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’Snap news
Breaking pre-market news on Friday,
- Flybe prices IPO at 295p per share — statement and statement.
- City Link managing director resigns; Rentokil Initial warns full year performance unlikely to improve — statement.
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Breaking pre-market news on Friday,
- KKR-led group buys Del Monte for around $4bn excluding debt — report
- Genzyme CEO says he’s open to linking performance of Campath drug to price of Sanofi bid — report
- Mahindra &
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Breaking pre-market news on Friday,
- Vedanta Resources details $6bn financing arrangement for Cairn India — statement.
- Nestlé announces changes to sales recognition policy — statement.
- BTG to acquire Biocompatibles for £177m,
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Breaking pre-market news on Thursday,
- Essar Energy profits fall 28 per cent, warns on Indian inflation — statement.
- Mastercard strikes 360p per share deal to buy DataCash — statement.
- Gulfsands Petroleum says Lambouka well is water-bearing — statement.
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Breaking pre-market news on Monday,
- Tui Travel expects £20m loss so far from Eyjafjallajökull eruption — statement.
- LSR Group announces 12 per cent rise in EBITDA in 2009 — statement.
- SOCO International secures rig for drilling in Nganzi Block — statement.
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Breaking pre-market news on Thursday,
Petrofac announces demerger of its North Sea oil assets – statement.
- VT Group drops bid for Mouchel – statement.
- Delta recommends 185p a share cash offer from Valmont Industries – statement.
Snap news
Breaking pre-market news on Tuesday,
- KiFin (Nathan Kirsh and family) makes 50p per share hostile cash offer for Minerva – statement.
- Cable and Wireless announce details of proposed demerger, launches £200m convertible bond – statement,
Snap news
Breaking pre-market news on Friday,
- Graham Chipchase to succeed Leslie Van de Walle as Rexam chief executive – statement.
- Grupo Ferrovial says it will inject £500m equity injection into its London airports group – statement.
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Breaking pre-market news on Friday,
- China tells banks to conduct quarterly stress tests — Reuters.
- Top Cadbury investor would consider 820p bid — Reuters.
- Balfour Beatty receives acceptances for 97 per cent of shares in rights issue — statement.
Snap news
Breaking pre-market news on Tuesday,
- Lloyds Banking Group sells Bank of Scotland portfolio management service to Rathbone £35.4m – statement.
- Balfour Beatty wins US contract worth $449m – statement.
Balfour buys Parsons Brinckerhoff
Balfour Beatty is buying US consulting and engineering group Parsons Brinckerhoff for $626m, in what will be the largest acquisition in the UK construction group’s history. The purchase, which will bolster Balfour’s position in a US market that accounts for 24% of its revenue,
Snap news
Breaking pre-market news on Thursday,
- Balfour Beatty confirm it is in advanced discussions regarding a “significant and complementary” acquisition – statement.
- Tullow Oil finds oil in its Ugandan Ngassa-2 well;
Snap news
Breaking pre-market news on Friday,
- Vedanta Resources announces revised $2.565bn cash offer for operating assets of Asarco – statement.
- Tesco and Fortis conclude discussions to form a new motor and household insurance partnership – statement.
Snap news
Breaking pre-market news on Friday,
- Bank of Ireland sees impairment charges of €6bn in 3yrs to 2011 – statement.
- Friends Provident completes demerger of stake of in F&C Asset Management – statement.
Snap news
Breaking pre-market news in London on Wednesday:
- RBS confirms disposal of 4.26% (£1.6bn) stake in Bank of China – reduction of £4bn in RWAS – statement
- UK Govt releases details of £20bn Enterprise
Balfour Beatty in deal for Centex Construction
Balfour Beatty will buy Centex Construction of the US for $362m cash, in spite of tougher trading conditions for engineering and building companies in North America. Centex Construction, which mainly focuses on schools,
Balfour Beatty and Bridgepoint in running for Leeds airport
Balfour Beatty, the construction firm that bought Exeter airport three months ago, is among the final bidders in the £120 million-plus auction of Leeds airport, reports the Times. Balfour, which also tried and failed to buy London’s City airport last year,