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Friday Papers: Li Ka-shing pays £5.8bn for UK utility - bid news and gossip
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by Himanshu Singh on Jul 30, 2010 at 03:23
* 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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