General Electric Co. (GE) will buy Wellstream Holdings Plc (WSM), a British oilfield-services provider focused on the Brazilian market, for 800 million pounds ($1.3 billion).
The deal is worth 786 pence per share of Wellstream, including a 6 pence sp…
Five U.K. banks may have to pay hundreds of millions of pounds in a levy that aims to charge them for the risks they pose to the country’s economy.
The planned bank levy will raise a total of 2.5 billion pounds ($3.59 billion) a year from 2012 onwards, The Wall Street Journal said.
The levy has two goals, according to Financial Secretary to the Treasury, Mark Hoban.
“First, ensuring…
Continue reading U.K. Banks Face Government Levy
U.K. Banks Face Government Levy originally appeared on DailyFinance on Thu, 09 Dec 2010 09:02:00.
Filed Under: Company News, Taxes, Credit
A Chinese vase that spent years in a suburban London household sold for 43 million pounds ($67.8 million) at auction. Including tax and commission, the final price was 53.1 million pounds ($85.8 million).
Conti…
Rolls-Royce shares dropped further on Monday as investors fretted about the impact of problems with Rolls-Royce engines on Airbus A380s.
Last week, a Rolls-Royce engine exploded during a Qantas Airways (QUBSF) flight from Singapore to Sydney, forcing an emergency landing in Singapore. Today, Qantas said it found oil leaks in the engines of some of its grounded A380s.
Rolls-Royce…
Continue reading Rolls-Royce Shares Continue Slide on Airbus Concern
Rolls-Royce Shares Continue Slide on Airbus Concern originally appeared on DailyFinance on Mon, 08 Nov 2010 08:24:00.
Filed Under: Company News, Technology, Stocks in the News
Airbus SAS and Rolls-Royce Group launched an investigation into why an engine on a Qantas Airways (QUBSF) A380 exploded while the plane was in the air, forcing an emergency landing in Singapore.
Investigators from aviation authorities in France, Aust…