Australia extends Serco Christmas Island deal
Serco, the outsourcing giant which repaid £68.5m to the UK Ministry of Justice last week, has received a vote of confidence from the Australian government. It has extended Serco’s contract with its border protection department to run 17 detention centres in the country’s mainland and on Christmas Island.
Euromoney chief a big earner with £4.7m
Richard Ensor, chairman of publisher Euromoney Institutional Investor, earned £4.7m in 2013 in pay and bonuses, making him one of the best-paid directors outside the FTSE 100. His bonus fell slightly from £4.6m a year ago to £4.5m, but he and his board shared a bonus pot of £8m.
Iberdrola sells its stake in NuGen to Toshiba
Iberdrola, the Spanish owner of ScottishPower, has agreed to sell its 50 per cent stake in the nuclear consortium NuGen to Japan’s Toshiba. NuGen, a joint venture with the French utility GDF Suez, owns a site at Sellafield where its plans to build new nuclear plant have stalled.
Elliott blocks McKesson bid for Lloyds owner
Elliott International has rejected an $8.3bn (£5bn) takeover approach for Celesio, owner of the Lloyds Pharmacy chain. The US hedge fund argues McKesson should up its offer. Celesio also owns Evolution Homecare and Dr Thom, the online doctor. It is based in Germany.