LONDON (ShareCast) - Blackstone, the US private equity company which last year walked away from takeover talks with FKI, has hired bankers to examine making a counterbid for the engineering group, says the Sunday Telegraph.
The boss of VT Group, Paul Lester, has emerged as the frontrunner to become BAE Systems’ new chief executive, the top job in the British defence industry, writes the Sunday Times.
Sir Ken Morrison will this week bow out after 56 years with the supermarket chain that bears his name by unveiling a £1bn cash return to shareholders, the Sunday Telegraph has learned.
A rebel group of Close Brothers shareholders is plotting a management coup at the blue-blooded merchant bank, reports the Sunday Times.
From October, the national minimum wage for people over 21 will go up by an above inflation 3.8 per cent, from £5.52 to £5.73 an hour. The rises for younger workers will also exceed inflation. For 18- to 21-year-olds the rate will be £4.77, up from £4.60, while 16- to 17-year-olds will get £3.53, up from £3.40, according to the Independent on Sunday.
D1 Oils, the Aim-listed company which has a joint venture with BP to turn jatropha plants into biofuels, will look to raise up to £30m in fresh capital, says the Sunday Telegraph.
Investors in Rentokil Initial have stepped up their campaign for a management reshuffle by insisting that the board appoints a full-time chairman rather than a non-executive one, writes the Independent on Sunday.
The multi-billion pound bid process for the contract to clean up the Sellafield nuclear plant has been thrown into chaos by a number of senior departures at the body that is running the competition, reports the Sunday Telegraph.
Alistair Darling is set to announce concessions this week on his controversial plans to tax “non-doms” and non-residents, in a bid to placate business, according to the Sunday Times.
Amanda Staveley, a partner at private equity firm PCP, which is acting for Dubai International Capital, has this weekend brokered a peace deal with Liverpool FC co-owner Tom Hicks to buy a 49 per cent stake in the club, says the Independent on Sunday.
BT will formally begin the process of recruiting a successor for Ben Verwaayen, its Dutch chief executive, within a matter of months, people close to the company said last night, writes the Sunday Telegraph.
EMI, the record group owned by Guy Hands' private equity firm Terra Firma, is eyeing up a £100m bid for classical sheet music publisher Boosey & Hawkes, reports the Independent on Sunday.
The chief executive of Capital & Regional, one of Britain’s biggest shopping-centre and retail-park owners, is to be ousted after a boardroom bust-up, according to the Sunday Times.
Sports Direct founder Mike Ashley will find out this week if his City charm offensive has worked when the embattled retailer briefs the market with its latest trading update on Thursday, says the Independent on Sunday.
Insight, the investment arm of HBOS, will this week warn that most of Britain's top companies are merely paying lip service to climate change, setting themselves weak targets and dodging meaningful commitments, reports the Independent on Sunday.
Apax Partners, the British private equity group, has emerged as one of several potential bidders for ConvaTec, the £2bn wound care business being sold by the US pharmaceutical company Bristol-Myers Squibb, writes the Sunday Telegraph.
BAA, the airports operator, is bracing itself for bad news on Tuesday when the Civil Aviation Authority (CAA) fixes its returns on investments for the next five years. Ferrovial, BAA's Spanish owner, had hoped it would be allowed a 7.75 per cent return at Gatwick and Heathrow, similar to the deal struck at the end of the last review in 2002, according to the Independent on Sunday.
Total losses at online supermarket Ocado have reached almost £300m after an estimated £30m loss in 2007, says the Sunday Telegraph.
Media giants NBC Universal, Microsoft and Sony are all interested in taking a stake in or forming a joint venture with SCi Entertainment, the ailing publisher of the Tomb Raider and Just Cause video games, writes the Sunday Telegraph.
HarperCollins, the book publishing giant owned by News Corporation, is poised to buy out of administration a small publishing house co-run by Scott Pack, the controversial former head buyer at Waterstone's, reports the Sunday Telegraph.
America’s economy is definitely in recession, economists say, amid growing fears that the credit crunch is entering its most dangerous phase, writes the Sunday Times.
Rebel investor Knight Vinke has this weekend renewed its attack on HSBC's management, slamming their treatment of shareholders as "truly irresponsible", according to the Sunday Telegraph.
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