Independent News & Media Share Discussion Threads

[keelingr] 07/2/2010 19:04

Talks are progressing between Independent News &Media (INM) and Russian oligarch Aleksandr Lebedev over his proposed purchase of the Independent titles in London.

[lbo] 03/2/2010 11:06

Manchester United bond issue falls flat



Manchester United may be in contention for another Premier League title, but its success on the pitch has worked little magic in the City. The club's first bond issue, launched barely two weeks ago, has become one of the market's worst performers this year.

While the club has secured the £500m ($798m) funding that it needs to refinance its bank debt, the paper losses suffered by investors could affect its ability to return to bond markets.

The bid price of United's £250m of sterling-denominated bonds has dipped to 93% of face value



Quinn group starts talks on its €780m bank and bond debt

[keelingr] 03/2/2010 07:46

Advertising showing signs of recovery...

[keelingr] 02/2/2010 09:15

Sold 7.3% last year for €21.7m...so current 13.5% prob. worth €40-€50m

[lbo] 01/2/2010 19:38

They own 13.5% of €5.8m (€783k)! At best another minority asset to be sold off to try and buy more time off the INM debtholders.

[keelingr] 01/2/2010 17:09

Hey BB - wouldn't quite say heavy on the ISEQ as I've seen much bigger volumes traded recently but decent all the same. Market needs to see decent improvement in results and outlook. Until then don't think it will move much. Offloading the loss-making Independent in the UK could provide a little bump in the meantime...

[bongo bwana] 01/2/2010 16:59

Heavy volume in Irish market today too.

Perhaps the tide is actually turning in our favour.

[keelingr] 01/2/2010 16:52

Net profit up 157pc at INM's India firm

[lbo] 01/2/2010 08:25

Irelands AIG! The only difference is the Irish don't know they bailed them out until now!



The paper also reveals that business advisers PwC, the Quinn Group's auditor, was "given comfort" by the Financial Regulator that action would not be taken against the company that would affect its ability to continue as a going concern in 2008.

It says the regulator also offered Quinn Insurance a derogation from insurance solvency rules to allow it to use a higher proportion of property assets to boost its reserves

[hermana] 31/1/2010 20:45

Just another quick buck merchant. Wont be queueing up for any of his IPO shares thanks.

[lbo] 31/1/2010 20:42

Why Quinn was fined

[lbo] 29/1/2010 21:00

Alexander Lebedev, who bought London's Evening Standard for £1 a year ago, is selling his stakes in the airline Aeroflot and in Russia's largest aircraft leasing corporation back to the Government.

He told The Times in an exclusive interview that the deals would earn him more than £450 million.

Mr Lebedev said that the cash was destined for new projects in Russia and that none would be spent on his burgeoning newspaper interests in Brita

[lbo] 29/1/2010 20:53

Cavan billionaire Sean Quinn's financial heartache is showing little sign of easing following revelations his luxury four star Slieve Russell hotel incurred a loss of €4.5 million for 2008.

[lbo] 22/1/2010 15:18

THE CHIEF executive of State health insurer VHI has said the full extent of the losses incurred by Sean Quinn, owner of rival insurer Quinn Healthcare, on his failed investment in Anglo Irish Bank should be disclosed publicly as they were "relevant" for customers of that business.

In an interview with The Irish Times , VHI chief Jimmy Tolan said the scale of the losses was also relevant for suppliers of services to Mr Quinn's insurance business.

[keelingr] 22/1/2010 07:03

Good news story for IN&M as London titles deal moves closer

[hermana] 21/1/2010 20:25

Doc JT in bed with Q? Surely not fraternising with a sandman that bought a degree with the help of crooked pal fitzpatrick.

[father o toole] 21/1/2010 20:16

herm what do you mean by safe too, i dont think SQ is safe at all, was the doc in with that gang too?

[hermana] 21/1/2010 20:11

FOT,the Doc should be safe too!

[father o toole] 21/1/2010 20:08

indeed lbo, we can only speculate.

[lbo] 19/1/2010 19:06

Not named so we can only speculate which six!



Sean Quinn lost €2.5 billion on his stake in Anglo Irish Bank, according to an internal report completed two weeks before the bank was nationalised a year ago.



A €200 MILLION payout shared by five children of Seán Quinn from his business group during 2008 was used to offset losses on the family's investment in Anglo Irish Bank, according to a spokesman for the family.

[father o toole] 18/1/2010 21:58

lbo

is Sean Quinn one of the six?

[lbo] 18/1/2010 21:50

Six of 10 richest people in Ireland are bankrupt

[lbo] 15/1/2010 14:19

Its all about the DEBT and the creditors! EMPG like INM restructured once already last year but it was not enough to keep the wolves from the door for EMPG. How long before the INM €950m debt holders decide to do the same?

Creditors fear passing of time when vast amounts at stake



'WHEN THERE'S blood in the water the first shark to the carcass gets the best bite," is how one financial expert put it

[hermana] 14/1/2010 21:49

what has flatulent o'c got to do with INM in a direct fashion?