Grid nets bumper Â£5.8bn from sell-off
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National Grid Transco agreed one of the largest cash deals in recent corporate history yesterday with the sale of four of its eight gas distribution networks for Â£5.
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Scottish & Southern Energy (SSE) lowers the price of its gas and electricity for 7.5 million customers.
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ENERGY group National Grid Transco is to give shareholders a Â£2bn windfall after announcing the sale of four of its gas distribution networks today.
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Business & money: Â· Buyout firms blamed for collapse of schemesÂ· Labour donor linked to Â£81m of deficits
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Retailer Bhs, owned by billionaire tycoon Philip Green, has posted a 5.8 percent profit rise for the year to March despite flat same-store sales and raised its dividend to 200 million pounds for the year.
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The cost of a 10-year contract to run computers for Revenue and Customs has doubled to Â£8.5bn, MPs say.
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Buyout rumors bump appliance maker up 4.5%.
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G.E. said it agreed to sell its advanced materials business for about $3.8 billion and use the income to expand its industrial division.
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Sale of Marmon Holdings to Berkshire raises $4.5B now, more later.
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Wireless tower company Crown Castle  International Corp.  on Friday said it will buy smaller  rival Global Signal Inc.  for about $5.8 billion in  cash, stock and debt.
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Nasdaq Stock Market Inc  said on Friday it sold its remaining 5.3 million shares in London Stock Exchange Group Plc  for 18 pounds a share.
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Centrica, the owner of British Gas, reports a 5% fall in operating profits  despite the benefit of higher fuel bills.
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Electrical retailer DSG says it is ready for Christmas trading as it reports a 5% rise in sales over the past six months.
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Annual price inflation of goods leaving UK factories hit 5% - driven by fuel and food costs, official figures show.
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NEW YORK, August 31 (New Ratings) - National Grid Transco Plc (NNG.ETR) has reportedly agreed to sell half its gas distribution networks for about Â£5.
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British waste-collection firm Biffa  has received a counter-approach worth around 1.5 billion pounds ($3 billion) from a fund backed by General Electric , said sources familiar with the matter.
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The amount the NHS spends on medicines will be cut by Â£1.8 billion over the next five years after drugs companies agreed to reduce their prices.