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Investors Chronicle articles from June 2003
A financial news magazine presenting analysis and tips for UK stock market investors on international companies, exchanges, strategies for investors, and more. Provides in-depth features, analysis of global markets and sectors, news on takeovers and share
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Investors Chronicle archives from June 2003
Somerfield rejects new offer.
June 12, 2003... Somerfields board has rejected an improved offer for the company, saying that 120p a share substantially undervalues our business. But the City was surprised that the supermarket group, whose shares were languishing at 44p last October, turned...
P&O buys Indian port.
June 12, 2003... Asian port operations are the strongest part of P&Os business portfolio, and last week it added to its investments, buying the Indian Mundra container port for GBP120m. The company raised the cash in a 220p a share placing, reflecting its...
Terra Firma seals waste recycling deal.
June 12, 2003... The protracted takeover of Waste Recycling Group finally concluded this week when private equity firm Terra Firma agreed to buy the waste management company for 268p a share. The price is disappointing given that, in March, Terra Firma said it...
Wildes wisdom.
June 13, 2003... The public have an insatiable curiosity to know everything, except what is worth knowing. Journalism, conscious of this and having tradesmanlike habits, supplies their demands. Oscar Wildes words apply perfectly to financial journalism.
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3 rings in the price changes.
June 13, 2003... As surely as day follows night, and summer follows spring, a hangover will follow a celebration. This week it was the mobile phone operators that were reaching for the Alka Seltzer: decent results from mmO2, Vodafone and Orange have pushed...