Black Friday is Now! Don’t miss out on up to 60% OFF InvestingProCLAIM SALE

PRESS DIGEST- British Business - Aug 26

Published 26/08/2015, 10:14 am
© Reuters.  PRESS DIGEST- British Business - Aug 26
ZURN
-
WPP
-
BHPB
-
RSAl
-
RTHM
-
FJET
-
PLND
-
S32
-

Aug 26 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.

The Times

* BHP Billiton Plc BLT.L , in its first results since spinning off its less-favoured mines and plants into a company called South32 Ltd S32.AX , revealed its sharpest fall in annual profit in more than a decade, down by 62 percent to 8.7 billion pounds ($13.65 billion). (http://thetim.es/1Lzb6pD)

* Stephen Hester would almost certainly resign as chief executive of RSA Insurance Group Plc RSA.L if the country's biggest commercial insurer agrees to a 5.6 billion pound takeover by Zurich Insurance Group AG ZURN.VX . (http://thetim.es/1Ie0tB4)

The Guardian

* BBC Director General Tony Hall has warned that further cuts to the corporation's funding and remit could result in more than 30,000 job losses across the TV industry. (http://bit.ly/1JY6hGa)

* The competition watchdog has provisionally cleared Poundland Group Plc's PLND.L 55 million pound takeover of its rival single-price retailer, 99p Stores, arguing that there are enough value chains vying for customers to allow the deal. (http://bit.ly/1MKv3bV)

The Telegraph

* The chief executive of Blinkx Plc BLNX.L has suffered a major shareholder rebellion just a day after the company's shares slumped on a profits warning. (http://bit.ly/1hEZcyb)

* Fastjet Plc FJET.L , the budget airline that aspires to become a pan-African carrier, has passed a major milestone and struck a deal to buy its first plane. (http://bit.ly/1Pxcln4)

Sky News

* A long-term "impairment" in China's growth rates would have "very significant implications" for the global economy, according to Martin Sorrell, chief executive of WPP Plc WPP.L (http://bit.ly/1JYi6fE).

($1 = 0.6373 pounds)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.