Last decade’s demutualisations lose their shine 2008-05-18 06:01 - Bradford & Bingley appears to have been caught badly on the hop a month
ago by a Sunday newspaper report that it was poised to launch a rights
issue. Yes, like most battered UK banks, it was exploring the options. But
no, it wasn’t ready to press the button on a deal quite yet.
Carlyle defies gloom with $2.5bn Booz Allen deal$ 2008-05-18 06:01 - Carlyle Group has agreed its biggest buyout since the credit crunch took hold
after directors of Booz Allen Hamilton, the consultancy group, recommended a
$2.54 billion sale of its US government business to the private equity firm.$
Humberts shares suspended over financial fears 2008-05-18 06:01 - Share trading was suspended today in Humberts, one of England’s largest chains
of estate agents part-owned by Vincent Tchenguiz, over doubts about its
financial viability.
Pay strike threat as BT delivers £714 million profit 2008-05-18 06:01 - Ben Verwaayen delivered a pledge of further cost cuts and sales growth
yesterday as he signed off after six years as head of BT. The outgoing chief
executive announced a 2 per cent rise in revenue for the fourth quarter,
which most analysts had expected to be flat and pre-tax profits were up 3
per cent to £714 million.
Jobs threat to 1,000 in DSG turnaround plan 2008-05-18 06:01 - More than 1,000 staff could lose their jobs at DSG International, the owner of
Currys and PC World, after the group’s new chief executive revealed plans to
change fundamentally the way the business is run.
HBOS sells Rightmove stake for £59.2 million 2008-05-18 06:01 - HBOS today sold-off its entire 13.1 per cent shareholding in Rightmove just
weeks after the property website warned that rising estate agent closures
would have an "adverse impact" on the business.
Oil hits new $127 high as Bush courts Saudis$ 2008-05-18 06:01 - Oil rose hit a new record today, reaching above $127 a barrel, after Goldman
Sachs, the US investment bank, raised its forecast on speculation that
crisis-hit China$’s demand for diesel will strain supplies.