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Date: Thursday 10 Jul 2008
LONDON (ShareCast) - Viktor Vekselberg, one of the four Russian billionaires who together own a 50 per cent stake in TNK-BP, last night set out a four-point peace proposal aimed at ending the bitter dispute with joint venture partners BP, says the Times.
German market research company GfK is in talks with private equity firms and a German trade partner about teaming up to make a cash offer of more than £1bn for British counterpart Taylor Nelson Sofres (TNS), reports the Telegraph.
Equitable Life is to call on the Government to pay damages as quickly as possible to policyholders who lost out following the near collapse of the UK's oldest mutual insurer, says the Telegraph.
Barratt Developments is expected to announce agreements with lenders over a deal that would give the housebuilder extra breathing space on its debt over the next three years, reports the FT.
The door to investment in Russia's vast mineral resources was almost shut to foreigners yesterday as government regulators tightened rules on share sales, says the Times.
Nearly one in four Marks & Spencer shareholders refused to back executive chairman Sir Stuart Rose at the eagerly anticipated annual meeting yesterday, sending a clear signal that they want to see an improved performance in certain areas, writes the Independent.
Bradford & Bingley has slashed its lending to landlords, amid claims that the troubled bank is struggling to make profits on its new loans, reports the Times.
More than 11,000 British jobs were under threat last night after the Pentagon tore up the world’s biggest defence contract to allow an American company to rebid, says the Times. Airbus stands to lose an £18 billion contract to build tankers for the US Air Force, awarded only four months ago.
Home ownership has become even more inaccessible to first-time buyers despite the prolonged fall in house prices, figures released today by the Royal Institution of Chartered Surveyors will show, says the Independent.
Levi Strauss's second-quarter net income plunged 98 per cent because of weak sales of Dockers and Levi's, writes the Independent.
New rules on disclosing short positions are having little benefit but have jeopardised the reputation of the Financial Services Authority and damaged Britain's investor-friendly standing, critics say, says the Telegraph.