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Security group G4S is up 2.6p at 261.1p after it rejected a £1.55bn bid from private equity group Charterhouse for its cash solutions business.
G4S Cash Solutions, a company that provides armored-car services, confirmed that the victims were employees who had been servicing cash machines on campus.
The company is also selling a Canadian cash solutions business and a US data storage company for a total of £100m, which combined with other announced US sales and imminent deals will generate £250m.
Weekend reports that private equity group Charterhouse Capital could be interested in buying the company's cash solutions business for £1bn have sent its shares soaring 4%, up 9.7p to 251.7p.
Among the risers, G4S added 8.5p to 250.5p after weekend reports that private equity group Charterhouse Capital could be interested in buying the outsourcing company's cash solutions business for £1bn have sent its shares soaring 4%, up 9.7p to 251.7p.
DealBook » British Firm Said to Consider Bid for Unit of G4S | Charterhouse Capital Partners, a British private equity firm, is considering making a roughly $1.6 billion offer for the cash solutions business of G4S, the world's biggest provider of security services, Bloomberg News reports, citing three unidentified people familiar with the matter.
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Most of the early digital-cash solutions required users to download hard-to-use software, known as digital wallets, that encoded money in an encrypted format; consumers simply refused to go to all that trouble just to pay for something.
Banknote print volumes were down 10% in the first half, while its cash processing solutions division will make a loss for the year.
Prior to Johnson, Daniel was an associate in Deutsche Bank's Working Capital Advisory group, where he originated and structured trade financings and cash management solutions for corporate clients.
Technology: Providers of mobile banking and cash transfer solutions are doing particularly well in the economy due to the country's multi-currency exchange regime and low availability of U.S. dollars.
"There's definitely a race out there to be second among businesses in all sectors," says Pitts, noting that unfortunately many large companies focus their R&D on short-term challenges and would rather sit back and wait for proof of concept than stump up the cash for solutions that may well fail.
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