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Buildings materials group James Hardie Industries Ltd is expected to report on Friday a net profit before abnormals of between A$23 million and A$30 million for the six months ended September 30, 1996.
James Hardie reported a pre-abnormal net profit of A$31.4 million in the 1994/95 first half. In October, it said the d... | 23 |
The Australian Stock Exchange's transport sector is likely to see more modest gains over the next year after a sharp rise over the past year, analysts said.
The transport index has risen about 30 percent during 1996, while the broader market has increased six percent this year.
"Brambles and Mayne's have had an extraor... | 23 |
The Australian Stock Exchange's transport sector is likely to see more modest gains over the next year after a sharp rise over the past year, analysts said.
The transport index has risen about 30 percent during 1996, while the broader market has increased six percent this year.
"Brambles and Mayne's have had a extraord... | 23 |
Standard Chartered Plc group chief executive Malcolm Williamson said on Thursday he expected the British-based bank to form more strategic alliances in Asia with U.S. and European banks.
In 1996, Standard formed joint ventures in Asia with Westpac Banking Corp, First Chicago NBD Corp and Massachusetts-based Fleet Finan... | 23 |
Sydney Harbour Casino Holdings Ltd said on Wednesday it wanted to grab a slice of the lucrative Asian high-roller market but first had to win a tax break from the state government.
The company holds a 12-year licence to operate the only legal casino in Australia's largest city but has battled with the New South Wales (... | 23 |
Westpac Banking Corp said on Wednesday it expected rapid revenue growth from the alliance it had formed with Standard Chartered Bank Plc for banking services in Asia.
"We expect it to be a fairly rapidly growing revenue stream," said David Morgan, group executive of Westpac's Institutional and International Banking Gro... | 23 |
St George Bank Ltd announced on Monday an agreed A$2.65 billion merger with Advance Bank Australia Ltd - its fifth merger attempt in the past two years.
The merger of the two Sydney-based regional banks would create Australia's fifth largest bank, with assets of A$40 billion and a market capitalisation of A$4.5 billion... | 23 |
The Australian Gas Light Co (AGL) was interested in looking at the Australian assets of Tenneco Inc if the assets were put up for sale, managing director Len Bleasel said on Tuesday.
Tenneco has announced a restructure that includes a proposed merger of its energy arm with El Paso Energy Corp
"But we haven't got a deal... | 23 |
Australian mineral sands and base metals miner RGC Ltd reported on Thursday that it had doubled annual operating profit for the 1995/96 year, thanks largely to a boom in demand for aircraft and golf clubs.
RGC, 40 percent owned by British conglomerate Hanson Plc, reported a 101 percent rise in operating profit to A$108... | 23 |
Australia's second largest telephone carrier Optus Communications rang up its first annual profit on Wednesday and is on track for its sharemarket float by the end of the year.
Optus, established at the start of 1992 to compete with Australia's main telephone carrier, state-owned Telstra Corp, reported a pre-tax profit... | 23 |
U.S.-owned express freight carrier United Parcel Service (UPS) could start flying its own planes to Australia if growth in the Australian market continued at the current rate, a senior company official said on Friday.
UPS, which started serving Australia in 1991, currently uses commercial airlines to carry packages in ... | 23 |
Sydney Harbour Casino Holdings Ltd chief executive officer Neil Gamble said on Tuesday he was still hopeful the casino would receive tax concessions on earnings from big-betting foreign gamblers, despite previous knock-backs.
The casino operator, which holds a 12-year monopoly to operate the only legal casino in Austra... | 23 |
Australia's information technology and telecommunication industry (IT&T) on Tuesday welcomed a decision by Asia-Pacific leaders that would lead to a substantial reduction in tariffs.
"It is certainly welcome, as the telecommunications area has some very strong barriers in many markets," said Fleur Bayley, export ma... | 23 |
The aggressive cost cutting programmes planned by Australia's two major airlines Qantas Airways Ltd and Ansett Airlines Ltd can be achieved without affecting services, analysts said.
