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Thu 02 Jul 2009
National Express is heading for a major legal battle with the Government over the future of its two remaining rail franchises after ministers said they were taking control of the East Coast main line.
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Thu 02 Jul 2009
Yesterday’s failed blockbuster drug can be tomorrow’s niche therapy. That would appear to be the prognosis from AstraZeneca, which yesterday won European marketing approval for Iressa, its once-a-day lung cancer pill.
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Wed 01 Jul 2009
BG is regarded as a perennial bid target, but it is the growth prospects of the group in Australian LNG, its assets in offshore Brazil and now US shale gas that are the real reasons to own the shares.
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Wed 01 Jul 2009
Tesco has emerged as a potential bidder for Northern Rock as the Government races to sell the state-owned lender before a general election, The Times has learnt.
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Tue 30 Jun 2009
FTSE 250-listed Informa has a solid business, whose publications tend to be in niche, subscription-based titles that do not suffer as badly as its more commercial counterparts in a downturn.
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Tue 30 Jun 2009
Neelie Kroes, the European Union competition commissioner, is on Tuesday set to warn UK banks for a second time within a week that they may have to make disposals as a condition for the granting of state aid.
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Mon 29 Jun 2009
National Express has rejected an unsolicited takeover bid from its larger rival FirstGroup in a surprise development likely to put further pressure on the bus and rail operator.
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Sun 28 Jun 2009
FirstGroup shares were 657p last summer but today they are 370¾p. The stock has been affected by concerns about transport companies in general, concerns about fuel costs and concerns about debt.
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Sun 28 Jun 2009
Lord Davies, the former Standard Chartered chief and now Trade minister, has been offered the chairmanship of Lloyds Banking Group but will turn the job down.
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Fri 26 Jun 2009
Costain shares are pricey and each time the contractor puts out one of its impressive updates, the share price increases by a little less than last time.
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Fri 26 Jun 2009
Alistair Darling is planning a new Banking Act this year that will strengthen the role of the Financial Services Authority, in an unexpected move that follows criticism that the Bank of England failed to warn adequately of the impending banking crisis.
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Thu 25 Jun 2009
Xstrata stepped up its campaign to merge with Anglo American last night, taking its £41 billion merger proposal over the heads of Anglo’s board to its shareholders. The Anglo-Swiss miner will intensify its charm offensive in the coming days, with Mick Davis, its chief executive, expected to meet the South African Government and trade unions, as well as key investors, says the Times.
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Thu 25 Jun 2009
Aside from a secure and rising dividend, Stagecoach’s appeal has been an operating performance consistently better than its peers. But its exposure to falling UK rail revenues, a potentially protracted legal spat and this month’s revelation that Stagecoach paid £1.2 billion to secure the SWT contract — twice the offer of the nearest bidder — must undermine that allure. At 127¾p, up 10p and at nine times earnings, avoid, says the Times.
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Wed 24 Jun 2009
Military flares, decoys and munitions group Chemring draws three quarters of its sales from outside the UK, so the boost to yesterday’s numbers from weak sterling will not be sustained.
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Wed 24 Jun 2009
Ministers will announce a crackdown on Britain’s biggest banks next week, putting pressure on them to reorganise or face a blitz of more onerous capital and liquidity rules.
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Tue 23 Jun 2009
Any punt on logistics software group Kewill would be risky, but given the discount to brokers' estimates of fair value, and the fact that the company increased its dividend as part of yesterday's full year results, the Independent could be tempted.
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Tue 23 Jun 2009
Anglo American, the global mining group, flatly rejected Xstrata’s proposed all-share “merger of equals”, putting itself at odds with several big investors as it labelled the offer from its Anglo-Swiss rival “totally unacceptable” reports the FT.
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Mon 22 Jun 2009
Anglo American, the mining and natural resources giant, was rehearsing its defence last night against a £41bn merger approach from Xstrata, its Anglo-Swiss rival.
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Sun 21 Jun 2009
Film studio Pinewood Shepperton is not just a media company. It is also a property company and some analysts believe its studios and surrounding land alone have an estimated value of about 150p per share.
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Sun 21 Jun 2009
Mining giant Xstrata has approached arch-rival Anglo American about a £41bn merger that would create one of the world’s biggest natural-resources companies.
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