Monday Papers: AXA poised for £1.8bln rights issue -- bid news and gossip

Mon Nov 9, 2009 6:50am GMT
 
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* Axa Group is readying a £1.8 billion rights issue that could be launched as early as today -- Telegraph

* Axa Asia Pacific rejects $10 billion takeover bid from Australia's AMP

* Board of Cadbury preparing to meet today amid expectations that Kraft will go hostile with its takeover offer

* Alliance Boots is among the bidders poised to learn this week whether it has been successful in an auction for parts of Sweden's monopoly pharmaceutical retailer

* Aurum Holdings cuts debt to weather dip in luxury jewellery sales

* Zytec Automotive Technology poised for £4.5 million injection of public funds

* Invicta Capital plans £300 million fund to invest in Scottish Biomass power brand

* Wal-Mart has sold ASDA to a Leeds-based investment vehicle called Corinth Services for £6.9 billion - only £200 million more than it paid in 1999 - Telegraph

* Northern Foods suspends closure of biscuit factory -- Telegraph

 

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