Spread Betting News
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A weekly look at what the papers said, supplied and sponsored by paddypowertrader.
For this week's review see Spread Betting News Week.
Market Review 15 June 2009
The UK’s largest arms and defence company, BAE Systems, has been using an Irish-registered homeless charitable trust as a lawful device to shift assets off balance sheet and to lower its tax bill, the Sunday Independent has learned.
The Observer reveals that Ryanair has opened talks with Boeing and Airbus about ordering up to 300 more aircraft in a deal that would make the low-budget carrier more than double the size of British Airways.
Scotland on Sunday reports that Otto Thoresen, the chief executive of insurance giant Aegon UK, has ruled himself out of the search to succeed Sandy Crombie at Standard Life.
The Sunday Times breaks the news that Sinopec has made a £4.8 billion bid for Addax Petroleum, a London-listed group with fields in Iraq and Nigeria.
The Sunday Times adds that Lloyds Banking Group will lose an estimated £450m on Admiral Taverns, the pub giant, in what is believed to be one of the biggest write-offs it will be forced to take on a single investment.
The above content does not constitute investment advice. All reasonable efforts have been made to present accurate information.
Neither CleanFinancial.com nor paddypowertrader accepts any responsibility for any use that may be made of the above or for the correctness or accuracy of the information provided.
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'Spread Betting News' edited by paddypowertrader.com, updated 15-Jun-09
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