of a "best-ever" year for its music division, Chrysalis Group plc today gave an upbeat assessment of its future, while reporting losses for its most recent financial period which were in line with expectations. The London-bas ...

  13. Chrysalis Group Promotes Lascelles To CEO

    September 25, 2007 12:00 AM EDT Jeremy Lascelles has risen to CEO of Chrysalis Group plc as part of a wider reshuffling of the British music and media firm's board. Lascelles, until recently CEO of the Chrysalis Music Division, replaces Richard Huntingford, who has resigned ...

  14. Sales Boost Give HMV 'Pleasing Start'

    September 06, 2007 12:00 AM EDT HMV Group plc is boasting a positive turn in its fortunes with double-digit sales growth in its first quarter, the music and entertainment retail giant reported today. Group sales for the 18 weeks ending Sept. 1 were up 12.2%, with like-for-like r ...

  15. Nicoli: EMI's Terra Firma Future Bright

    August 29, 2007 12:00 AM EDT EMI's outgoing chief Eric Nicoli has assured employees that the business is in safe hands with its new owner, the Terra Firma equity house. In an internal letter issued to EMI's artists, writers and staff, Nicoli presented a promising fu ...

  16. Hands On Deck As Terra Firma Jettison Nicoli

    August 29, 2007 12:00 AM EDT EMI Group's new owners Terra Firma have ousted Eric Nicoli and shaken-up the music company's board. Nicoli, the CEO of EMI Group and EMI Music, has agreed to "step down" ahead of the music major's expected Sept. 18 de-list ...

  17. Brit Retailer Choicesuk Hits The Wall

    August 21, 2007 12:00 AM EDT British DVD and music retailer ChoicesUK has called in the administrators and suspended trading in its shares on the AIM section of the London Stock Exchange. ChoicesUK has 170 outlets focusing on DVD and computer games for sale and rental. The co ...

  18. Ex-Chrysalis Radio Chief Huntingford Joins Virgin Radio

    August 20, 2007 12:00 AM EDT Former Chrysalis Radio Group CEO Richard Huntingford is to become non-executive chairman of Virgin Radio Holdings, ahead of parent company Scottish Media Group's plans to float the firm in late Fall. In a statement issued today to the London ...

  19. EMI To Cancel LSE Listing On Sept. 18

    August 17, 2007 12:00 AM EDT EMI Group plc expects to de-list from the London Stock Exchange on Sept. 18 as it prepares for a new era under the ownership of equity house Terra Firma, the British music major reports. In a statement issued to the London Stock Exchange, EMI said ...

  20. Ayling Flies Out Of Sanctuary

    August 13, 2007 12:00 AM EDT Sanctuary Group chairman Robert Ayling and three non-executive directors are no longer on the board of the music company. Ayling and his colleagues James Wallace, Tina Sharp and John Preston leave less than a fortnight after Universal Music Group& ...

  21. UMG Seals Sanctuary Buyout Deal

    August 02, 2007 12:00 AM EDT Universal Music Group will take London-based Sanctuary Group plc into private hands after today winning shareholder approval for a buyout. In a statement issued just before the close of trading on the London Stock Exchange, UMG confirmed it had re ...

  22. Terra Firma Reaches EMI Shareholder Goal

    August 01, 2007 12:00 AM EDT Terra Firma has cleared one of the final hurdles in its proposal to buy out EMI Group plc. Just after the final deadline closed on the acquisition process this afternoon, the private equity firm announced to the London Stock Exchange that it had s ...

  23. Murphy Splits With U.K.'s MAMA Group

    August 01, 2007 12:00 AM EDT Philip Murphy, COO and company secretary of MAMA Group plc, has stepped down from the London-based media and marketing firm. Together with Adam Driscoll, Murphy co-founded in 1999 Channelfly plc, the company from which MAMA was established. Murphy ...

  24. Terra Firma Extends EMI Deadline

    July 30, 2007 12:00 AM EDT European private-equity firm Terra Firma has extended until Aug. 1 its deadline to buy-out EMI Music Plc, after reporting almost 85% shareholder approval for the deal. By 5pm on July 27, the private-equity company had clinched 84.94%, Terra Firma ...

