Co-Operating Buys Lloyds Branches, Leaps into Big League
The Co-Operative Group (CPBB.LN) said Thursday it will acquire 632 retail bank branches from Lloyds Banking Group PLC (LYG), sealing a long-awaited deal that will transform the funerals-to-food group into the U.K.'s sixth-largest retail banking business.
Veolia Sells US Assets, As Part Of Planned Disposals
Veolia Environnement SA (VE) has sold its U.S. waste business for 1.91 billion dollars to Star Atlantic Waste Holdings LP, making another significant step towards its planned streamlining and transformation to address its deteriorated profitability and cut its substantial debt, after the sale of
Rio Tinto to Cut Australia Coal Jobs After Fall in Price
Rio Tinto PLC (RIO) said Thursday it expects to cut an unspecified number of jobs at one of its coal mines in northeastern Australia as it seeks ways to offset a slump in prices for thermal coal.
PKN Orlen Sees Operating Profit Down as Falling Crude Prices Weigh
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, as falling crude prices led the company to revalue its mandatory
Siam Cement Plans to Spend About THB200 Billion During 2013-2017 -President
Siam Cement PCL (SCC.TH) plans to spend big buying up Asean-based petrochemical, cement and construction-materials companies as it eyes opportunities in the introduction of the region's common market in 2015, it said Thursday.
BSkyB Buys Back 30,000 Shares for Cancellation
British Sky Broadcasting Group PLC, or BSkyB, (BSY.LN) Thursday said it purchased 30,000 ordinary shares, for cancellation, at a volume weighted average price of 695.0232 pence per share on July 18.
Vodafone Buys Back 6.6 Million Shares for Treasury/184.1164P
Vodafone Group PLC (VOD.LN) said Thursday it bought 6.6 million shares to hold in treasury at a volume weighted average price per share of 184.1164 pence.
JG Summit Considering Refinancing $300 Million Bond Due January 2013
Philippine conglomerate JG Summit Holdings Inc. (JGS.PH) is considering refinancing a $300 million, seven-year bond due in January.
French Government To Meet With Green Lobbies Over Shale Gas - Report
The French government is seeking to meet discreetly with several environmentalist lobbies on July 24 to discuss the potential restart of shale gas exploration, French radio Europe 1 reports Thursday, without citing sources.
Novartis Banks On New Drugs To Offset Generics Pressure
Novartis AG (NVS) said Thursday that growth in newly launched drugs more than offset weaker sales of its best-selling product Diovan, which was hurt by increased generic competition, highlighting how the Swiss drug maker is banking on pipeline innovation for its future.