COMPANIES
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Axa Asia Pacific rejects $10bn takeover bid
Axa Asia Pacific, the Australian-listed asset manager, has rejected an $10.2bn takeover bid from Australia’s AMP, saying the cash and shares proposal undervalued its business
Boots awaits news on Swedish auction
Europe’s largest pharmacy group is among the bidders poised to learn whether it has been successful in an auction for part of Sweden’s monopoly pharmaceutical retailer
Stakes mount in run-up to UC Rusal listing
Oleg Deripaska is in the final stages of agreeing a restructuring deal with foreign creditors on $7.3bn in debts, a vital precondition for the initial public offering
BAE looks to fighter jets for growth
Europe’s biggest defence contractor has invested about £80m in the Samlesbury site in Lancashire, and plans to invest 10 times that amount as it works its way to the full production rate of one F-35 Joint Strike Fighter a day by 2016
Investors back air of online respectability
Bwin, the internet gambling group, has come a long way since its directors were arrested under France’s anti-gambling laws, and investors are taking notice
Investors back air of online respectability
Bwin, the internet gambling group, has come a long way since its directors were arrested under France’s anti-gambling laws, and investors are taking notice
Insurers hope for capital holding reprieve
UK insurers are set for boost today when the supervisory club influential in setting capital rules will allow more time for talks
Aurum cuts debt to weather sales dip
The owner of jewellers Goldsmiths, Mappin & Webb and Watches of Switzerland, has almost halved its debt burden through a debt-for-equity swap with lender Landsbanki
Initial public offerings
Jitters in the IPO market attest to continued uncertainty, but are more likely to be speed-bumps on the road to recovery than road-blocks
Good research adds value for East Capital
Good research can add more value in eastern Europe than in western markets because there is less research available and the difference between good and bad companies is much greater, East Capital’s founder says





