Mitchells & Butlers to bring property tycoon Robert Tchenguiz onboard 2008-09-14 11:38 - The embattled pub operator Mitchells & Butlers is preparing to bring its
biggest shareholder, the property tycoon Robert Tchenguiz, on to its board
as it tries to rehabilitate itself in the eyes of investors after losing
£390m in a failed property venture.
Mitchells & Butlers set to put stake sale on back burner 2008-09-14 11:08 - Mitchells & Butlers (M&B), the pub operator, is expected to tell
shareholders next week that talks about the sale of a stake of up to 29.9
per cent to private equity have been put on the back burner.
Shareholders warn British Energy that they will reject takeover offers... 2008-09-14 11:08 - Sir Adrian Montague, chairman of British Energy, has been warned by some of
the company’s biggest shareholders that they will reject any takeover offer
for the nuclear power group unless it offers a “significant” premium to the
current share price.
US telecoms firm, Global Crossing, considering plans to sell UK arm 2008-09-14 11:08 - Global Crossing, the US telecoms carrier that went into Chapter 11 bankruptcy protection after running up debts of £6 billion on an acquisition spree, is considering plans to sell off or merge its European arm with a competitor.
Europe’s biggest financial institutions in £8 billion rush ... 2008-09-14 11:08 - Some of Europe’s biggest financial institutions, including Lloyds TSB and HBOS, have raised €10 billion (£7.9 billion) in the debt markets in the past few days. It is the biggest rush to issue bonds since the credit crisis took hold last summer.
British Airways will stay on course despite the turbulence 2008-09-14 11:08 - As I pointed out in this column last month, calls for the head of Willie
Walsh, the British Airways chief executive, have come from all over, but
never from the Square Mile. And that’s where you find the people who own the
company and get to say whether Walsh stays or goes.
