Financial News

SAYS IN OFFER PERIOD * Says not in talks with potential buyers * Shares down 8 pct (Adds detail, background) Dec 8 (Reuters) - Oil and gas company Irvine Energy Plc said it has entered into an offer period as it is considering seeking a buyer, but added that it was not yet in offer talks. "No discussions are currently taking place with third parties re ...

Mickey Clark, Evening Standard8 December 2008, 5:43pm Up to half a dozen blue-chip companies face losing their place as constituents of the Footsie 100 index when the regular quarterly review is undertaken later this week. Hopeful: A better day is expected on the stock market WANT TO KNOW MORE? Sunday newspaper share tips BA cuts jobs at Gatwick as traffic slumps OTHER STORIES Fund Focus: BlackRock UK Absolute Alpha Sunday newspaper share tips Market shock at hug ...

DETROIT, Dec 8 (Reuters) - General Motors Corp: TO OFFER BUYOUTS TO UAW WORKERS IN 2009 IF GOVERNMENT FUNDING PROVIDED FOR that purpose - UAW local president UAW SEEKING EQUITY IN GM, BOARD REPRESENTATION AS IT RESTRUCTURES - UAW LOCAL president DISCOVERED ITS OWN CASH SHORTFALL DURING MERGER TALKS WITH CHRYSLER - UAW LOCAL PRESIDENT ((detroit.newsroom@reuters.com; +1 313 967  ...

LONDON, Dec 8 (Reuters) - Stem Cell Sciences Plc: STILL IN DISCUSSIONS WITH A NUMBER OF THIRD PARTIES ABOUT VARIOUS OPTIONS INCLUDING POSSIBLE REFINANCING, DIVESTITURE OF CERTAIN OPERATIONS AND/OR MERGER OPPORTUNITIES ((London Equities Newsroom; +44 20 7542 7717)) (For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2008. All rights reserved. The copying, republication or r ...

LONDON, Dec 8 (Reuters) - Indian state-controlled oil and gas company ONGC has abandoned efforts to delay its acquisition of British oil explorer Imperial Energy and accepts it must send an offer document by midnight Tuesday, a spokesman for ONGC's overseas arm said on Monday. A source close to Imperial said the company saw no reason why the takeover would not proceed. (Reporting by Tom B ...

Philip Scott, This is Money8 December 2008 Chat | Vote The City watchdog has sent out a stark warning to thousands of UK shareholders that their personal details might be on boiler room files shared by criminals. Warning: The FSA has written to 11,000 people who may be targets for criminals WANT TO KNOW MORE? POLL: Have you ever replied to one of those email scam begging letters that promise vast riches in exchange for your bank details? OTHER STORIES Don't hand the ...

NEW YORK, Dec 8 (Reuters) - Two activist hedge funds of Dillard's Inc are demanding access to inspect the retailer's books and records, seeking greater transparency from the department store chain's executives and family members. Dillard's shares jumped 18 percent in Monday morning trading. Barington Capital has been calling on the Little Rock, Arkansas retailer to take steps to i ...

STOCKS NEWS Reuters Results diary Stocks on the move Real-time Equity News 14:34GMT 08Dec2008-Colonia Real up; sells non-core assets --------------------------------------------------------- Shares in German real estate company Colonia Real Estate rise 8.2 percent as the second-biggest gainer in Frankfurt's smallcap index after the company says it has  ...

Dec 8 (Reuters) - Namibia-focused mining company Kalahari Minerals Plc said on Monday it was seeking the removal of the chairman of Australia-based uranium explorer Extract Resources Ltd, in which Kalahari holds 39 percent. Kalahari called off a proposed merger with Extract last month, saying it would not be able to get shareholders' approval for the deal. Extract chairman Robert B ...

LONDON, Dec 8 (Reuters) - Imperial Energy Corp Plc: UK TAKEOVER PANEL HEARINGS COMMITTEE SAYS NO EXTENSION TO BE GRANTED ON OVL offer document deadline for Imperial Energy OVL STATED THAT IT DID NOT INTEND TO APPEAL AGAINST THE COMMITTEE'S DECISION, WHICH IS ACCORDINGLY FINAL ((London Equities Newsroom; +44 20 7542 7717)) (For more news, please click here) COPYRIGHT Copyright Thomso ...