Posts Tagged ‘Construction’

112 Construction companies accused April 17th, 2008

112 construction companies have been accused by The Office of Fair Trading (OFT) of acting as a cartel and fixing bids for contracts. The winning bidder would then give a ‘back hander’ to losing bidders which would effectively be paid by the customer through having to pay an inflated price for the works. (more…)

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Rolls-Royce to slash up to 2,000 jobs 21 Nov 2008 19:37, edition.cnn.com
... Hamilton. Shares fell 6 percent to 251 pence ($3.74) in early trading on the London Stock Exchange. ...

BlackBerry Storm Available in U.S. November 21 Exclusively from Verizon Wireless 21 Nov 2008 19:37, Hispanic Business
... Wireless is a joint venture of Verizon Communications (NYSE: VZ) and Vodafone (NYSE and LSE: VOD). For more information, visit www.verizonwireless.com. To preview and request broadcast-quality video footage and ...

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Woolworths' shares plunge 32 pct on concern it won't be able to sell debt-ridden business 21 Nov 2008 19:13, Hartford Courant
... downturn, lost 0.67 pence ($0.01) to close at 1.43 pence (about $0.02) on the London Stock Exchange. The fall came after a newspaper report that a syndicate of Woolworths' lenders led ...

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    • Debt for Equity Swap
      Where the provider of debt finance accepts equity finance as a replacement. The means the company does not need to pay fixed interest on the capital. Consequently such a transaction normally takes place when the company is experiencing difficulties.