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A round-up of headlines from across the financial sectors, provided by Bloomberg News
Property/Builders - Barclays Capital and Permira Advisers agreed to buy retirement home developer McCarthy & Stone for £1.03bn, the biggest takeover of a UK homebuilder. - UK commercial property in June posted the best 12-month return since October 1994, according to Investment Property Databank. - Barratt Developments will build 530 houses valued at as much as £100m to expand Harlow in Essex, it said in a statement today. M&A - Manitowoc and Middleby, which both made approaches for Enodis, were given another month to decide whether to bid for the UK supplier of deep-fat fryers to McDonald's and Burger King. - Warburg Pincus and Cinven are in exclusive talks to buy Casema, the third-largest cable television company in the Netherlands.
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Charting their own course: Indian women in business
Shabnam Khatoon, 21, lives in Khadagpur village, on the fringes of Lucknow. The sole bread winner in a family of eight, Khatoon's years of low-paying domestic jobs came to an end when she trained in jute bag making, candle making and then chikan embroidery. Today Khatoon, who herself employs four other women, has put her younger siblings in school and is saving to buy a home. Neeta Kumar, 39, is experimenting with a concept new to Lucknow, a rural theme park that doubles up as an arts and crafts exhibition ground and market. The park opened in February to enthusiastic response. Rita Mittal, 43, determined not to go the "boutique and beauty parlour way", set up a menthol production and processing unit in 1989 in Lucknow's Chinhat Industrial area. Today she supplies to the Delhi and Mumbai markets, and is working on plans to export her products.