Reuters: Business News

BA seeks chief operations officer

Sun, 11 May 2008 13:19:18 +0100

LONDON (Reuters) - British Airways is seeking to fill a new role of chief operations officer to replace two executives who quit in the wake of the Heathrow Terminal 5 fiasco.

Vodafone says not pursuing MTN bid

Sun, 11 May 2008 11:10:14 +0100

LONDON (Reuters) - Vodafone Group , the world's largest mobile phone group by revenue, has no intention of pursuing a bid for the South African company MTN , a spokesman said on Sunday.

Marks & Spencer's Rose faces tougher challenge

Sun, 11 May 2008 13:20:28 +0100

LONDON (Reuters) - Stuart Rose, chief executive of retailer Marks and Spencer, will face tough questions when he takes to the stage at the company's annual results event on May 20.

BT in talks to sell UK data centres to HP

Sun, 11 May 2008 13:12:23 +0100

LONDON (Reuters) - BT Group is in talks to sell its British data centres to the U.S. computer firm Hewlett-Packard for 1.5 billion pounds, the Sunday Times reported.

Tide may be turning for dollar

Sun, 11 May 2008 16:08:06 +0100

LONDON (Reuters) - The tide may be turning at last for the U.S. dollar after seven years of decline as policymakers recognise the inflationary threat of an endlessly weakening greenback, whose losses have driven up oil and commodity prices.

Ryanair says plans to halve ticket prices

Sun, 11 May 2008 15:55:47 +0100

FRANKFURT (Reuters) - Ryanair , Europe's largest budget airline, plans to cut its ticket prices by half despite soaring fuel prices, helping it grow substantially, the company's chief executive told German paper Frankfurter Allgemeine Sonntagszeitung.

Citigroup eyes selling Japan consumer unit

Sun, 11 May 2008 06:29:05 +0100

TOKYO (Reuters) - Citigroup is considering selling its Japanese consumer finance company CFJ KK or cutting the unit's business significantly as part of its plans to shed assets, Japanese daily Nikkei reported on Sunday.

News Corp drops bid for Newsday

Sat, 10 May 2008 20:42:42 +0100

NEW YORK (Reuters) - Rupert Murdoch's News Corp on Saturday dropped its $580 million (298 million pounds) for Tribune Co's Newsday newspaper, just days after Murdoch said a deal was imminent, leaving cable television operator Cablevision as the likely winner of the Long Island daily.

Shell pulls out of Iran gas deal

Sat, 10 May 2008 13:48:42 +0100

LONDON (Reuters) - Oil major Royal Dutch Shell has pulled out of a planned gas project in Iran, after coming under pressure not to participate from U.S. lawmakers who were concerned about Iran's nuclear programme.

Mubadala to turn Abu Dhabi island into business zone

Sun, 11 May 2008 11:55:24 +0100

ABU DHABI (Reuters) - Mubadala Development, an Abu Dhabi investment arm which manages over $10 billion (5.1 billion pounds) in assets, said on Sunday it will develop an offshore island into a new business district that would house the stock exchange.