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	RUBRIC NEWS : "ENTERPRISES NEWS"

17 Dec 2009 15:04

British Airways Chief Holds Strike Talks With Union : British Airways Plc Chief Executive Officer Willie Walsh met with Unite union leaders today in an effort to head off a Christmas strike by the carrier’s 13,000 cabin crew. The “unconditional” talks were adjourned and will resume tomorrow, airline spokesman Tony Cane said by telephone. Unite spokeswoman Pauline Doyle said in an earlier e-mail that Tony Woodley and ...

Barclays, British Airways, HMV: U.K., Irish Equity Preview : The following is a list of companies whose shares may have unusual price changes in U.K. and Irish markets today. Stock symbols are in parentheses and prices are from the last market close. ...
11 Dec 2009 15:21

Shell UK Taps Neptune for Subsea Consultancy Services : Neptune Marine Services announced that its Aberdeen based engineering division, Neptune Subsea Engineering, has signed a new contract with global energy major Shell UK for the provision of subsea ...
02 Dec 2009 15:25

30 Nov 2009 15:31

Scotland May Lose 3,000 Finance Jobs in 2010, Item Club Says : Scottish financial-services companies may cut 3,000 jobs in the next year as the country’s economy lags behind that of the U.K. as a whole, Ernst & Young LLP’s Scottish Item Club said. ...

24 Nov 2009 15:04

UK branches of Borders to be sold : The Borders bookshop chain in the UK wants to quickly find a buyer for the business. A takeover deal involving WHSmith was quashed before the weekend when the Smith interests walked away. Borders has reportedly been concerned it does not have enough cash to see it through until Christmas and believes it is likely to go into administration without a swift sale. ...

24 Nov 2009 15:03

Lloyds launches record UK rights issue : London, England -- Lloyds Banking Group on Tuesday launched the UK's largest rights issue to raise £13.5 billion ($22 billion), offering investors new shares at 37 pence each (61 cents), a discount of nearly 40 ...

23 Nov 2009 15:46

British Airways May Still Mull Qantas Tie-up, FT Says : British Airways Plc could revive plans for a tie-up with Qantas Airways Ltd., using its merger with Spain’s Iberia Lineas Aereas de Espana SA as a template, Chief Executive Officer Willie Walsh ...

23 Nov 2009 15:41

Lloyds to Issue Up to $13 Billion of ECN Securities : Lloyds Banking Group Plc, the U.K.’s biggest mortgage lender, will issue about $13 billion of enhanced capital notes, new securities designed to meet concerns that hybrid debt failed to absorb ...

18 Nov 2009 14:08

Allied Irish Says 2009 Bad Debt Charge will be EU5.3 Billion : Allied Irish Banks Plc said its bad debt charge for 2009 will be about 5.3 billion euros. ...

18 Nov 2009 14:07

Lloyds gets EU approval for UK bailout : Britain's Lloyds Banking Group PLC won EU approval Wednesday for its 17 billion pound ($28.6 billion) government capital injection in return for shrinking its operations. EU regulators said Lloyds' plan to sell off more than 600 retail banking branches, or 4.6 percent of its total, would allow a new rival to emerge. They said that would help remove the competitive advantage ...

13 Nov 2009 15:06

Lloyds May Face Large Losses From Kenmore Collapse, Times Says : The collapse of Kenmore Property Group Ltd., a U.K. real-estate developer, leaves Lloyds Banking Group Ltd. facing the possibility of large losses from 700 million pounds ($1.2 billion) of ...

13 Nov 2009 15:04

British Airways, Iberia Agree to $7 Billion Merger : British Airways Plc agreed to a $7 billion merger with Spanish carrier Iberia Lineas Aereas de Espana SA, ending more than a year of talks on a tie-up aimed at fighting a slump in travel and closing ...

10 Nov 2009 15:48

Lloyds Says It Will Cut 5,000 Jobs to Reduce Costs : Lloyds Banking Group Plc, Britain’s biggest mortgage lender, said it plans to cut about 5,000 jobs in its administration, insurance and mortgage units. The bank will eliminate 2,600 full-time positions and a further 1,000 contractors and temporary workers by the end of next year, Lloyds said in a statement today. About 1,400 workers will be ...

Telstra Says BT Model Breakup May Cost A$1.2 Billion : Telstra Corp., facing government pressure to split from its fixed-line network, expects any breakup similar to the model used for BT Group Plc would cost as much as A$1.2 billion ($1.1 billion). ...
04 Nov 2009 15:05

03 Nov 2009 14:53

Lloyds to Raise $34 Billion to Avoid Control by U.K. : Lloyds Banking Group Plc plans to raise 21 billion pounds ($34 billion) in Britain’s biggest rights offering and deny the government majority control of the country’s largest mortgage lender. ...

