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Boral says reject opportunistic Seven Group bid


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John Wylie’s Tanarra Capital says the Kerry Stokes-controlled Seven Group is trying to gain control of Boral without paying a premium and also urged the building products group to sharply accelerate its plans to install a new board chairman.
Mr Wylie, the investment banker turned private-equity-style investor, said if Seven Group reached its aim of 30 per cent of Boral it would have effective control.
The Boral board says shareholders should reject the Seven Group offer, which offers no premium. 
“Self-evidently there’s no premium in the bid. It’s trying to gain control without paying a premium,” Mr Wylie said. ....

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NIE Finance plc - Annual Financial Report


NIE Finance plc - Annual Financial Report
PR Newswire
- £350,000,000 2.5 per cent Guaranteed Notes due 2025 (ISIN XS1820002308); and
- £400,000,000 6.375 per cent Guaranteed Notes due 2026 (ISIN XS0633547087).
each unconditionally and irrevocably guaranteed by Northern Ireland Electricity Networks Limited.
In accordance with Listing Rules 17.4.7 and 17.3.4, the Report and Financial Statements for the year ended 31 December 2020 for each of Northern Ireland Electricity Networks Limited and NIE Finance PLC have been uploaded to the National Storage Mechanism and will shortly be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism and are available on Northern Ireland Electricity Networks Limited s website at http://www.nienetworks.co.uk/about-us/investor-relations ....

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Vodafone Sales Rise After Germans Spend More on Broadband


Vodafone Sales Rise After Germans Spend More on Broadband
Bloomberg
2/3/2021
© Photographer: Jason Alden
Vodafone store in London, U.K.
(Bloomberg) Vodafone Group Plc’s sales rose unexpectedly for the first time since March after German consumers stuck at home during the pandemic spent more on mobile and broadband services. Its shares rose 3.2%.
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The Newbury, England-based mobile carrier said third-quarter organic service revenue rose 0.4%, compared to the 0.2% decline expected by analysts.The company stuck to its guidance for full-year adjusted earnings before interest, taxes, depreciation and amortization of between 14.4 billion euros and 14.6 billion euros ($17.3 billion-$17.6 billion).
Key InsightsCable customers in Germany upgraded to costlier plans during the quarter, helping to vindicate Chief Executive Officer Nick Read’s purchase of Liberty Global’s German fixed business Unitymedia.The sales gain follows two ....

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