Hints and tips:
...In March it raised its full-year financial forecasts amid balmy conditions in the UK and US construction markets....
...“The most expensive part of the plan is the construction of a network of automated sorting centres....
...(Wall Street Journal) Brussels formally blocks abandoned UPS takeover of TNT: EU competition commissioner ‘surprised’ that UPS abandoned bid two weeks ago....
...(Financial Times) - UPS has agreed a deal to buy its European rival TNT Express in a takeover that is likely to value the Dutch delivery company at about €5bn, people familiar with the talks said....
...Goldman Sachs estimated last month that McGraw-Hill Construction was worth $563m, Aviation Week $116m and the broadcast group $137m....
...Takeover speculation has surrounded TNT for two months, with FedEx also in the frame as a potential suitor....
...Merrill Lynch upgraded TNT to “buy”, while Andrew Fitchie. a Collins Stewart analyst, said: “There appears to be massive upside in owning TNT if the deal goes ahead and the stock is cheap on fundamentals...
...The WFP has been working with Dutch group TNT since 2002....
...TNT gained 2.5 per cent to €30.27, while KPN was up 0.1 per cent at €10.03....
...TNT, the second-biggest European delivery group, raised its forecast for the year thanks to “a strong first half and confidence in the future”....
...TNT rose 3.9 per cent to €29.40 after the Dutch logistics company outlined plans to save €75m – most of it this year....
...TNT slipped 1.5 per cent to €27.31 on reports that private equity plans to buy the Dutch mail and express group had fizzled out....
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