03 Nov 2009 14:46

Banking Giant HSBC To Cut 1,800 UK Jobs : Banking giant HSBC says it is to cut 1,800 jobs in the UK. Most of the job cuts are expected to be among back-office and "network management" roles. A formal announcement is expected later. ...

UK firms lose more than £1.3bn a year through social networking : The firm questioned 1,460 office workers, and 57 per cent of those said they used social networking sites during the working day for personal use. On average they were spending 40 minutes ...
27 Oct 2009 15:17

Barclays to Buy Standard Life Bank for $369 Million : Oct. 26 (Bloomberg) -- Barclays Plc, the U.K.’s second- biggest bank, agreed to buy Standard Life Plc’s banking assets for 226 million pounds ($369 million) to expand its British savings and ...
26 Oct 2009 15:16

U.K. Retail Sales Unexpectedly Stagnated in September : By Brian Swint Oct. 22 (Bloomberg) -- U.K. retail sales unexpectedly stagnated in September for a second month as Britons spent less on food and clothing, a sign the country is struggling to escape the ...
22 Oct 2009 15:28

20 Oct 2009 13:35

Marks & Spencer May Speed Up Non-U.K., Web Retail : Oct. 12 (Bloomberg) -- Marks & Spencer Group Plc, the clothing retailer fighting two years of declining sales in its home British market, may announce plans for more international stores tomorrow. ...

Alphameric Signs Contract to Show Turf TV at Coral (Update1) : Alphameric Plc signed a contract with Gala Coral Group Ltd. to show Turf TV horse racing broadcasts at the bookmaker's 1,560 outlets, securing a deal with one of the U.K.'s three biggest ...
24 Dec 2007 09:01

14 Dec 2007 09:51

Centrica Affirms Profit Forecast, Says Gas Costs Rise (Update2) : Centrica Plc, the U.K.'s largest energy supplier, said full-year earnings will be in line with analysts' expectations even as higher natural-gas prices increase the cost of sales. ...

12 Dec 2007 09:52

HMV Posts First-Half Profit on Sale of Japanese Shops (Update1) : HMV Group Plc, the U.K.'s largest music retailer, reported a first-half profit after selling its Japanese stores and gaining market share in Britain as rival chains closed their doors. ...

Ashtead Says Second-Quarter Net Rises 56% Helped by U.S. Unit : Ashtead Group Plc, the owner of the Sunbelt rental company in the U.S., said fiscal second-quarter profit rose 57 percent, helped by the integration of NationsRent into its U.S. unit. ...
11 Dec 2007 08:52

28 Nov 2007 10:30

Wolseley to Cut 1,300 Jobs in the U.S. After Drop in Profit : Wolseley Plc, the world's biggest distributor of plumbing and heating equipment, plans to cut 1,300 jobs in the U.S. in the second quarter after a housing slump there hurt profit. ...

Candover-Led Group to Buy Stork for EU1.5 Billion (Update2) : Candover Investments Plc, a U.K. buyout firm and two Icelandic partners, agreed to buy Stork NV for 1.5 billion euros ($2.2 billion), breaking a deadlock by splitting off the company's Food ...
28 Nov 2007 10:12

22 Nov 2007 11:55

Umbro, Sports Direct Say England Exit to Hurt Results (Update2) : Umbro Plc, the soccer-uniform maker being acquired by Nike Inc., and U.K. retailer Sports Direct International Plc said earnings will be hurt by England's failure to qualify for the 2008 ...

Northern Rock Declines on Doubts Over Bank's Value (Update5) : Northern Rock Plc, the U.K. bank bailed out by the Bank of England, slumped for a second day in London trading after saying that bids are ``materially below'' its market value. ...
20 Nov 2007 17:52

19 Nov 2007 09:45

SABMiller to Acquire Grolsch for 816 Million Euros (Update1) : SABMiller Plc, the world's third- largest brewer, said it plans to buy Royal Grolsch NV of the Netherlands for 816 million euros ($1.2 billion), gaining a premium brand to offer in emerging ...

Northern Rock Won't Get Extended Aid as Bids Received (Update1) : Northern Rock Plc's 25 billion-pound ($51 billion) loan from the Bank of England won't be extended indefinitely, the government said, possibly deterring bidders from the U.K. bank that ...
19 Nov 2007 09:30

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