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News Headlines: BT: to make savings of 1 Billion pounds per year by 2009.BT also intends to build upon its 1 million broadband customers, targeting 5 million customers by 2006, equating to around GBP1billion of profitable revenue annually. Aggregate Industries: Says the UK outlook is strong but the US trading is lower than expected due to weather conditions in the US . A long Winter and wet Spring. The chief executive of BAE has poured cold water on speculation it is in merger talks with big defence companies in the United States. Airbus says it will pass Boeing as the Worlds largest plane maker. Xstrata has won approval from the Queensland Supreme Court to go ahead with a A$3.4 billion takeover of Australian miner MIM Holdings. ROLLS ROYCE, GKN, SMITHS GROUP The Times newspaper said aeroengine maker Rolls Royce is expected to be a contender to supply engines to Airbus, which told a newspaper it had won a multi-billion dollar order for 41 passenger jets from Dubai-based airline Emirates. Engineering groups GKN and Smiths Group are also set to benefit, the paper added. CORDIANT CRI.L France's Publicis PUBP.PA is set to take control of Cordiant, beating an offer from industry giant WPP , the Independent newspaper reported on its Web site on Sunday. Majestic Wine annual profit increased by 37.9% to 8.34m, Total sales up 20.1% to125.7m. The Final dividend of 8p net per share, bringing the total dividend to 11p net. The CEO said " I am very pleased to report that we have achieved our tenth consecutive year of record profits and successfully relaunched our French business as Wine and Beer World"
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- 16 Jun 2003 09:17
- 5 of 5