Other Citywire websites

Citywire printed articles sponsored by:


View the article online at http://citywire.co.uk/new-model-adviser/article/a403359

Morning Eyecatchers: Pru's AIA deal in jeopardy as AIG snubs lower offer

by Phil Cozens on Jun 01, 2010 at 07:44

 * AIG to adhere to original AIA transaction terms; Prudential proposed cutting AIA deal to $30.4 billion; deal in jeopardy

 * BP oil spill costs $990 million so far; LMRP cap on site; second relief well suspended

 * Northern Foods year operating profit up 3.6% to £54.6 million; net debt down 11.5% to £183 million; year underlying profit before tax flat at £39.2 million; dividend held at 6.5p; expects challenging market conditions to continue

 * Capita Group acquires Premier Medical for £60 million

 * FirstGroup sells rail freight business to Europorte, a fully-owned subsidiary of Eurotunnel, for a gross consideration of £30 million; net proceeds of the disposal will be used to further reduce the group's net debt

 * Whitbread says it has no plans to raise funds via issue of equity

 * Scottish & Southern Energy says it will not issue equity if it buys a stake in EDF's electricity networks

 * Chemring reviewing ADG buy after DOJ feedback

 * Ryanair plans to pay its first dividend since being floated in 1997 as it swings back to full-year profit ahead of most rivals and expects to grow earnings further this year; forward bookings reasonable

 * US FDA delays go-ahead for AstraZeneca's Axanium, new Nexium use

Sign in / register to view full article on one page

leave a comment

Please sign in here or register here to comment. It is free to register and only takes a minute or two.

Sorry, this link is not
quite ready yet