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Sunday Papers: JP Morgan to buy out the remaining 50% of Cazenove for £950mln - bid news and gossip

By Phil Cozens | 10:25:00 | 15 November 2009

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SUNDAY TIMES

 * JP Morgan to buy out the remaining 50% of Cazenove for £950 million; about £650 million will be split between 80 former Cazenove partners

 * Tesco hopes to double the size of its convenience store empire

 * Transport secretary Lord Adonis warns National Express could still lose its two remaining rail businesses

 * Lloyds forced to swallow a £600 million debt-for equity swap at Admiral Taverns in the latest fallout from the bank's ill-fated merger with HBOS

 * British Airways to open talks with the Civil Aviation Authority over the creation of a stand-alone group that will own the majority of the shares in the airline

 * Pearson is preparing to rejoin the battle for Santillana, the £838 million Latin American textbook publisher

 * Rolls-Royce lands a £900 million contract with Air China to supply engines to 20 of its Airbus aircraft

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Comments (1)

fourteenhundred - Lucky?

12:30 | 15 Nov 2009

It looks like "Streaky" has got lucky. First the main witness for the prosecution is seriously ill and now it seems, as an ex partner of Caz he will get a share of the billions.

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