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UK retailer Headlam shares drop on lower 2019 pretax profit view

British floor coverings distributor Headlam Group warned on Wednesday that its underlying pretax profit in 2019 would decline because of a weaker residential market and higher costs, sending its shares down as much as 10 percent.
Tags: UK, Money, businessNews, Headlam, Headlam Group


Marketing spending growth hits wall at UK companies on Brexit fears - survey

A six-year run of marketing spending growth at British companies ended in the final quarter of 2018 as uncertainty over Britain's impending exit from the European Union led companies to clamp down on costs, a survey showed on Wednesday.
Tags: UK, Money, European Union, businessNews, Britain, Brexit


Ardian puts Smurf maker Schleich up for sale - sources

Private equity group Ardian is seeking to sell Schleich, the German maker of Smurf figurines as well as plastic animals, dinosaurs, knights and elves, two sources familiar with the deal said on Wednesday.
Tags: Money, businessNews, Ardian, Schleich


Danish freight firm DSV makes $4 billion play for Panalpina

Denmark's DSV has made a $4.1 billion takeover approach to Swiss rival Panalpina to try to close the gap on the world's top three freight transport companies.
Tags: Money, businessNews, Denmark, Panalpina, DSV


London's blue chip stocks fall as pound weighs after Brexit vote defeat

Britain's blue chip stocks were lower in early deals as the stronger pound pushed multinationals lower after Prime Minister Theresa May's deal to leave the European Union suffered an overwhelming defeat and weak results from Pearson weighed.
Tags: London, Money, European Union, businessNews, Britain, Theresa May, Pearson, Brexit


China central bank's record $83 billion injection heightens worries over ailing economy

China's central bank injected a record $83 billion into the country's financial system on Wednesday, seeking to avoid a cash crunch that would put further pressure on the weakening economy.
Tags: Money, China, businessNews


Tullow Oil hit by payment delay, but sees higher output

A delay in receiving payment from the sale of a stake in Ugandan oilfields caused Tullow Oil to miss cash flow and debt forecasts on Wednesday, although the firm said it expected to receive the money soon and also forecast higher production.
Tags: Money, businessNews, Tullow Oil


Bovis Homes sees full-year profit slightly above market view

British builder Bovis Homes Group said on Wednesday it expects full-year profit to be ahead of the market consensus, as it sold more private and affordable homes and benefited from slightly higher average selling prices.
Tags: Money, businessNews, Bovis Homes, Bovis Homes Group


Sears chairman prevails in bankruptcy auction for retailer with $5.2 billion bid - sources

Sears Holdings Corp Chairman Eddie Lampert prevailed in a bankruptcy auction for the U.S. department store chain with an improved takeover bid of roughly $5.2 billion, allowing the 126-year-old retailer to keep its doors open, people familiar with the matter said Wednesday.
Tags: Money, businessNews, Sears, Sears Holdings Corp, Eddie Lampert, U S department store chain


Pearson says cost cuts to boost savings, sees lower FY profit

British education publisher Pearson said on Wednesday it expects higher savings from its cost cutting plan, while forecasting a decline in adjusted operating profit for 2018.
Tags: Money, businessNews, Pearson


Secure Trust to halt new residential mortgages as housing market cools

Secure Trust Bank Plc said on Wednesday that it would look to stop taking on new residential mortgages in the face of stiff competition and a cooling housing market in Britain.
Tags: Money, businessNews, Secure Trust Bank Plc


Diploma names ex-Compass Group finance director as CEO

Technical products and services provider Diploma Plc on Wednesday named Johnny Thomson, former finance chief at FTSE 100 firm Compass Group Plc, as its new chief executive officer.
Tags: Money, businessNews, Compass Group plc, Compass Group, Diploma PLC, Johnny Thomson


Reckitt Benckiser CEO Kapoor to retire by end of 2019

British consumer goods maker Reckitt Benckiser Group Plc said on Wednesday Chief Executive Officer Rakesh Kapoor would retire by the end of 2019 after more than eight years at the helm and more than three decades with the company.
Tags: Money, businessNews, Reckitt Benckiser, Kapoor, Rakesh Kapoor, Reckitt Benckiser Group Plc


Chevron, Total and Reliance join oil blockchain platform Vakt

Oil majors Chevron and Total, along with major Indian refiner Reliance Industries, have joined the blockchain-based platform Vakt, London-based Vakt said on Tuesday.
Tags: Money, businessNews, Chevron, Reliance, Reliance Industries, Vakt, Vakt London


China tells pig farms to restock amid worries over pork supply, swine fever

China's pig farmers should quickly replenish their herds and the nation plans to buy more pork for its reserves, a government official said, in steps to curb price rises expected to bite later this year in the wake of African swine fever outbreaks.
Tags: Money, China, businessNews


