British bank CYBG said it would take another 150 million pound ($193 million) charge related to an industry-wide scandal over mis-sold insurance policies, helping to send its shares down as much as 10 percent on Tuesday.
British telecoms watchdog Ofcom has fined EE and Virgin Media a combined 13.3 million pounds ($17 million) for overcharging some phone and broadband customers who ended contracts early.
* Virgin Media to appeal against Ofcom ruling
(Adds response from Virgin Media and EE)
Diageo Plc is selling 19 lower-end spirits brands including Seagrams VO Canadian whisky and Goldschlager cinnamon schnapps to U.S.-based Sazerac for $550 million, as it focuses on its premium labels such as Johnnie Walker in the United States. | Video
Nov 8 Qatar's bourse gained sharply and
recovered some of its losses from the last two sessions, while
the Oman index registered its best day in nearly two months as
telecom and bank stocks gained. Other Gulf markets were mixed.
Nov 7 The Qatar stock index fell for a second
consecutive session, bogged down by banks and profit-taking,
while Egypt's blue-chip index extended gains on institutional
Mother and baby products chain Mothercare Plc has told about 200 employees their jobs will be terminated as part of a restructuring, the struggling British-based retailer said on Wednesday.
Oct 31 Mother and baby products chain Mothercare
Plc has told about 200 employees their jobs will be
terminated as part of a restructuring, the struggling
British-based retailer said on Wednesday.
* Saudi's Tasnee drops on operational delay for titanium
* Recent events in Saudi unlikely to derail upgrade of stock
market - note