Ship bid gets political

Article Abstract:

The UK Royal Navy is to award a contract worth 500 million pounds sterling for three frigates, and there will be political pressures which could affect the outcome. Vosper Thornycroft (VT) is a UK shipbuilder which has announced job losses if it is not awarded some of the contract. GEC has a shipyard at Yarrow, UK. Yarrow is an area which has tended to support the UK Labor party, and votes are not likely to be won if the order goes to GEC. VT's yard is in Wollston where votes could be won from the award of the contract.

Ship Building and Repairing, Shipbuilding & Repair, Contracts, Vosper Thornycroft, Shipbuilding industry, General Electric Company PLC

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Unipalm: no hang-ups

Article Abstract:

Unipalm has seen a rise in the company's share pricae and has announced that it is negotiating with a potential buyer. The company is 24% owned by its managing director, Peter Dawe, and a 19% stake is held by Bob Williams, previously a director, while 15% is held by 3i, a venture capital company. Possible buyers include Microsoft, Cable and Wireless, and British Telecommunications, though the identity of the potential buyer has not been revealed.

Specialized Telecom Services, Wired Telecommunications Carriers, Mergers, acquisitions and divestments, Telecommunications services industry, Telecommunications industry, Internet services, Unipalm Ltd.

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