Monday Papers: National Express to start programme of property sales -- bid news and gossip

Mon Jul 6, 2009 7:58am BST
 
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* National Express to start a programme of property sales in order to raise capital and pay down debt

* JJB Sports looks at range of options to raise £50 million

* An investment manager part-owned by the Saudi royal family is planning to invest a chunk of its assets in UK and US commercial property, according to Prince Faisal bin Salman bin Abdulaziz, the chairman

* UBS chief executive, Oswald Grubel, wants to shake up the top management ranks of the embattled bank's brokerage business in the US after deciding against a sale, according to people familiar with the matter

* AIG to weigh up offers for Taiwan life operations

* Qinetiq consortium behind a £12 billion training programme for the military, has denied that there is a £1.3 billion hole in the project's funding

* Bridgepoint Capital is considering a public float for Pets at Home, the pet shop it acquired for £230 million in 2005

* Matlin.Paterson Global Advisors is considering leading a rescue bid for the whole of Canada's Nortel Networks

* 3i Group and HIG to inject 17.2 billion in rescue plan for VNU Business Media Europe

 

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