Both Qantas and Ansett face pressure on profits because of the stronger Australia dollar, higher fuel prices, a soft domestic market and ... | 23 |
Canadian gold giant Placer Dome Inc on Tuesday agreed to a deal with Papua New Guinean (PNG) miner Highlands Gold Ltd that gives Placer control of the giant PNG Porgera gold mine and ends a bitter feud between the two miners.
The deal also keeps the Highlands group as a listed company free to develop base metal and gol... | 23 |
Australian oil and gas companies are being snapped up by foreign companies with an eye for undervalued stocks, but analysts said the sector faces a bright future with higher oil prices and a deregulated gas market.
During 1996, there has been about A$2.5 billion worth of takeovers announced in Australia's shrinking oil... | 23 |
Media mogul Rupert Murdoch said on Tuesday he intended to use sports broadcasting rights as a "battering ram" for dominance of pay television markets in Asia and throughout the world.
He said the purchase of those rights would also buy his way into the world's sporting establishment.
"Sport absolutely overpowers film a... | 23 |
The international partners in Australia's largest gas project said on Thursday they plan to spend A$6.0 billion to double production, making it Australia's largest single resources investment.
Australian oil and gas producer Woodside Petroleum Ltd said the partners in the North West Shelf gas project offshore Western A... | 23 |
Building materials, aluminium and sugar group CSR Ltd is expected to report on Monday a net profit before abnormals of between A$146 million and A$160 million for the six months to September 30, analysts said on Friday.
On October 14, CSR said that its 1996/97 first half profit was likely to be 20 percent lower, with t... | 23 |
Australia's largest listed aluminium producer Comalco Ltd reported on Monday a 72 percent slide in net profit for the first half of 1996, due to a weaker metal price and a stronger Australian dollar.
The lower than expected result saw metal analysts trim back their 1996 full-year profit estimates for Comalco, while inv... | 23 |
Westpac Banking Group, the second largest bank in Australia, announced plans on Wednesday to expand its Asian activities through an alliance with British-based Standard Chartered Bank Plc.
The move signals Westpac is ready to expand in the region again after putting most of its Asian activities up for sale 3-1/2 years ... | 23 |
Australian oil and gas companies are being snapped up by foreign companies with an eye for undervalued stocks, but analysts say the sector faces a bright future with higher oil prices and a deregulated gas market.
During 1996, there has been about A$2.5 billion (US$1.98 billion) worth of takeovers announced in Australi... | 23 |
Sydney Harbour Casino Holdings Ltd, which has posted a string of disappointing results since it listed in June 1995, was too optimistic in its prospectus, chief executive officer Neil Gamble said on Tuesday.
"I think the prospectus forecast was too bullish," Gamble told Reuters in an interview. "I don't think that was ... | 23 |
Canadian gold giant Placer Dome Inc on Tuesday agreed to a deal with Papua New Guinean (PNG) miner Highlands Gold Ltd that gives Placer control of the vast PNG Porgera gold mine and ends a bitter feud between the two miners.
The deal also keeps the Highlands group as a listed company free to develop base metal and gold... | 23 |
Australia's biggest gambler Kerry Packer, a patron of Las Vegas casinos, on Monday raised his stakes in the local burgeoning casino industry with the acquisition of management control at Sydney Harbour Casino.
Packer's media group Publishing and Broadcasting Ltd said it would spend A$340 million on a 10 percent stake i... | 23 |
Rupert Murdoch, the Australian-born mogul who turned his father's newspaper business into a global media empire, is publicly grooming the next generation to succeed him.
But the 65-year-old who has transformed the industry worldwide still has a few more ambitions to achieve before he passes on the baton to his heirs an... | 23 |
British Airways Plc (BA) said on Tuesday that it had no plans for new alliances over the next few years, but would extend its global reach by franchising its popular brand name to smaller airlines.
British Airways has an alliance with Australian carrier Qantas Airways Ltd and formed an alliance with American Airlines i... | 23 |
Australian government-owned airport operator Federal Airports Corp (FAC) sees some life after the planned privatisation of its 22 airports, chief executive officer Barry Murphy said.
"We will eventually go out of existence if all 22 airports that we currently own and operate are eventually disposed of to other owners,"... | 23 |
Australian oil and gas companies are being snapped up by foreign companies with an eye for undervalued stocks, but analysts say the sector faces a bright future with higher oil prices and a deregulated gas market.
