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Friday Papers: Li Ka-shing pays £5.8bn for UK utility - bid news and gossip
KBC Peel Hunt unveils £74m staff-led buy-out from its Belgian parent
Markets
* Avis puts in $1.3m bid in effort to thwart $1.2bn deal struck by Herz for Dollar Thrifty in May.
The Independent
* The Works to go on sale for £80m after fast turnaround.
Daily Express
* Gourmet Burger Kitchen and The Real Greek chains operator Clapham House Group rose 111/2p to 731/2p after a takeover approach.
* Unilever was under pressure yesterday, down 44p to 1821p, as worries over rising inflation costs and increased competition cast a shadow ahead of next week’s second-quarter figures.
* Santander confirmed it is looking to spin off its British operations into a separate stock market-listed company worth up to £3 billion.
* BAE Systems is slashing thousands of jobs to cope with government defence spending cuts despite racking up profits of more than £1billion.
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2 comments so far. Why not have your say?
Patricia Lewis-Wong
Jul 30, 2010 at 10:36
It is interesting that Li Ka-Shing is buying into the EDF UK electricity networks.
The 1997 debacle where Britain was reluctant to issue British passport to the people of Hong Kong, with entrepreneurs like him Britain would have been a thriving and prosperous country instead we open Britain to scoungers and fundamentalist who wants to destroy the British way of life.
Welcome Mr Li Ka-Shing!!
report thisSuspicious one.
Jul 30, 2010 at 11:23
Well said Patricia. I fully agree. Anyone who has seen the work ethic in the East, where people want to improve themselves and education is a first and prized prority, wonder at the foolish decisions made by the British Government. Some recent immigrants have made their mark without fuss (again anyone having a knowledge of the business acumen within that influx would have expected such an outcome). Mr Li-Ka-Shing is indeed most welcome and probably has a better standard of the English language than many here.
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