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 Rarest Beanie Baby bought for just £10 at car boot sale could be sold for £62,500 on eBay
- 3 Giorgio Armani criticises the way some gay men dress saying 'a man has to be a man'
Rarest Beanie Baby bought for just £10 at car boot sale could be sold for £62,500 on eBay
Katie Hopkins and The Sun editor are reported to police for incitement to racial hatred following migrant boat column
'Jihadi John': Isis executioner Mohammed Emwazi wanted to wage jihad in Somalia until his friends were betrayed and killed by al-Shabaab
Parma, Missouri: 80 per cent of town's police quit after first black mayor is elected
Australian student Tommy Connolly, 23, adopts his pregnant, homeless 17-year-old cousin to give her a chance at 'a better life'
If I’m being racially abused I don’t need a stranger with a saviour complex to rescue me
The only black face in the Ukip manifesto is on the page about overseas aid
Ukip is the only main political party to not address LGBT rights in its manifesto
Food banks: One million Britons will soon be using them, according to Trussell Trust
Religion isn't growing, it is becoming vigorous in its demise, says philosopher AC Grayling
BBC election debate: The one photo that summed up the whole 90-minute leaders debate
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