Posts tagged: FirstGroup

The property tycoon, the transport company and the brokers...

Wednesday, 6 July 2022, 12:00 am

Back in the aftermath of the 2020 stockmarket crash little old Betaville broke the story of an impending row between property entrepreneur Robert Tchenguiz and a group of well known stockbroking firms, such as FTSE 250-listed IG.

The likes of IG, CMC Markets and Intertrader - which was owned by Ladbrokes owner Entain - had sold out Tchenguiz's 7pc shareholding in FirstGroup during the rout of March 2020 after he allegedly failed to meet margin calls...

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Betaville Intelligence

UNCOOKED ALERT: FirstGroup said to ...

Thursday, 26 May 2022, 8:22 am

Speculation is mounting FirstGroup, the London-listed transport company, has attracted takeover interest.

People following the situation have heard rumours a mystery party is circling FirstGroup with a view to purchasing the business.

However, the indentity of the company interested in FirstGroup remains unclear, said these people following the situation...

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Sunday review on a Monday: Go-Ahead and FirstGroup

Monday, 25 October 2021, 10:33 am

Oliver Gill, the hotshot business hack on The Sunday Telegraph, dug out an interesting line on the weekend about Go-Ahead, the beleguered train operator.

Gill's piece claims Go-Ahead might become a takeover target for FirstGroup after its shares collapsed following news it had hidden £25 million of excess profits from the Treasury. Below is a link to Gill's piece:..

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Tchenguiz carted out of FirstGroup - Part 4

Tuesday, 26 May 2020, 9:29 pm

So, the Tchenguiz / FirstGroup saga rumbles on although probably not in a way the flamboyant property entrepreneur orginally envisaged.

Below is a link to a piece I wrote for the Mail on Sunday this weekend about how several top brokers - such as IG, GVC's Intertrader and CMC Markets, are chasing down Robbie T for the millions they think he owes them after he was carted out of the stock during the March sell off...

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Tchenguiz carted out of FirstGroup - Part 3

Wednesday, 25 March 2020, 7:04 pm

It sounds like there is more to the sale of Robert Tchenguiz's 6pc shareholding in FirstGroup than meets the eye.

Last week, brokers to the flamboyant property entrepreneur forced him to sell is investment after he failed to come up with the "margin" (cash to fund the leveraged position held by spreadbetting firms), say people following the situation...

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