Business briefs: Vodafone | Bright Purple | Kvaerner
Buying CWW, which has issued a string of profit warnings since it split from the former Cable & Wireless entity in March 2010, would give Vodafone fixed lines that could relieve pressure on its wireless network and strengthen its position in the corporate telecoms sector.
“CWW confirms that advanced discussions with Vodafone are on-going with a view to establishing whether or not they might result in a formal offer which the board of Cable&Wireless Worldwide would be willing to recommend,” CWW said yesterday, minutes before an original 4pm deadline for Vodafone to submit a bid or walk away.
Bright Purple’s first contract in India
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Hide AdBRIGHT Purple Resourcing, the fast-growing recruitment firm, has won its first contract in India as the Edinburgh-based outfit continues to push ahead with its overseas expansion.
Chief executive Nick Price said the deal could open doors for further work in India. He added that the work marked a turning point for Bright Purple, which has often recruited staff from India but is now putting workers back into the market.
News of the deal came as banking giant Barclays said it would introduce Bright Purple to potential overseas clients.
Kvaerner wins $1bn Shell onshore deal
Norwegian oil services firm Kvaerner yesterday unveiled a $1 billion (£623 million), six-year onshore services contract from Royal Dutch Shell.
The deal, which includes an option for an additional period of up to four years, is for engineering, procurement, construction and management for modifications and projects at the Ormen Lange/Nyhamna onshore facilities on the west coast of Norway.