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Market Report: Bid talk casts Shire as buyer, not target

Traders have named the pharmaceuticals group Shire as a takeover target more times than they have taken paracetamol, but yesterday the City was overdosing on rumours that Shire was lining up a takeover of a US drug group.

Bumi shakes up management team on way to a 'relaunch'

Embattled coal miner Bumi has revamped its management team in what chief executive Nick von Schirnding claims will be a "relaunch".

The Business Matrix: Tuesday 23 July 2013

Shell bids to strike lucky in Brazil

Bumi battle nears end with $501m deal

The long-running saga of separating the battle-bruised miner Bumi from Indonesia’s powerful Bakrie family could finally be coming to an end after the parties announced a potentially decisive $501m (£330m) deal yesterday.

The Business Matrix: Friday 12 July 2013

SuperDry enjoys a super set of results

TM Lewin set to choose advisers for £100m sell-off

TM Lewin, the maker of shirts worn by hordes of City workers, is close to appointing advisers to sell the business for up to £100m.

Bumi in £113m deal with the former boss of its 'black hole' subsidiary

Bumi, the scandal-scarred coal miner, has struck an agreement to restore its reputation and ultimately lift the suspension in trading of its shares.

Simon English: Will outspoken Mr Buxton continue to talk out loud when he joins Old Mut?

Last month Richard Buxton suddenly quit as head of UK investment at Schroders, the venerable City fund-management house which commentators can seldom resist describing as "blue-blooded".

Bumi shares leap on sale of Rosan Roeslani's pivotal 10% stake

Shares in beleaguered Indonesian coalminer Bumi jumped by nearly 5% yesterday after major investor Rosan Roeslani sold his pivotal 10% stake in the group ahead of a crucial vote on Thursday.

Bumi digs in despite the feuding and hits targets

The bitter feud between Bumi’s co-founders hasn’t affected the coal miner’s performance, as the firm today announced it had met 2012 production targets and cut quarterly costs.

What the Sunday Papers said

Goldman Sachs' chief executive, Lloyd Blankfein, has admitted that media pressure forced the Wall Street bank to drop its plan to save its British employees millions of pounds in bonuses through tax avoidance. "We were very, very influenced by the press, and that's certainly not embarrassing. We have to take account of it," said Mr Blankfein at the World Economic Forum in Davos.

Iraq to sue Genel Energy over exports

Baghdad is preparing to sue Genel Energy, the oil company run by the former BP chief executive Tony Hayward, for "illegally" exporting some of the oil it produced in the semi-autonomous region of Kurdistan.

Bumi lender quits Standard Chartered

A leading Standard Chartered banker involved in making a $1bn (£620m) loan to the Indonesian chairman of the London-listed miner Bumi has quit after the bank struggled to get other lenders on board.

Mining: The darker side of the London market

The Bumi drama highlights how many in the City want to shine more light on foreign firms gaining from a London listing

Foreign miners to be subject to tighter London listing rules

The City regulator will this week announce a clampdown on listing rules aimed at preventing the kind of scandals which have surrounded foreign mining companies such as Kazakhstan's ENRC and Indonesia's Bumi.

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