Ifa News Round-Up
BAT signs deal to sell Russia, Belarus businesses
British American Tobacco on Thursday said it had finally signed a deal to sell its Russian and Belarusian businesses to a consortium led by local management.
Bakkavor lifts outlook as China volumes, prices rise
Food company Bakkavor on Wednesday lifted full-year guidance as higher prices and volumes in China helped it post a rise in profit and revenue for the half-year.
Barratt FY profits fall, no buyback as rising mortgage costs bite
UK housebuilder Barratt on Wednesday reported a fall in annual profits, cut its dividend and said there would be no share buyback this year as higher borrowing costs hit mortgage affordability.
Ashmore annual earnings fall due to higher outflows
Ashmore reported a fall in annual profits as assets under management (AuM) declined 13% as customers withdrew their cash amid volatile markets.
Eurozone August output falls at fastest rate in three years
Output in the eurozone during August fell at its fastest rate in three years in August, with services survey data revised downwards from initial estimates and price inflation making a worrying return.
Australia holds interest rates steady for third month in a row
Australia's central bank held rates steady for the third consecutive month as signs that inflationary pressures were easing continued.
PZ Cussons offers to buy out Nigeria minority stake for £23m
Consumer goods firm PZ Cussons has offered to buy out the minority-held shares of PZ Cussons Nigeria (PZCN) for £22. 8m with a plan to de-list the business from the Nigerian stock exchange.
TI Fluid buys Hungary's Cascade for €25.4m
TI Fluid Systems said it had agreed to buy Hungarian firm Cascade Engineering Europe for €25. 4m (£21. 7m) in cash.
Wood Group signs $330m services deal with Harbour Energy
Engineering company Wood Group said it had struck a $330m services agreement with North Sea oil and gas producer Harbour Energy.
Diversified Energy reports higher profits despite weaker prices
Diversified Energy on Friday reported increased half-year profits as its hedging policy and higher production offset weaker oil and gas prices.