An A-Z of Sunday business news

12 April 2012

This Is Money reads the newspapers so you don't have to. Here is this week's round-up of top stories we have selected from the Sunday business sections.

Allied Irish Banks
Sunday Telegraph: Ireland's leading financial services group has put AIB Govett, its British fund manager, up for sale with a price tag of around £120m.

Astraeus
Sunday Times: A group of aviation industry veterans are close to launching a new British holiday airline.

Astucia
Sunday Telegraph: Astucia, the firm that makes a revolutionary new range of intelligent Catseyes, designed to make roads safer, is preparing to float on the stockmarket for more than £100m.

BA
The Observer: Leading shareholders are planning to remove British Airways chairman Lord Marshall to prevent him blocking radical plans by chief executive Rod Eddington for restructuring the airline.

Barings Bank
Independent on Sunday: One of the key figures in the collapse of Barings has been censured by a regulatory body, nearly seven years after its failure.

BHS
Sunday Times: Entrepreneur Philip Green and his family have made the fastest billion pounds in British history by turning round clothing chain BHS.

Bonhams
Independent on Sunday: The auctioneer is to axe up to a fifth of its staff following its merger with the UK salesrooms of Phillips, de Pury and Luxembourg.

Cable & Wireless
Sunday Times: The telecoms group is to go ahead with its £760m acquisition of Exodus Communications, despite continued scepticism of many of its institutional shareholders

Cazenove Group
The Business: Cazenove, parent company of the stockbroker of the same name, has revealed pre-tax profits of £9.6m in the six months to 31 October. The group had planned to float on the London Stock Exchange this year, but any dip in profits could delay its plans.

Cordiant Communications
The Observer: The advertising group spun out of the old Saatchi & Saatchi, is in talks with its bankers to renegotiate the terms of its $400m overdraft facility.

EMI
The Business: The world‘s largest independent record company, is being urged by shareholders to break up and create more shareholder value or risk being bought by a foreign conglomerate.

Enron
Sunday Times: A crisis meeting of US and UK accountancy watchdogs has been called in the wake of the collapse of the American energy company.

Entrepreneurs
Sunday Times: Entrepreneurs feel unloved and unwanted, according to an Ernst & Young survey of 500 chief executives and finance directors.

Ford
Sunday Times: The motor group is expected to reveal that its European operations last year returned to the black, reversing an £830m loss in 2000.

Hermes Pension Management
The Business: Hermes is to mount a solo bid for Edinburgh Fund Managers instead of linking with Aberdeen Asset management.

HSBC
Independent on Sunday: The Argentinian crisis could cost the bank as much as $2bn (£1.4bn), and City analysts are slashing forecasts for the UK-listed international bank

Interest rates
Sunday Times: UK rates are unlikely to rise for several months, analysts say, following a downbeat assessment of American economic prospects from Alan Greenspan, chairman of the Federal Reserve.

Invensys
The Observer: Britain's largest engineering company is close to agreeing a £400m sell-off of its industrial valves business.

LAHC
The Business: Corporate raider Hugh Osmond has been in talks that could lead to £500m bid for Life Assurance Holding Corporation.

mm02
The Business: The mobile phone group demerged from BT last year is set to raise the size of its planned bond issue by around £700m to £1.4bn.

Open skies
The Business: The UK and US governments are holding talks this week in a bid to seal an open skies deal and pave the way for BA and American Airlines to forge an alliance.

Qinetiq
Sunday Telegraph: The Government has paid almost £13m to advisers on the part-privatisation of the state-owned defence laboratories, whose sale is unlikely to fetch more than £200m.

Railtrack
The Observer: Swiftrail, the German-owned consortium, is to launch a fresh bid for Railtrack that will offer shareholders hundreds of millions of pounds in compensation and a chance for the Government to buy back the company in three years' time.

Railways
Sunday Times: Transport groups may quit the industry unless urgent action is taken on new franchises and industrial unrest.

Royal Bank
The Business: Royal Bank of Scotland Private Equity is this week expected to enter into talks to buy French casino group Moliflor Loisirs for around £300m.

Simon Group
Sunday Telegraph: The ports and logistics group has launched a strategic review that is expected to lead to bids for the business worth more than £100m.

Smiths
The Business: Aerospace conglomerate Smiths is looking to cut around 1,500 jobs in the UK and the US by the end of this year.

Standard Chartered
The Business: Standard, in partnership with the Government of Singapore Investment Corporation, has emerged as the front runner to buy Indonesia‘s Bank Central Asia.

Vinci
Sunday Telegraph: The French construction and facilities management group has emerged as a bidder for National Car Parks, which is to be sold for an estimated £1bn by US parent Cendant

Wentworth
Sunday Telegraph: David Warren, the Monaco-based entrepreneur, has made an informal offer of £100m for Wentworth, the exclusive Surrey golf club which is home of the World Matchplay Championship.

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