Lowy reveals $1.5bn British bid
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WESTFIELD Group chairman Frank Lowy yesterday unveiled an audacious bid to double the size of his British holdings, in the latest overseas play by Australia&#39;s first family of retail.
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Business & money: Oil giant agrees to withhold Â£1.5m owed to former chief executive while a court case is resolved.
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There had already been an attempt to stabilise the euro at $1.20, he was reported as saying.
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Business & money: Bank working to raise around Â£10bn from the Chinese and Singapore governments.
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Gondola Holdings, the owner of Pizza Express, has received a Â£1bn takeover offer from an unidentified source.
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J Sainsbury, the British supermarket chain, softened its opposition to Qatarâs Â£10.5 billion ($21 billion) takeover bid after Qatar said it would borrow less to pay for the deal.
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THE parliamentary portfolio Committee on Education, Sport and Culture yesterday said the $5,5 trillion allocated to the ministry for the 2005 financial year falls way below the $13 trillion the ministry had asked for, the chairman of the committee Mr
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Deutsche Boerse has made a Â£1.3 billion ($2.49 billion) approach for the London Stock Exchange, and the LSE&#39;s rejection of it on Monday left observers doubting a much better offer would emerge.
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British Airways Plc, Europe&#39;s second- largest airline, raised about A$1.1 billion ($770 million) from the sale of shares in Qantas Airways Ltd.
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Sydney - Global resources giant BHP Billiton on Tuesday announced a share buy-back of A$1 billion to A$1.5 billion (R4.65 billion to R6.
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The London Stock Exchange (LSE) confirms it is buying its Italian equivalent, Milan's Borsa Italiana, for more than 1.5bn euros.
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Shareholders in Australian equipment  hire firm Coates Hire Ltd  voted on Monday to approve a  A$1.7 billion ($1.5 billion) private equity-backed offer from  rival National Hire Group Ltd .
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Gallaher Group, the maker of the Benson & Hedges brand in Europe, said it had received an offer of Â£7.5 billion ($14.7 billion).
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Shareholders in Australian equipment hire firm Coates Hire Ltd  voted on Monday to approve a A$1.7 billion ($1.5 billion) private equity-backed offer from rival National Hire Group Ltd .
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The Airbus A380 superjumbo project is running 1.45bn euros (Â£1bn; $1.9bn) over budget, the firm's majority owner EADS admits.
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Deutsche Boerse is ready to make a revised offer for the London Stock Exchange (LSE) that would value it at 1.5 billion pounds (2.12 billion euros, 2.88 billion dollars), the Observer newspaper reported.
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Prudential is to tap investors for one billion pounds through a share issue, saying it needs the cash to fund its UK growth plans.