Monday 13 Oct 2008
Travel firm TUI Travel said it is forming an independent committee to consider an offer from German holding company TUI AG, should any such offer be forthcoming.
Monday 13 Oct 2008
US broker JP Morgan expects Cadbury’s third quarter sales trends to remain within the company’s guidance range of 4-6% when the confectionery and gum maker updates the market Tuesday.
Monday 13 Oct 2008
Property group Raven Mount has sold its 75% stake in Raven Audley Court for £15m.
Monday 13 Oct 2008
Foundry operator Castings has revealed it has £5.7m on deposit with Icelandic banks Kaupthing Singer and Friedlander, Heritable Bank (Landsbanki) and Glitnir.
Monday 13 Oct 2008
Constellation Software Inc has launched a 25p cash per share offer for membership management systems provider Gladstone worth £13.54m.
Monday 13 Oct 2008
Cash-hungry banking group Royal Bank of Scotland has sold a 9.98% stake in Norwegian insurance company Storebrand.
Monday 13 Oct 2008
The Financial Services Authority has urged banks to “consider carefully” their pay policies as the government today scrapped boardroom bonuses at some of the country’s biggest lenders.
Monday 13 Oct 2008
Britain’s second largest building society, the Britannia, has confirmed it is holding talks with Co-Operative Financial Services about a possible merger.
Monday 13 Oct 2008
Content management software provider Geong International expects full-year results to be in line with expectations despite the global financial downturn.
Monday 13 Oct 2008
Asia-focused bank Standard Chartered said it meets the capital requirements under the UK government’s banking sector scheme and will ensure it continues to do so.
Monday 13 Oct 2008
VPhase has signed a Memorandum of Understanding with British Gas Services which might see its energy saving devices offered to all British Gas customers.
Monday 13 Oct 2008
Shares in London-listed TUI Travel were in demand Monday morning on speculation that German holding company TUI might launch a full takeover of the company.
Monday 13 Oct 2008
Aim listed entertainment firm Galleon said its recently bought Yunbo Information Technology exceeded its EBITDA performance target for the first six months.
Monday 13 Oct 2008
Three of Britain’s biggest banks are to benefit from a £37bn injection of cash from shareholders and the UK government, although ministers will get a say on dividend policy and bosses pay.
Monday 13 Oct 2008
Financially troubled drug firm Vernalis said it has achieved the first milestone in their three-year oncology drug discovery collaboration initiated in May 2007.
Monday 13 Oct 2008
Copper, zinc and lead miner Anglesey Mining has ceased negotiations with Australian firm Western Metals over the sale of Parys Mountain, Anglesey’s base metal project in North Wales.
Monday 13 Oct 2008
Turbulent markets have convinced Lloyds TSB to revise down the terms of its offer for rival HBOS and raise £5.5bn of new capital, with HBOS raising a further £11.5bn.
Monday 13 Oct 2008
Aim listed mobile phone gambling outfit Probability said net gaming revenue increased 10% from the previous quarter to £1.37m.
Monday 13 Oct 2008
Oil and gas explorer Gold Oil has brought its interest in the Z34 gas project off the coast of Peru to 100% with the purchase of Plectrum Petroleum.
Monday 13 Oct 2008
Strong demand from the oil, gas, mining and shipping sectors sent revenues soaring at maintenance and repair specialist Castle Support Services and left the group with a strong outlook for the coming year.