Danish freight firm DSV floats $4 billion bid for Panalpina

Danish freight company DSV has launched a bid to buy Swiss rival Panalpina for around 4 billion Swiss francs ($4.1 billion) after pressure from an activist investor for Panalpina to do a deal.
Tags: Money, businessNews, Panalpina


Oil firm as supply cuts point to tighter market despite weakening economy

Oil prices firmed on Wednesday after climbing about 3 percent in the previous session as expectations that OPEC-led supply cuts will tighten markets despite signs of a global economic slowdown.
Tags: Money, Opec, businessNews


India's soymeal sales to Iran surge to offset rupees-for-oil imbalance

India's soymeal sales to Iran are set to spike as the oil producer uses the rupees it receives for its crude exports to cover its animal feed demand amid U.S. sanctions that have crimped the country's ability to import necessities.
Tags: Money, India, Iran, businessNews


Reckitt Benckiser's Rakesh Kapoor to retire as CEO by end of 2019

British consumer goods maker Reckitt Benckiser Group Plc said on Wednesday Chief Executive Officer Rakesh Kapoor would retire by the end of 2019, after more than eight years at the helm and more than three decades with the company.
Tags: Money, businessNews, Reckitt Benckiser, Rakesh Kapoor, Reckitt Benckiser Group Plc


Muted open seen for Britain's FTSE 100 after PM May's Brexit deal crush

Britain's top share index was expected to have a muted start on Wednesday, edging slightly up after lawmakers defeated Prime Minister Theresa May's deal to leave the European Union by a crushing margin, deepening market uncertainty.
Tags: Money, European Union, businessNews, Britain, Theresa May


Oil holds ground as OPEC-led supply cuts keep tighter market hopes alive

Oil prices were steady on Wednesday after climbing about 3 percent in the previous session as expectations that OPEC-led supply cuts can tighten market fundamentals offset signs of a global economic slowdown.
Tags: Money, Opec, businessNews


Etihad offers to invest in Jet Airways at 49 pct discount - report

Etihad Airways has offered to pick up shares of debt-laden Jet Airways Ltd at a 49 percent discount and to immediately release $35 million to bail out the troubled carrier if certain conditions are met, CNBC-TV18 reported.
Tags: Money, businessNews, Etihad, Cnbc, Jet Airways, Etihad Airways, Jet Airways Ltd


European car sales drop 8.7 percent in December - ACEA

European car registrations fell 8.7 percent year-on-year in December, with sales at all major carmakers except Daimler and Jaguar Land Rover contracting as the introduction of tougher new emissions tests continued to weigh on demand.
Tags: Money, businessNews, Jaguar Land Rover, Daimler, ACEA


Denmark's DSV floats roughly $4 billion bid for Switzerland's Panalpina

Denmark's DSV launched a bid to buy Swiss logistics company Panalpina for around 4 billion Swiss francs ($4.05 billion), according to Reuters calculations, after pressure from an activist investor for Panalpina to do a deal.
Tags: Money, businessNews, Switzerland, Denmark, Reuters, Panalpina


Exclusive: BJP wants expansionary economic policy ahead of general election

Prime Minister Narendra Modi's ruling party is in favour of an expansionary economic policy and does not consider the government's plan to keep the fiscal deficit to 3.3 percent of GDP as "sacrosanct", a party spokesman told Reuters.
Tags: Money, BJP, Narendra Modi, businessNews


Reckitt Benckiser CEO to retire by end of 2019

British consumer goods maker Reckitt Benckiser Group Plc said on Wednesday Chief Executive Officer Rakesh Kapoor would retire by the end of 2019, after more than eight years at the helm and more than three decades with the company.
Tags: Money, businessNews, Reckitt Benckiser, Rakesh Kapoor, Reckitt Benckiser Group Plc


Eurotunnel: taking steps so that any 'no-deal' Brexit has minimal impact

Channel Tunnel operator Eurotunnel said it was taking steps to ensure that any 'no-deal' Brexit would have minimal impact on its transport network.
Tags: Money, businessNews, Channel Tunnel, Eurotunnel, Brexit


Global Markets: Global shares weather May's Brexit debacle, pound steadies

Global share markets and the sterling weathered a UK political storm as investors wagered that London will have no choice but to delay its Brexit deadline to avoid a disorderly exit from the European Union.
Tags: UK, London, Money, businessNews, Brexit


Brexit deal defeat makes "softer, later" exit more likely - Goldman Sachs

A vote in Britain's parliament on Tuesday crushing Prime Minister May's deal to leave the European Union has made a softer, later Brexit, or even no Brexit at all, slightly more likely, Goldman Sachs said on Wednesday.
Tags: Money, European Union, businessNews, Britain, Goldman Sachs, Brexit


Loan growth, higher margins boost Emirates NBD fourth quarter net profit

Emirates NBD, Dubai's largest bank, on Wednesday reported a 10 percent rise in fourth-quarter net profit as loan growth and improved margins offset lower income from investment securities and higher expenses.
Tags: Money, businessNews, Emirates NBD, Emirates NBD Dubai



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