Thu, 23rd May 2013 06:54
The international consortium bidding for Severn Trent could walk away from the deal following a number of rejections by the utility group over recent weeks, The Times says, citing sources close to the matter. "If the Severn Trent board does not engage, no further proposals will be made," sources tol
Read moreThe largest investor in ENRC has fallen in behind a 3.3bn pound takeover bid for the beleaguered FTSE 100 miner, all but ensuring its success despite protests from independent directors. Kazakhmys, a rival resources group with operations in Kazakhstan, has signalled privately that it will vote its 2
Read moreThe Independent says that Royal Bank of Scotland is to raise a further half a billion pound by offloading a further holding in its listed insurance division, Direct Line. The bank announced late last night that it would be selling a 15.3 per cent stake in the insurer, leaving it with a 49.9 per cent
Read moreShares in digital services provider Hibu soared above 36 per cent Tuesday after the group posted rise in profits during the last quarter. Profits before tax increased by £2.0m to £19m for the last three months of 2012, driven by a 31% surge in digital services revenues to £345m. The division cont
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