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National Grid agrees sale of Onstream

Electricity and gas networks company National Grid has announced the sale of Utility Metering Services (which trades as Onstream) to Macquarie Bank for £274.3 million.

Eskom secures government funding

Eskom, the South African electricity utility, is to receive additional government support for its 440 billion rand build programme.

SABMiller bid for FosterÔÇÖs turns hostile

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

UAE announces BlackBerry ban

The United Arab Emirates has announced it is banning BlackBerry messaging, email and internet use.

GM to invest $100 million in small block engine facilities

General Motors today announced a $100 million investment in tooling and equipment to make automotive components at its GM Components Holdings Rochester Operations plant in New Y

Equatorial buys stake in African Iron

Australia’s Equatorial Resources Limited has acquired a 19.9 per cent interest in African Iron Limited, it has been announced.

QED Connect to acquire three resource companies

QED Connect has signed letters of intent to acquire 100 percent of Terra Resources and Kuma Oil, both oil and gas companies, and Kyrgyz Alumina, an aluminum mining company. 

Intel scores football strip agreement with FC Barcelona

Intel has announced a unique sponsorship deal with one of the world’s most recognisable football teams, FC Barcelona

Irish manufacturer celebrates ÔÇ£highly significantÔÇØ order

Northern Irish bus building company the Wright Group has announced it will supply 334 new vehicles to transport company Arriva in a deal worth £55 million.

Zeder reports earnings increase

South African agricultural investment group Zeder has reported increased earnings for the year ending 28 February 2011.

EC grants BA tie-ups

The European Commission has given the go-ahead for British Airways to enter a joint business agreement with American Airlines after the companies agreed to competition safeguard

Liberia gives go-ahead to palm oil project

The government of Liberia has embarked upon a $1.6 billion palm oil project with Golden Agri-Resources (GAR), the subsidiary of Singapore palm oil producer Golden VerOleum.

Stunning blue diamond discovered in South Africa

A 29.6 carat blue diamond has been recovered by Petra Diamonds in South Africa

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