Shares News

LONDON (Thomson Financial) - The board of supermarket giant J Sainsbury PLC is set to recommend a revised takeover offer from Delta Two, the Qatari-backed investment fund, the Independent on Sunday reported without citing sources. An announcement to the stock market is expected to be made towards the end of this week, the paper said. It is believed that Delta Two has also won the backing of the  ...

FRANKFURT (Thomson Financial) - Deutsche Bank AG is paying more than 150 mln eur of damages to Belgian Gevaert-Holding, due to the insolvency of construction company Philipp Holzmann AG in 2002, Der Spiegel reported in an article to be published tomorrow, citing insider sources. Gevaert had bought a 30 pct stake in Holzmann for 410 mln deutschmark, partly from Deutsche Bank, which was majority sh ...

MILAN (Thomson Financial) - Enel SpA is expected to post proforma EBITDA of 13.5 bln eur in full year 2007, including a contribution from Endesa, said a study on the company by Il Sole 24 Ore in its Sunday edition. Endesa is seen generating EBITDA of 7.5 bln eur, of which 4.9 bln is Enel's share, it said. Last Friday, Enel gave details on its stake in Endesa after completing a bid together with S ...

DUESSELDORF, PARIS (Thomson Financial) - E.ON AG and GDF-Suez, the company to be formed from the merger of Gaz de France and Suez, are currently in talks regarding a possible cross-shareholding in each other's company, Sueddeutsche Zeitung reported, citing a person close to the companies. The report said the cross-shareholding deal would also involve GDF-Suez selling Belgian unit Distrigaz to E.O ...

PARIS (Thomson Financial) - France's Caisse des Depots (CDC) said it neither sought nor got authorisation from the state to buy the 2.25 pct stake in EADS that it had agreed to purchase from Lagardere last year just before problems with the Airbus A380 jet became public and caused the share price to plunge. It did confirm its acquisition of the shares was cleared by Sogeade, a joint venture betwe ...

PARIS (Thomson Financial) - French president Nicolas Sarkozy's office would be amenable to a merger between conventional power plant maker Alstom and nuclear power plant maker Areva, in which the French government is currently the main shareholder, the weekly paper Journal du Dimanche said, citing sources. It also said construction giant Bouygues, which late Friday announced it had raised its sta ...

LONDON (Thomson Financial) - A large American investor has slammed HSBC bank for "casually dismissing" serious concerns about performance and corporate governance, The Observer reported. The California State Teachers' Retirement System (Calstrs), a fund which has invested some 150 mln stg in HSBC's equity and 1.5 bln usd in its corporate bonds, has written to HSBC chairman Stephen Green ...

LONDON (Thomson Financial) - Barclays chief executive John Varley claimed this weekend that his rival, Sir Fred Goodwin of Royal Bank of Scotland, is paying too high a price to take over ABN Amro, The Observer reported. A consortium led by RBS beat Barclays in the bidding battle for the Dutch bank with an offer of 71 bln eur (49 bln stg) in the world's biggest ever bank takeover. Barclays conced ...

KRAKOW, Poland (Thomson Financial) - MAN AG chief executive Hakan Samuelsson said the January-August period saw the company's revenues rising 13 pct year-on-year to around 9 bln eur while new orders were up 22 pct at 12.7 bln eur. Speaking to reporters late Friday, Samuelsson said the company's commercial vehicles division is "completely on track" in terms of its full year 2007 targets. ...

ZURICH (Thomson Financial) - Roche Holding AG remains convinced that its hostile 3 bln usd takeover offer for US company Ventana Medical Systems Inc will eventually be accepted by shareholders. "We offer a premium of 55 pct over the three-months average share price prior to the offer. This is a very fair offer," Juergen Schwiezer, the new head of Roche's diagnostics unit said. Roche cu ...