CITY BULLETINS
CONTRACT BOOST Support services firm Carillion has bagged a £350m contract with Nationwide Building Society. The firm has sealed a seven-year facilities management deal, with the option of extending for another three years. As part of the contract, Carillion will provide services to Nationwide’s headquarters in Swindon, its 15 corporate offices, its critical data centres and 700 retail branches throughout the UK. The move builds upon the company’s nine-year partnership with Nationwide. REVOLUTIONARY PROFITS The owner of bars Revolution and Revolucion de Cuba said its expansion drive was bearing fruit as profits more than doubled. Revolution Bars Group said annual pre-tax profits hit £7.1m to June 30, up from £2.9m in 2015, while revenues rose 6.9% to £119.5m over the period. Like-for-like sales for the first 12 weeks of the current financial year were up 1.8%. The firm, which opened five bars in the year to June, said it plans to launch three new Revolucion de Cuba bars in Harrogate, Reading and Aberdeen before Christmas. GOLDMAN CIRCLES SVG Private equity firm SVG Capital has confirmed that it is in “detailed discussions” with potential suitors including Goldman Sachs. SVG confirmed that the US bank and the Canadian Pension Plan Investment Board are together considering an offer for the company, after batting away a bid by HarbourVest that would have valued the firm at £1bn. In a statement on Monday, SVG said a third party “may be interested in considering an offer”, but did not provide any further details. SVG says it will update shareholders on Tuesday morning. NUMIS SHRUGS OFF BREXIT VOTE TO REPORT RECORD RESULTS Stockbroker Numis appears to have weathered the Brexit vote storm, with revenue from core activities reaching “record levels” in the year to September 30. The firm said revenue rose 14% from a year earlier and is “comfortably above £100m for the first time in the group’s history”. Numis said that it still managed to complete 19 equity raises and three initial public offerings, despite market volatility in the wake of the EU referendum vote. Full preliminary results will be released on December 7.