Hints and tips:
...According to the CMI poll, nearly half of managers think the increase in corporation tax would have a negative impact on both their businesses as well as the UK as a whole....
...Ann Francke, head of the CMI, said that while “Big Bang-type returns are largely ruled out . . . the office is still viewed as an essential aspect of working life and a place to connect with colleagues,...
...But being a benefit corporation might be a takeover defence....
...More than 90 US cities competed to attract the factory — which will supply components to construction giants such as Caterpillar, Terex, Volvo and Komatsu — as rural and deindustrialised regions of the country...
...The opportunity to buy Stahl arose after Finland’s Konecranes announced in May it would pay $1.3bn to acquire a unit of Terex of the US that makes cranes....
...There is much to be said for evening up the playing field between corporations with global operations, for whom such tax arbitrages are possible, and smaller companies that have to pay the full whack....
...Zoomlion made a cash bid for Terex, the US company, earlier this year, though the result of that overture is still uncertain....
...Zoomlion had wooed Terex since December but, when faced with a fast-approaching deadline at the end of May, it backed out citing an inability to agree on price....
...Zoomlion, a lossmaking Chinese machinery company that is partially state-owned, made a $3.3bn bid for US rival Terex last month. Its total debt stands at 83 times its ebitda....
...Aside from Caterpillar, shares of Joy Global fell 1 per cent to $15.59 and shares in Terex Corporation fell more than 5 per cent to $16.83....
...Zoomlion, a lossmaking and partially state-owned Chinese machinery company that is bidding for US rival Terex, has a debt multiple of 83; by comparison Terex’s is 3.6....
...A new survey by Britain’s Chartered Management Institute has revealed an old reality, namely “an unacceptable discrepancy between pay and performance”, as the CMI puts it....
...CMI is a regional corporation with a diversified portfolio of businesses, including the Pollo Campero fast food chain. Shares in Telefónica were slightly lower at €11.10 on Tuesday morning....
...Shares in Terex jumped 9 per cent to $20.94 while Bucyrus climbed 9.8 per cent to $55.84....
...The government selected Doosan as the preferred negotiating partner in October out of seven final bidders – including US industrial group Terex, private equity group Carlyle and Hyosung, another South Korean...
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