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Standard & Poor's or S&P Rating Services has lifted its outlook on Tour operator Thomas Cook Group Plc (TCKGY.PK, TCG.L) from Stable to Positive, following a detailed financial review of the Group's progress in implementing its Transformation strategy. S&P's rating of the Group remains unchanged at "B"...

UK-based water utility United Utilities Group Plc's (UU.L, UUGRY.PK) board, after careful consideration, has confirmed to Ofwat that it plans to submit its revised business plan, covering the 2015-20 period, by June 27, 2014. The company said this would enable it to fully consider the detailed feedback...

Drinks giant Diageo Plc (DGE.L, DEO) recorded a 0.3% growth in organic net sales for the nine months ended March 31, 2014. However, nine-month reported net sales slid by 7.4%, due to the adverse currency movements impact and the termination of the distribution deal with Jose Cuervo. For the third quarter,...

RSA Insurance Group Plc. (RSANY.PK, RSA.L, RSA) Thursday said it reached an agreement to sell each of Lietuvos Draudimas AB (Lithuania), AAS Balta (Latvia), the business of the Estonian branch of Codan Forsikring A/S, and Link4 Towarzystwo Ubezpieczen Spolka Akcyjna (Poland) to Powszechny Zaklad Ubezpieczen...

Rémy Cointreau (RCO.PA) reported consolidated sales for the financial year ended 31 March 2014 of 1.03 billion euros, compared to 1.19 billion euros, previous year. Published sales declined 13.5%, while organic decline was 10.7%. The company said the decrease follows four years of strong growth....

French advertising and communications firm Publicis Groupe SA's (PUBGY.PK, PGPEF.PK) first-quarter 2014 consolidated revenue advanced by 2.2% to 1.60 billion euros, from the 1.56 billion euros reported a year back. The exchange rates' impact was 67 million euros, or 4.2% of revenue. Excluding the impact...

French catering and vouchers company Sodexo S.A. (SDXAY.PK) posted 278 million euros of profit attributable to equity holders of the parent in the first half of fiscal 2014, up 17.8% after a negative impact from currency exchange rates. However, it is to be noted that exchange rate fluctuations do not...

Biopharmaceutical company Actelion Ltd. (ALIOF.PK) Thursday said first-quarter net income increased to 128 million Swiss francs from 98 million francs in the previous year. Earnings per share grew to 1.09 francs from 0.85 franc. Core earnings per share totaled 1.46 franc while it was 1.23 franc last...

German business software maker SAP AG (SAP) recorded a 3% growth in first-quarter 2014 profit attributable to owners of parent to 534 million euros, or 0.45 euros per share, from 520 million euros, or 0.44 euros per share, in the year-ago period. However, on a non-IFRS basis, quarterly profit after tax...

Dutch paint maker Akzo Nobel NV (AKZOY.PK, AKZOY) Thursday said profit attributable to shareholders of the company for the first quarter increased to 129 million euros from 89 million euros in the previous year, mainly due to lower financing expenses. Earnings per share from total operations was 0.53...

Online dating platform Zoosk, Inc. has filed with the Securities and Exchange Commission to raise up to $100 million in an initial public offering, a filing showed Wednesday. The company, launched in 2007, has over 26 million members, including around 650,000 subscribers, across 80 countries. According...

RealtyTrac, an online marketplace for foreclosure properties, Thursday said its U.S. Home Equity & Underwater Report for the first quarter showed that 9.1 million U.S. residential properties were seriously underwater. This represents 17 percent of all properties with a mortgage in the quarter. For...

Telecom Italia SpA (TIAOF.PK, TI) said that at its shareholders' meeting held on Wednesday, Giuseppe Recchi was appointed Chairman of the new Board of Directors. A new Board of Directors was appointed at the meeting, comprising 13 directors. They will remain in office for three financial years, until...

Internet giant Yahoo!, Inc.'s (YHOO) revealed in a regulatory filing on Wednesday that President and Chief Executive Officer Marissa Mayer received a 2013 total compensation that was 32 percent lower than last year. Mayer's stock awards plunged 76 percent from 2012, while all other payments increased...

RadioShack Corp. (RSH) is mired in talks with lenders over its plans to close up to 1,100 stores, the Wall Street Journal reported Wednesday, citing people familiar with the talks. According to the report, the delay in the plan is complicating the consumer electronic goods retailer's turnaround efforts...