Tuesday, 4 September 2007

Staff at car-insurance giant, Admiral, will receive a £3million windfall after it posted 26% rise in half-year profits. More than 2000 staff will share in this windfall. The group owns and the highly successful (source: The Londonpaper)

The studios that are home to James Bond, PINEWOOD SHEPPERTON, today warned for a second time this year that several major film productions are likely to be delayed. First half revenues slipped to £18,4 million but pre-tax profits rose to 39% to £2.9 million. The interim dividend is lifted 11% t 1p. (source: London Lite)

Vodafone is preparing to take control of the mobile giant’s African joint venture. It is in talks with partner Telkom to raise its stake from 50% in Vodacom, which has 30 million customers in South Africa as well as smaller nations such as the Congo and Tanzania. Telkom is 38% owned by the South African government. The cost to take control can cost as much as £5 billion. Two years ago, Vodafone upped its stake in Vodacom from 35% to 50% at a cost of up to £1.35 billion. (source: Daily Mail)

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