During 1996, there has been about A$2.5 billion (US$1.98 billion) worth of takeovers announced in Australi... | 23 |
The growth of the Internet has created the biggest creative explosion in the history of the computing world, said Sun Microsystems Inc chairman Scott McNealy on Friday.
"It is only been since we unleashed the Internet that you have suddenly seen this unleashing of technology and innovation and research and a transforma... | 23 |
Canadian gold giant Placer Dome Inc's takeover bids for its Australian offshoot Placer Pacific Ltd and Papua New Guinea gold miner Highlands Gold Ltd are likely to be successful, analysts said on Thursday. A takeover of the two miners would give Placer Dome control of the big Porgera gold mine in Papua New Guinea (PNG)... | 23 |
Investment bank Macquarie Bank Ltd reported on Monday a record result for the six months ended September 30, and started the second half optimistically.
Macquarie Bank, which is 13.4 percent owned by the Brunei Investment Agency (BIA), reported a 21.3 percent rise in first half net profit to A$46.03 million in the firs... | 23 |
Australian fast ferry and transport group Holyman Ltd plans to further expand operations in Europe before moving into the Asian market, managing director Christopher Butcher said in an interview.
"We currently have operations in North America and northern Europe and we can't see any reason why we can't start doing the ... | 23 |
Rupert Murdoch's global media group, The News Corp Ltd, on Tuesday reported an 8.1-percent fall in net profit for the first quarter of 1996/97, in stark contrast to market expectations of a healthy rise.
But analysts said Murdoch's forecast last month at News Corp's annual meeting that the group would achieve a profit ... | 23 |
Building products and energy group Boral Ltd said on Monday it had started the 1996/97 year poorly due to continued weakness in the Australian housing market, but it was still coy about the results for the full year.
Chairman Peter Cottrell told shareholders at the annual meeting that Boral's operating profit in the fi... | 23 |
The recent surge in the Australian dollar and higher jet fuel prices are going to hurt exporters of fresh food in particular, according to Australian Federation of International Forwarders (AFIF) chief executive Brian Lovell.
"With the rise in the fuel price and the higher Australian dollar it is going to affect a lot ... | 23 |
Australian government plans to toughen the rules for the rollout of optic fibre cable could make Optus Communications' cable rollout plans uneconomic, said Optus chief executive officer Zygmunt Switkowski.
"We looked at the technology and the economics of underground cabling and we can't make the business case work for... | 23 |
Australian airlines and tourist operators are worried about Australia's falling share of the growing number of Japanese taking overseas holidays, so much so that they have formed an action plan to halt the decline.
However, details of the action plan are secretly guided by the carriers, Qantas Airways Ltd and Ansett Ai... | 23 |
Australian fast ferry and transport group Holyman Ltd plans to further expand operations in Europe before moving into the Asian market, managing director Christopher Butcher said in an interview.
"We currently have operations in North America and northern Europe and we can't see any reason why we can't start doing the ... | 23 |
The international partners in Australia's largest gas project said on Thursday they plan to spend A$6.0 billion (US$4.7 billion) to double production, making it Australia's largest single resources investment.
Australian oil and gas producer Woodside Petroleum Ltd said the partners in the North-West Shelf gas project o... | 23 |
Corporate Australia is likely to continue its thirst for takeovers in 1997 with banks, media and resources tipped to feature prominently.
Brokers estimate there were about A$8.5 billion ($6.8 billion) worth of takeovers and share buy-backs in 1996, up from A$5.9 billion in 1995 and A$2.0 billion in 1994. Takeovers and ... | 23 |
Canadian gold mining giant Placer Dome Inc on Thursday announced plans to expand its presence in the Asia-Pacific region through takeover offers worth a total of US$600 million for two Australian-listed gold miners.
Placer Dome launched takeover offers for Papua New Guinea (PNG) miner Highlands Gold Ltd and a mop-up of... | 23 |
Australian regional banks St George Bank Ltd and Advance Bank Australia Ltd on Monday unveiled a merger plan to create the nation's fifth largest bank with a market value of A$4.5 billion (US$3.55 billion).
