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€95 million to improve Corridor X rail infrastructure 27/01/2012 08:44 (13:32 minutes ago)
The FINANCIAL -- The EBRD is
continuing to support the modernisation of Serbia’s transport
infrastructure and promote further reform of the rail sector with a
sovereign-guaranteed loan of up to €95 million to Joint Stock Company
Serbian Railways, according to The EBRD. The investment will finance the rehabilitation of key sections of
Corridor X, the main north-south route running through Serbia, which is
also the country’s key regional link with its neighbours.
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The FINANCIAL -- Bank of America
Chief Executive Friday reiterated he doesn't think the
bank needs to make new acquisitions, according to London Stock Exchange.
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The FINANCIAL -- The head of
Italian banking giant Intesa Sanpaolo SpA Friday forecast a
narrowing of the spread between Italian state bonds and the German Bund
in the medium term as reforms enacted by the technocratic government
gradually rebuild investor confidence, according to London Stock Exchange.
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The FINANCIAL -- Ratings
company Standard and Poor's Corp., said Friday that while it continues
to factor into its ratings on systemically important U.K. banks the
likelihood of government support, legislative changes in the U.K.
banking system may carry broad implications for the ratings on banks
over the medium-to-long term, according to London Stock Exchange.
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The FINANCIAL -- James Murdoch
won't stand for reelection to GlaxoSmithKline PLC's board at the
pharmaceutical group's annual shareholder meeting in May so that he can
focus on his work at British Sky Broadcasting Group PLC and
News, Britain's biggest drug maker said Friday,according to Borsa Italiana - London Stock Exchange Group.
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The FINANCIAL -- Unicredit SpA's EUR7.5 billion capital
increase has drawn strong demand from both retail and institutional
investors, a person familiar with the situation said Friday,according to Borsa Italiana - London Stock Exchange Group.
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The FINANCIAL -- Hoteliers in Liverpool are
backing an initiative for all hotels in the city to offer free Wi-Fi
for guests in bedrooms, according to Caterer and Hotelkeeper.
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The FINANCIAL -- Mint
and Mustard, one of Wales's leading Indian restaurants, has appointed
Pramod Nair as executive chef, according to Caterer and Hotelkeeper.
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The FINANCIAL -- The search is
on for the 2012 winner of the Olive Barnett Award, presented to dynamic
young front-of-house staff, according to Caterer and Hotelkeeper.
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The FINANCIAL -- London-based pub company and brewer Fuller, Smith & Turner has
recorded a 5.1% rise in like-for-like sales among managed pubs and
hotels in the nine weeks to 21 January,according to Caterer and Hotelkeeper.
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