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Market Report: BG drills ahead as buyout rumours fuel speculation

20 August, 2010

The London market continued to weaken last night, but BG overcame the downdraft as speculators revisited rumours of a bid interest from rivals in the oil and gas sector.

FTSE 100-listed Royal Dutch Shell, Brazil’s Petrobras, America’s Exxon Mobile and the Russian energy giant Gazprom were all named as possible bidders. The large number of potential suitors, coupled with the fact that BG often features in the market rumour mill, stoked scepticism among traders. However, the recent jump in deal activity elsewhere meant that they were careful to acknowledge the possibility of a takeover proposal, particularly when it came to Shell, which has been linked with the natural gas giant in the past.

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Investment Column: Qinetiq is worth a punt in defence sector

18 August, 2010

Do you really want to be investing in companies whose major customer has promised to cut orders “ruthlessly and without sentiment”?

The Defence Secretary, Liam Fox, has said that the Ministry of Defence budget will be slashed by up to 20 per cent, and the defence industry is in suspended animation awaiting the looming Strategic Defence and Security Review. Meanwhile, the market is awash with rumours about where the axe will fall when the details are revealed in October.

Don’t be put off. There are still opportunities for hardy investors with a long-term view.

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BC Partners hit by Greek casino cash crisis

17 August, 2010

BC Partners, the private equity firm that owns Foxtons estate agents, faces trouble in another of its companies, Greek casino operator Regency Entertainment, which also accumulated large debts at the peak of the credit boom.

The casino operator, acquired for €1bn (£800n) in 2006, has appointed investment bank Houlihan Lokey, which specialises in restructuring, to advise on how to tackle the company’s €557m debt.

The talks are continuing with a group of Greek and foreign creditor banks, which are being advised by Lazard, the Guardian has learned.

Earnings at the casino operator are below expectations, as the business has been hit by a slowdown in consumer spending in Greece in the wake of the country’s financial near-collapse this year. It h

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Look At The Benefits Of Double Glazing

17 August, 2010

Double glazing is one way to save money on energy bills. There are also many styles and designs to choose from as the windows are becoming more common place. The insulation efficiency is rated by the Energy Saving Trust, and any window that is rated at a C or higher will provide adequate savings on the heating and cooling bill.

Some windows are double glazed, while some are triple glazed. The double glazed windows are composed of two panes of glass, and of course, triple glazed windows are made with three layers of glass. The triple layered window is not necessarily more energy efficient than the double layered.

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R.I. DOT outlines preliminary schedule for future MBTA service to Warwick

16 August, 2010

PROVIDENCE – The R.I. Department of Transportation clarified Friday a preliminary schedule for commuter trains headed to the new Warwick station connected to T.F. Green Airport. A candidate for Warwick mayor had released a statement Friday presumably saying a schedule had been agreed upon.

DOT spokesman Charles St. Martin said the final train schedule has yet to be signed off on by Amtrak, which controls the rails, the DOT, which is building the station, or the Massachusetts Bay Transportation Authority, which operates the trains.

The schedule was discussed, not approved, at a meeting Thursday, St. Martin said.

That proposed schedule would include two so-called “reverse commute” trains running from Providence to Warwick in the morning. Also

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