Shares of Tesco Plc. declined around 9 percent in early morning trading on the London stock exchange after the British supermarket chain warned Friday of lower trading profit for its first half and full-year 2015, citing ongoing challenging trading conditions as well as its continuing investment in customer offer. The company also reduced its interim dividend by 75 percent.
French conglomerate Vivendi SA announced Thursday that it has received two binding offers for its Global Village Telecom or GVT unit in Brazil, from Telecom Italia S.p.A (TI, TIAOF.PK) and Spanish telecom operator Telefonica SA (TDE.L, TEF). Telefonica's new bid for Vivendi's GVT values 7.45 billion euros.
The Financial Conduct Authority or FCA Wednesday announced that it has fined Royal Bank of Scotland Group Plc and its unit National Westminster Bank Plc or NatWest 14.475 million pounds for serious failings in their advised mortgage sales business.
Oil and gas engineering company Petrofac Ltd. (POFCF.PK, POFCY.PK, PFC.L) Tuesday said its first-half profit declined from last year, on decreased revenues. The company reiterated that its revenue and net profit for 2014 are significantly weighted towards the second half of the year.
UK-based advertising giant WPP Plc Tuesday reported higher first-half profit, as revenues rose about 3 percent from last year. On a constant currency basis, revenue was up 11.3 percent, with significant growth in the U.K and North America. The firm also announced a 10 percent increase in interim dividend, and reaffirmed its long-term targets.
Chile-based copper miner Antofagasta Plc. (ANFGY.PK, ANTO.L) Tuesday said first-half profit declined from last year, amid lower revenues and increased costs. Looking ahead, the company backed its production forecast for the year.