Financial News

For the 100,000-plus investors who hold the B Preferred shares of the P&O, the main appeal is the discount they offer on the cost of using many of the company’s ferries. // But the prospect of a takeover of P&O by DB World, a Dubai-based port operator, has put a question mark over the future of this valuable shareholder perk. The Dubai company says it has no intention of forcing investor ...

By Marie Maitre and Louise Heavens PARIS/LONDON (Reuters) - The London Stock Exchange's (LSE.L: Quote, Profile, Research) two biggest shareholders rejected a 1.5 billion pound offer from Macquarie Bank on Friday amid reports that rival suitors Deutsche Boerse and Euronext may choose to merge between themselves rather than pursue the LSE. Threadneedle Asset Management and Scottish Widows, respectively the largest and second-largest investors in the LSE, both said Macquarie's (MBL.AX: Quote, Pr ...

LONDON (Reuters) - Threadneedle Asset Management, the London Stock Exchange's biggest shareholder, said on Friday it has no intention of accepting the 580-pence-a-share offer from Australia's Macquarie Bank for the London bourse. "Threadneedle Asset Management has invested in the LSE because of its unique brand and strategic position, its strong cash flows and its future growth potential. The (Macquarie) offer fails to reflect these factors," Threadneedle said. The London Stock Exchange (LSE.L ...

LONDON (Reuters) - Threadneedle Asset Management, the London Stock Exchange's (LSE.L: Quote, Profile, Research) biggest shareholder, said on Friday it has no intention of accepting the 580-pence-a-share offer from Australia's Macquarie Bank (MBL.AX: Quote, Profile, Research) for the London bourse. "Threadneedle Asset Management has invested in the LSE because of its unique brand and strategic position, its strong cash flows and its future growth potential. The (Macquarie) offer fails to refle ...

LONDON (Reuters) - The London Stock Exchange's (LSE.L: Quote, Profile, Research) second biggest shareholder, Scottish Widows, has rejected a 580-pence-a-share offer from Australia's Macquarie Bank (MBL.AX: Quote, Profile, Research) , saying it undervalued the company. The London Stock Exchange (LSE.L: Quote, Profile, Research) on Thursday rejected the 1.5 billion pound bid as "wholly inadequate". "We are supportive of the management's decision to reject 580p per share, which doesn't encapsul ...

Robert Lea, Evening Standard16 December 2005 A PLAN to revolutionise rail access to Heathrow could see dedicated express services to London's main airport from the soon-to-be redundant Eurostar international train terminal at Waterloo. OTHER STORIES Gas bills set for hikes Pension Protection Fund set at £575m Market report: Friday 10.30 Flybe to charge for checking in bags Record ...

The London Stock Exchange (LSE) has rejected a formal takeover bid from Australia's Macquarie Bank, valuing the company at about £1.5bn ($2.7bn). Macquarie had first proposed the 580 pence a share bid last week. As it had done with the informal proposal, the LSE rejected Macquarie's approach as "derisory", calling it "wholly inadequate". Macquarie said its decision to go hostile was taken after holding talks with shareholders of the exchange. The bank said its 580p-a-share offer represe ...

Geoff Foster, Daily Mail16 December 2005 GOSSIP that loss-making House of Fraser will be the next retail turkey to stuff shareholders with a pre-Christmas profits warning left the shares 2p easier at 106p. OTHER STORIES Market report: Friday preview Is this the Reit way to go? New on the market Smaller companies report: Thursday close Footsie basks in takeover glow THE EDITOR' ...

NEW YORK (MarketWatch) - It was a year to remember - if only so the media could learn from the mistakes that we made in 2005. document.write(''); MARKETWATCH COMMENTARY TOMI KILGORE (MONDAYS) U.S. Steel's breakout still in place despite reversal BAMBI FRANCISCO (TUESDAYS) Assessing Steve Case's case for spinning AOL DAVID CALLAWAY (THURSDAYS) Imagine all the people -- without BlackBe ...

WASHINGTON (Dow Jones) -- Federal banking regulators approved Bank of America's $35 billion acquisition of credit-card giant MBNA Corp. on Thursday. The Federal Reserve OK'd the transaction after it found Bank of America wouldn't control total deposits in excess of a federal cap. After the transaction, the Fed found, Bank of America (BAC) would control about 9.7% of deposits of insured depos ...