It has been reported that Bart Becht enjoyed a big pay packet of £93 million by working as the Chief Executive of Reckitt Benckiser. The figure which has been disclosed accounts for last year. This news fueled the criticism which is being made about the ever increasing pays of CEOs worldwide.
The enormous pay packages are being regarded as a threat. The information was confirmed by Richard Lambert, the CBI Director-General.
The Department of Work and Pensions has picked Fujitsu in a multi billion pound procurement deal, run in association with Buying Solutions to sort out its desktop computers, even though the company faces a ballot of union members to end its long-running dispute with the Unite union.
The two deals valued at £4.5bn have no value put on the DWP's share of the pot.
Fujitsu beat off competition from Cap Gemini and HP Enterprise Systems and ousted EDS, now owned by HP. The hosting contract with EDS has been renewed by DWP.
Official reports have confirmed that on Monday, Japanese beer manufacturers Kirin Holdings and Suntory ended their plans of coming together to create one of the world's biggest food and beverage manufacturing company, and the reason given has been that there are marked differences over governance and a merger ratio.
The announcement has managed to knock Kirin's shares down by 5%.
UK telecommunications giant BT has undergone a deal with O2 to consolidate the mobile operator's fixed line and mobile networks.
O2 's outages has rendered it famous, after it took on the exclusive iPhone deal in the UK from Apple.
The multi-million pound contract would see the UK's largest fixed line network outfit using its cutting-edge 21st Century Network (21CN) platform to consolidate O2's network infrastructure to assist it offer endless services.
The Google Nexus Phone is expected to launch soon in T-Mobile's network in the UK, the search giant seems poised to pick out AT&T for the launch of the 3G version of the device in the US, and it has been emerged.
Robin O'Kelly, T-Mobile UK's head of corporate affairs shared on Twitter that his network was in talks with Google about stocking the handset.
GlaxoSmithKline has fasten its belt on the track of rival AstraZeneca by announcing thousands of job cuts when it updates on profits this week.
The giant, will announce plans on Thursday for further restructuring with the loss of 4,000 jobs out of its 99,000 global workforce, of which nearly half will be in GSK's research and development centres.
Official announcements have confirmed that Aegis, the advertising firm, has purchased a 17.7% stake in China's TV buyer and advertising agency, Charm Communications, which will also be forming a joint venture with UK establishment's Vizeum division.
Vizeum's China unit will be forming the initial 40% of the complete joint venture's total revenue, and Charm, on the other hand, the gross assets of which are $143 Million (89 Million Pounds), will be transferring local clients to the JV in order to form the remaining 60%.
Drivers Jonas is going to merge with accountancy firm Deloitte to create a new business in the real estate advisory market, a move that has surprised the professional services market.
The merger will create one of the largest real estate businesses in Europe with a group of about 700 partners and staff.
Property advisory firm Drivers Jonas, which has annual revenues of around 100 million pounds, will shift its 650 partners and employees to Deloitte
Harry Ramsden's, the renowned fish and chip outlets chain, which has been the pride of Yorkshire since 1928, has now been purchased by Ranjit Boparan, a Birmingham based businessman and owner of Boparan Ventures Ltd.
The tycoon has shared that he is now looking to open at least 100 new restaurants across UK over the coming 5 years.
Financial details of the deal have not been officially disclosed yet.
Eventually, as shared by a spokesperson for Boparan Ventures, the company has plans to open outlets across India and China as well.
The raging great-great-granddaughter of Cadbury's founder yesterday said "he would spin in his grave" if the iconic firm would get take over up by US cheese giant Kraft.
Felicity Loudon begged shareholders to reject the 850p a share acquisition offer and urged them to keep the 186-year-old company British in their own hands in memory of her ancestor John Cadbury.
Australian branch of the merged Bank of America-Merrill Lynch hired a team of around ten bankers and traders from rivals Royal Bank of Scotland's fixed income and currency trading desks.
Reports claimed that the chief of Delta trading at RBS Chris Thomas would become the new chief of fixed income, currencies & commodities at Bank of America-Merrill Lynch’s Australian unit.
It was also informed that Chris Thomas was accompanied by nine other bankers form RBS.
The Heineken family, post the all-share acquisition of the Mexican brewer FEMSA Cerveza, will see some of its interest in the brewer melt away, but it will still continue to retain overall control.
In 2002, the family's Charlene de Carvalho-Heineken inherited her father's controlling stake in the firm, and has since worked with the brewer's top management to try and construct a complex deal to keep control in the company intact, and also expand into rapidly growing and lucrative markets of Mexico and Brazil.
Sportech, the football pools operator, has agreed on a new arrangement with Lloyds on revised banking facilities of 90.75m, comprising 87.75m of term loans and 3.0m of working capital.
Key financial covenants of the new agreement involve revised facilities aimed to provide greater headroom until the end of the term and part of the revised term loan will be used to finance business development opportunities.
Reports have confirmed that British Car Auctions, the second-hand vehicle trader has been purchased by the owner of the major car retail chain, Hertz.
Clayton, Dubilier & Rice, the American private equity company has agreed to purchase BCA from Montagu Private Equity, and the deal has reportedly valued the business at 390 Million Pounds.
Every year, BCA sells over 4 Billion Pounds worth of used vehicles, and currently boasts 45 centers across 12 countries. During the present year alone, the company has sold to over 70,000 UK buyers.
British drug maker AstraZeneca announced Wednesday that it would acquire French drug developer Novexel in a deal worth $505 million.
Under the deal, AstraZeneca will pay $350 million anti-infection group Novexel's shares and another $80 million for its cash.
The British drug maker will pay further $75 million if specific targets in the development of its drug programs are reached.
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