Travis starts work on BSS May 31, 2010 BUILDERS’ merchant Travis Perkins yesterday began four weeks of due diligence on BSS, the plumbing and heating supplies firm, as prospects of a counter-bid began to fade. Travis Perkins made a £533m play for BSS on Friday in a move that would see it overtake Wolseley as Britain’s biggest building products distributor. Some of BSS’ [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 20, 2010 FINANCIAL TIMES JPMORGAN PUSHES ON WITH TALKS OVER BRAZILIAN HEDGE FUND JPMorgan Chase is pushing ahead with talks to buy a large Brazilian hedge fund and private equity group, in spite of impending US legislation designed to limit the involvement of commercial banks in such activities. People close to the situation said the US financial [...]
Accountants are vital for boosting economies right across the world June 16, 2010 IT’S clear we are living in unprecedented economic times. Indicators from various sources – including the latest quarterly survey of ACCA members, the largest of its kind in the world – suggest “cautious optimism”, and no more, is appropriate. In 2010, the financial services sector continues to dominate all levels of debate, from its willingness [...]
Accountants are vital for boosting economies right across the world June 16, 2010 IT’S clear we are living in unprecedented economic times. Indicators from various sources – including the latest quarterly survey of ACCA members, the largest of its kind in the world – suggest “cautious optimism”, and no more, is appropriate. In 2010, the financial services sector continues to dominate all levels of debate, from its willingness [...]
Good news for German exporters June 8, 2010 GERMAN industrial production rose at a slower rate in April but managed to build on March’s bumper 4.3 per cent monthly increase, boosting optimism among analysts about the outlook for the German economy in spite of the ongoing sovereign debt crisis and the latest austerity cuts. The increase in industrial production was driven by intermediate [...]
Contract wins help swell order book for construction firm Balfour Beatty May 12, 2010 CONSTRUCTION firm Balfour Beatty yesterday said its order book has been boosted by a number of key contract wins, and the integration of a US acquisition is progressing well. Britain’s largest infrastructure contractor said that its order book was ahead of the £14.1bn reported at the end of 2009 and its trading performance so far [...]
Centrica looks hard at its nuclear option June 13, 2010 CENTRICA’S finance director Nick Luff is busy trying to work out if the new coalition energy secretary Chris Huhne is a man the country’s largest gas and electricity supplier can do business with. Huhne – a Liberal Democrat – had previously described nuclear power as a “failed technology.” But that was before he scented the [...]
Centrica looks hard at its nuclear option June 13, 2010 CENTRICA’S finance director Nick Luff is busy trying to work out if the new coalition energy secretary Chris Huhne is a man the country’s largest gas and electricity supplier can do business with. Huhne – a Liberal Democrat – had previously described nuclear power as a “failed technology.” But that was before he scented the [...]
Money supply starts to feel effects of QE June 2, 2010 THE Bank of England received some welcome news today after its preferred measure of broad money supply finally showed strong growth. M4X, which excludes activity between intermediate financial institutions, grew at a three-month annualised rate of 6.6 per cent in April. This is a pace not seen since before the collapse of Bear Stearns and [...]
Money supply starts to feel effects of QE June 2, 2010 THE Bank of England received some welcome news today after its preferred measure of broad money supply finally showed strong growth. M4X, which excludes activity between intermediate financial institutions, grew at a three-month annualised rate of 6.6 per cent in April. This is a pace not seen since before the collapse of Bear Stearns and [...]