Archive for March 13th, 2013

budget briefcase

Bankers and other interest groups offer Budget submissions

With one week to go until UK Chancellor George Osborne presents his annual Budget in the House of Commons, business groups have been putting forward their priorities. Today the British Bankers’ Association (BBA) published its Budget submission, calling for measures …

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Tesco continue to struggle

Tesco pays £49m for acquisition of Giraffe chain

UK retailer Tesco Plc (LON:TSCO) said on Wednesday it had taken over restaurant chain operator Giraffe Concepts Ltd for £48.6m ($72.7m/€55.9m). The company has acquired the stakes held by

RBS

RBS to reduce stake in Direct Line Insurance

UK lender Royal Bank of Scotland Group plc (LON:RBS) has launched an accelerated bookbuilding process, looking to sell 229.4m common shares in the insurer Direct Line Insurance Group

Oil rigs at sunset

Technip acquires Norwegian Ingenium

French oil services group Technip SA (EPA:TEC) said today it had agreed to buy Norwegian offshore engineering and services contractor Ingenium AS, without specifying how much it had

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