British manufacturing growth eased further in August to its lowest level in 14 months as output and demand increased at slower rates, survey results from Markit Economics showed Monday. The Markit/CIPS Purchasing Managers' Index dropped to 52.5 from a revised 54.8 in July. Economists had expected the score to fall to 55.1 from July's original figure of 55.4.
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.