Sectors
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Aerospace
Alarm at MoD science agency remit
2 Sep 2010 at 3:28pm
Britain’s defence industry is heading for a clash with the government over the role of its science and technology agency amid concern over the shrinking budget for research
Cold war base to be private ‘Top Gun’ school
30 Aug 2010 at 1:00pm
Iceland’s Keflavik airbase, a bulwark of western security during the cold war, would be home to two squadrons of Russian-made fighter jets under plans being considered by Reykjavik
Competition issues cloud Sama’s future
30 Aug 2010 at 10:45am
The Saudi Arabian budget airline’s suspension highlights the challenges facing the region’s private carriers
Autos
Avis raises stakes in bid for Dollar Thrifty
2 Sep 2010 at 10:01am
Avis Budget has raised the cash portion of its hostile bid for Dollar Thrifty, intensifying its onslaught against an agreed offer by Hertz for the Oklahoma-based car-rental operator
Flaming Ferraris force recall of 458 Italia
2 Sep 2010 at 5:15am
A division of Italy’s Fiat group is recalling all 1,248 cars of the 458 Italia model after reports that five of the supercars caught fire because of glue in the wheel-arch leaking on to the exhaust
Schaeffler reveals improving finances
1 Sep 2010 at 3:15pm
German group that hit financial woes after a move for rival car-parts supplier Continental sheds light on its business in a step that shows willingness to court investors
Basic Industries
Potential PotashCorp deal questioned
2 Sep 2010 at 5:20pm
The province of Saskatchewan is asking for a review of risks and opportunities it faces in a possible takeover of the fertiliser producer that is the target of a hostile bid from BHP Billiton
Interactivity drives ABB’s strategy
2 Sep 2010 at 3:22pm
Group seeks acquisitions in communications and software to boost its competitiveness as industrial customers demand increasingly interactive equipment
ABB chief plugs into the developing world
2 Sep 2010 at 3:22pm
Joe Hogan, chief executive of the Swiss-Swedish electrical engineering group, assesses its differing markets, from US-Europe sluggishness to Asian exuberance
Consumer Industries
Burger King approves 3G Capital’s bid
2 Sep 2010 at 4:17pm
The board of Burger King has agreed for the Miami-based fast-food chain to be taken private for the second time in its history, after accepting a $3.25bn bid from 3G Capital
Restaurant Group beats forecasts and dismisses talk of takeover
2 Sep 2010 at 3:13pm
The owner of the Garfunkels and Frankie & Benny’s chains, beat expectations for first-half profits and gave a bullish outlook for the rest of the year
DSG International gets World Cup boost
2 Sep 2010 at 1:01pm
The Dixons owner that also has Currys and PC World in its portfolio said demand for TVs before the football and an exclusive deal with Apple to sell its iPad had helped lift like-for-like sales
Drugs & Healthcare
Scientists closer to malaria cure
2 Sep 2010 at 12:00pm
Scientists have cured malaria in mice with a single dose of a new drug, the journal Science reports
Cancer drug trial halted as patients fall ill
2 Sep 2010 at 3:36pm
Tests in Ireland abandoned after three of 12 people receiving the treatment suffer seizures and are admitted to hospital. The Irish Medicines Board has launched an investigation into the incident
Sanofi-Aventis/Genzyme
31 Aug 2010 at 11:33am
The troubled US biotech believes it is undervalued by the French drugmaker ? but it cannot afford to be too choosy
Energy, Utilities & Mining
BP tells US regulator of oil spill lessons
2 Sep 2010 at 5:19pm
The energy group has told the US drilling watchdog that systems for responding to oil spills have been improved as a result of lessons learnt from the Gulf of Mexico accident
Statoil paves way for IPO of filling stations
2 Sep 2010 at 3:47pm
Norwegian energy group is pushing ahead with the planned spin-off of its international chain of filling stations as it sharpens focus on oil and gas exploration
Kosmos considers $5bn listing in UK or US
2 Sep 2010 at 3:28pm
Blackstone and Warburg Pincus, the US private equity owners of the the Texas-based oil exploration company that operates Ghana’s large Jubilee oil field, are studying an alternative to the collapses $4bn deal with ExxonMobil
