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The Business Matrix: Tuesday 7 August 2012


Bluewater set to get even bigger

Kent's Bluewater shopping centre is about to become the UK's biggest. Australian property group Lend Lease is applying for planning permission for a 375,000 sq ft extension to the 1.6m sq ft mega-mall. Public consultation for the extension begins in September.

Samsung, Apple accusations fly

Samsung and Apple traded blows in California last night in their court case over copyright. Samsung denies it is ripping off Apple designs. "It's called competition," a Samsung lawyer said. Apple's lawyer replied: "Artists don't laugh that often when people steal their designs."

Catlin rebounds from earthquake

Catlin, the Lloyd's of London insurer, turned last year's first-half loss of $201m into a $231m pre-tax profit in the six months to July as the world faced no major catastrophes. Last year it paid out for Japan's massive Tohoku earthquake and tsunami.

Heritage seeking funds for Nigeria

Tony Buckingham's Heritage Oil tapped the City for $370m yesterday as the explorer looks to fund sub-Saharan Africa's biggest-ever upstream oil deal. He is aiming to buy a 45 per cent stake in OML 30, a major oil exploration licence in Nigeria.