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Yellow Pages: Debt Warning Sends Yell Shares Plummeting

Yell shares slumped after it reported plunging revenues and warned of future debt issues.  In the quarter ending 31 December 2011, Yell’s revenues fell 15.1 per cent to £382.8 million, primarily driven by a 22 per cent drop in its print and other directory revenues to £268.9 million.  The firm did see an encouraging rise of 111.8 per cent in ... Read More »

Yell to Begin Debt Buyback – Investors are Taking a Haircut

Yellow pages publisher Yell Group said it will begin its debt buyback process on Jan. 10 and conclude it on or before Jan. 19.  Yell has up to 159.5 million pounds ($245.75 million) available to repurchase part of its 2.6 billion pound debt at discounted market prices. The company’s euro-denominated term loan B is offered at 32 percent to face value ... Read More »

Yell Appoints Chief Strategy and Business Development Officer

Yell today announces the appointment of Matt Anderson to the new global role of Chief Strategy and Business Development Officer to provide leadership for Yell’s corporate strategy and business development for strategic partnerships.  His focus will be on driving the Group’s continuing digital transformation to become a leader in the emerging local eMarketplace.   At the core of his role, ... Read More »