Standard Chartered chairman to stay on |
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| Economy | |
| Written by Gary Howes and Sharecast | |
| Thursday, 02 July 2009 | |
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Morning Business News, Thursday 02 July: Standard Chartered, Vodafone, and RBS.
John Peace has been confirmed as permanent chairman of Standard Chartered (LON:STAN). Vodafone T-MobileThe prospect of a bidding war for T-Mobile UK was looming on Wednesday night after it emerged that Telefonica is looking at the case for buying Britain’s fourth largest mobile phone operator. Spain’s leading telecoms company has been spurred into action partly by the possibility that O2, its UK mobile business, could lose its top position in the British market if Vodafone purchases T-Mobile UK, says the FT. The Independent writes that Vodafone (LON:VOD), the world's largest mobile phone company, has intensified its efforts to take back its home UK market after ending a three-year exile from Carphone Warehouse stores. Carphone is set to offer Vodafone's contracts throughout its network of 820 shops from next week, the first time since the operator signed an exclusive deal with Carphone rival Phones4U in October 2006. RBSRoyal Bank of Scotland (LON:RBS), which is 70 per cent owned by the taxpayer, has moved closer to selling its Asian businesses after two suitors emerged as front-runners to secure a deal. Standard Chartered and Australia & New Zealand Banking Group (ANZ) are closing in on a deal to split RBS's retail and commercial banking divisions in Asia. HSBC is also understood to be still in involved in the process, reports the Independent.
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