Corporate Action

Bart Becht Joins the League of Highest Paid Corporates

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.

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Fujitsu Ties Contract with HP

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.

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Merger Talks Ended by Japanese Brewers Kirin and Suntory

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%.

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BT to Sign a Deal with O2 Contract To Consolidate Networks

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.

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Google Nexus One to Launch T-Mobile’s Network

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.

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