Business News In Brief: OFT set to announce Travis Perkins' takeover decision
The Office of Fair Trading (OFT) will announce if it has approved Travis Perkins's £558m takeover of builders' merchants BSS on Tuesday.
Travis had expected the go-ahead last month, but OFT delayed to scrutinise some potential competition issues. The OFT fined FTSE-100 group Reckitt Benckiser £10.2m last week for anti-competitive behaviour related to the supply of Gaviscon to the NHS. The fine was reduced from £12m after it admitted fault.
BAA to seek more time to sell airports
Heathrow-owner BAA will ask the Competition Commission to give it more time to sell Stansted and Glasgow or Edinburgh airports if it is unsuccessful in its appeal against a break-up. BAA hopes to go to the Supreme Court in a final attempt to stop the forced sale of the airports. When the commission made its initial decision in 2009, it gave BAA a two-year timetable, but the operator will argue that the economy will not allow it to get fair prices.
Camera-maker Canon to open media consultancy
Canon has branched out into services with a new consultancy arm to help companies streamline their handling of information, images and other media assets. The Japanese camera-maker said last week that it has signed a four-year deal with Accenture to break into the European business process re-engineering market, which it estimates is worth £8.4bn. The new consultancy has permission to recommend products made by other manufacturers.
Subscribe to Independent Premium to bookmark this article
Want to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies