CASH BID Outsourcer Capita is planning to sell off up to six or seven of its businesses in a bid to raise cash and prevent a collapse similar to Carillion.
More than £1billion was wiped off Capita’s value in January after it issued a profit warning and boss Jonathan Lewis said it needed a major overhaul.
SHARE SALE Investment firm AJ Bell is considering a £500million listing on the London Stock Exchange, giving its 172,000 customers the chance to buy shares and cash in on the float.
The listing is expected later this year in a bid to raise the 23-year-old company’s profile.
BUILDER BOOM Northern housebuilder Avant Homes is aiming to double the number of homes it builds to 4,000 per year by 2023.
In a trading update the builder said it was on track to increase full-year revenues by 25 per cent ahead of annual results for the year to April 27.
LENDER LISTING Peer-to-peer lending firm Funding Circle has hired four banks to help with plans to float on the London Stock Exchange.
Merrill Lynch, Goldman Sachs, Morgan Stanley and Numis are said to be leading the listing worth £2billion.
REVERSE BET Hedge Funds are shorting the AA after a share price crash of 70 per cent over the past year, making it the second-most shorted stock on the London Stock Exchange.
Short-sellers hoping to make a killing are betting its shares will sink further.
VIRTUAL FLOAT Virtual reality firm VR Education Holdings will join AIM today after raising £6million to develop its virtual reality learning scheme for the education sector.
It has already partnered with Oxford University and the BBC to provide its training programmes.
CHIP TAKEOVER Silicon Valley giant Intel is eyeing a £72.2billion bid for rival microchip firm Broadcom as it fights to become the dominant player in the smartphone market.
The plans come after chip maker Qualcomm rejected an £84billion bid from Broadcom.