It is that time of year again when the continuous assessment season draws to a finish and the focus begins to turn to study leave. While the length of study leave will vary for students depending on the level they are at (CAP1, CAP2 or FAE), the firm/company they work for, and the timetable they […]
In October 2018 Greencore Plc announced the sale of its entire US business for just over $1bn (£817m). This was in many ways a surprise as Greencore had only purchased the majority of this business in 2016 but it had struggled to gain train traction in the market since acquisition. After fees, net proceeds came to £802m […]
For any company borrowing money, the issues of the amount to be borrowed, the interest rate charged, and the term of the loan are typically the first things to be focused on when negotiating a lending agreement. However, another key aspect of any such agreement between a lender and a company will be the covenants […]
Funding a business with an appropriate capital structure is a crucial part of any company’s financial management. Funding requirements for a business can vary from day to day operations to capital expenditure and new business acquisitions. The variety of sources of finance with respect to term (e.g. short, medium, and long) and type of finance (e.g. […]
A recent announcement from the UK government that they are undertaking a study on the impact of share buybacks and the possible role they are playing in the inflation of executive pay has put this particular practice in the headlines. From a basic corporate finance perspective, share buybacks (also known as share repurchases) are a method of […]
The recent collapse of Carillion Plc in the UK provides a timely case study for CAP2 SFMA students on the topic of a company in difficulty. Carillion was the UK’s second largest construction contract with a host of public and private construction and facilities management contracts. “How did you go bankrupt?” Bill asked. “Two ways,” […]