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Cyclical Consumer Goods

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UPDATE 3-Wiese misses out as South Africa's Steinhoff and Shoprite scrap merger

* Shares in Shoprite, Steinhoff rebound (Adds comment from Christo Wiese)

11:13pm IST

FTSE steadies after setting 1-month high, Unilever slumps

* Pearson hit by broker target price cut (ADVISORY- Follow European and UK stock markets in real time on the Reuters Live Markets blog on Eikon, see cpurl://apps.cp./cms/?pageId=livemarkets)

10:56pm IST

Peugeot maker PSA told UK it takes pride in not closing plants - minister

LONDON, Feb 20 Britain's business minister said on Monday that executives from Peugeot manufacturer PSA , which is in talks to take over General Motors' European brands, told him last week that PSA took pride in not shutting plants.

10:04pm IST

UPDATE 3-Germany encouraged over Opel jobs, but UK union worries

* PSA Group in talks to buy GM's Opel/Vauxhall brands (Adds UK business minister comments)

9:50pm IST

Italy's TCH Cogeme drops plan to buy Slovenian car parts group

LJUBLJANA, Feb 20 TCH Cogeme, part of Italian investment firm Palladio Holding Group, has dropped a plan to take over Slovenia's car parts maker Cimos as agreed in October, Slovenian investment company Alta, which is representing TCH Cogeme, said on Monday.

9:50pm IST

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