Hot Chi Minh Foreign investment means tourism is coming to Vietnam’s capital, says Ben Griffiths Intoxicating Ho Chi Minh is the best place to experience the myriad changes taking place in Vietnam, a country on the fast-track to becoming one of the hottest spots in Asia. The downtown area encapsulates all the sights and sounds of Asia juxtaposed [...]
CSR profits soar on Bluetooth Bluetooth wireless communications specialists CSR has rung up a 151 per cent growth in third quarter profits and the company has hired more staff to meet demand for its technology. CSR said pre-tax profits were $45.5m (£25.8m) in the period compared with $18.1m in the same quarter of 2003. The Cambridge-based firm also announced that [...]
No more US deals for RBS Sir Fred Goodwin has reiterated Royal Bank of Scotland’s stance on acquisitions in America, saying there are no plans for further deals following last year’s purchase of Charter One Financial. In an interview with news agency Bloomberg in New York, the Edinburgh bank’s chief executive said: “Organic growth is our number one priority (in America).” [...]
Deutsche Telekom to axe 32,000 jobs November 3, 2005 Deutsche Telekom is axing 32,000 jobs in a radical restructuring as the German phone group ruled out making a counter-bid for O2, leaving Telefonica with a clear run at the British mobile phone firm. The job losses, which amount to 12 per cent of the workforce, include 7,000 employees being outsourced. The remaining 25,000 will [...]
A good call for O2 buyer November 1, 2005 It was just a matter of time before someone made a move on the British company, so Telefonica’s offer for O2 was no big shock. But there’s still time for other rivals to muscle in on the act, says Ben Griffiths. Since splitting off from BT four years ago, O2 has persistently found itself unable [...]
Parkdean in talks with Grainger November 1, 2005 Camping and caravan parks operator Parkdean Holidays has confirmed it is in talks which could see it taken over by London-quoted property group Grainger Trust. Parkdean’s shares soared 20 per cent on the news while Grainger warned the discussions may or may not lead to an offer for Britain’s second-biggest operator of holiday sites. Grainger, [...]
