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Thursday, June 9, 2016
New GLI Finance (LON:GLIF) chief sees turnaround “pillars” completed by year’s end: ProactiveInvestors Stocktube
Published on 9 Jun 2016
Andrew
Whelan, chief executive of alternative finance provider GLI Finance Ltd
(LON:GLIF) says, after inheriting a company that had “lost its focus”,
he is concentrating on “simplifying the balance sheet, reducing the
complications within the business, and ensuring the business is
appropriately financed for the future.”
As part of this, GLI is bringing together its Sancus and BMS trading businesses, to create a company with seven divisions in five different locations.
As part of this, GLI is bringing together its Sancus and BMS trading businesses, to create a company with seven divisions in five different locations.
Whelan says the combines business, Sancus BMS, will be “highly profitable”, looking to “make £2.5mln this year and looking to estimate £4.5mln next year”.
He adds that Sancus BMS is the “first pillar” in a three pillar strategy for the company.
The other pillars are working on its asset management business, which the chief executive says is “going to plan” and slimming down its platform portfolio, with everything implemented “hopefully by the end of this year”.
https://www.glifinance.com
@GLIFinanceLtd
http://www.4-traders.com/GLI-FINANCE-LTD-4005451/
http://markets.investorschronicle.co.uk/research/Markets/Companies/Summary?s=GLIF:LSE
www.proactiveinvestors.co.uk › LON:GLIF
Invoice funding platforms change model and put skin in the game via @AltFiNews #atlernativefinance https://t.co/GxxMLjFGRk
— GLI Finance Ltd (@GLIFinanceLtd) June 6, 2016
GLI to acquire specialist lender https://t.co/WhRfwvz8aH #BridgingFinance #CommercialFinance pic.twitter.com/5hq2ru74r3
— Bridging&Commercial (@BandCNews) May 26, 2016
#EU - How ECB policies are affecting corporates | Short View: Financial Times
Published on 9 Jun 2016
The
FT's Miles Johnson explains how the ECB is creating a compelling
divergence between the debt and equity of companies with strong balance
sheets and robust business models.
Nike stands by Maria Sharapova despite two-year ban: FRANCE 24 English
Published on 9 Jun 2016
Sportswear brand Nike says it will continue to sponsor Maria Sharapova, despite the tennis star being banned for two years after failing a drugs test. The company says Sharapova didn't intentionally break the rules, and is appealing the decision. Also today, we look at the Forbes ranking of the world's top-paid sports stars.
#Brazil - Will Rio de Janeiro be ready for the Olmypic Games? CNN
Published on 8 Jun 2016
CNN's Nick Paton Walsh reports on Rio de Janeiro's race against the clock to get everything ready before the Olympic Games.
#F1 Circuit Guide 2016: Canadian Grand Prix & History of it: FORMULA 1
Published on 6 Jun 2016
With 31 different winning drivers in 46 races, the Canadian Grand Prix is a firm favourite of F1 fans everywhere...
TheStreet: Jim Cramer Looks at Beer Stocks - Anheuser-Busch InBev , Molson Coors and Constellation Brands
Published on 8 Jun 2016
Anheuser-Busch
InBev , Molson Coors and Constellation Brands should be purchased
because there is massive consolidation in the beer industry, says
TheStreet's Jim Cramer. He said he knows firsthand because people are
demanding more and more beer at his bar in Brooklyn. Cramer says being a
beer distributor right now is one of the most lucrative opportunities
around. And if he had to choose a beer to drink, Cramer said he prefers
Coors Light and Corona Light.
#Lebanon - Beirut Hackathon Aims to Bring Tech Innovations to Refugees: Wall Street Journal
Published on 8 Jun 2016
At
a hackathon in Beirut in early June, 12 teams worked 48 hours straight
to try and develop apps and tech solutions for the U.N. that could help
better manage the Middle East's refugee crisis.
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