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PZ Cussons reports on mixed year of trading
Consumer products group PZ Cussons issued a trading update on Thursday, confirming to the market that performance for the year ended 31 May was in line with expectations.
Essentra issues profit warning
Specialist plastic, fibre and foam maker Essentra issued a profit warning on Thursday, citing a tough market in filter products and short-term operational problems in the US and UK from its healthcare and personal packaging unit.
RPC in £261m deal to buy British Polythene
Plastics firm RPC Group said it had agreed a £261m deal to buy British Polythene Industries.
Glencore agrees to sell further stake in agriculture business
Glencore has agreed to sell a further 9. 99% stake in its agricultural business to Canada Pension Plan Investment Board, Canada’s largest pension fund.
HSBC Brazil sale receives regulatory approval
HSBC’s planned sale of its Brazil business to Bradesco reached a new milestone on Thursday, as the bank announced it has received unanimous approval from the Brazilian Administrative Council for Economic Defence.
Bellway sees 10% rise in full year completions
House builder Bellway said it expected full year completions to rise by at least 10% over the 7,752 achieved in 2015.
Thursday newspaper round-up: JCB, Amazon, house prices
One of Britain’s leading businessmen has told his 6,000 employees in the UK that there is “very little to fear” from leaving the European Union and he is confident that the country can “stand on its own two feet”. In the first such letter from a Brexit supporter to his workforce, Lord Bamford, chairman of JCB, set out the case for leaving the bloc, saying that it was of “diminishing economic importance”. – The Times.
AstraZeneca in $770m deal with Aspen Group
AstraZeneca said it has entered a $770m commercialisation deal with Aspen Global Incorporated (AGI), part of the the US Aspen Group, for rights to its global anaesthetics portfolio outside the US.
London pre-open: FTSE to open lower after China inflation misses forecasts
London’s FTSE 100 is expected to open 20 points lower on Thursday after China inflation slowed more than expected in May.
Vodafone confirms NZ merger with TV operator
Vodafone confirmed local rumours surrounding its New Zealand operation, announcing it was merging with subscription television provider Sky to create an integrated telecommunications and media group.
Home Retail's Argos achieves 2.6% increase in first quarter sales
London’s FTSE 100 is expected to open 23 points lower at 6,278.