P&O bidding war hots up November 1, 2005 Shares in P&O Ferries surged yesterday as the prospect of a bidding war for the group intensified after it confirmed Dubai Ports World had made a takeover offer. P&O shares rocketed to 425p in early trade and ended the day 30 per cent up at 404p. It is understood UAE government-owned Dubai Ports will face [...]
P&O growth slows October 26, 2005 P&O trimmed profits expectations from its ports business yesterday, blaming a slowdown in consumer spending. The group said it was seeing slower volume growth of its container business across British terminals as it cut £3-£4m off its August guidance of full year pre-tax profits of £177m. Shares closed down 3.4 per cent at 302.5p. P&O, [...]