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LONDON (Alliance News) - Glencore Xstrata said Monday it has agreed to sell its interest in the Las Bambas copper project in Peru to a Chinese consortium including MMG, Guoxin International Investment Corp and CITIC Metal Co for USD5.85 billion in cash. The deal is part of an agreement to w
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Asking prices for homes in the UK have risen by 7.3 per cent over the past 12 months, according to Rightmove and can be expected to rise by an additional 7.4 per cent this year, a new report from the E&Y ITEM Club says. However, the pace of increases is expected to taper to 7.2 per cent next year be
Read moreLONDON (Alliance News) -Punch Taverns PLC has brought in an independent corporate restructuring expert to aid long-running discussions over its GBP2.3 billion debt mountain, The Sunday Telegraph reports without saying where it got the information. Dean Merritt, from Talbot Hughes McKillop,
Read moreTroubled pub group Punch Taverns took a step forward in its bid to stave off a debt default, but said it needed more time to thrash out a deal. Punch, which has more than 4,000 leased pubs, said it had made progress in talks with its bondholders about restructuring its £2.3bn of debt. The group, w
Read moreLONDON (Alliance News) - The following is a summary of top news stories Monday.
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COMPANIES
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British drugmaker GlaxoSmithKline PLC is investigating claims of improper conduct related to its business in Iraq, less than a y
LONDON (Alliance News) - Weak leads from the US and Asia have combined with continued tensions in the Ukraine to depress UK shares at the open Monday.
Among UK corporate news at the start of the week, Kentz said it has been awarded a USD570 million services contract
LONDON (Alliance News) - Punch Taverns PLC Monday said it will ask noteholders for covenant waivers, as it seeks yet more time to get a deal with its creditors for a broad restructuring of its debt pile. In a statement, the pub operator said it will convene a noteholder meeting for April 19
Read moreLONDON (Alliance News) - Punch Taverns PLC Monday said it will ask noteholders for covenant waivers, as it seeks yet more time to get a deal with its creditors for a broad restructuring of its debt pile. In a statement, the pub operator said it will convene a noteholder meeting for April 19
Read moreShares in British bookmakers Ladbrokes and William Hill tumbled after the government's new Budget included an increase to 25 per cent in duty on fixed-odds betting terminals (FOBTs). Chancellor George Osborne said that he would lift the rate on Machine Games Duty on betting content from 20% to 25%,
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* Like-for-like food sales outpaces drinks sales in 8 weeks to March 1 * Co's sales growth still outpacing rivals': Coffer Peach Business Tracker * Co maintains full-year like-for-like sales forecast * CEO: hoping football World Cup will drive sales * Shares up 1.2 pct at
Read moreMarch 18 (Reuters) - Spirit Pub Company Plc reported a rise in sales at pubs it directly manages, as a milder winter prompted more Britons to frequent bars. The company, which operates about 800 managed pubs and around 470 leased pubs under brands such as Chef & Brewer, Fayre & Square and
Read moreLONDON (Alliance News) - Punch Taverns PLC Wednesday again reminded its bond holders and other creditors that they stand to lose more of their investments if the sides can't reach a consensual deal to restructure the pub operator's debt in the next few weeks. Talks over the debt restructuri
Read moreThe FTSE small cap index and junior-listed AIM shares rise 0.2 percent and 0.6 percent respectively, lagging a 0.7 percent rise for the mid-caps but outperforming the blue chips, which trade flat. British construction equipment rental company Speedy Hire Plc rises 2.5 percent after a report
Read moreLONDON (Alliance News) - Punch Taverns PLC said Friday it is trading broadly in line with management expectations as it continues its pub investment and non-core pub disposal programmes. The pub operator said trading has continued in line with management expectations for the 20 weeks to Jan
Read moreLONDON (Alliance News) - UK shares are adding to their gains at the open Friday amid some positive UK and European economic data.
Troubled FTSE 250 outsourcing firm Serco is up 10% after pulling off something of a coup by recruiting the CEO of FTSE 100 temporary po