Michele Maatouk
Wednesday newspaper round-up: Avon, AstraZeneca, Google
The owner of the beauty brand Avon in the UK, Europe and Latin America has filed for bankruptcy as it tries to off-load more than $1bn of debt, including millions of dollars in liabilities linked to lawsuits alleging that talc in its products caused cance...
2 months ago
Inflation rises for first time since December
According to figures released on Wednesday by the Office for National Statistics, CPI rose by 2.2%, up from 2% in June and May but coming in below expectations of 2.3%. It is now back above the Bank of England’s 2% target.The ONS said the largest upward c...
2 months ago
London pre-open: Stocks seen up as investors mull UK CPI
The FTSE 100 was called to open around 23 points higher.Data released earlier by the Office for National Statistics showed that consumer price inflation rose in July for the first time since last December, albeit less than expected.CPI rose by 2.2%, up fr...
2 months ago
London open: Stocks gain after UK inflation data; Flutter surges
At 0850 BST, the FTSE 100 was up 0.5% at 8,279.44, while sterling was down 0.1% against the dollar at 1.2844.Data released earlier by the Office for National Statistics showed that consumer price inflation rose in July for the first time since December, b...
2 months ago
Distil exploring funding options, downgrades FY outlook
The AIM-listed premium drinks firm said revenues fell 55% in the four months from April to July to £204,000.Executive chairman Don Goulding, said: "The business had anticipated lower sales in the first four months of the year due to phasing trends, howeve...
2 months ago
Flutter in talks to buy Playtech’s Italian unit - report
According to Sky News, Flutter is in discussions to buy Snaitech, one of Italy's biggest gambling companies.Sky said it was unclear on Wednesday how advanced the talks were, but one source suggested that they were sufficiently detailed that Playtech would...
2 months ago
London midday: Stocks maintain gains after UK inflation; Playtech surges
The FTSE 100 was up 0.4% at 8,264.11, while sterling was down 0.2% against the dollar at 1.2843.Figures released earlier by the Office for National Statistics showed that consumer price inflation rose in July for the first time since December, but less th...
2 months ago
Playtech in talks to sell Italian unit Snaitech to Flutter, shares surge
It said Flutter has been granted a period of exclusivity to complete due diligence and finalise the necessary transaction documentation.Playtech said there can be no certainty that any transaction will ultimately be agreed, nor as to the terms.Further ann...
2 months ago
Mars to buy Pringles maker Kellanova in $35.9bn deal
Under the terms of the transaction, Mars will pay $83.50 per share in cash.All of Kellanova’s brands, assets and operations, including its snacking brands, portfolio of international cereal and noodles, North American plant-based foods and frozen breakfas...
2 months ago
FTSE 100 movers: Flutter surges on guidance upgrade; housebuilders gain
Flutter Entertainment surged to the top of the index, having said late on Tuesday that it was lifting full-year guidance after a better-than-expected second-quarter performance.The company now expects US revenue of between $6.05bn and $6.35bn and adjusted...
2 months ago
London pre-open: Stocks seen up as investors mull GDP data
The FTSE 100 was called to open around 45 points higher.Data released earlier by the Office for National Statistics showed that the economy grew 0.6% in the second quarter, down slightly on 0.7% growth in the first quarter but in line with expectations.Th...
2 months ago
Thursday newspaper round-up: Wiz, Port Talbot, John Lewis
Uncertainty over the future of Tata Steel in south Wales is already causing job losses in the broader industry, the Welsh secretary has warned, as the government scrambles to reduce the toll of redundancies in Port Talbot. Speaking on Wednesday ahead of a...
2 months ago
UK economy grows 0.6% in second quarter
The figures also revealed that on a monthly basis, the economy showed no growth in June, as expected.Liz McKeown, director of economic statistics at the ONS, said: "The UK economy has now grown strongly for two quarters, following the weakness we saw in t...
2 months ago
London open: FTSE nudges up as investors mull UK GDP
At 0845 BST, the FTSE 100 was up 0.1% at 8,291.42.Figures released earlier by the Office for National Statistics showed the economy grew 0.6% in Q2, down slightly on 0.7% growth in the first quarter but in line with expectations.The figures also revealed...
2 months ago