Friday Papers: Anglo American set to name Sir John Parker as new chairman - bid news and gossip

Fri Jul 10, 2009 7:54am BST
 
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* Anglo American is set to name Sir John Parker as its new chairman aiming to reassure shareholders that the mining group has a strong independent future after its emphatic rejection of a merger offer from rival Xstrata

* Leading shareholders in Venture Production have agreed not to sell their shares too cheaply in the event of a Centrica bid

* Merger talks between British Airways and Iberia are expected to gather new momentum after the ousting of the Spanish flag carrier's chairman

* Lloyd's of London plans strategic revamp as insurance market aims to exploit gaps created by crisis

* Sprint forms $5 billion Ericsson network deal, with 6,000 Sprint employees moving to Ericsson

* Four of the biggest names in the UK digital media scene, Michael Birch, Brent Hoberman, Peter Dubens and Jonathan Goodwin are teaming up to launch an investment fund for internet start-ups

* Amec forms joint venture with Korea Gas and Korea Development Bank, holding 54% of Amec Korea, providing start-up capital of £300,000 cash

* Ciref proposes acquisition of Glanmore Property Fund

* Coffee Republic administrator confident of sale as early as next week

* Petrofac awarded three-year contract by Apache North Sea worth £25 million annually

* Centrica sells part of Trinidad Gas block to Niko and Voyager

* Chemring unit signs $38.2 million US Army contract

* AstraZeneca terminates MAP Pharma contract; sees $44 million impairment charge in second quarter

* Restrictions placed on Pearl Group by the FSA must be lifted for the debt restructuring and £500 million capital injection by Liberty Acquisition International

* Private equity group Silver Fleet Capital has started exclusive talks to buy Kalle, the German maker of sausage casings

* Virgin America moves to see off challenge

* Vivendi looks to majority stake in Zain Africa assets

* News Corporation rules out buying Twitter

* Clive Jacobs, founder of Holiday Autos, has bought TW magazine from Reed Elsevier

 

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