| (AFX UK Focus) 2008-03-18 11:37 GMT: TUI currently not in talks to merge Hapag-Lloyd with Neptune Orient Lines UPDATE
(Adds additional CEO comments) FRANKFURT (Thomson Financial) - TUI AG is currently not in talks to merge its Hapag-Lloyd container shipping unit with Temasek Holding's Neptune Orient Lines (NOL), chief executive Michael Frenzel said. "There are no talks with NOL," Frenzel said. "But we are open to the company and are waiting to see whether there will be concrete talks." TUI yesterday said its supervisory board has decided to split Hapag-Lloyd from the rest of the company. TUI said it will examine all options for Hapag-Lloyd, including a spin-off, merger or sale to an investor. Media reports previously said NOL is interested in Hapag-Lloyd and may offer as much as 6-7 bln usd for the world's fifth-biggest shipping line. Frenzel said the company expects the separation of its Hapag-Lloyd container shipping unit to help "significantly" reduce its net debt levels.
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The popularity of online shopping and ever widening broadband penetration are enabling internet services expert Group NBT to maintain its rapid growth rates. Two earlier acquisitions that outperformed, allied to organic growth of 17%, were behind a 98% sales surge to £16.5m for the half to December. Flat pre-tax profits of £1.9m reflected restructuring costs and a small loss from last July's Envisional acquisition. However, underlying profits actually rose 43% and good cash generation swelled the coffers to £3.5m and halved debt to £1m. European domain name manager Ascio, loss-making prior to its purchase last year, is now 'solidly into profits’, according to chief executive Geoff Wicks, and contributed to a 39% sales rise in the Netnames division, while Wicks predicts further efficiencies to come from the integration process.
Pure Technologies Ltd. announces results for quarter and year ended December 31, 2007
Pure Technologies Ltd., TSX-V: PUR, announces revenues of $14,747,000 for the year ended December 31, 2007. Sales revenue for the year increased from $7,370,000 in the previous year to $13,118,000 and monitoring and technical support revenue increased from $1,324,000 to $1,629,000. Net income for the year was $2,022,000 resulting in earnings per share of $0.07 on a basic and diluted basis compared to a loss of $3,949,000 in 2006 with earnings per share of $(0.18). .
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