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Dec 18, 2014

Aer Lingus rejects takeover approach from British Airways owner

LONDON/DUBLIN, Dec 18 (Reuters) – Aer Lingus has
rejected a takeover approach from the owner of British Airways
, which is keen to gain control of the Irish airline’s
slots at London’s Heathrow Airport.

Shares in Aer Lingus surged as much as 20 percent
on Thursday after the Financial Times reported that British
Airways-owner International Consolidated Airlines Group (IAG)
was considering a takeover bid.

Dec 16, 2014

UK telecoms regulator names top Treasury official as new CEO

LONDON, Dec 16 (Reuters) – British communications regulator
Ofcom named Sharon White as its new chief executive on Tuesday,
turning to the top Treasury civil servant to steer it through
what is expected to be a time of much change for the
telecommunications and media markets.

White will take up the role in March 2015, joining from
Britain’s finance ministry where she has spent the last year in
charge of managing the country’s public finances as second
permanent secretary.

Dec 10, 2014

BG Group sells Australian gas pipeline for $5 billion

LONDON, Dec 10 (Reuters) – British oil and gas company BG
Group Plc agreed to sell its Australian QCLNG Pipeline
business for $5 billion as part of a turnaround plan after a
string of production downgrades.

The sale to Australia’s APA Group will result in a
post-tax profit of around $2.7 billion for BG, a boost for the
company which is in the middle of an asset review to weed out
projects that have weighed on its performance.

Dec 10, 2014

Qatari bid for Canary Wharf owner Songbird wins more support

LONDON, Dec 10 (Reuters) – The Qatari-led group attempting a
takeover of Songbird Estates, owner of the Canary Wharf
financial district in London, said another shareholder had
pledged support to take total acceptances to nearly a third of
the company’s free float.

Qatar Investment Authority (QIA) and its bidding partner,
U.S. investor Brookfield Property Partners, launched a
350 pence-a-share offer direct to Songbird shareholders last
Thursday, valuing the company at $4 billion.

Dec 9, 2014

Boeing sees funding for aircraft buyers remaining strong

LONDON, Dec 9 (Reuters) – Boeing Co sees no let-up in
the strong supply of funding available to help commercial jet
aircraft buyers acquire the $124 billion worth of airliners
expected to be delivered next year, the U.S. planemaker said in
its annual forecast.

New aircraft deliveries have risen steadily over the last
five years, with the $124 billion spending forecast for 2015
double the value of deliveries in 2010.

Dec 5, 2014

Balfour rejects $1.6 billion John Laing Fund offer for public-private assets

LONDON (Reuters) – British infrastructure group Balfour Beatty (BALF.L: Quote, Profile, Research, Stock Buzz) has rejected a 1 billion pound ($1.6 billion) offer from John Laing Infrastructure Fund (JLIF) for assets it operates in partnership with government, saying the price was too low.

The offer comes amid troubled times at Balfour, which has issued a string of profit warnings, and been forced to fend off takeover approaches from rival Carillion (CLLN.L: Quote, Profile, Research, Stock Buzz).

Dec 5, 2014

Balfour rejects 1 billion pound John Laing Fund offer for public-private assets

LONDON (Reuters) – British infrastructure group Balfour Beatty (BALF.L: Quote, Profile, Research) has rejected a 1 billion pound offer from John Laing Infrastructure Fund (JLIF) for assets it operates in partnership with government, saying the price was too low.

The offer comes amid troubled times at Balfour, which has issued a string of profit warnings, and been forced to fend off takeover approaches from rival Carillion (CLLN.L: Quote, Profile, Research).

Dec 4, 2014

TUI Travel upbeat ahead of merger after forecast-beating 2014

LONDON (Reuters) – British travel group TUI Travel (TT.L: Quote, Profile, Research, Stock Buzz), weeks away from completing a merger with TUI AG (TUIGn.DE: Quote, Profile, Research, Stock Buzz), reported a forecast-beating 11 percent rise in underlying profits on Thursday .

The company and TUI AG, its biggest shareholder, reached an agreement in September on the terms of a 6.5 billion-euro merger to create the world’s largest leisure tourism group. The deal will complete on Dec. 17.

Dec 3, 2014

Ladbrokes starts search for successor to CEO Glynn

LONDON, Dec 3 (Reuters) – British bookmaker Ladbrokes
said it would replace under-pressure chief executive
Richard Glynn after five years in charge, seeking a new leader
to help strengthen its online operations.

Shares in Ladbrokes traded almost two percent higher at 0920
GMT on Wednesday, reflecting hopes that the change would enable
the company to close the gap on market leader William Hill
and compete better in the growing online sector.

Nov 27, 2014

Britain awards East Coast rail contract to Stagecoach-Virgin JV

LONDON, Nov 27 (Reuters) – Britain said it would award a
contract to run trains between London and Scotland to a
Stagecoach and Virgin partnership, returning the East
Coast line to private control after five years in state hands.

Britain’s Department for Transport (DfT) on Thursday
selected the duo over the other two shortlisted bidders, British
transport company FirstGroup and a Keolis-Eurostar joint
venture controlled by the French state railways SNCF.