Feb 07 Edition

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Companies

Nasdaq's bid for London Stock Exchange looks set to fail

Nasdaq's £12.43 a share hostile bid for the London Stock Exchange (LSE) will expire on 10 February. The offer looks likely to fail suggesting shareholders have not been convinced by Nasdaq's arguments. More >>

Serious Fraud Office launches investigation of Torex

The Serious Fraud Office has launched an investigation into Torex Retail, carrying out searches at three residential addresses. 

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BP has big challenges in US as Browne announces departure

Lord Browne is to retire as chief executive (CEO) of oil giant BP at the end of July 2007, over a year before he had said he would leave the company last year.

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Home Depot works to avoid future pay criticism

The US home improvement retailer, Home Depot, was forced to respond after it faced criticism over the $210m severance package for departing chairman and chief executive, Robert Nardelli. More >>

Capitalia's shareholders reinstate chairman

As expected, the shareholders of the Italian bank, Capitalia, last month voted to reinstate its chairman, Cesare Geronzi.

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NETELLER pulls out of US as former directors targeted

In the latest move against the online gambling industry, US authorities arrested Stephen Lawrence and John Lefebvre, two former directors of online money transfer business NETELLER. More >>

Briefs .....

Eurotunnel’s proposed restructuring plan has been approved by the Paris commercial court, bringing the embattled channel tunnel operator’s shareholders one step closer to the creation of a new company – Groupe Eurotunnel - and a share swap. More >>

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