Edition:
India

Justin George Varghese

British manager Woodford's flagship fund to remain suspended

02 Jul 2019

LONDON British fund manager Neil Woodford will keep his flagship 3.7 billion pound fund frozen for a second month running, leaving hundreds of thousands of small savers without access to their money.

WPP in exclusive talks to sell Kantar stake to Bain Capital

02 Jul 2019

WPP is in exclusive talks to sell a majority stake in its data analytics unit Kantar to private equity firm Bain Capital, it said on Monday, in a $4 billion deal aimed at steering the world's biggest advertising company back to growth.

UPDATE 2-British manager Woodford's flagship fund to remain suspended

02 Jul 2019

LONDON, July 1 British fund manager Neil Woodford will keep his flagship 3.7 billion pound ($4.7 billion) fund frozen for a second month running, leaving hundreds of thousands of small savers without access to their money.

France's Orange raises $616 million with sale of its BT stake

28 Jun 2019

PARIS French telecom giant Orange said it had sold its remaining 2.5% stake in BT, raising net proceeds of 486 million pounds ($616 million) as the former state monopoly faces a battle for market share in France. .

France's Orange to sell remaining stake in BT

28 Jun 2019

BT Group said on Thursday its third-biggest investor Orange would sell its remaining 2.5% stake, valued at over $600 million, in the former British telecoms monopoly.

UPDATE 2-France's Orange to sell remaining stake in Britain's BT

28 Jun 2019

* Orange stake worth 493 mln pounds or 550 mln euros (Recasts, adds context on BT revamp, Orange's recent performance)

Lookers shares hit seven-year low as watchdog probes sales practices

25 Jun 2019

Shares in Lookers Plc slid to their lowest in over seven years on Tuesday after the car dealership said Britain's financial watchdog is investigating its sales processes over the last three years.

UPDATE 2-Lookers shares hit 7-year low as watchdog probes sales practices

25 Jun 2019

June 25 Shares in Lookers Plc slid to their lowest in over seven years on Tuesday after the car dealership said Britain's financial watchdog is investigating its sales processes over the last three years.

HSBC opens in Apple's home town, plans 50 new U.S. branches

17 Jun 2019

The U.S. arm of HSBC Holdings Plc announced plans on Monday to expand its branch network by around a quarter as it opened a new location in Apple Inc's home town of Cupertino, California.

Kier to sell housing businesses, cut 1,200 jobs and suspend dividend

17 Jun 2019

LONDON Kier Group will sell its housebuilding and property businesses, cut about 1,200 jobs and suspend its dividend for at least two years in a radical overhaul designed to lower debt and stabilize the business.

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