You are here: Home - Investing -

Friday newspaper round-up: Nationwide, Microsoft, Morrisons…

Written by:
Nationwide faces £1.8bn capital squeeze; management overhaul at Microsoft; Morrisons plans 300 convenience stores.

British manufacturer Invensys is in takeover talks with Schneider Electric over a £3.3bn preliminary offer from the French company, The Telegraph reported.

Ratings agency Moody’s said Nationwide Building Society needs to raise £1.8bn to meet regulatory requirements on its capital strength, according to The Times.

Microsoft chief executive Steve Ballmer has announced an overhaul of top management in an effort to compete against rivals such as Apple and Google, the Financial Times said.

Morrisons chief executive Dalton Philips said the supermarket will be able to compete on equal terms with its rivals for the first time as it plans to launch a website and open 300 convenience stores over the next three years, The Guardian reported.

Construction company Kier has won a contract with West London Mental Health Trust to build the Broadmoor mental health hospital at Crowthorne in Berkshire, The Independent revealed.

Tag Box

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Everything you wanted to know about ISAs…but were afraid to ask

The new tax year is less than a fortnight away and for ISA savers or investors, it’s hugely important. If yo...

Your right to a refund if travel is affected by train strikes

There have been a wave of train strikes in the past six months, and for anyone travelling today Friday 3 Febru...

Could you save money with a social broadband tariff?

Two-thirds of low-income households are unaware they could be saving on broadband, according to Uswitch.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

DIY investors: 10 common mistakes to avoid

For those without the help and experience of an adviser, here are 10 common DIY investor mistakes to avoid.

Mortgage down-valuations: Tips to avoid pulling out of a house sale

Down-valuations are on the rise. So, what does it mean for home buyers, and what can you do?

Five tips for surviving a bear market mauling

The S&P 500 has slipped into bear market territory and for UK investors, the FTSE 250 is also on the edge. Her...

Money Tips of the Week