Tuesday Papers: Lloyds and RBS to outline moves to raise a combined £54bln -- bid news and gossip

Tue Nov 3, 2009 6:45am GMT
 
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* Lloyds and RBS will today outline moves to raise a combined £54 billion in fresh funding in a further reshaping of Britain's finance industry

* RBS postpones issue of warrants and to cut 3,700 jobs across its branch network as part of a planned overhaul of its business

* Direct Line founder Peter Wood dismisses bid for RBS insurance

* Vodafone's Ghana deal attracts SFO interest

* ITV's sale of Friends United referred to Monopolies Commission over concerns it could damage the online family history market

* Rolls-Royce wins new Turkish order worth £213 million

* General Motors to reconsider Opel sale plan

* Kraft results pave way for hostile bid for Cadbury

* Yell Group to raise £500 million from rights issue

* Call for National Express strategy review after failed merger talks

* ING analysts urge Tesco to make a £13.5 billion bid for Ahold to aid US expansion

* Dragon Oil agrees $1.14 billion Dubai buy-out move

* Travel operator Mark Warner asks PwC to review a number of approaches from interested parties over the sale of the business

* Patrick Degorce, a former leading light at the Children's Investment Fund, has launched his new hedge fund called Theleme Partners with an estimated £122 million under management

* Stanley Works cuts a deal to win control of Black & Decker in $14.5 billion merger

* Pali International confirms scaling back its London operation in a move that could see nearly 20 staff from less profitable businesses leaving the group, including the retail analyst role held by Nick Bubb

* Red Rock Resources buys investment in Cue Resources for C$989,000

* Denbury Resources to buy Encore Acquisition Co for $3.2 billion

* ASG Media appoints administrators

 

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