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LEX IN-DEPTH
Li & Fung – Group is a market darling but doubts are growing about its strategy
3:24pm
BAE Systems: on the defensive
©Bloomberg
Europe’s biggest defence contractor is in search of post-merger failure strategy
Lombard
BAE defends against golden oldies
BAE launches £1bn share buyback
Hurdles in way of further BAE/EADS tie-up effort
4:38pm
Qantas: cruising altitude
Australian airline gets hold of controls after five years of virtual free fall
Qantas cuts international losses
Qantas unveils A$100m share buyback
8:36pm
Toll Brothers: building up hopes
Earnings miss is reminder that US housing recovery will suffer plenty of fits and starts
Toll Brothers earnings miss hits shares
US homebuilder confidence dips in February
Housing
The long climb back
11:41pm
NetSpend / TSYS: cheque out?
Prepaid debit card business offers opportunities but investors are unconvinced
US banks squeezed as mortgage profits hit
Meredith Whitney
US bank bosses and their pay
©Getty
Feb 20, 2013
BHP Billiton: same old drill
Putting oil expert in charge of mining group suggests a shift but the focus is on continuity
Mining’s new guard focuses on returns
5:43pm
RSA: dividend diversion
Investors may not be happy but cutting payout will give insurer the resources to expand
RSA under attack over dividend cut
RSA cut raises concern for dividends
©Bloomberg
Feb 20, 2013
Akzo Nobel: painting by numbers
New strategy may not be ambitious enough to get group firing on all cylinders
Akzo Nobel – paint job
Akzo Nobel sells paints unit for $1bn
Feb 20, 2013
Lafarge: solidifying nicely
Cement company is doing well but may not be sector’s most attractive play
Materials and construction offer bright spot
Construction material suppliers cut back
©Bloomberg
Feb 20, 2013
UK 4G auction: not so rich
Less money than expected but there are some winners
4G sale falls short of forecasts by £1.2bn
Take-up of 4G on track, says EE chief
Feb 19, 2013
OfficeMax / Office Depot
A case study in the methods of two investors
Office Depot and OfficeMax to merge
US office retailers in merger talks
More Lex notes
McDonald’s
ThaiBev
Novartis
360 Buy
Carlsberg
Currency wars
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Heinz
Kabel Deutschland
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Danone
TNT Express
Natixis
Eni
European cable
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Nestlé
Time Warner’s magazines
FT Alphaville
A blinking red light
ECB transparency, €100bn of Italian bonds edition
Simplified finance by the ONS
Markets Live: Thursday, 21st February, 2013
The (early) Lunch Wrap
Tax avoidance: it’s close to home
Multimedia
MATERIAL WORLD
©Getty
Will Burberry’s offer to personalise goods lure customers to the brand, or is it a step too far
Video
What to expect from L’Wren Scott, who debuts with a feast of 23 carat gold and cottage pie
beyondbrics
©EPA
Bolivia’s president has nationalised operations of the country’s three largest airports
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BAE Systems: on the defensive
©BloombergEurope’s biggest defence contractor is in search of post-merger failure strategy