Financial News
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Hogg Robinson resumes float plan
6 Oct 2006
source:
bbc.co.uk
Business travel specialist Hogg Robinson has revived plans to float on the London Stock Exchange - a week after cancelling the move. The firm had blamed adverse market conditions for abandoning the £380m floatation, but will now try again with a lower share price. Hogg makes travel arrangements for some of the UK's biggest firms, as well as arranging corporate hospitality. The new share sale has been "heavily oversubscribed", a spokesman said. The price for the shares - which had origin ... |
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KPMG merger will create European accountancy giant
6 Oct 2006
source:
yorkshiretoday.co.uk
The new firm – called KPMG Europe – would have a projected turnover of £2bn, and employ 17,000 staff in 44 offices. Its head office would be in Frankfurt, Germany.If the merger is approved, it will be the first stage of a plan to create a single KPMG member firm across Europe.KPMG Europe will be chaired jointly by John Griffith-Jones, chairman of KPMG UK, and Prof Rolf Nonnenmacher, chairman of th ... |
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Unnamed suitor has interest in Viridian
6 Oct 2006
source:
yorkshiretoday.co.uk
The news sent shares higher as the firm told the Stock Exchange an approach had been made "which may or may not lead to an offer". It did not reveal the identity of the interested party.The shares closed at 1221, a rise of 135p.Last week the group, which is Northern Ireland's main electricity supplier, issued an update which said half-year trading was in line with its expectations.It has been a bu ... |
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Corus could be our cup of tea, says Indian giant in bid talk
6 Oct 2006
source:
yorkshiretoday.co.uk
Former British Steel firm Corus was thrust into the spotlight yesterday when Indian rival Tata Steel revealed it was considering a takeover approach.Tata Steel – part of the massive Indian conglomerate Tata Group – said it was looking at takeover opportunities around the world "including Corus".Reports in India suggested Tata Steel was willing to pay around £5bn for Corus, although the Indian firm ... |
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HSBC considers HQ move
6 Oct 2006
source:
thisismoney.co.uk
Nick Goodway, Evening Standard6 October 2006 HSBC Britain's biggest bank, could shift its headquarters away from London because the UK's tax regime has become less attractive than other countries'. WANT TO KNOW MORE? DEAL FINDER: Switch current accounts OTHER STORIES EasyJet predicts profits take-off Market report: Friday preview Miners propel FTSE past 6,000 Starbucks set for ... |
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CANADIAN MARKETS: Equities Lifted By Energy, Metals Gains
6 Oct 2006
source:
morningstar.com
SAN FRANCISCO (Dow Jones) -- Canadian stocks rose Thursday, buoyed by gains in the energy and metal groups. The S&P/TSX Composite Indexrose 131.88 points, or 1.1%, to 11,750. Overall eight of the TSX's 10 stock groups rose, with the energy group up 3%. In New York, the front-month, light, sweet-crude contract gained 59 cents to $ 60 a barrel on reports that the Organization of Petroleum ... |
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Australian shares outlook - Higher led by resources sector
6 Oct 2006
source:
iii.co.uk
SYDNEY (XFN-ASIA) - Share prices are expected to open higher led by the resources sector following an overnight bounce in oil and metal prices, dealers said. They said further gains on Wall Street overnight, albeit more modest than gains earlier this week but still taking the Dow Jones Industrial Average to its third consecutive record close will also encourage investors. Key focus will be on Te ... |
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No SEC action vs. hedge fund, John Mack
5 Oct 2006
source:
iii.co.uk
WASHINGTON (AFX) - Securities and Exchange Commission attorneys are recommending that no action be taken against Wall Street executive John Mack or Pequot Capital Management Inc. in an insider-trading probe that led to allegations of political interference within the SEC. Pequot Chairman Art Samberg sent a note to the hedge fund's clients on Thursday disclosing the decision by SEC enforcement sta ... |
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Molson Coors Ends Options Investigation
5 Oct 2006
source:
iii.co.uk
WASHINGTON (AFX) - Molson Coors Brewing Co. said Thursday its internal audit committee concluded a year-long, options-related investigation stemming from a complaint received in the third quarter of 2005 related to the merger of Coors and Molson Inc. The probe found the complaint had no merit, the company said in a filing with the Securities and Exchange Commission. The investigation was conduct ... |
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Hedge fund: No SEC inside-trade action
5 Oct 2006
source:
iii.co.uk
WASHINGTON (AFX) - Securities and Exchange Commission attorneys are recommending that no action be taken against Pequot Capital Management Inc., a major hedge fund that was the subject of an insider-trading probe that led to allegations of political interference within the SEC. Pequot Chairman Art Samberg disclosed the decision by SEC enforcement staff in a note Thursday to the hedge fund's clien ... |
