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Daily Archives: October 3, 2020

Priory is put up for sale AGAIN at £1bn

The American owner of the Priory Group has confirmed that Britain’s largest private mental healthcare provider is back on the market for an estimated £1billion. Debbie Osteen, head of US-listed Acadia Healthcare, which owns the Priory, said in a statement: ‘We have notified potential buyers that we will shortly relaunch …

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STOCK WATCH: Has Martin Sorrell set up a blockbuster deal?

Sir Martin Sorrell, the ad man who built WPP into a multi-billion-pound marketing giant, is said to be on the cusp of launching his boldest deal yet. Last week reports suggested Sir Martin, whose new vehicle is called S4 Capital, spent the summer tending to his ‘lemons and oranges’ at …

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Number of job hunters chasing junior job in offices more than doubles

The number of job hunters chasing each entry-level role in offices has more than doubled since the Covid crisis struck. Data from Britain’s biggest recruiter Reed show that the most sought-after positions on its website are office jobs for assistants, administrators and people in customer services. Office assistant jobs now …

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Cobham under fire over break-up ploy

Lady Cobham has called on Ministers to intervene after the US owner of defence giant Cobham launched a major break-up of the £4billion British firm. City sources said private equity firm Advent had quietly sold off Cobham’s shareholding in a Royal Air Force refuelling company and appointed heavyweight bankers to …

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MIDAS SHARE TIPS UPDATE: Kettle firm Strix is boiling nicely

The pandemic has accentuated our love of a cuppa. With more of us working from home, tea and coffee breaks are more frequent and Strix should benefit from this trend. The company leads the world in the design, manufacture and supply of kettle safety controls. These allow kettles to switch …

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UK economy sees 5% growth in August

The economy grew 5 per cent in August, figures this week are expected to show, in a bounceback that will go some way to recovering ground lost in the first half of this year. The latest growth figures, due on Friday, come as economists are becoming gloomier about the outlook …

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