P&O jettisons container work

Ports and ferries group P&O ended its interest in container shipping when it raised £378m from the sale of its stake in Royal P&O Nedlloyd.

Ports and ferries group P&O ended its interest in container shipping when it raised £378m from the sale of its stake in Royal P&O Nedlloyd.

The 25% holding is to be snapped up by AP Moeller-Maersk in a £1·5bn takeover of the world's fourth-largest container-shipping group.

Ross could get taste for pizza

RESTAURANT chain Pizza Express could be led back to the stock market by a co-founder of Carphone Warehouse, it was reported.

David Ross, who helped turn Carphone Warehouse into a major force, is understood to be chewing over an offer to chair Pizza Express and Ask owner Altia Holdings.

Licence windfall for broadcaster

BROADCASTER ITV was offered deep cuts in its licence fee to help it cope with the digital age.

Industry regulator Ofcom is proposing to slash the cost of ITV's dozen licences to less than £80m this year - down from £215m in 2004.

Property group is on target

PROPERTY consultancy Savills said it was on course to meet expectations this year.

The group, which paid staff a £79·4m windfall because of strong results last year, voiced satisfaction with the way 2005 was progressing.

Unkindest cut by electronics boss

THE chief executive of electronics group Sony is under fire for axing jobs in his native south Wales. Staff at its two Bridgend plants were stunned to learn 650 jobs were going.

Million suffer baby blues

ONE million women face being sacked, demoted or bullied in the next few years for having babies.

Research for the Equal Opportunities Commission revealed seven out of 10 pregnant women who were treated unfairly were "suffering in silence".

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