Tube Lines sale to pull Jarvis from the brink
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Jarvis is on the verge of avoiding financial collapse after it agreed to sell its one-third stake in Tube Lines to Amey for Â£146.8m and negotiated a one-year proposed extension to its banking facilities.
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MG Rover, Britain&#39;s last large car maker, is on the brink of a merger with a Chinese motor company. Reports have said the Shanghai Automotive Industry Corporation will get 70 per cent control of Rover in exchange for investing more than Â£1 billion.
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TELECOMS giant BT yesterday said it was parting company with one of the architects of its transformation from a fixed-line operator.
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Jarvis Plc, the UK engineering company whose debt is more than 15 times its market value, said it may be wound up in the New Year unless it secures new financing arrangements.
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JARVIS, the floundering engineering services group, saw its shares surge more than 100 per cent yesterday after opening the door to a potential &quot;white knight&quot; investor or takeover bidder.
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Richard Sutcliffe LEEDS UNITED chairman Gerald Krasner last night closed the door on Sebastien Sainsbury&#39;s planned Â£25m takeover as Elland Road was sold for the second time in less than 20 years.
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The public body which operates the London Underground said Friday it was ready to make an offer for one of the private companies which runs its infrastructure.
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MG Rover is on the brink of a Â£1bn deal with a Chinese company that will help secure the future of its giant Longbridge plant. Under the joint venture with the Shanghai Automotive Corporation, a new company
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Support services group Jarvis is facing a critical month in its battle for survival after warning today it could cease trading without new financing.
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The chief executive of Jarvis, the embattled engineering and construction firm, resigns.
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Jarvis admitted yesterday it was in a race against time to raise enough cash from asset sales to satisfy lenders and keep trading beyond January.
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Business & money: Â· Drinks group signs Â£460m deal with Ketel OneÂ· Dutch vodka expected to cut into top seller's market
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The company's sales fall, pulling down its stock price.
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Business & money: Transport for London to declare interest in acquiring stricken London Underground contracting firm.
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Rank is planning to sever its last link with its celluloid heritage with the sale or demerger of its Deluxe film-making arm. The group yesterday said it would investigate &quot;separating&quot; Deluxe
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A County Antrim haulage company which went bankrupt with the loss of 200 jobs is selling its fleet.
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J&J gets dragged down by restructuring charges.