Waterstone to try again

Article Abstract:

Tim Waterstone is likely to make a new approach to WH Smith, though it is not clear whether he has the funds to make a bid. He is understood to feel that value could be lost through a hostile bid. He has been a catalyst for change at WH Smith, since the company has announced that Waterstone's is to be demerged and music businesses are to be disposed of. They are 75% of Virgin Our Price and The Wall, a subsidiary in the US. Waterstone proposes making more disposals to focus on books, newspapers and stationery.

Book Stores, Bookstores, WH Smith Group PLC

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Worlds apart

Article Abstract:

A bid for Littlewoods by Iceland and N Brown would be especially beneficial for N Brown. N Brown is a mail order concern which would pay 650 million pounds sterling to acquire the pools and mail order operations of Littlewoods. Iceland would pay 450 million pounds for the retail outlets and take on debts. The Littlewoods mail order business would complement that of N brown and increase its turnover fivefold. Cost cutting and distribution restructuring could boost margins in the new concern.

Mail Order Houses, Electronic Shopping and Mail-Order Houses, Catalog and mail-order houses, Mail order business, Iceland Frozen Foods Holdings PLC, Littlewoods Organisation PLC, N. Brown Group PLC

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How to turn 5 million pounds sterling into more than 370 million pounds in just one day

Article Abstract:

Maybeat is to reverse into Knutsford, which has a small leather apparel operation and 5.48 million pounds sterling in cash. Knutsford also has four famous names from the business world, including real estate investors, Nick Leslau, and chairman of ASDA, Archie Norman. The company aims to acquire undervalued businesses in real estate, leisure and retailing. Knutsford's stock price has risen to unexpectedly high levels, and the company has pointed out that its assets are limited.

Knutsford

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