Business news in brief
Tuesday 06 May 1997
The two rival bidders for Thomson-CSF, the state-owned French defence group, are expected to submit final bids tomorrow. Alcatel Alsthom, the electronics and telecommunications group, is launching a joint bid with the privately owned Dassault Industries. The other bidder is Lagardere, the industrial conglomerate. Daimler-Benz Aerospace and GEC, which was barred by the French government from bidding directly, have been in talks with both bidders over joint deals.
The number of mergers and acquisitions in Northern Ireland rose 17 per cent last year, according to a new report from the mergers and acquisitions specialist, Company Broking Consultants. Companies based outside Northern Ireland accounted for over 40 per cent of the 48 changes of ownership in the area, representing an investment of around pounds 250m in the economy.
Great North Eastern Railway (GNER) yesterday opened what it claims is the UK's largest rail telesales office, employing 250. The new pounds 750,000 centre is expected to take 1.3 million ticket bookings during its first year of operation, handling 25,000 telephone reservations for travel on high-speed services between London, Yorkshire, the North-east and Scotland.
Regent Pacific Group Limited, the Hong Kong emerging markets investment house in which Hambros Bank has a 3.5 per cent stake, launches its initial public offering today at HK$ 2.62 a share. The launch of a HK$ 447m placing and new issue values the company at HK$ 2.494bn. The announcement co-incides with the possibility that Hambros may face legal action over its role in Andrew Regan's failed pounds 1.2bn bid for the Co-op.
- 1 JK Rowling responds to fan tweeting she 'can't see' Dumbledore being gay
- 2 The West has it totally wrong on Lee Kuan Yew
- 3 #FreeTheNipple: Women in Iceland bare breasts in solidarity with trolled student
- 4 Video shows what happens when lava is poured onto ice
- 5 Cate Blanchett loses temper during interview: 'That's your f**king question?'
Andreas Lubitz: Who is Germanwings co-pilot who 'locked out captain and crashed flight 9525'?
Germanwings crash: The poignant final photograph taken by Iranian journalist on doomed flight after watching Barcelona play Real Madrid
#FreeTheNipple: Women in Iceland bare breasts in solidarity with trolled student
Cate Blanchett loses temper during interview: 'That's your f**king question?'
Jeremy Clarkson calls on trolls to leave producer Oisin Tymon alone: 'None of this is his fault'
Nigel Farage brands LGBT activists 'filth' and 'scum' and accuses them of scaring away his children after they invade his local pub
Ukip supporters are 55 or older, white and socially conservative, finds British Social Attitudes Report
JK Rowling responds to fan tweeting she 'can't see' Dumbledore being gay
Russia threatens Denmark with nuclear weapons if it tries to join Nato defence shield
Jeremy Clarkson sacked live: Alan Yentob 'wouldn't rule out' ex Top Gear host's BBC return
Vote Ukip, says far-right group Britain First
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