  25. OFT Clears Universal's Sanctuary Deal

    July 20, 2007 12:00 AM EDT The U.K.'s Office of Fair Trading (OFT) has cleared Universal Music Group's (UMG) acquisition of the financially troubled Sanctuary Group. The clearance comes after Centenary Music Holdings, UMG's bid vehicle, made a June 15 cash bi ...

  26. Terra Firma Closing In On EMI

    July 20, 2007 12:00 AM EDT More than a quarter of music giant EMI's shareholders have accepted Terra Firma's takeover offer, the European private equity firm said today. By 1pm ET yesterday (July 19), Terra Firma's proposal had garnered 26.19% acceptance amon ...

  27. Fifield Pulls Out Of EMI Hunt

    July 18, 2007 12:00 AM EDT Terra Firma's route to acquire EMI Group has cleared substantially after potential suitor Jim Fifield joined Warner Music Group in pulling out of the race. Fifield, the former CEO of EMI Group, had declared on May 25 his interest in making a ...

  28. UMG's Sanctuary Offer Extended

    July 13, 2007 12:00 AM EDT Universal Music Group has extended until July 26 its cash offer to buy the financially-troubled British independent firm Sanctuary Group. On June 15 , UMG-subsidiary Centenary Music confirmed its intention to acquire Sanctuary at 20 pence ($0.40) ...

  29. Terra Firma Extends EMI Offer Deadline

    July 13, 2007 12:00 AM EDT Terra Firma has re-extended its deadline to buy-out EMI Group Plc after the private equity firm failed again to achieve total shareholder approval. By 1pm ET yesterday, Terra Firma had collected only 3.82% of EMI's existing issued ordinary sh ...

  30. Warner Music Eyes EMI As Deadline Looms

    July 11, 2007 12:00 AM EDT Ahead of tomorrow's U.K. Takeover Panel deadline, Warner Music Group (WMG) appears to be ramping up its next move for a possible acquisition of EMI Group Plc. According to reports, WMG has appointed Alan Mnuchin, of Wall Street investment ban ...

  31. Terra Firma Extends EMI Bid Timeline

    July 05, 2007 12:00 AM EDT European private-equity firm Terra Firma has extended the deadline to July 12 on its £2.4 billion ($4.84 billion) acquisition bid for EMI Group Plc. Terra Firma issued a statement Wednesday declaring that the offer "is being extended and will ...

  32. HMV Annual Profit Down, Current Sales Up

    June 28, 2007 12:00 AM EDT British retail giant HMV Group admitted today it had suffered a "difficult" financial year. Pre-tax profits for the music-and-books specialist retailer slumped 73% to £21.6 million ($43 million) in the financial year ending April 28, fro ...

  33. EMI Sale Deadline Extended

    June 28, 2007 12:00 AM EDT Terra Firma, the European private equity firm, has extended the deadline required for EMI Group Plc to accept its £2.4 billion ($4.7 billion) acquisition bid to July 4. Terra Firma had originally given EMI, the U.K.-based multinational music compa ...

  34. Sanctuary Sells Air Edel Stake

    May 29, 2007 12:00 AM EDT Financially-troubled British independent music firm Sanctuary has sold its stake in Air Edel for almost half a million pounds. In a statement issued this morning to the London Stock Exchange, Sanctuary said it had "disposed of its interests i ...

  35. Fifield Interested In EMI Bid

    May 25, 2007 12:00 AM EDT Former EMI chief Jim Fifield is interested in potentially making an offer for EMI Group plc. In a statement issued to the London Stock Exchange by Corvus Capital, the investment management firm said it had been working with Fifield on a bid before ...

  36. Woolworths To Supply U.K. Retailer Asda With CDs, DVDs

    May 25, 2007 12:00 AM EDT Entertainment UK (EUK), the entertainment wholesale subsidiary of British retailer Woolworths Group plc, has struck an agreement in principle to supply entertainment products to the Asda supermarket chain. Through the deal, unveiled today, EUK wil ...

