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Updated: 2 hours 57 min ago

Online gambling firm GVC bids for bigger rival Bwin.Party

Fri, 15/05/2015 - 15:40
(Reuters) - Sports betting and gaming company GVC Holdings Plc said it had submitted a bid for bigger rival Bwin.Party Digital Entertainment Plc , which put itself up for sale last year.

Ukraine says creditors must accept debt proposals

Fri, 15/05/2015 - 14:45
KIEV (Reuters) - Foreign creditors must agree to the "legitimate" deal offered by Ukraine in talks on restructuring some $23 billion (£14.6 billion) worth of its debt, Prime Minister Arseny Yatseniuk said on Friday.

Drinks bottler Coca-Cola HBC's first-quarter sales rise

Fri, 15/05/2015 - 14:20
LONDON/ATHENS (Reuters) - Drinks bottler Coca-Cola HBC AG said first-quarter sales volumes rose 7.2 percent, helped by four extra selling days versus last year, the earlier timing of the Easter holiday and a good performance in Nigeria, Poland, Romania, Hungary and the Czech Republic.

Toshiba sets up new panel to expand accounting probe

Fri, 15/05/2015 - 14:11
TOKYO (Reuters) - Toshiba Corp has set up a committee headed by a former prosecutor to broaden a probe of accounting irregularities that overstated operating profits by at least $420 million (£267.1 million) in recent years.

Oil steadies below $67 as global glut builds

Fri, 15/05/2015 - 10:15
LONDON (Reuters) - Brent crude oil steadied below $67 a barrel on Friday, consolidating after several weeks of gains after reports of a growing supply glut that is building inventories worldwide.

Russian central bank extends anti-crisis measures for banks

Fri, 15/05/2015 - 09:54
MOSCOW (Reuters) - Russia's central bank on Friday extended anti-crisis measures aimed at helping the banking sector weather turmoil on Russian financial markets late last year.

UK construction output bounces back in March, housing rises

Fri, 15/05/2015 - 09:35
LONDON (Reuters) - British construction bounced back in March, offering some signs that the sector might be ending a period of weakness that started late last year, as private-sector house-building rose for the first time in six months.

Japan's top lenders boost shareholder returns after upbeat earnings

Fri, 15/05/2015 - 09:19
TOKYO (Reuters) - Japan's top banks are stepping up dividend payments after reporting better-than-forecast earnings, responding to calls for bigger shareholder returns.

FTSE extends recent rally, boosted by Coca-Cola HBC

Fri, 15/05/2015 - 09:11
EDINBURGH (Reuters) - The FTSE edged higher on Friday, boosted by a rise in Coca-Cola HBC after it reported encouraging results to help the index extend a recent rebound.

UK's Circassia buys two asthma-focussed firms for up to $377 million

Fri, 15/05/2015 - 09:05
LONDON (Reuters) - Circassia Pharmaceuticals , a British company developing allergy therapies, said on Friday it had agreed to buy Sweden's Aerocrine and privately held Prosonix, two companies focussed on asthma.

Brait to pay $1 billion for control of retailer New Look

Fri, 15/05/2015 - 09:03
JOHANNESBURG/LONDON (Reuters) - South African investment house Brait SE will pay $1 billion for a controlling stake in British fashion retailer New Look [NEWOON.UL], it said on Friday.

China central bank plays down liquidity injections for debt scheme

Fri, 15/05/2015 - 09:02
BEIJING (Reuters) - China's central bank on Friday sought to cool market expectations that it might flood the banking system with cash to help commercial banks buy local government debt, amid speculation that such steps could amount to quantitative easing.

Honda executive says latest air bag-linked recall may impact Japan sales

Fri, 15/05/2015 - 08:57
TOKYO (Reuters) - Honda Motor Co could see an impact on sales in Japan from its plans to recall some 5 million cars to replace potentially fatal air bags made by Japan's Takata Corp , a top executive said on Friday.

EU investigates claims Russia, China dumping steel on EU market

Fri, 15/05/2015 - 08:50
BRUSSELS/MOSCOW (Reuters) - The European Commission has launched an anti-dumping investigation into allegations China and Russia have been selling a type of steel below market cost on the EU market, it said on Thursday in an official announcement.

Pandora to appeal court ruling that gives BMI higher royalties

Fri, 15/05/2015 - 08:31
(Reuters) - Internet radio service Pandora Media Inc said it will appeal a rate court ruling that could force the company to pay higher royalties to Broadcast Music Inc (BMI) for music licenses.

Greece in advanced talks with China's Cosco on Piraeus port

Fri, 15/05/2015 - 08:20
ATHENS (Reuters) - Greece is in advanced discussions with China's Cosco to boost their cooperation in the country's biggest port Piraeus , the Greek defence minister said on Friday.

Products testing firm Intertek trading in line, keeps guidance

Fri, 15/05/2015 - 08:13
LONDON (Reuters) - British product-testing firm Intertek Group is on course to deliver its guidance for this year and said on Friday it expected to deliver underlying revenue growth in mid-single-digit figures over the medium term.

China Premier orders officials to improve policy implementation

Fri, 15/05/2015 - 08:12
BEIJING (Reuters) - Chinese Premier Li Keqiang has ordered bureaucrats to implement central government policy more effectively to boost economic growth, even as he noted signs of improvement in some areas.

UK telecoms regulator proposes opening up BT fibre to competition

Fri, 15/05/2015 - 08:07
LONDON (Reuters) - Britain's telecoms regulator Ofcom has proposed opening up BT's fibre networks to other operators to improve competition in the market which provides large businesses and mobile and broadband companies with high-speed data links.

BOJ Kuroda says no need to ease further now, defends QQE

Fri, 15/05/2015 - 08:04
TOKYO (Reuters) - Bank of Japan Governor Haruhiko Kuroda said on Friday he did not see any immediate need for further monetary easing as the broad trend of inflation is improving steadily.