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Market report: Babcock takeover rebuffed, Kier rethinks strategy as airlines come under Lufthansa pressure

UK investors begin the week with takeover talk to digest after defence contractor Babcock (BAB) admits it turned down approaches of a tie-up from outsourcing peer Serco (SRP). There is also a strategy overhaul reported by troubled construction firm Kier (KIE) and a profit warning from German airline Lufthansa to mull, the latter hurting UK listed airlines that have been struggling with rising ...

News in brief: Galliford Try, Coca-Cola Hellenic Bottling, Mondi, Canadian Overseas Petroleum, Daily Internet, Fox Marble

Grab Galliford Wednesday’s (14 May) first-half trading statement from Galliford Try (GFRD) should be an opportunity to see how the construction order book is progressing compared to the group’s burgeoning house building operations. The firm expects private sector growth to drive its construction and infrastructure business. (SFl)   Coca-Cola losses fizz A downwards drift at ...
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