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Hershey weighs $17bn bid for Cadbury The charitable trust that controls Hershey has encouraged the US confectioner's management to pursue a $17bn bid for Cadbury, topping Kraft Foods' hostile $16.2bn offer (Sat, 21 Nov 2009 00:24:36 +0000) Nationwide lashes out at rescued banks The head of Nationwide, Britain's biggest building society, accuses government-backed companies of seriously distorting the savings market as its profits fall more than 60% (Fri, 20 Nov 2009 20:56:04 +0000) Tax dodgers prove robust in hard times Britain's black economy is proving far more robust than its official counterpart, according to an authoritative study across developed countries (Fri, 20 Nov 2009 23:09:50 +0000) L&G set to appoint John Stewart as chairman The UK's third largest life and pensions company is on the verge of appointing John Stewart, the former head of National Australia Bank, as its new chairman, pending FSA approval (Fri, 20 Nov 2009 20:16:43 +0000) Gartmore to cut debt with £250m IPO The asset management group says the offering will cut net debt to £150m. Managers are expected to sell up to 20% of their shares (Fri, 20 Nov 2009 19:20:23 +0000) 'Boris of the North' preaches revolution Peter Davies, Doncaster's accidental mayor, has dispensed with his official car and severed twinning links with five foreign towns. But he says he is just getting started on a raft of changes (Fri, 20 Nov 2009 19:16:47 +0000) Reclusive Ferrero has financial wherewithal The Italian confectionery group may not be glamourous but it has annual revenue of €6.2bn and net profit of €371m (Fri, 20 Nov 2009 21:59:58 +0000) Foreign buyers snap up UK country houses The traditional owners of Britain's large country houses are being displaced by a wave of international and "new money" buyers, according to research (Fri, 20 Nov 2009 18:24:36 +0000) Private banks seek home loan cash deposits Private banks are demanding upfront cash deposits from wealthy homebuyers seeking property loans, as extra security against uncertain bonus income (Fri, 20 Nov 2009 20:33:43 +0000) Mortgages before current accounts at Tesco The supermarket chain, which has pledged to become the 'people's bank', has indicated that it could look to introduce mortgages by the end of next year, but may not begin offering current accounts until 2011 (Fri, 20 Nov 2009 19:33:24 +0000) Opposition threatens digital reform bill The two main UK opposition parties on Friday threatened to block regulatory reforms affecting broadband, internet piracy and broadcasting unless the government made concessions (Fri, 20 Nov 2009 22:54:46 +0000) Ashton takes EU foreign policy role Herman Van Rompuy and Baroness Ashton were welcomed by world leaders as Europe's first full-time president and foreign policy chief, even as a chorus of critics questioned their relatively low profiles (Fri, 20 Nov 2009 16:38:55 +0000) CBI backs Tory deficit strategy The UK employers' group has supported Conservative plans to cut the budget deficit swiftly and sharply, rejecting Gordon Brown's eight-year timetable to reduce the national debt (Thu, 19 Nov 2009 23:31:00 +0000) Push starts to make 'Digital Britain' law The government has put forward legislation to tackle illegal file-sharing and abuse of internet domain names, protect local news provision and add age ratings to video games (Fri, 20 Nov 2009 13:01:12 +0000) Matalan draws buy-out groups Five heavyweight private equity groups are among the first-round bidders for the privately owned discount clothing retailer (Thu, 19 Nov 2009 20:48:31 +0000) © Copyright The Financial Times Ltd 2009. "FT" and "Financial Times" are trademarks of the Financial Times. See http://www.ft.com/servicestools/help/terms#legal1 for the terms and conditions of reuse. | |||||||||
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