Europe

The Hadley Group is the UK’s largest manufacturer of cold rolled steel sections; and its operations in Dubai give it access to the high-growth economies in the east, an opportunity it is seizing with both hands.

The board of Cambridge, UK-based Autonomy has unanimously recommended its shareholders accept a £7.1 billion offer from technology giant HP.

Founded in 1996, Autonomy provides infrastructure software to a customer base of more than 25,000 companies, law firms and public sector agencies globally. It has approximately 2,700 employees worldwide.

Over the past five years, Autonomy has grown its revenues at a rate of approximately 55 per cent and its adjusted operating profit at a rate of approximately 83 per cent per annum.

UK-based SABMiller has made a hostile bid for the Australian beer giant Foster’s.

The Foster's board rejected SAB's initial A$9.5 billion (£6.1 billion) offer made in June, saying it was too low.

SABMiller has now taken the offer directly to the company’s shareholders, though it remains unchanged at A$4.90 per share.

Germany’s Rhenus Group has agreed to acquire the mainland European activities of UK-based Wincanton Group, it has been announced.

Wincanton’s German and French businesses generate revenues of approximately €550 million and employ 3,000 people. The companies’ activities are predominantly in contract logistics and intermodal transportation.

UK budget hotel operator Travelodge is to spend £135 million on expansion within and around the country’s national parks.

The company said it is responding to the rise in the number of people staying in or near the UK’s 15 national parks.

The Travelodge property team is prioritising a search for 37 sites in total, with key locations including Aviemore in the Cairngorns, Betws-y-Coed in Snowdonia, Grasmere in the Lake District and Minehead on Exmoor.

David Falzani, CEO of business consultancy Polaris Associates and president of the Sainsbury Management Fellowship, says engineers need to get a taste for marketing.

When the opportunity came along to develop a local crisp I jumped at the chance. The client, Quex Foods, manages 2,000 acres in Kent. After years of supplying the multiples, they wanted higher value-add products and suspected that crisps could do the trick.

Sam Howard speaks to Willie Wood, senior sustainable horticulture manager at Chingford Fruit Limited, to find out how partnerships with producers and growers worldwide are impacting the products found on UK supermarket shelves.

Cooper Standard has announced plans for a new manufacturing facility in Craiova, Romania, further expanding its global automotive body sealing and fluid handling businesses.

Headquartered in Novi, Michigan, Cooper Standard is a global supplier of systems and components for the automotive industry. Products include body sealing systems, fluid handling systems and anti-vibration systems.

Canary Wharf Group is to construct a new office building of over 500,000 square feet at Canary Wharf in London.     

Work on the substructure at 25 Churchill Place has already been completed, with construction of the 20-storey tower due to begin in the fourth quarter of this year.

Canary Wharf Group has called the building of the tower “a symbolic milestone”, as it completes the development of the original Canary Wharf masterplan.

London-based oil and gas company Terra Resources has entered into a financial partnership with Hendon Energy Fund 2011 to develop an oil and gas concession in Russia.

Hendon has agreed to partner with Terra Resources to fulfil its funding commitments, which are estimated to be $90 million, for the development of the 85,000 acre oil and gas concession in Kalmykia.