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Henderson swings to net outflows, though AUM improves
Henderson Group published its full year results for the year to 31 December on Thursday, with assets under management at year-end up 10% to £101. 0bn.
Pennon performs in line despite Viridor challenges
Environmental infrastructure group Pennon issued a trading update on Thursday, confirming it will deliver trading performance consistent with the board’s expectations and prior guidance.
RPC Group invests in US growth with £511m Letica acquisition and rights issue
RPC Group is to buy US plastics manufacturer Letica Group for up to £511m ($640m), the latest acquisition for the plastics engineering firm as it bids to expand in its reach outside Europe.
BHP Billiton to spend $2.2bn on next phase of Mad Dog
BHP Billiton announced on Wednesday that its board had approved expenditure of $2. 2bn for its share of the development of the Mad Dog Phase 2 project in the Gulf of Mexico.
Aviva offloads stake in life insurance joint venture
Aviva is selling its 50% stake in life insurance joint venture Antarius to French bank Société Générale, for £425m (€500m).
Tate & Lyle sees FY better than expected after solid Q3
Tate & Lyle said on Thursday that it now expects full-year trading to be modestly ahead of its previous expectations following a solid performance in the third quarter.
Smith & Nephew creaks to full year targets thanks to US growth
Smith & Nephew reported full year sales and earnings in line with consensus forecasts as growth from the US and most emerging markets struggled to offset weakness in China and flat markets elsewhere.
London pre-open: Stocks seen a little higher, with Brexit in focus
London stocks were expected to open a little higher on Thursday after the House of Commons gave Prime Minister Theresa May the green light to formally begin the Brexit process.
Thursday newspaper round-up: Waitrose, Greece, Brexit, energy suppliers
Waitrose is planning to close six stores and remove a level of management in its supermarkets, putting 600 jobs at risk. The upmarket grocer began consulting with staff at the six stores – in Hertford, Staines, Leek, Huntingdon, Cardiff Queen Street and Palmers Green in north London – on Monday ahead of planned closures later this year. The company said it hoped to replace the Palmers Green store with a new outlet in nearby Winchmore Hill. – Guardian.