Join +750K new investors every month who copy stock picks from billionaire's portfoliosSign Up Free

PRESS DIGEST- British Business - Oct 19

Published 2016-10-18, 08:27 p/m
© Reuters.  PRESS DIGEST- British Business - Oct 19
NWG
-
AABA
-
TSCO
-
BRBY
-
WMH
-
0RYA
-
TSGI
-

Oct 19 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.

The Times

- Tesco's TSCO.L fightback has gained further ground, with industry figures showing that Britain's biggest grocer has won market share for the first time in five years. The Financial Conduct Authority has been told to say when it will publish its delayed report into the abuse of distressed companies by the Royal Bank of Scotland RBS.L . Guardian

- William Hill Plc WMH.L and its Canadian suitor Amaya Inc AYA.TO have ended talks over a potential 4.6 billion pound (C$7.2 billion) merger following opposition from some of the UK bookmakers' major shareholders. Ryanair Holdings Plc RYA.I has said its full-year profits will be lower than expected because of the sharp drop in the value of the pound since the Brexit vote in June. Telegraph

- Internet group Yahoo Inc's YHOO.O profits increased at a healthy pace in the third quarter, defying worries over its enormous data leak scandal which hit the firm last month. The private equity group SVG has succumbed to HarbourVest's advances, after more than a month of rival bids and rows over the price and structure of a deal. News

- The German-owned rail freight company DB Cargo said "unprecedented challenges" facing the industry, such as the declines in steel and coal, meant it was repositioning its business and proposing redundancies - around 30 percent of its UK workforce. Burberry Group Plc BRBY.L had reported a 3 percent fall in group sales in the first three months, having previously warned of a "challenging" market for luxury goods. Independent

- German airline Lufthansa has banned Samsung's Galaxy Note 7 mobile phones from all of its flights with immediate effect. http://ind.pn/2dlWsYA

- Burberry Group Plc BRBY.L returned to growth last quarter, helped by a 125 million pound boost from the falling pound, but its shares slumped as much as 9 percent as concerns about growth in key Asian markets spooked investors. http://ind.pn/2dlWDDe

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.