Barclays is considering spinning off a £4 billion portfolio of credit assets in an effort to clean up its balance sheet and satisfy shareholder concerns over its investments.
Source: Financial Times
Kraft, the food and beverage company, will delay putting in a formal offer for Cadbury until the confectionary company releases its trading update next week. Industry analysts have warned that Cadbury may be struggling to achieve its full-year sales targets.
Source: Financial Times
JJB Sports has confirmed that it will proceed with its £100 million rights issue early this week. The retailer was forced to delay the deal on Friday following rumours surrounding the financial affairs of JJB's executive chairman, Sir David Jones.
Source: The Independent
Royal Bank of Scotland is to consider floating its Churchill Insurance brand in a bid to raise cash to cut what its pays to join the Government's asset protection scheme.
Source: The Scotsman
Cosmen-CVC, the consortium that has submitted a £765 million for National Express, is expected to request a further period for due diligence, following a row over the tactics that the company uses in gathering its data.
Source: The Daily Telegraph
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