Dec 23 Rezidor Hotel Group Ab
* Rezidor exits six leased hotel contracts in the UK and capitalizes previously unrecognized tax losses
* Says in 2016, we have successfully completed 15 such transactions. Over the past 5 years, our asset management initiatives targeting a continuous portfolio optimization have yielded 17M EBITDA contribution and 1.8 percent uplift in EBITDA margin
* Rezidor says exits will positively impact Rezidor's annual EBITDA by ca. £1.5m (ca. Eur 1.8m)
* Says total amount of tax losses recognized amounts to EUR 23.8 million. Going forward this should lead to a more normalized tax rate for the group Source text for Eikon: Further company coverage: (Reporting by Stockholm Newsroom)
UPDATE 2-British supermarket chain Tesco to cut 1,200 head office jobs
LONDON, June 28 Tesco, Britain's biggest supermarket group, will cut 1,200 jobs at its head office to simplify its operations, a spokesman said on Wednesday.