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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
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