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 Lego breaks out of the toy box and heads for the gallery
- 2 A bottle of wine a day is not bad for you and abstaining is worse than drinking, scientist claims
- 3 Piers Morgan attempts to save the Union by promising to go back to the US if Scotland votes 'No' to independence
- 4 Tyler, The Creator says having new U2 album automatically downloaded on his iPhone was 'like waking up with herpes'
- 5 Grandmas keep accidentally tagging themselves as Grandmaster Flash on Facebook
David Haines remembered: Death of British hostage executed by Isis lamented from the Balkans to Sudan
Jennifer Lawrence and Kate Upton nude pictures exhibition cancelled after artist concedes photos were 'stolen property'
David Haines beheading: David Cameron says Britain will hunt down Isis 'monsters' shown in video murdering aid worker
Piers Morgan attempts to save the Union by promising to go back to the US if Scotland votes 'No' to independence
Jennifer Lawrence to make public appearance after nude photo leaks as Met Gala Ball 2015 co-host
Daniele Watts: Django Unchained actress detained by Los Angeles police after being mistaken for a prostitute
George Galloway on Scottish independence: The political class is doing what Hitler couldn’t – destroying Britain
Scottish independence: Nationalist leader Jim Sillars threatens pro-union companies with 'day of reckoning' after independence
Scottish independence: Yes campaign feels the heat as Alex Salmond's NHS claims come under furious attack
Scottish independence: Britain faces 'constitutional crisis' at next election
£23m Birmingham cycle scheme is attacked by Tory councillor for not catering to the elderly
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