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Archive for May 16th, 2008British Energy gets bid approachesPosted by UK Economy News
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16May 08 Nuclear power company, British Energy, has received early stage takeover proposals, it said on Friday, which value it at more than 10.8 billion pounds.
Read full story Oil price surges to record high above $127Posted by UK Economy News
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16May 08 The price of oil rocketed to a record high point of 127.43 dollars per barrel on Friday, as US President George W. Bush prepared to urge Saudi Arabia to pump more crude, analysts said.
Read full story Comments Off Ukraine becomes latest WTO memberPosted by UK Economy News
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16May 08 Ukraine officially joined the World Trade Organisation on Friday, becoming the 152nd member.
Read full story Comments Off European new car sales rebound sharply in April: trade bodyPosted by UK Economy News
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16May 08 New car sales in Europe rebounded sharply in April, shwoing a 9.6-percent rise over the same month last year despite global financial problems and soaring fuel prices, the ACEA European automakers association said on Friday.
Read full story Comments Off Euro gains ground against dollarPosted by UK Economy News
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16May 08 The European single currency rose against the dollar on Friday before a fresh batch of data on the ailing United States economy, dealers said.
Read full story Comments Off BA earnings rise sharply despite soaring fuel costsPosted by UK Economy News
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16May 08 British Airways said Friday that its annual net profit more than doubled as it cut costs to help offset record high fuel prices while the group offered its first dividend in seven years.
Read full story Comments Off Philippines: rice prices softening amid Japan offer, bumper cropsPosted by UK Economy News
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16May 08 The Philippines, one of the world's largest rice importers, said Friday prices are softening after Japan offered to sell rice to Manila amid news of bumper world harvests for 2008.
Read full story Comments Off Renault global sales up 8.3% in AprilPosted by UK Economy News
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16May 08 French automaker Renault said on Friday its global unit sales rose 8.3 percent from a year earlier to 228,146 vehicles in April.
Read full story Comments Off British Energy gets bid approaches at premiumPosted by UK Economy News
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16May 08 Nuclear power generator British Energy said it has received a range of takeover proposals, including some priced above Thursday's closing share price of 680 pence per share, sending its shares higher.
Read full story Comments Off British Energy gets bid approaches at a premiumPosted by UK Economy News
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16May 08 British Energy has received a range of takeover proposals, including some priced above Thursday's closing share price of 680 pence per share, it said on Friday.
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