Financial Services
Banks are cutting use of bonuses to recruit
2 Sep 2010 at 6:08pm
Guaranteed bonuses accounted for about 5% of the bonuses paid out for 2009 at 37 leading financial companies surveyed by the Institute of International Finance
Flash crash probe plays down quote-stuffing
2 Sep 2010 at 5:07pm
Regulators probing the causes of the May 6 flash crash have concluded that quote-stuffing was not a ‘major factor’ in the turmoil, a person familiar with the inquiry said
Lenders shunned on stress tests doubts
2 Sep 2010 at 3:00pm
Leading UK and continental European companies eschewing banks from Spain, Italy and even Germany because they do not believe the Europe-wide assessments gave a true picture of their financial health
Media & Internet
Coulson affair escalates media war
2 Sep 2010 at 1:37pm
Rumours persist that the full extent of the telephone hacking by News of the World journalists remains unknown
New row over newspaper phone-hackers
2 Sep 2010 at 1:28pm
A former Labour minister is one of at least 10 MPs who suspect they were targeted by reporters looking to hack into their telephone messages
Bertelsmann to inject capital into BMG
1 Sep 2010 at 6:51pm
The German media group says it will support its music publishing business’s ambitious plans to grow by acquisition and match the ?200m KKR will invest over the next two to three years
Property
Suitors line up for Regent Street
2 Sep 2010 at 3:52pm
The Crown Estate, which controls sovereign land and property in the UK, has drawn up a shortlist of potential investors in its £1.6bn Regent Street estate
Write-offs see Prestbury report £20m loss
1 Sep 2010 at 12:51pm
Group managed by property entrepreneur Nick Leslau hit by several non-performing investments made outside real estate in pubs, garden centres and in a seafood importer
M&G drops price of property fund units
31 Aug 2010 at 7:43pm
The Guernsey-based fund shifts from ‘creation’ to ‘cancellation’ pricing following ‘persistent’ redemptions, in a move that will raise questions over sentiment towards real estate assets
Retailing & Leisure
Restaurant Group beats forecasts and dismisses talk of takeover
2 Sep 2010 at 3:13pm
The owner of the Garfunkels and Frankie & Benny’s chains, beat expectations for first-half profits and gave a bullish outlook for the rest of the year
Canals owner looks to become mutual
2 Sep 2010 at 2:37pm
The quango that owns the canal network could be taken out of state control and turned into a mutual under plans put forward by its management before the autumn spending review
Landmark bids £90m for Carluccio’s
2 Sep 2010 at 3:33pm
Carluccio’s, the Italian-themed restaurant chain, has received a £90m takeover offer from Landmark Group, a Dubai-based conglomerate
Telecoms
Bouyant Vivendi raises full-year targets
1 Sep 2010 at 10:13am
Europe’s largest telecoms and entertainment group increases profit goals as it reports forecast-beating first-half results boosted by Brazilian telecoms and video games
Bouygues cuts jobs after road-building losses
1 Sep 2010 at 9:47am
French conglomerate to axe 2,400 from its workforce after government spending cuts and project cancellations in central Europe hit its construction arm
Emerging economies find own way of using web
31 Aug 2010 at 3:15pm
Report offers first comprehensive comparison of internet usage patterns in China, India, Russia, Brazil and Indonesia, that account for one-third of the world’s internet population
Transport
Canals owner looks to become mutual
2 Sep 2010 at 2:37pm
The quango that owns the canal network could be taken out of state control and turned into a mutual under plans put forward by its management before the autumn spending review
Go-Ahead ‘cautious’ on UK spending reviews
2 Sep 2010 at 2:10am
UK’s train operator remains ‘cautious’ about the effects of economic weakness and the government’s spending review on its business
Virgin Atlantic to launch £10m ad campaign
31 Aug 2010 at 7:27pm
The UK airline is to nearly double its advertising spending this year on a drive focusing on 13 important markets due to start just weeks after it reported the worst losses in its 26-year history
Source: Financial Times
November 27 2007 08:13 am
