GM and SAIC to build ‘green’ cars November 1, 2005 American carmaker General Motors and China’s SAIC have signed an agreement to collaborate on manufacturing fuel-efficient hybrid cars for the Chinese market. GM chairman and chief executive Rick Wagoner and SAIC chairman Hu Maoyuan signed a memorandum of understanding yesterday in Shanghai that will see the two firms working together to develop a range of [...]
Villa’s price surges on news of takeover talks November 1, 2005 Shares in Aston Villa surged yesterday after it confirmed takeover talks that could value the Midlands club at £64m. The Aston Villa board said yesterday that it had received a preliminary approach from Birmingham businessman Michael Neville, who is thought to be the front man for brothers Luke and Brian Comer, who run Irish property [...]
Nippon in Pilkington talks November 1, 2005 Shares in St Helen’s-based glass producer Pilkington jumped 25 per cent after confirmation that it is in merger talks with Japanese company Nippon Sheet Glass. Analysts questioned the strategy behind Nippon’s approach, but the stock market was convinced as Pilkington’s shares finished the day at 153.25p a share, up 26.50p. Pilkington’s share price initially spiked [...]
JD Group snaps up Allsports November 1, 2005 Sports retailer John David Group yesterday swooped on stricken rival Allsports in an £18m store and stock deal. Private equity and trade interest in Britain’s fourth-largest sports retailer had fallen away. Retail entrepreneur Mike Ashley is thought to have walked away last week but Ashley has been building a stake in John David Group, suggesting [...]
Mortgage approvals at a year high November 1, 2005 Bank of England data released yesterday sent out mixed messages, with mortgage approvals at their highest level in more than a year, but unsecured lending slowing down. Bank figures showed that house purchase approvals rose to 107,000 in September, up marginally from 106,000 in August. This puts mortgage approvals at their highest level since June [...]
AOL’s co-founder Case quits Time Warner November 1, 2005 The curtain came down yesterday on what some consider to be one of the biggest corporate mistakes of recent times as Steve Case, co-founder of AOL, quit the board of Time Warner. Case was instrumental in brokering a deal in 2000 that saw AOL merge with Time Warner creating the world’s largest media company in [...]
Telefonica agrees £18bn deal for O2 November 1, 2005 Long term takeover target O2 has agreed to a £17.7bn offer from Spanish telecoms giant Telefonica in a deal that will see yet another British phone firm fall to foreign ownership. Since leaving BT four years ago O2’s relatively small size in Europe has seen it touted as the perfect target for acquisitive rivals. O2 [...]
Owen brace sees off WBA October 31, 2005 Two goals for Michael Owen helped Newcastle move into the top half of the table with victory over West Bromwich Albion at the Hawthorns. Alan Shearer came on as a substitute to add the third in what was Graeme Souness’s side’s fourth win in their last six Premiership matches. Despite the defeat, West Brom remain [...]
All Blacks have a chance to erase black mark October 31, 2005 Never mind what may or may not have happened in the opening seconds of the first Test between the Lions and New Zealand in June — it is great to have the All Blacks over here. I am looking forward to watching their attempt to win a Grand Slam against the four home nations. The [...]
Monty rules Europe again October 31, 2005 A share of third place at the Volvo Masters was enough for Colin Montgomerie to clinch a record eighth European Order of Merit title. Paul McGinley of Ireland won at Valderrama after a fourth round 67 that left him on 10 under par. Sergio Garcia was second, two shots behind. However, Montgomerie — who was [...]
