Observer<\/p>\n
Insurance companies and analysts are warning that there could be further cuts in bonuses and payouts on with-profits investments this year despite the stock market recovery.<\/p>\n
America’s Home Depot , the world’s largest DIY retailer, is considering a pounds 8bn bid for Kingfisher, owner of B&Q in the UK and Castorama in France, according to Wall Street investment bankers.<\/p>\n
Sunday Telegraph<\/p>\n
The UK economy will grow by 2.8% in 2004, according to the Ernst & Young Item Club which uses the Treasury’s forecasting model. The Treasury is predic ting 3%-3.5% growth.<\/p>\n
Bill Grimsey, chief executive of Big Food , has attacked Musgrave, the company’s main rival in the bidding war for convenience store group Londis , for its supposed lack of national coverage and capacity problems.<\/p>\n
Sunday Times<\/p>\n
Nursery chain Leapfrog is planning once again to try to bounce on to the stock market with a pounds 70m flotation. It abandoned an earlier attempt in May 2002.<\/p>\n
The Financial Services Authority has intensified its inquiry into potential abuses by hedge funds and other sophisticated investors operating with unit trusts.<\/p>\n
The Business<\/p>\n
Old Mutual, the London-listed South African insurer, has approached several leading international banks to sell its majority stake in Nedcor , one of the country’s biggest lenders, in a deal worth up to pounds 2bn.<\/p>\n
Rhodia , the French chemicals group, is to sell three business units under a euros 700m disposal programme agreed in a refinancing with its banks.<\/p>\n
Mail on Sunday<\/p>\n
BSkyB is preparing a boardroom shakeup to appease shareholders over the appointment of James Murdoch as chief executive of the satellite broadcaster.<\/p>\n
Directors at pubs and brewing group Wolverhampton & Dudley won pay rises averaging 25% last year despite presiding over flat profits.<\/p>\n
IoS<\/p>\n
Elliott Bernerd, chairman of Chelsfield , is close to offering almost pounds 900m to take the property company private.<\/p>\n","protected":false},"excerpt":{"rendered":"
Observer Insurance companies and analysts are warning that there could be further cuts in bonuses and payouts on with-profits investments this year despite the stock market recovery. America’s Home Depot , the world’s largest DIY retailer, is considering a pounds […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-2089","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/2089","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=2089"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/2089\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=2089"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=2089"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=2089"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}