Financial News

Evening Standard26 June 2006 MUSIC giant EMI is reported to be looking at joining a consortium to bid for BMG Music Publishing, the company put up for auction by Germany's Bertelsmann. WANT TO KNOW MORE? DATA: EMI's share price FTSE: Risers and fallers ADVICE & TIPS: Investing OTHER STORIES Virgin profits from surcharge Mittal-Arcelor giant could sell off £8bn Market repor ...

Ross Tieman, Evening Standard26 June 2006 ARCELOR-MITTAL, the new global steel colossus to be created by the e27bn (£18.6bn) takeover of steel giant Arcelor by British-run Mittal Steel, could sell assets worth up to £8bn over coming months as it streamlines its portfolio. OTHER STORIES Virgin profits from surcharge Market report: Monday preview Buffet's £24bn giveaway  ...

Robert Lea, Evening Standard26 June 2006 VIRGIN ATLANTIC, one of the airlines at the centre of the transatlantic price-fixing furore, today revealed that controversial passenger fuel surcharges had helped it double profits on the back of record sales. TAKE-OFF: Virgin's profits have doubled as more passengers fly Upper Class WANT TO KNOW MORE? REPORT: 50 ways to save on your holidays DEAL FINDER: Travel Insurance TRAVEL DEALS: Great flight and holiday deals DATA: BA's share p ...

By Julien Ponthus and Sabina Zawadzki LUXEMBOURG (Reuters) - Steel magnate Lakshmi Mittal will celebrate on Monday his victory in a takeover battle that will merge the world's two biggest steelmakers, Mittal Steel (ISPA.AS: Quote, Profile, Research) and Arcelor (CELR.PA: Quote, Profile, Research) . Mittal is due to hold a news conference at 12:30 p.m. (British Time) on Monday in Luxembourg followed by a conference call with investors and analysts at 2:30 p.m. On Sunday, Arcelor bowed to an i ...

HONG KONG (Dow Jones) -- Asian steel shares got a boost Monday morning after Arcelor SA accepted an improved bid from Mittal Steel Co. in a deal that will create the world's largest steel company. Four of the world's six largest steelmakers are Asian. Luxembourg-based Arcelor'sboard of directors on Sunday unanimously recommended acceptance of a sweetened takeover bid of $50.59 a share from riv ...

By Mathieu Robbins and Julien Ponthus LONDON/LUXEMBOURG (Reuters) - European steel maker Arcelor (CELR.PA: Quote, Profile, Research) accepted an improved takeover bid from Mittal Steel (ISPA.AS: Quote, Profile, Research) to create a steel giant three times larger than any rival, sources familiar with the matter said on Sunday. Arcelor and Mittal, already the world's two largest steel producers, have held talks to end a bitter five-month feud over Mittal's unsolicited plans to acquire its riv ...

By Mathieu Robbins and Julien Ponthus LONDON/LUXEMBOURG (Reuters) - European steel maker Arcelor agreed to an improved takeover bid from Mittal Steel to create a steel giant three times larger than any rival, sources familiar with the matter said on Sunday. Arcelor and Mittal, already the world's two largest steel producers, have held talks to end a bitter five-month feud over Mittal's unsolicited plans to acquire its rival and create a global giant with an annual output of over 100 million to ...

By Julien Ponthus LUXEMBOURG (Reuters) - Steel maker Arcelor's (CELR.PA: Quote, Profile, Research) board began a meeting on Sunday to decide whether to back a takeover offer from industry leader Mittal (ISPA.AS: Quote, Profile, Research) or a rescue deal with Russia's Severstal (CHMF.MM: Quote, Profile, Research) . "You will have decisions presented to you this evening," a board member Fernand Wagner told reporters as he arrived. Arcelor and Mittal, the world's two largest steel makers, hav ...