AA 'planning' Â£3bn sale or float
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Owners of the AA, Britain's largest motoring group, plan to either sell or float it on the stock market, a report suggests.
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Irish airline Aer Lingus is to be partly privatised next month, in a flotation expected to raise about Â£270m.
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Business & money: 9.30am: Shares in the bank jumped almost 3% after recommendation.
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Shares in Australian flag carrier Qantas have jumped more than four percent amid expectations a takeover consortium is finally ready to formally table a multi-billion dollar offer for the airline.
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The Royal Dutch/Shell Group said yesterday that it would sell as much as $12 billion in assets, spend $45 billion on new projects and consider some acquisitions as it tries to bolster oil and gas production.
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Virgin Atlantic is considering buying 10 longhaul aircraft worth about $3 billion to enter service around 2012.
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British Airways intends to sell its A$1.12 billion (435.3 million pounds) stake in Qantas Airways in the next 48 hours, just weeks after the Australian government ruled out scrapping a foreign ownership restriction.
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Business & money: Â· Group in talks with banks as deadline loomsÂ· Only increased offer will win over Rio Tinto board
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Qantas confirmed Wednesday that British Airways plans to sell its 18.25 percent stake in Australia&#39;s flag-carrier over the next two days.
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Gerald Ratner is set to table an improved bid of Â£350m for the UK operations of jewllery company Signet.
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Business & money: Â· Scant detail 'designed to antagonise', says analystÂ· Debt suspected to have soared to Â£300m
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Business & money: Â· Offer for England football kit supplier backed by FA Â· Bid could be blocked by JJB and Sports Direct
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BRITISH Airways today announced plans to sell its Â£425 million stake in Australiaâs Qantas Airways to cut debt and take advantage of consolidation in Europe.
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A preferred buyer for the National Irish and Northern banks is expected to be announced by their parent this morning. National Australia Bank is due to make an announcement to the stock exchanges in Melbourne and London.
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londonâBritish Airways Plc, Europe&#39;s second-biggest airline, will sell its 18 per cent stake in Qantas Airways Ltd. worth Â£427 million or about $980 million (Canadian) to cut debt ahead of possible acquisitions in Europe.
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Company to unveil plans for generating revenue from its third-party on-demand applications marketplace AppExchange.
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Barclays, the third-biggest British bank, said that talks to buy a majority stake in South African banking group Absa were progressing well, and forecast an 18-percent rise in annual profits.