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Barclays shareholders question proposed ABN Amro merger
25 Mar 2007 source: iii.co.uk

LONDON (AFX) - Shareholders in Barclays, the UK's third-biggest bank, have expressed doubts over the group's proposed merger with Dutch rival ABN Amro, according to the Independent on Sunday. The paper quoted two fund managers holding a combined stake of about 2 pct in Barclays as saying they were concerned the tie-up could devalue their holdings, and that the combined group's proposed Anglo-Dutc ...


Terra Firma mulls rival Alliance Boots bid - report
25 Mar 2007 source: iii.co.uk

LONDON (AFX) - UK private equity firm Terra Firma is considering a launching a rival bid for Alliance Boots PLC, the health and beauty retailer currently battling a takeover attempt led by its own deputy chairman, Stefano Pessina, the Sunday Express reported without citing sources. The paper said Terra Firma, run by financier Guy Hands, has sounded out bankers to advise it on a possible bid for B ...


Hedge fund net to widen
25 Mar 2007 source: thisismoney.co.uk

Andrew Foxwell, Financial Mail25 March 2007 Investing in hedge funds, with the chance of large losses but also big rewards, should become a possibility for ordinary investors, the City watchdog will suggest this week. WANT TO KNOW MORE? HEDGE FUNDS: How they work OTHER STORIES How I ripped off TV quiz viewers BA ready for Spanish raid Market report: Friday close Drivers fined i ...


Norwich Union's Indian disaster
25 Mar 2007 source: thisismoney.co.uk

Andrew Foxwell, Financial Mail25 March 2007 Norwich Union has unearthed massive shortcomings in its Indian call centres, including failure to follow City watchdog rules and exposing customers to potential fraud. WANT TO KNOW MORE? BLOG: A local bank? Maybe if you live in India TIPS: How to beat call centres POLL: What do you think about Norwich Union exporting jobs to India? OTHER ST ...


DUP commits to date for power-sharing
25 Mar 2007 source: today.reuters.co.uk

BELFAST (Reuters) - Britain said on Sunday Northern Ireland's biggest pro-British Protestant party had committed to share power with Catholics within six weeks, calling it a "major achievement". "This is the very first time that the DUP have ever committed to a firm date for entering government with Sinn Fein...It's of huge historic significance," Northern Ireland Secretary Peter Hain told BBC te ...


AFX TOP STORIES Global 0805 BST
25 Mar 2007 source: iii.co.uk

LONDON (AFX) - Here are the top stories on AFX News US Feb existing home sales near 3-year high but prices continue falling LONDON (AFX) - Existing home sales in the US picked up in February, recording their largest gain in nearly three years even as house prices continued to fall, the National Association of Realtors said. Sales were up 3.9 pct to reach 6.69 mln units in February. The rise  ...


'Chain of events' led to walk out
24 Mar 2007 source: bbc.co.uk

Thousands of staff at the Airbus UK factory in north Wales took unofficial strike action over a "chain of events" - not just proposed job losses. Two-thirds of the 7,000 workers in Broughton, Flintshire, which makes wings for Airbus' A380 passenger jet, were involved in Friday's walk out. Unions at the plant did not support the action and urged their members to return to work. Airbus said the strike was because no profit-share payment was being made. Workers were also concerned about working ...


Injunction in Vonage patent row
23 Mar 2007 source: bbc.co.uk

A US judge has banned internet phone firm Vonage from using technology patents owned by rival Verizon after it was found to have infringed its rights. A permanent injunction was issued on Vonage using the technology to connect users to landline phones but it was stayed for two weeks pending an appeal. Vonage was told to pay $58m ($30m) to Verizon for infringing three patents, as well as royalties on future sales. Vonage is a pioneer in the market for voice-over-internet telephony. 'Customer ...


Paris shares close up on positive US data; Clarins surges on bid speculation ...
23 Mar 2007 source: iii.co.uk

PARIS (AFX) - Share prices ended higher, reversing earlier losses after better-than-expected February housing data in the US prompted investors to resume bargain-hunting, dealers said. Shares in Clarins surged on intense bid speculation following news of the death of its founder. The CAC-40 index closed up 37.45 points or 0.67 pct at 5,635.82, on volume of 5.8 bln eur. On the Matif, April CAC-4 ...


London shares close higher as Pearson outperforms; oil price spike supports ...
23 Mar 2007 source: iii.co.uk

LONDON (AFX) - Leading shares closed higher, building on a week of solid gains as strength in media and energy stocks added to a solid early session on Wall Street, dealer said. At the close, the FTSE 100 index was 21.4 points firmer at 6,339.4, with the wider market mixed. Volume, though, was heavy, with 3.7 bln shares changing hands in 494,387 deals. Meanwhile, US stocks rose in early trade a ...


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