Co-Operative Buys Lloyds Branches, Leapfrogs into Big League
Lloyds Banking Group PLC (LYG) Thursday said it will sell 632 of its retail branches to the Co-Operative Group Ltd (CPBB.LN), sealing a long-awaited deal that will transform the funerals-to-food group into the U.K.'s sixth-largest retail banking business with around 10% of the U.K. market.
Polish Treasury Confirms Sale of PKO BP Shares
Poland's Treasury Ministry has sold a stake in PKO Bank Polski SA (PKO.WA) worth 3.09 billion zlotys, at PLN32.50 a share ($9.54), through an accelerated book building process, the ministry said in a statement Thursday.
Britvic Revenue Falls; Prioritizes Cash, Costs
U.K. soft drinks group Britvic PLC (BVIC.LN), maker of Robinsons, Tango and Fruit Shoot, Thursday posted a fall in third-quarter revenue, blaming a weak consumer environment, poor weather and a recent product recall.
Macquarie Bank Plans 3-Year US Dollar Bond - Source
Macquarie Bank Ltd. is planning to sell a three-year U.S. dollar bond in the near future, a person familiar with the matter told Dow Jones Newswires Thursday.
Sandvik Signs Mining Systems Order Exceeding SEK900 Million
Swedish engineering company Sandvik AB (SAND.SK) Thursday said it has entered an agreement for the delivery of a large materials handling and crushing system for a copper mine with a customer in South America.
Rio Tinto to Cut Costs, Jobs at Australia Coal Mine
Rio Tinto PLC (RIO) expects to cut jobs at a coal mine in Australia's northeastern Queensland state as it seeks to reduce costs after being hit by significantly lower prices for thermal coal, a spokesman for the company said Thursday.
Novartis 2Q Profit Up Slightly, Beats Expectations
Swiss drug maker Novartis AG (NVS) said Thursday its net profit rose slightly in the second quarter, helped by the good performance of its eye care unit and the flagship pharmaceutical division, which helped offset weaker sales of blockbuster drug Diovan, which was hurt by increased generics
TSMC 2Q Net Profit up 16%; Helped by Mobile-Device Demand
Taiwan Semiconductor Manufacturing Co. (TSM) said Thursday its second-quarter net profit rose 16% from a year earlier, driven by demand for its advanced chip production technology thanks to strong demand for smartphones and tablets.
PKN Orlen Sees 2Q 2012 Operating Profit At PLN400 Million
PKN Orlen SA (PKN.WA), Poland's largest refiner, Thursday said in a preliminary earnings estimate that second-quarter operating profit reached about 400 million zlotys ($119 million), 60% lower than in the same period a year earlier.
Akzo Nobel 2Q Net Profit Down 25% Due to Higher Charges
Akzo Nobel NV (AKZA.AE) said Thursday its second quarter revenue was up due to price increases while volumes were down.