Tag: offer

BA strike: Union members consider offer

BA strike: Union members consider offer

The long-running dispute between the Unite union and British Airways (BA) could come to an end following talks to avert further industrial action. Union members are understood to be meeting later today which could lead to an offer. Cabin crew have been involved in a bitter dispute with the airline since November 2009 over cost-cutting [...]

China pledges to help euro zone

China pledges to help euro zone

China has said it is prepared to support the euro zone, a spokesperson for the Chinese Foreign said today. Foreign ministry spokeswoman Jiang Yu said: “We are ready to support the euro zone to overcome the financial crisis and realise economic recovery” and suggested the country will buy more euros in the future. China has [...]

French firm may increase offer for De La Rue

French firm may increase offer for De La Rue

It has been confirmed today that De La Rue, the banknote printer, has received a £750 million takeover offer from French company, Oberthur Technologies. De La Rue, which also prints passports for the Home Office, said the offer was “highly preliminary and opportunistic”. Speculation of an offer led to De La Rue’s shares soaring almost [...]

Further strikes looming as BA cabin crew reject latest offer

Further strikes looming as BA cabin crew reject latest offer

There are fresh concerns for more strikes at British Airways (BA) after cabin crew yet again rejected the airline’s offer to end their bitter row over cost-cutting measures. However, there was a low turnout for ballot, which “encouraged” the airline with less than half of the 11,000 members balloted by the Unite union casting a [...]

BA makes new offer to cabin crew to prevent further strike action

BA makes new offer to cabin crew to prevent further strike action

The Unite union last week announced plans to ballot its 12,000 cabin crew members on Tuesday, however, it will now be postponed following an offer from British Airways (BA). So far, cabin crews have held 22 days of strikes after being involved in a long-running dispute with the airline over cost-cutting measures, which include a [...]

Further strikes possible at BA as cabin crew reject offer

Further strikes possible at BA as cabin crew reject offer

The Unite union has said more strikes are possible at British Airways after it “strongly recommended” cabin crew members to reject the latest offer from the airline in a ballot. The offer from BA was aimed at ending a long-running dispute over cost-cutting measures, which include a pay freeze and a switch to part-time working [...]

Cadbury shares up as Kraft deadline looms

Cadbury shares up as Kraft deadline looms

British confectioner Cadbury, renowned for Dairy Milk chocolate, is awaiting the next move from US food giant, Kraft. Kraft, which is renowned for brands such as Kenco coffee and Oreo biscuits, approached Cadbury in September with an informal £10.2 billion takeover offer, which Cadbury rejected. In November, Kraft made a second bid of £9.8 billion, [...]

Cadbury attacks Kraft after it unveils ‘outstanding’ 2009

Cadbury attacks Kraft after it unveils ‘outstanding’ 2009

British confectioner Cadbury, renowned for Dairy Milk chocolate, urged shareholders today not to let Kraft “steal your company with its derisory offer“. Cadbury chairman, Roger Carr, delivered the statement after it said it had enjoyed an “outstanding” performance in 2009, which exceeded market expectations. It said underlying revenues were up 5% in 2009, with a [...]

Kraft increases offer for Cadbury as Nestlé withdraws bid

Kraft increases offer for Cadbury as Nestlé withdraws bid

Swiss food giant Nestlé has declared itself out of the running for British confectioner Cadbury. Late last year, Nestlé was reported to be the latest company to make an offer for Cadbury after US food giant, Kraft, which is renowned for brands such as Kenco coffee and Oreo biscuits, approached Cadbury in September with an [...]

Cadbury turns down Kraft hostile bid

Cadbury turns down Kraft hostile bid

The board of British confectioner Cadbury has swiftly rejected the £9.8 billion ($16.4 billion) hostile bid from US food giant Kraft. The offer, which was put directly to Cadbury’s shareholders, was described by chairman Roger Carr as “derisory”. Kraft said it would offer 300p in cash and 0.2589 new Kraft shares for each Cadbury share, [...]

Kraft deadline looms as Cadbury awaits next move

Kraft deadline looms as Cadbury awaits next move

Two months ago, US food giant Kraft, which is renowned for brands such as Kenco coffee and Oreo biscuits, approached Cadbury with an informal £10.2 billion takeover offer, which the UK confectioner later rejected. Roger Carr, chairman of Cadbury, described its US rival’s £10.2 billion takeover offer as an “unappealing” and “unattractive prospect”. However, under [...]

National Express issues profit warning and announces £350m rights issue

National Express issues profit warning and announces £350m rights issue

Bus and train operator National Express has today issued a profit warning and is to proceed with a £350 million rights issue within weeks to strengthen its balance sheet as it struggles under a mountain of debt totalling almost £1 billion. Analysts say the rights issue will be completed before Christmas. Meanwhile, the company said [...]

Cadbury sees strong third quarter

Cadbury sees strong third quarter

The maker of Dairy Milk chocolate, Cadbury, has exceeded analysts expectations in the third quarter after reporting a 7% rise compared with the same period a year ago. Analysts had been expected growth of around 4% and the news sent shares up 0.9% to 808p in the British confectionery giant. Cadbury chief executive, Todd Stitzer, [...]

Stagecoach makes fresh offer for National Express

Stagecoach makes fresh offer for National Express

Stagecoach has approached rival National Express with a £1.7 billion offer after a Spanish-led consortium withdrew its £765 million offer last week for the rail and bus group. Stagecoach, the operator of South West Trains and East Midlands Trains, has made a new all-share offer for its rival, following the withdrawal of the Spanish-led consortium, [...]

Cadbury describes Kraft bid as ‘unappealing’

Cadbury describes Kraft bid as ‘unappealing’

Roger Carr, chairman of British confectionery giant Cadbury, described its US rival’s £10.2 billion takeover offer as an “unappealing” and “unattractive prospect”. Last week, US food giant Kraft, which is renowned for brands such as Kenco coffee, Oreo biscuits, Terry’s Chocolate Orange and Toblerone, approached Cadbury with the unsolicited offer, which the maker of Dairy [...]

Cadbury rejects £10bn approach from Kraft

Cadbury rejects £10bn approach from Kraft

British confectionery giant Cadbury has turned down a £10.2 billion takeover offer from Kraft, the US food giant. Kraft, which is renowned for brands such as Kenco coffee, Oreo biscuits, Terry’s Chocolate Orange, Toblerone and cheese products such as Philadelphia and Dairylea, said the takeover would secure UK jobs, while keeping open Cadbury’s Somerdale factory, [...]

Tesco offers 45% discount on home insurance

Tesco offers 45% discount on home insurance

Tesco Home Insurance is offering a 45% discount for new customers who purchase a policy online. The supermarket financial provider said the online discount is available on its Value, Standard, and Finest cover. Value cover is Tesco’s ‘no frills’ policy, offering protection for major events such as fire, storms, theft, and floods. Standard cover adds [...]

Halifax entices borrowers with Council Tax offer

Halifax entices borrowers with Council Tax offer

As of this week, Halifax is plying homemovers and first-time buyers with a new offer that provides help towards the cost of running a home. Borrowers can have 50% of their council tax bill paid by the lender during the first year in their new residence, with all payments being made direct to local councils. [...]

KPMG staff offered sabbaticals or four-day weeks

KPMG staff offered sabbaticals or four-day weeks

One of the world’s leading accountancy firms, KPMG, is the latest to suffer during the economic downturn after it offered its 11,000 staff sabbaticals or a shorter working week. In an email earlier today, staff were told they have the option of moving onto a 4-day week, with the fifth day unpaid. According to the [...]