Lord Sterling of Plaistow, the former chairman of ferries group P&O, is behind a major push to restore regular river services on the River Thames. The businessman, who helped organise the celebrations for the Queen's Silver and Golden Jubilees, wants improved river transport to be a lasting legacy of the 2012 Olympic Games.
Lord Sterling envisages a new fleet of river craft, each seating more than 100 people, to pick up passengers from jetties along the Thames, from Putney to Greenwich. Although some good services are starting to develop, he said the river was 'totally unused'.'I want proper piers, with a 10 to 15 minutes service,' he said. 'All these people who live in places like Fulham or Battersea would welcome the opportunity to transit by the river.' The Telegraph
The German company MAN is expected to table an offer for Swedish competitor Scania this week in a deal that would create Europe's largest lorry producer. MAN's Swedish CEO Hakan Samuelsson is believed to have spent the past few days consulting with Scania's two major shareholders and his own board about the takeover, which is expected to have a price tag of around EU10bn (£6.7bn).The MAN offer for Scania should come as no surprise. The two truckmakers have talked for years about co-operating. Discussions cooled this summer, and since then speculation has been high that the German company was ready to make an offer The Telegraph
The increasing importance of climate change to investors will come under the spotlight today when Lord Adair Turner and former vice-president Al Gore launch the most comprehensive analysis yet of the contribution to global warming of the world's biggest companies.The Carbon Disclosure Project, which is backed by 225 institutional investors speaking for $31,000bn in funds under management, is the fourth of its kind since 2002 and provides the clearest picture so far of the annual CO2 emissions of companies such as Ford, Google, Exxon Mobil and BP, and their strategies for reducing emissions The Telegraph
John Laing, the PFI project and Chiltern Railways business, is expected to accept an £800m takeover bid from fund management group Henderson. The company's shares jumped 20% to 333p on Thursday after news of an approach from an unknown bidder, before falling back to 323.25p on Friday on talk the offer would be pitched at 325p a share. But weekend reports suggested Henderson was offering around 340p a share, which the Laing board was likely to accept.Laing's profits fell 11% in the first half of this year, mainly due to the effects of a the Gerrrards Cross tunnel collapse The Guardian
Most of the world's 500 biggest companies have no targetted programme in place to reduce their emissions of greenhouse gases, despite mounting evidence that the earth is heading towards environmental catastrophe. The most comprehensive study of the environmental behaviour of the world's biggest corporations, by the Carbon Disclosure Project (CDP), found that emissions from these businesses are rising at an alarming rate and most are not acting to tackle the issue The Independent