Rumours of foreign bids for Invensys

first_img KCS-content whatsapp ENGINEERING firm Invensys could be the target of a foreign takeover, with Swiss, French, German and Chinese firms all understood to be considering bids.Potential suitors include Emerson Electric, Siemens, China Southern Rail (CSR) and ABB.Sources close to Invensys played down the rumours to City A.M., saying the firm has been linked with numerous bids over the last two years. No bids had been tabled as of last night.Analysts have long viewed Invensys as a candidate for break-up, a view that chief executive Ulf Henriksson appeared to endorse in November when he said CSR could acquire or take a stake in the business.Invensys, which makes industrial process automation systems, signalling and control systems for railways and various control products for domestic appliances and other applications, made an operating profit of £248m in the full financial year ended March 2010.Its operating profit in the last three months was unchanged from a year ago. whatsapp Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap Share Show Comments ▼ Sunday 20 February 2011 10:43 pm Rumours of foreign bids for Invensys Tags: NULLlast_img read more

EnCore plans drilling spin-off

first_img EnCore plans drilling spin-off Show Comments ▼ Wednesday 9 March 2011 7:55 pm whatsapp Tags: NULL Sharecenter_img KCS-content whatsapp Oil and gas explorer EnCore Oil said yesterday it was considering floating a new company containing its exploration assets to raise money for a drilling programme. EnCore said it would have a significant stake in the new company, which would be listed on AIM and expects to retain operatorship control. “I believe that this would re-position EnCore primarily as an asset development company with significant exposure to exploration upside,” said chief executive Alan Booth. The firm also posted a six-month pre-tax loss of £3.8m, compared with a profit of £15.5m a year ago. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search AdsSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayBetterBe20 Stunning Female AthletesBetterBeHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical Geniusmoneycougar.comThis Proves The Osmonds Weren’t So More From Our Partners 980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comlast_img read more