"We have that golden opportunity, we are not going to miss it," St George Bank managing director Jim Sweeney told... | 23 |
The aggressive cost cutting programmes planned by Australia's two major airlines Qantas Airways Ltd and Ansett Airlines Ltd can be achieved without affecting services, analysts said.
Both Qantas and Ansett face pressure on profits because of the stronger Australia dollar, higher fuel prices, a soft domestic market and ... | 23 |
Building materials group James Hardie Industries Ltd reported on Friday a first half net profit in line with expectations, but comments on the second half by the group is likely to see full year earnings forecasts trimmed.
James Hardie, 27.23 owned by New Zealand's Brierley Investments Ltd, reported a 12.1 percent fall... | 23 |
Canadian media baron Conrad Black said on Wednesday he wanted to increase his stake in Australia's oldest newspaper group, John Fairfax Holdings Ltd, to 50 percent from 25, a day after meeting the prime minister.
However, Black repeated that he would sell out of Fairfax if there was no easing in Australia's current med... | 23 |
Rupert Murdoch's global media group, The News Corp Ltd, on Tuesday reported an 8.1 percent fall in net profit for the first quarter of 1996/97, in stark contrast to analysts' forecasts of a healthy rise.
But analysts said Murdoch's forecast last month at News Corp's annual meeting that the group would achieve a profit ... | 23 |
Australia's second largest bank Westpac Banking Group renewed its interest in Asia on Wednesday through an alliance with British-based Standard Chartered Bank, 3-1/2 years after its sold a swag of its Asian units.
The move signals Westpac is ready to expand in Asia again after largely withdrawing from the region to foc... | 23 |
Corporate Australia is likely to continue its thirst for takeovers in 1997 with banks, media and resources tipped to feature prominently.
Brokers estimate there were about A$8.5 billion ($6.8 billion) worth of takeovers and share buy-backs in 1996, up from A$5.9 billion in 1995 and A$2.0 billion in 1994. Takeovers and ... | 23 |
The News Corp Ltd is expected to meet the 20 percent rise in net profit before abnormals for the year to June 30, 1997, predicted by its chairman Rupert Murdoch last month, Australian media analysts said on Tuesday.
"They should do it easily," one Melbourne-based analyst told Reuters after taking part in an analysts' c... | 23 |
British Telecom unveiled the largest transatlantic deal in history on Sunday, linking up with America's MCI Corp in a $20 billion merger that catapults it into second place in the world's international telecoms market.
The deal with MCI -- the number two U.S. long-distance phone company after U.S. telecoms giant AT &am... | 24 |
British Telecommunications (BT) on Friday played down top level talks with Japanese telecoms giant Nippon Telegraph and Telephone Corp but analysts refused to rule out that the companies were hatching a deal.
Since the talks were announced on Thursday, speculation has swept the market that BT, which along with its Amer... | 24 |
LONDON - Shares in British Telecommunications (BT) surged on both sides of the Atlantic on Monday as traders furiously dealt the stock higher in the wake of a $20 billion mega-merger with America's second biggest carrier, MCI Communications.
Analysts said the deal with MCI, which turns the BT/MCI combine into the world... | 24 |
British telecommunications company Energis said on Friday that its parent, the National Grid electricity transmission network, might sell a majority stake in the company to one or more strategic investors this summer.
The group, which supplies telecoms services to about 14,000 business customers via the Grid's high vol... | 24 |
Twelve years as a privatised business have left British Telecommunications Plc (BT) leaner and more efficient, with its staff halved -- but with few growth prospects in one of the world's most competitive markets.
Persistent wrangles with industry regulator Don Cruickshank over uncompetitive practices have helped depre... | 24 |
Telefonica de Espana, the leading telephone group in the Spanish speaking world, on Friday dismissed concerns that new rivals would force its prices and profits down and said it saw robust growth.
"The wind is behind us. The growth is there," Juan Villalonga Navarro, Telefonica's new chairman and chief executive, told ... | 24 |
Orange Plc said on Monday its customers will be able to use their mobile phones to chat, transfer data and send faxes in Germany, France, Switzerland, Malaysia, Thailand and Singapore by the end of 1997.
