PRESS DIGEST – British business – Dec 20

The Daily Telegraph

CBI JOINS DETRACTORS OVER BANK FORECASTING

The CBI, Britain’s main business lobby, suggested the Bank
of England’s inflation and interest rates were too conservative.

LADBROKES CONFIRMS TALKS OVER ONLINE RIVAL

Bookmaker Ladbrokes (LAD.L: ) has confirmed it is in talks to
buy online rival 888 for about 240 million pounds, signalling
the first strategic move by the group’s new chief executive.

HSBC INVESTORS QUESTION CITY’S VIABILITY AS BANK’S HQ

Shareholders in HSBC (HSBA.L: ) are questioning the economic
viability of the bank remaining headquartered in London,
according to its outgoing chief executive, Michael Geoghegan.

The Times

BUYERS LINE UP FOR NATS AIR TRAFFIC STAKE

Serco (SRP.L: ), Global Infrastructure Partners and Lockheed
Martin (LMT.N: ) are potential buyers of the British government’s
stake in NATS, Britain’s air traffic controllers.

INDIAN DEAL OPENS NEW MARKET FOR HOLIDAY INN

InterContinental Hotels Group is poised to unveil a deal
that will take its Holiday Inn Express brand to the fast-growing
India market after signing a memorandum with Duet India Hotels.

CVC DENIES AIRPORT BID

CVC Capital Partners [CVC.UL] has played down reports that
it is about to launch 12 billion euro bid for Spain’s Albertis.

The Guardian

GARTMORE KEEN TO AGREE HENDERSON RESCUE DEAL

Fund manager Gartmore [GRTMO.UL] wants to agree a rescue
package from its rival Henderson (HDIV.L: ) before the end of the
year, after the latter tabled a 344 million pound bid.

(Summary compiled by Reuters)

PRESS DIGEST – British business – Dec 20