SUBSCRIBER-ONLY ARTICLE
The City: Britvic gets ready for market
Takeovers and flotations have been a feature of the London stock market this year. The economics are simple. Interests rates are comparatively low and seem set to remain so, but company profitability has been rising. Cash-rich groups are therefore attracted to the cheapness of buying profitable assets and cash flow rather than investing in organic development. And while institutions flush with cash are seeking an income-generating home, the conditions are right for deals and restructuring. ...
This article is only available to subscribers to Harpers. Subscribers have access to the complete archive of Harpers online, going back to 2002, as well as full access to the Harpers Wine and Spirit Directory. As a subscriber, you would also be able to take advantage of the new keyword alerts service.
|
