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Hunter further increases his stake
Tom Hunter’s West Coast Capital investment vehicle has taken its stake up to 21.4% by acquiring a further chunk of shares at 1800p a share.
20 June 2007
Green light to shine at HTA conference
This year’s HTA conference will not only be distinctly green in its business agenda, but will also be the first major carbon neutral event in the garden industry.
20 June 2007
Hunter gets his 25%; Tesco reduces conditions for shareholders
Another day, another Dobbies tale to relate.
Sir Tom Hunter has gained 25.57% to block Tesco's cash bid, however it has emerged that Tesco reduced the acceptance level to shareholders saying its bid would be valid with only 50% of the shares taken.
20 June 2007
Akzo Nobel's cash offer for ICI could trigger competing bids
Speculation is mounting that after Akzo Nobel's £7.2bn offer for ICI, any one of a number of bidders – including BASF, DuPont, Dow Chemical, and private equity – will come in to try and trump the Dutch paint giant.
18 June 2007
Cerberus ties up deal for Focus
Focus DIY was sold today to Cerberus. The private equity firm will pay off debts of £174m to bondholders, and bring in two former Wickes directors.
18 June 2007
‘Two Bills’ set for Focus DIY
Two men who revived the fortunes of Wickes in the 1990’s are set to be asked to repeat the trick at troubled Focus DIY.
17 June 2007
Battle lines drawn as Sir Tom Hunter increases his stake in Dobbies
Sir Tom Hunter shows no sign of backing down in the face of Tesco's £156m bid after acquiring a further 10% of Dobbies' shares with backing from investment bank Kaupthing Singer & Friedlander.
14 June 2007
Focus confirms sale talks
Focus DIY has today (Thursday June 14) confirmed it is in talks with US hedge fund Cerberus about a sale of the company.
14 June 2007
Argos and Homebase see sales increase
Chief Executive Terry Duddy is pleased with Home Retail Group's 'strong start' to the new financial year.
14 June 2007
New chief executive for NWF Group
NWF Group has announced the appointment of Richard Whiting to the board as chief executive designate as of October 1, 2007.
12 June 2007
Sir Tom Hunter mulls over counter-bid for Dobbies
It is looking increasingly likely that Tesco will be drawn into a bidding war for Dobbies after it emerged that one of its major shareholders, Sir Tom Hunter, is in talks with rival retailers, including Marks & Spencer.
11 June 2007
Home improvement 'on the up'
UK diyers hope to add £5,000 to value of their property with improvements carried out in the last 12 months.
11 June 2007
Butterfly Elite to close UK subsidiary
Butterfly Elite, suppliers of stainless steel housewares, is in discussions whether to close its UK subsidiary in Eastbourne.
11 June 2007
Tesco is shock bidder for Dobbies
Tesco, has emerged as the shock bidder for Edinburgh-based Dobbies Garden Centres.
8 June 2007
Good start to the year for Screwfix
First quarter results for Screwfix have been encouraging and showed sales growth of 25.9% to £103 million in the 13 weeks ending May 5, 2007.
8 June 2007
HTA welcomes Tesco's proposed acquisition
In the short term, the gardening industry should be cheered by Tesco’s proposed acquisition of Dobbies, the HTA said.
8 June 2007
Tasker’s undertakes overhaul and re-positioning of brand
One of Liverpool’s premier home improvement outlets is re-working its appeal with changes to its website, product mix and internal store environment.
7 June 2007
Industry leaders confirm support for DIY & Garden Show and Totally Tools
Brintex, organiser of the London DIY & Garden Show and Totally Tools, has confirmed that leading trade associations and retail marketing groups are in place for its 2008 show.
7 June 2007
Dobbies offer on the table
The spotlight is on Sir Tom Hunter this week after private equity house Apax revealed it was ready to pay an estimated £143m for the garden centre chain.
7 June 2007
Calling the best in gardening
GIMA has launched its search for the best in gardening products for the GIMA Awards 2007.
7 June 2007
[View latest news archive by year/month]
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