London Press

ONE of the companies furthest down the flotation route is high street fashion chain New Look, expected to be valued at about £1.8billion.

LUXURY car dealer HR Owen expects to return to profit in 2010 thanks to cost cuts and improved trading conditions.

Cadbury has been given three more days to prepare a detailed trading update that may become a key part of its defence against a -hostile £10billion bid from US food giant Kraft.

Virgin Money has opened talks with potential private equity partners as it looks to be among the first of a flood of “new entrants” into the financial sector next year as banks are broken up.

Global air travel recovered slightly last month after sharp falls last year, although the industry voiced caution and said that cost-cutting remained crucial.

THE new year will see a rush of companies seeking a stock market listing after the pipeline of flotations virtually dried up in 2009, experts predict.

Industrial landlord Segro yesterday completed its withdrawal from retail property with a near £27million deal with fellow FTSE 100 member British Land.

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