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- DaimlerChrysler has announced this morning that it is not planning to sell its Chrysler Group unit.

- Nissan has reported that 2Q net income increased to Y164 bln versus Y125 bln last year due in part to the sale of a stake in truckmaker Nissan Diesal.

- Cap Gemini has offered to buy Kanbay International of the US for $1.25 bln.

- Independent News and Media has launched a bid for APN News and Media, the Australian media group, valuing it at around A$2.7 bln.

- France Telecom had announced that 3Q sales rose by 8.9% after the company bought Spanish mobile phone company Amena.

- Santander Central Hispano has announced that 3Q profit increased by 30% on increased lending in Latin America and cost-cutting at Abbey National.

- Banco Sabadell has announced that 3Q net income has increased by 22% to E169.5 mln on higher lending and fee revenue.

- Aviva has reported that new business increased by 18% in the first nine months of the year to Stg19.1 bln versus Stg16.3 bln last year on increased sales of retirement plans in the UK.

- Royal Dutch Shell has reported that 3Q net profit fell to $5.94 bln from $9 bln last year as lost output in Nigeria restricted growth.

- Airbus has said it will sell 150 A320 jets to Chinese Airlines and will set up a factory in Tianjin to produce the planes.

- Boeing has admitted its new 787 Dreamliner jet is suffering from weight and supplier problems.

- Flight Centre, the Australian travel agency chain, has had an offer by the founder and a buy-out firm to take the firm private in a deal worth A$1.6 bln.

- BAT has announced that 3Q profit advanced to Stg446 mln versus Stg442 mln last year disappointing analysts as growth was hindered by lower sales in Japan and Germany.

- United Biscuits has been bought by private equity firms PAI Partners and Blackstone for Stg1.6 bln.

- Altria has said it will finalise the timing for spinning off its Kraft Foods subsidiary at its board meeting on January 31.

- Ferrenti, the luxury yacht maker, is in a bidding war that could value the company at E1.7 bln.

- PPR, the French retailer, has announced that 3Q sales increased by 5.8% on increased demand for luxury goods.

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This entry was posted on Wednesday, October 25th, 2006 at 14:05 and is filed under Morning Wrap.