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Thursday 15 May 2008
Saturday deliveries could be threatened unless the Royal Mail is partly privatised, the postal regulator has warned. A 100-page report by Postcomm to an independent inquiry into the future of the Post Office warns that a fresh injection of cash is needed to protect the postal service from deterioration, writes the Independent.
Wednesday 14 May 2008
Bradford & Bingley is planning to announce an emergency rights issue this morning to shore up its battered balance sheet, The Times has learnt.
Tuesday 13 May 2008
The Treasury has succumbed to sustained pressure from big business and agreed to water down controversial proposals to change the UK corporate tax regime, reports the Times.
Monday 12 May 2008
The government has ruled out selling British Energy to a lone bidder, despite the auction for the owner of Britain's nuclear reactors drumming up interest only from France's EDF by last Friday's deadline.
Sunday 11 May 2008
Vodafone is contemplating a bid for South Africa's third-largest mobile phone group, MTN, a move that could cost as much as £19bn but would transform its presence in some of the world's fastest-growing telecoms markets, says the Sunday Telegraph.
Friday 09 May 2008
French power giant EDF is today expected to table a takeover offer for British Energy in a move that the UK Government hopes will kick-start development of a new generation of nuclear power stations.
Thursday 08 May 2008
Charles Dunstone, the multi- millionaire founder of the Carphone Warehouse retail group, will today unveil a £1bn investment from Best Buy, a US company, in an attempt to become one of Europe's dominant retailers, the Telegraph has learned.
Wednesday 07 May 2008
Aberdeen Asset Management is considering abandoning the UK as its headquarters for tax purposes as speculation mounts that a wave of British fund managers could head for the exit in frustration at Treasury tax changes, reports the Times.
Tuesday 06 May 2008
Apollo, the American private equity group, is understood to have approached Barratt Developments to offer to buy a stake in the troubled UK housebuilder, The Times has learnt.
Sunday 04 May 2008
Microsoft Corp walked away from its bid to buy Yahoo Inc last night after the Internet company turned down its offer to raise the price by $5 billion to $47.5 billion, says the Independent on Sunday.
Friday 02 May 2008
One of Barclays’ most senior executives is set to step down in a sign of the simmering tensions at the top of the UK’s third-biggest bank.
Thursday 01 May 2008
Hopes of a bidding war for British Energy were dealt a blow on Wednesday after it emerged that Vattenfall, Suez and Eon were not planning to bid for the UK nuclear group, says the FT.
Wednesday 30 Apr 2008
BG Group, the UK oil and gas exploration group, has made an unsolicited takeover offer to buy Origin Energy that values Australia’s second-biggest electricity and gas retailer at A$12.9bn ($12bn), reports the FT.
Tuesday 29 Apr 2008
Northern Rock breached capital rules six months before its collapse, yet failed to tell shareholders and continued to be given favourable “light touch” treatment by financial regulators, it emerged yesterday.
Monday 28 Apr 2008
HBOS was last night drawing up plans for a rights issue raising up to £4bn of fresh capital after taking the view that it wants a big cushion of capital as Britain enters a housing downturn.
Sunday 27 Apr 2008
The board of HBOS will meet tomorrow to decide whether to approve a multi-billion-pound rights issue to repair the bank’s balance sheet, according to the Sunday Times.
Friday 25 Apr 2008
The competition watchdog is on Friday expected to unveil wide-ranging allegations of cigarette price-fixing involving tobacco companies and retailers, days after it was forced to make a humiliating apology over incorrect accusations in another antitrust probe, reports the FT.
Thursday 24 Apr 2008
Shareholders in Royal Bank of Scotland on Wednesday won better terms for sub-underwriting its £12bn rights issue after complaining that investment banks underwriting the cash call were making too much money after passing on much of the risk, says the FT.
Wednesday 23 Apr 2008
Hopes that the Bank of England will slash interest rates have been undermined after a key policymaker hinted that the Bank's rescue plan for credit markets will free it up to use rates to fight inflation, reports the Telegraph.
Tuesday 22 Apr 2008
More British banks are poised to tap shareholders for billions of pounds in emergency capital, Mervyn King, the Governor of the Bank of England, revealed yesterday, reports the Times.