Announcing a roaming agreement with Swiss state-owned telecoms monopoly Swiss PTT, Orange Group technical and operat... | 24 |
Analysts said on Monday they were expecting UK electronic business information company M.A.I.D Plc to launch new screen-based products that would rival services offered by real-time financial news services.
M.A.I.D declined to comment on a newspaper report that it was working on new online products that would undercut ... | 24 |
Britain's Airtours proved on Wednesday that package holidays is a sunny business by beating forecasts with record profits and looking to spend up to 250 million pounds ($413 million) on further acquisitions.
Pretax profits in the year to the end of September soared 46.1 percent to 86.8 million pounds, topping even the ... | 24 |
The top executives of U.S. utility Dominion Resources were locked in their first bid talks with British power supplier East Midlands Electricity on Tuesday to try and hammer out a takeover price.
A source close to the British regional electricity supplier said a meeting between Dominion's chairman, chief finance office... | 24 |
Schroders Plc, one of the great British merchant banks, on Friday delivered record half-year profits along with a warning that conditions for its businesses may become more uncertain.
"Although the second half has started reasonably well, it will not be easy to match two successive record half years," the the bank said... | 24 |
British Telecom (BT) made corporate history on Sunday by unveiling a $20 billion merger with America's MCI Communications in a coup that ensures it a leading position in the world's biggest telecoms market.
The giant merger with MCI, in which BT already has a 20 percent stake, is to be called Concert Plc and marks a vi... | 24 |
British Telecom (BT) made corporate history on Sunday by unveiling a $20 billion merger with America's MCI Communications in a coup that ensures it a leading position in the world's biggest telecoms market.
The giant merger with MCI, in which BT already has a 20 percent stake, is to be called Concert Plc and marks a vi... | 24 |
Human rights activists and the computer industry joined in a rare show of cooperation on Thursday, urging more effective policing of pornography and violence in the anarchic "virtual wild west" of the Internet.
Stories proliferate about pornography, sexual violence
against women and children, bomb-making recipes,... | 24 |
Vodafone Group, Britain's biggest mobile phones firm, posted a sharp 21 percent rise in first half profits on Tuesday and insisted that the mobile market was likely to maintain a robust 20-25 percent growth rate next year.
Vodafone also announced it was buying The People's Phone Company, its biggest high-street retaile... | 24 |
Angry British businesses expressed dismay on Tuesday after news of another overhaul of telephone prefixes in what is promised to be the final phase of a search for "future proof" phone numbers.
Telecommunications watchdog Oftel announced plans to create billions of new numbers, although Britain has barely recovered fro... | 24 |
Shareholders in Anglo-American conglomerate Hanson overwhelmingly approved the group's final plank of its ambitious four-way demerger on Friday, clearing the way for its Energy Group division to be spun off on Monday.
About 98 percent of shareholders voted for the motion, ending an era of wheeler-dealing that created B... | 24 |
As Japanese telecoms titan NTT mulls an investment with British Telecommunications (BT) in France, analysts said on Thursday any such deal would be a major coup for Britain's dominant telecoms operator.
One investment banker told Reuters that Nippon Telegraph and Telephone, the world's biggest telecoms company, had app... | 24 |
British Telecommications beat even the most optimistic analyst forecasts on Thursday with robust second quarter and first half profits and insisted it was growing despite ever stiffer competition.
BT, which plans to merge with America's MCI to create Concert, one of the world's biggest telecoms groups, said profits bef... | 24 |
Shares in Cable and Wireless, Britain's second biggest telecoms group, lost more ground on Tuesday as analysts said the $20 billion creation of Anglo-U.S. Concert Plc had thrown the group its biggest challenge to date.
Uninspiring results from Cable and Wireless' (C&W) lucrative Hong Kong subsidiary, Hong Kong Tele... | 24 |
British Telecommunications (BT) and its American partner MCI will "move heaven and earth" to link up with Japan's restructured telecoms giant Nippon Telegraph and Telephone (NTT), analysts said on Friday.
