The announcement comes at a time when falling steel prices are having a negative affect on profits making it vital that companies try and gain an international presence. ThyssenKrupp is said to have ruled out any merger plans and only wants to proceed with joint ventures, with the US being its prime target. Monday 05 February Ford to announce Welsh investment. Following months of uncertainty in the UK's car industry, the BBC reports that Ford are to announce a 240m investment in their Bridgend factory in South Wales. The plant will produce the new Jaguar V6 engines that will be in the new jaguar small sports car being produced to compete with the BMW 3 series.
Bridge announces debt reduction plan.
Bridge Information Systems, the US financial news and market data company announced yesterday that it will file for Chapter 11 bankruptcy protection in reply to one of their creditors, Highland Capital Managements filing of an involuntary bankruptcy petition on Thursday that could have pushed Bridge into liquidation. Halifax to announce 1bn lifeline for Equitable. The Halifax will announce today a 1bn package that will see it takeover the assets of Equitable Life, the struggling pensions group. The Times reports that the deal involves the Halifax paying 500m for Equitable's asset management business, administration systems and sales force and a further 500m being injected into their with-profits fund if targets are met.