Ladbrokes makes approach for Sportingbet

British bookmaker Ladbrokes has made a preliminary takeover approach for rival Sportingbet , sending Sportingbet's shares surging higher. "Further to recent press speculation, the board of Sportingbet announces that it has received

Fed, euro zone crisis depress demand for risk

Investors reacted with caution on Thursday to a relatively downbeat outlook from the U.S. Federal Reserve, sending world stocks lower and boosting the dollar in a search for safety. Europe's debt crisis

Abertis eyes Spain airports over Greece, Portugal

Spanish infrastructure firm Abertis will focus on airport privatisations at home before considering assets coming on the block in debt-ridden economies like Portugal and Greece, its chief executive said. Abertis operates tollways

Germany plays down talk of tax cuts

The German government on Wednesday played down reports that tax cuts, one of the main platforms of Chancellor Angela Merkel's allies, were back on the agenda after being shelved because of the

G20 farm ministers tussle over trading rules

G20 agriculture ministers considered French proposals to tighten regulation of commodity markets and set up emergency reserves as they gathered on Wednesday for a first-ever summit that aims to tackle rising food