BT welcomed news that the Japanese government had decided to split NTT into three parts under one holding company a... | 24 |
A battle to revolutionise British television with more channels, high-quality pictures and CD-quality sound began Friday when two new TV groups applied to run Britain's key digital terrestrial television services.
Leading heavyweights BSkyB, Carlton Communications and Granada Group are teaming up to create a formidable... | 24 |
British Telecom unveiled the largest merger in Britain's corporate history on Sunday, linking up with MCI Communications, the number two U.S. long-distance phone company, to create a $54 billion group.
Six months after alliance talks failed with BT's British rival Cable and Wireless, BT announced that its deal with MCI... | 24 |
British Telecom Sunday formally announced its agreement to acquire the rest of U.S. long distance phone company MCI Communications, creating a worldwide telecommunications powerhouse.
The merged company, to be called Concert Plc, creates the world's second-largest telecommunications group, behind Japan's NTT, and prese... | 24 |
British Telecommunications Plc (BT) might give some ground to U.S. rival AT & T Corp in a quest to win regulatory approval for its $20 billion merger with U.S. carrier MCI Communications Corp, a source familiar with negotiations said on Wednesday.
The proposed merger, the biggest transatlantic deal in history, is b... | 24 |
Angry British businesses expressed dismay on Tuesday after news of another overhaul of telephone prefixes in what is promised to be the final phase of a search for "future proof" phone numbers.
Telecommunications watchdog Oftel announced plans to create billions of new numbers, although Britain has barely recovered fro... | 24 |
Institutional investors in British utility Northern Electric said on Friday they were likely to sell up if told to do so by the company, despite their objections to the price offered in U.S. group CE Electric's winning bid.
Northern Electric, which operates in northeast England, was poised to announce whether it would ... | 24 |
Virginia-based Dominion Resources executives Tuesday began merger talks with British utility East Midlands Electricity in an effort to agree on a takeover price.
Dominion's chairman, chief finance officer and attorneys began meeting in London with East Midlands Chairman Nigel Rudd, Chief Executive Norman Askew and thei... | 24 |
Shareholders in Anglo-American conglomerate Hanson Plc Friday overwhelmingly approved the final part of the group's ambitious four-way split-up.
The approval clears the way for its Energy Group division to be spun off on Monday. About 98 percent of shareholders voted for the plan.
The vote ended an era that saw Hanson,... | 24 |
Misys, Britain's fast-growing, 950 million pound software supply giant, said on Wednesday it was looking at four or five international acquisition targets worth up to $30 million each.
Chairman Kevin Lomax told Reuters that Misys, which has snapped up software trading firms in South East Asia, Ireland, the U.S. and Eur... | 24 |
Intel Corp launched its new Pentium chip with multimedia extension (MMX) technology on Wednesday, promising TV-quality video, stereo surround sound and three-dimensional graphics for personal computers.
The world's largest computer chip maker, Intel has collaborated with more than 100 software developers, some of which... | 24 |
Misys, Britain's fast-growing, 950 million pound ($1.5 billion) software supplier, posted record half-year results on Wednesday and said it was eyeing up to five international acquisition targets worth up to $30 million each.
Chairman Kevin Lomax told Reuters that Misys, which has snapped up software trading firms in S... | 24 |
The UK telecoms market is one of the world's most competitive and any attempt to block a planned $20 billion merger between British Telecom and U.S. firm MCI on grounds of restricted trade will fail, analysts said on Monday.
The merger partly hinges on how open the UK market is deemed to be because U.S. rules bar forei... | 24 |
Scotland-based hotels and casinos group Stakis on Thursday said it will buy Lonrho Plc's five Metropole hotels, funding the 327 million pound ($530 million) deal with a huge cash call on shareholders.
Stakis, which operates 46 British hotels and 22 casinos -- and whose current market value is only about 472 million pou... | 24 |
The UK telecoms market is one of the world's most competitive and any attempt to block a planned $20 billion merger between British Telecom and U.S. firm MCI on grounds of restricted trade will fail, analysts said.
The merger partly hinges on how open the UK market is deemed to be because U.S. rules bar foreign groups ... | 24 |
British Telecommunications Plc is likely to brush off Japanese telecom giant Nippon Telegraph and Telephone Corp's statement that it hopes to move into the global market independently, analysts said on Thursday.
