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PRESS DIGEST- British Business - March 7

Wed, 07th Mar 2018 01:18

March 7 - The following are the top stories on the businesspages of British newspapers. Reuters has not verified thesestories and does not vouch for their accuracy.

The Times

- Melrose Industries Plc is facing fierce pressureto reveal legally binding commitments to protect jobs and investin research and development if it succeeds in its hostiletakeover of GKN Plc, the aerospace and automotive group.http://bit.ly/2FsU7rY

- BSG Resources Ltd, a mining company controlled by BenySteinmetz, the Israeli diamond tycoon, was placed inadministration on Tuesday amid an escalating legal dispute overallegations that it engaged in bribery linked with a miningproject in west Africa. http://bit.ly/2FuE5h5

The Guardian

- Retailer Debenhams Plc is in talks to rent floorspace to flexible-office provider WeWork, as it looks to scaleback its high street presence. http://bit.ly/2Fr7MQr

- Chancellor Philip Hammond will insist on Wednesday thatBritain can overcome EU opposition and include financialservices in a post-Brexit free trade deal. http://bit.ly/2FySyZL

The Telegraph

- Procter & Gamble Co is stepping up efforts to "takeback control" from advertising agencies by investing more ininternal analytics programmes – a move which will spell furthertrouble for ad giants WPP Plc and Publicis Groupe SA. http://bit.ly/2Ftd4KZ

- Eurozone members have hit back at French plans for greatereconomic union in a strongly worded joint statement from financeministers. http://bit.ly/2FtgJsf

Sky News

- Officials from the Financial Conduct Authority met keyfigures from the Investment Association last month to discussways of assuaging their concerns about a potential Londonflotation of Saudi Aramco. http://bit.ly/2FuPBJr

- J Sainsbury Plc is facing opposition to a payshake-up it says will give its 130,000 store staff a "leadingrate" in the sector. http://bit.ly/2FsbbhT

The Independent

- UK businesses are drastically underestimating the amountof plastic packaging waste they produce while paying "barelyanything" to deal with the problem, new research claims. https://ind.pn/2FtpToS

(Compiled by Bengaluru newsroom)

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(Sharecast News) - Hong Kong democracy activists yesterday made frantic plans to cover their tracks amid fears of a brutal crackdown by the world's most powerful surveillance state. Many deleted politically sensitive online postings, wiped social media accounts and turned to proxy servers that mask their identities after China announced sweeping national security laws for the territory. - Sunday Times

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24 Apr 2018 09:45

Melrose Reports Weak Start To Year For GKN As Quarterly Profit Drops

LONDON (Alliance News) - Melrose Industries PLC on Tuesday said recent prize GKN PLC's performance in the first quarter of the year was below expectations, with operating profit falling FTSE -

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24 Apr 2018 07:40

LONDON MARKET PRE-OPEN: Strong Quarter From St James's Place And LSE

LONDON (Alliance News) - Stocks in London are seen opening higher on Tuesday after reports of strong first-quarter performances from St James's Place and the London Stock Exchange, while said

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19 Apr 2018 10:09

Melrose Offer For GKN Now Unconditional, Directors Take Charge

LONDON (Alliance News) - FTSE 250-listed Melrose Industries PLC on Thursday said its offer for GKN PLC is now unconditional, as its directors join GKN's board in place of its old industrial it

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18 Apr 2018 17:17

Melrose Industries Receives Valid Acceptances For 85% Of GKN Shares

LONDON (Alliance News) - FTSE 250-listed Melrose Industries PLC on Wednesday said that it received valid acceptances representing about 85% of the voting rights of engineer GKN PLC.Earlier

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4 Apr 2018 14:39

Moody's Places GKN Rating Under Review For Downgrade After Melrose Bid

LONDON (Alliance News) - Moody's Investors Service on Wednesday put the Baa3 senior unsecured debt and programme ratings for GKN PLC under review for a potential in the at

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3 Apr 2018 15:08

Bank of America Increases Holding In GKN To 14% After Transaction (ALLISS)

LONDON (Alliance News) - GKN PLC said on Tuesday that Bank of America Corp upped its stake in FTSE-100 listed engineering company in transaction last Tuesday.Bank of to

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29 Mar 2018 20:02

ANALYSIS-Melrose’s "Project Golf" bid for GKN beats engineer’s “Damson” defence

* Melrose first contacted GKN’s brokers about bid on January 5 * Both sides only met once during three-month battle * GKN investors narrowly back Ben March 29 -

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29 Mar 2018 17:51

BRIEF-UK Govt Has "Statutory Responsibility" To Consider Whether GKN-Melrose Merger Gives Rise To Public Interest Concerns - Business Secretary??

March 29 (Reuters) - UK Business Secretary Greg Clark: * "DURING BID, MELROSE MADE COMMITMENTS WHICH THEY ARE BOUND TO HONOUR INCLUDING INVESTMENT IN RESEARCH AND

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29 Mar 2018 17:46

UPDATE: Dana Says Deal With GKN Driveline "Unlikely" After Melrose Win

LONDON (Alliance News) - US engineer Dana Inc late Thursday acknowledged the decision by GKN PLC's shareholders to accept the GBP8.4 billion bid by Melrose

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29 Mar 2018 17:17

LIVE MARKETS-Closing snapshot: STOXX posts worst quarter in 2 years

March 29 - Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Helen Reid. Reach her on Messenger to share your on 2

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29 Mar 2018 17:13

UPDATE: GKN Board Accepts Defeat And Recommends Melrose's Takeover Bid

LONDON (Alliance News) - GKN PLC's board on Thursday accepted defeat and asked shareholders of the company to accept the GBP8.4 billion takeover bid made by

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29 Mar 2018 17:05

UPDATE 1-Britain's FTSE posts worst quarter since 2011

* FTSE 100 up 0.17 percent on the day * FTSE ends first quarter with 8.2 percent loss * GKN surges after Melrose bid acceptance (Adds closing prices) By Kit Rees and Julien 29

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29 Mar 2018 16:52

UPDATE 1-Britain shrugs off Brexit to enjoy boom in dealmaking

By Ben Martin LONDON, March 29 (Reuters) - British companies have been swept up in a global boom in dealmaking that has seen the amount of M&A involving firms hit a

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29 Mar 2018 16:28

UPDATE 1-Melrose wins UK engineer GKN with $11 bln hostile bid

By Ben Martin LONDON, March 29 (Reuters) - Melrose Industries has narrowly clinched an 8 billion-pound ($11 billion) takeover of British engineer GKN, a

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