Ionica set for 625m pounds sterling float to do battle with BT

Article Abstract:

Ionica is set to offer around 20% of its shares through a stock market flotation in New York and London. This will raise 125 million pounds sterling for the company, which is developing a domestic telephone network to compete with British Telecom. It also plans to raise a further 200 million pounds sterling in debt to help expand its network. It currently has 24,000 customers out of the 1.2 million homes which its network passes, and aims to achieve a market share of 5% by 2001.

Telecommunications services industry, Telecommunications industry, Securities, Ionica Ltd.

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Scottish tipped to raise water stakes

Article Abstract:

Southern Electric is facing strong competition from Scottish Power in its efforts to purchase Southern Water. Scottish Power has now put in a higher offer than the 1.6 billion agreed offer put forward by Southern Electric, but City analysts are divided about how far Scottish Power will be prepared to go. Southern Electric has already paid 156 million pounds sterling for a stake of just under 10% in Southern Water.

Management, Water utilities, Scottish Power PLC, Southern Water PLC, Southern Electric PLC

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High stakes in the battle for the world's biggest defence contract

Article Abstract:

Lockheed Martin and Boeing are competing for the contract to build the Joint Strike Fighter. The contract will involve 3,313 aircraft, creating work worth $400 billion over the next 20 years. If the contract is awarded on a 'winner takes all' basis, the loser will be forced to abandon the fighter aircraft sector.

Aircraft, Aircraft Manufacturing, Fighter Aircraft, Contracts, Design and construction, Defense industry, Boeing Co., BA, Lockheed Martin Corp., Fighter planes, LMT

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