BT, along with most of its global telecoms rivals, has long sought to link up with NTT and gain a foothold i... | 24 |
British companies tipped as possible targets for a windfall tax under a Labour Government are unconvinced by the opposition party's promise not to discriminate unfairly between "utilities".
Labour, which is far ahead of Prime Minister John Major's Conservative Party in opinion polls, has said only that it plans to tax ... | 24 |
British households are likely to pay less for water and get a better service from cash-rich privatised utility companies in the next decade, the industry regulator promised consumers on Wednesday.
Water watchdog Ian Byatt told privatised water companies -- whose bills and fat executive wages have fuelled vitriolic crit... | 24 |
U.S./Canadian mobile satellite communications group Odyssey Telecommunications is near securing $600-$800 million of the $3.2 billion it needs to launch 12 satellites into orbit from 2001, an industry source said.
The group -- the joint project of U.S. aerospace giant TRW Inc and Canada's telecoms firm Teleglobe Inc --... | 24 |
A war of words between Northern Ireland Electricity (NIE) and its watchdog broke out on Friday after the company rejected stringent price cut proposals and asked for a Monopolies and Mergers Commission (MMC) referral.
Charles Coulthard, Northern Irish deputy director general for electricity supply, accused NIE of tryin... | 24 |
British Telecom unveiled the largest transatlantic deal in history on Sunday, linking up with America's MCI Corp in a $20 billion merger that catapults it into second place in the world's international telecoms market.
The deal with MCI -- the number two U.S. long-distance phone company after U.S. telecoms giant AT&... | 24 |
British Telecommunications' shares, which surged on Monday after weekend confirmation that the telecoms giant had merged with MCI of the U.S., should be valued at around four pounds each, analysts said on Monday.
News of the biggest trans-Atlantic deal in history, linking Britain's dominant telecoms company with Americ... | 24 |
Cable & Wireless (C&W) on Friday brushed aside speculation that its landmark merger with three companies had run into hurdles and said it had got the man it wanted to run what will be Britain's biggest cable firm.
In a long-awaited statememt, C&W said it would appoint Graham Wallace as chief executive of Ca... | 24 |
British Telecommunications admitted on Thursday to not sharing the same culture as its merger partner MCI Communications, America's second largest international carrier.
But after reporting robust third quarter profits, helped by "healthy" demand for its products and services, BT's chief executive Sir Peter Bonfield to... | 24 |
After 11 days of number crunching, telecoms analysts remain split over the financial merits of British Telecommunications's (BT) $20 billion proposed merger with America's MCI Communications.
Some insist the deal is at best neutral, with synergy benefits just about offsetting the 30 percent premium BT paid.
BT, which p... | 24 |
Sema Group, the fast-growing Anglo-French information technology group, said on Friday it was banking on growth from its telecoms and business systems operations in 1997.
But director of communications Marie-Claude Bessis told Reuters that although the group was seeking to expand into Germany and the U.S., Sema plans t... | 24 |
British Telecommuncations Plc, the telecoms giant, beat even the most optimistic analyst forecasts on Thursday with robust second quarter and first half profits and insisted it was growing despite ever stiffer competition.
BT, which plans to merge with America's MCI to create one of the world's biggest telecoms groups,... | 24 |
Scotish-based hotels and casinos group Stakis Plc launched a huge cash call to fund a 327 million pound ($530 million) acquisition of British conglomerate Lonrho's five Metropole hotels announced on Thursday.
Stakis, which has about 46 British hotels and whose current market value is only about 472 million pounds, said... | 24 |
Britain on Thursday opened its doors to 44 new international telephone operators, saying it would create a fully open long-distance telecommunications market 12 months ahead of the rest of Europe.
U.S. telecoms giant AT&T, Channel Tunnel operator Eurotunnel and the Global One alliance between Deutsche Telekom, Fran... | 24 |
British telecommunications company Energis said on Friday that its parent, the National Grid electricity transmission network, might sell a majority stake in the company to one or more strategic investors.
Energis, which supplies telecoms services to 13,000-14,000 business customers via the Grid's high voltage electric... | 24 |
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