  37. Viacom, TV18 Launch India JV

    May 23, 2007 12:00 AM EDT Viacom Inc and New Delhi-headquartered diversified media company TV18 Group on Tuesday unveiled a new 50/50 joint venture, Viacom-18. The strategic alliance, which is subject to regulatory approval, will create a multi-platform entertainment compa ...

  38. 'Challenging Year' Hits EMI's Bottom Line

    May 21, 2007 12:00 AM EDT On an eventful day for EMI Group plc, the music major has confirmed revenue declines at both its recorded music and music publishing divisions, and reported a steep fall in full-year earnings. The group's preliminary results, which cover the ...

  39. EMI Backs Terra Firma Bid

    May 21, 2007 12:00 AM EDT EMI Group has recommended its investors accept a cash offer for the company from European private equity firm Terra Firma, for 265 pence per share. The sum, offered through Maltby, a newly-incorporated company formed by Terra Firma, values the mus ...

  40. Sanctuary In Takeover Approach

    May 18, 2007 12:00 AM EDT Sanctuary Group, the financially troubled British music company, is in the crosshairs of a takeover move. Following a significant rise in the independent company's shareprice, Sanctuary confirmed today that it "has received approaches fr ...

  41. Warner In The Mix For EMI Group Bid?

    May 18, 2007 12:00 AM EDT EMI Group is understood to have opened its books up to a slew of potential suitors, including Warner Music Group. Warner Music Group has been quiet of late, with regards to its evergreen interest in EMI. WMG had earlier put forward an offer, which ...

  42. Koch Acquires Navarre Ent. Media

    May 14, 2007 12:00 AM EDT Koch Entertainment has signed a definitive agreement to purchase Navarre Entertainment Media for $6.5 million, the two companies confirmed. The deal, which was first tipped on Billboard.biz , is subject to customary closing conditions and is expec ...

  43. Update: Interest For EMI Heats Up

    May 08, 2007 12:00 AM EDT Many Londoners know the feeling. You wait an age for a bus, then three come along at once. EMI Group has been waiting some time for that metaphorical bus. And as it so happens, three have come along. As reported here last week, the London based ma ...

  44. EMI Suitors Circle, Stock Soars

    May 04, 2007 12:00 AM EDT British music major EMI Group plc said Friday it has received "a number" of approaches for its business. The company confirmed the situation in a concise statement issued this morning to the London Stock Exchange and posted on EMI's ...

  45. Sanctuary Eyes Profitability By 2008, Or Later

    April 25, 2007 12:00 AM EDT British independent music firm Sanctuary Group Plc today warned that its recorded product division "continues to suffer," adding that it would not achieve overall profitability until 2008 or later. In a trading update to the London Stock ...

  46. EMI Music Revenues Shrink By 15%

    April 18, 2007 12:00 AM EDT Against a backdrop of "very challenging" market trends, EMI Group Plc is forecasting a 15% contraction in revenues from its recorded music division. In a trading update delivered this morning to the London Stock Exchange, the British-bas ...

  47. Chrysalis Upbeat On H1 Performance

    March 21, 2007 12:00 AM EDT Independent British music and media firm Chrysalis Group Plc said on Wednesday its first-half trading was "broadly in line" with expectations, and claimed its music and radio operations were "well placed" to outperform their re ...

  48. MAMA Buys London Forum

    March 16, 2007 12:00 AM EDT U.K. promoter and venues operator Mean Fiddler has reached a deal to sell the London Forum entertainment venue for £1 million ($1.9 million). MAMA, a media and marketing group quoted on the Alternative Investment Market segment of the London Stock ...

  49. Cunning Fox Outlines HMV Survival Plans

    March 13, 2007 12:00 AM EDT British market-leading music and entertainment retailer HMV Group plc this morning issued a profit warning and unveiled a "radical" three-year review of the company's operations. The company's stockprice fell 11.29% in morning ...

  50. Woolworths Chairman Corbett Splits

    March 02, 2007 12:00 AM EST Gerald Corbett, chairman of British retail giant Woolworths Group, is to abdicate after six years in the role. With effect from the company's annual general meeting on June 6, Corbett will hand over the reins to Richard North. North has serve ...

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