Yahoo Finance Bid UK business press digest, November 21
The following is a summary of the top business stories across the UK 'papers on Monday, November 21:
The Financial Times
KAZAKH OIL GROUP TO SEEK LONDON LISTING
Zhaikmunai, the Kazakhstan-based oil and gas producer, signals its intention to seek a full London listing that would qualify it for entry into the FTSE 250 index.
DELPHI SAYS ACQUISITIONS "ON OUR RADAR"
Delphi Automotive, the U.S. car parts maker that went public last week after a long post-bankruptcy restructuring, is seeking acquisitions to boost its Asia-Pacific presence and expand its core businesses.
CHINA FEARS LASTING WORLDWIDE RECESSION
China's vice-premier responsible for overseeing the financial sector predicts the global economy will slump into long-term recession and warns Beijing will need to deepen financial reforms to cope.
The Times
Vodafone raided in corruption probe
Vodafone was facing a fresh crisis in one of its key growth markets on Sunday after police raided its main offices in India as part of a multibillion-pound corruption investigation.
Phoenix mulls £1bn takeover from CVC
Phoenix Group is considering a 1 billion pound ($1.6 billion) takeover offer from private equity firm CVC Capital Partners after a bid from rival closed-end insurance group Resolution fell through.
The Guardian
CBI seeks government cash boost
The CBI has urged the government to give a 20 billion pound cash boost to the economy over the next decade through a radical overhaul of Britain's export strategy focusing on providing the right products for the world's high-growth markets
AIR publishes a weekly magazine. Subscriptions are free at www.aireview.com.au
