India’s Tata Steel landed the winning blow today in the auction of former British Steel company Corus.

A head-to-head bid battle for former British Steel firm Corus is due to get under way today.

Steelmaking firms from India and Brazil are gearing up for the start of a last-ditch bidding war for former British Steel company Corus.

Shares in Corus soared 5% today as investors sat back and enjoyed a dramatic bidding war for the Anglo-Dutch steel company.

The battle for steel group Corus (formerly British Steel) intensified today after Brazilian firm CSN dramatically trumped a takeover offer from Indian rival Tata.

Corus shareholders reaped further rewards today from the dramatic bidding war involving the Anglo-Dutch steel group.

Telecom giant BT today unveiled plans to hire 6,000 workers in India over the next two years.

The biggest steel maker in Russia was today said to have dropped its interest in British-Dutch steel group Corus following last week's bid by Indian firm Tata Steel.

Thousands of UK steel workers were seeking assurances over their jobs tonight after the Corus group agreed to a £4.3bn (€6.42bn) takeover by Indian rival Tata Steel.

British steel maker Corus agreed to a £4.3bn (€6.4) takeover by Indian rival Tata Steel today – ending the UK company’s year-long search for a partner.

A bumper $6.5bn finance package was today reported to have been put together by India’s Tata Steel as it considers a move for Corus.

The FTSE 100 Index closed above the 6000 threshold for the first time since May today buoyed by record levels in the US.

Energy company Viridian – parent of Northern Ireland Electricity – today confirmed it was the subject of takeover interest.

Anglo-Dutch steel-maker Corus, posted a 37% fall in profits today after it was hit by lower selling prices and soaring raw material and energy costs.

Investors in London held their nerve today as momentum seeped back into the markets following the worst month for more than three years.

Fears of rising interest rates in the United States returned to haunt investors as the FTSE 100 Index drifted into the red today.

Strong gains by steel maker Corus were offset by a bout of profit taking as the FTSE 100 Index struggled for direction today.

The London market closed within striking distance of the 6000 mark tonight as steel giant Corus stoked fresh interest in UK stocks.

Telecoms firm Cable & Wireless tonight looked set to have survived demotion from the FTSE 100 Index despite its value plunging by £500m this year.

A flurry of takeover activity boosted optimism in London today as the FTSE 100 Index soared to levels not seen for more than four years.

THE column by former Fianna Fáil adviser Noel Whelan (Irish Examiner, September 15) is typical of the arrogance of that party concerning unionists and loyalists and their total ignorance as regards the situation in Northern Ireland.

UK steel group Corus reported annual profits for the first time today, before warning that trading conditions were set to become more uncertain.

Former British Steel group Corus is to finally break its loss-making mould with much-improved half-year results later this week, analysts said today.

Concerns over the current mood of the UK consumer will be put to the test this week when two of the biggest names in the retail arena – Next and B&Q owner Kingfisher – step forward with figures.

British steelmaker Corus reported a “substantial improvement” in full-year results today after annual losses narrowed to £305m (€453m).

Aberdeen-based independent oil company Ramco saw gas flow from its Seven Heads field off the coast of Cork this weekend.

Steel group Corus look set to part with its aluminium business after seeing full-year losses widen to nearly £500m (€808m).

Companies can be wasting both time and money if they just change their name to re-brand themselves, according to a British marketing expert.

Companies can be wasting both time and money if they just change their name to re-brand themselves, according to a marketing expert.

Corus is due to end weeks of speculation by announcing thousands of job losses hitting several plants across the UK.