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Morning Eyecatchers: Resolution in talks to buy most of AXA UK life assurance units for £2.75bln

BP oil spill bill hits $1.6 billion, Weir Group trading stronger than expected and Majestic Wine year profit up 26%.

 * Resolution in talks to buy most of ACXA UK life assurance units for £2.75 billion

 * BP says oil spill bill hits $1.6 billion

 * Weir Group trading for the nine-week period to 4 June has been stronger than expected; aftermarket orders have continued to exceed expectations; company is starting to see a positive emerging trend in orignal equipment orders; order input for the 22 weeks up 25% with aftermarket orders up 24%; expect profit before intangibles and tax for 26 weeks to 2 July to be around £140 million

 * Majestic Wine profit-before tax increased by 117% to £16 million; total sales up 15.6% to £232.2 million; total sales up 15.6% to £233.2 million; final dividend 7.5p, bringing total dividend for year to 10.3p, an increase of 5.1%; ten weeks from March 30 to June 7 like-for-like sales up 7.3%

 * United Utilities to sell non-regulated water interests

 * National Grid receives 94% take-up for rights issue

 * Renewable Energy buys a 4.95MW wind farm from E.ON Climate and Renewables UK

 * Carillion wins £50 million of BAA support services contracts

 * Dana Petroleum acquires Petro Canada unit for £270 million

 * Petrofac acquires renewables business for £7.5 million

 * 888 Holdings buys Mytopia social games studio

 * Kewill buys customs compliance company Minihouse

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1 comment so far. Why not have your say?

David Robert

Jun 14, 2010 at 11:03

Good to see this back. We need more facts and fewer opinions

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