Financial News

JOHANNESBURG (Reuters) - The world's third biggest mining group, Anglo American (AAL.L: Quote, Profile, Research) , declined direct comment on a newspaper report Finnish-Swedish Stora Enso (STERV.HE: Quote, Profile, Research) was considering a 4.5 billion pound takeover bid for its paper unit Mondi. But spokeswoman Anne Dunn told Reuters that there had been no change to Anglo's plans to spin off ...

Steel magnate Lakshmi Mittal is confident of gaining enough shareholder support to complete a hostile takeover of rival Arcelor by the end of June. Mr Mittal has met with shareholders, politicians and regulators in a bid to clear the way for the proposed 18.6bn ($22bn; £12.7bn) deal. "Arcelor shareholders need Mittal Steel," he told BBC News. The deal has been rejected by the Arcelor board and has been opposed by some politicians who fear job cuts. Consolidation Arcelor is the world's  ...

At first, Dave O’Reilly, Chevron’s chief executive, cannot remember the last movie he saw. Then it comes to him – Syriana. “I had to go and see that,” he says of the Oscar-nominated, contintent-hopping drama about oil, politics and the war on terror. // But afterwards, he smiles, his wife said: “Well, the real thing is a lot more fun.” Mr O’Reilly runs the world’s fifth largest integrated oil and gas company by market capitalisation, and fourth biggest by worldwide reserves. Now that oil comp ...

Lisa Buckingham, Mail on Sunday19 March 2006 AS mobile phones giant Vodafone sold its Japanese operation to Soft-Bank on Friday, chief executive Arun Sarin had more than the prospect of pocketing £8.9bn to cheer him. He had also managed a full five days without some dissent about his leadership emerging from his boardroom. OTHER STORIES £32 licence rise for digital TV Tesco's ...

Teena Lyons, Financial Mail19 March 2006 TESCO is in talks with India's biggest mobile phone company over a £750m joint venture to set up a supermarket chain on the sub-continent. PASSAGE TO INDIA: Tesco is eyeing expansion abroad OTHER STORIES £32 licence rise for digital TV Market Report: Friday close A rough reception for the Budget FTSE breaches the 6000-mark BAA rejects takeover bid WAYS TO SAVE MONEY 10 best credit card tips 10 best money-sav ...