Moneyback on Petrol:
See the top stories and tips in UK and international newspapers.
Thursday 28 Aug 2008
Britain is set to endure an even deeper recession than is currently thought next year, with the economy shrinking for the first time since 1991, analysts at Capital Economics have warned, writes the Telegraph.
Wednesday 27 Aug 2008
Royal Bank of Scotland (RBS) will today announce the appointment of a trio of non-executive directors in an effort to demonstrate that Britain's second-largest bank by market value is addressing shareholder concerns in the wake of its £12bn rights issue.
Tuesday 26 Aug 2008
Axon, a little-known IT services company, has become the latest British business to be snapped up by a fast-growing Indian rival.
Sunday 24 Aug 2008
The Competition Commission is considering appointing a special trustee to auction three BAA airports, a move that would take control of the sell-off out of the airport group’s hands.
Friday 22 Aug 2008
India's state-owned oil company ONGC has raced into the lead in the bid to buy Imperial Energy, the £1.2bn London-based oil exploration and production company.
Thursday 21 Aug 2008
BAE Systems has struck a £2bn partnership deal with the Ministry of Defence to provide munitions and explosives, securing the future of its former Royal Ordnance munitions factories.
Wednesday 20 Aug 2008
The computer games industry has launched an unprecedented assault on illegal downloads, demanding payment from thousands of families who obtained the latest releases over the internet without paying.
Tuesday 19 Aug 2008
Marks & Spencer plans to slash the redundancy benefits for its 60,000 staff by up to 25% in a move that has infuriated employees and triggered fears of a middle management cull.
Monday 18 Aug 2008
Woolworths faces a showdown with its biggest shareholders after the ailing retailer rejected a takeover approach for its 815 stores yesterday from Malcolm Walker, the founder of the Iceland frozen-food chain.
Sunday 17 Aug 2008
Rival bidders, including South African miner Impala Platinum, are exploring ways to challenge Xstrata's takeover bid for £5bn UK-listed Lonmin. Sources say the company has received at least two expressions of interest in addition to Xstrata's bid, says the Sunday Telegraph.
Friday 15 Aug 2008
The pint of milk was at the centre of a ferocious supermarket price battle yesterday as Asda and Tesco vowed to cut millions of pounds from customers’ shopping bills this weekend.
Thursday 14 Aug 2008
American Airlines, British Airways and Spain’s Iberia are expected to announce Thursday they are applying for antitrust immunity from the US and European competition authorities to form a transatlantic joint venture that would create one of the most powerful forces in the Atlantic aviation market, says the FT.
Wednesday 13 Aug 2008
Measures to revive the dormant housing market by increasing the supply of mortgage lending are being planned by ministers, The Times has learnt.
Tuesday 12 Aug 2008
BAA’s airport monopoly in south-east England and Scotland is harming passenger interests, the UK Competition Commission has concluded, increasing the likelihood that the Spanish-owned company will be forced to sell some operations.
Monday 11 Aug 2008
Xstrata's £5bn hostile bid for South African miner Lonmin descended further into acrimony over the weekend as the two sides accused each other of using dirty tricks in a bid to garner shareholder support.
Sunday 10 Aug 2008
Mining giant Xstrata has the support of eight of the nine biggest Lonmin shareholders for its $10bn (£5bn) tilt at the platinum producer, says an insider. A source close to Xstrata made the bold claim as the war of words between the two companies escalated late last week, says the Independent on Sunday.
Friday 08 Aug 2008
Ryanair boss Michael O'Leary is interested in launching a £2bn bid for Stansted airport and proving to BAA and the regulators that he can run it much better than they can, says the Telegraph.
Thursday 07 Aug 2008
Potential bidders for Paragon could complete their due diligence as early as next week when many of the UK buy-to-let mortgage lender’s senior managers return from holiday for further talks about a possible investment, reports the FT.
Wednesday 06 Aug 2008
For investors new to GKN, the good news is that the experts expect more from the stock in the second half. Yes, there is likely to be softening, especially in the group's civil aerospace division, but on a price earnings ratio of just 7 times for the year, as well as a 6.7 per cent dividend yield, investors should be tempted to take a punt. Buy, recommends the Independent.
Wednesday 06 Aug 2008
Xstrata, the Swiss-based mining group, was preparing an unsolicited takeover bid for Lonmin, a FTSE 100-listed platinum producer, in a deal likely to be worth about $9bn, says the FT.