Wednesday, 22 November 2017

Business

London IPO market hit as Arqiva and Bakkavor pull floats

london stock

LONDON: Broadcasting masts group Arqiva and ready meals supplier Bakkavor abandoned plans to launch two of the biggest floats in London this year on Friday, dealing a blow to Britain’s market for initial public offerings (IPO). Arqiva, which had tried to sell itself before announcing its listing on Oct. 23, ...

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Starbucks Christmas drinks in color cups go on sale today

Starbucks_Holiday_Cup_2017

MANCHESTER: Hallowe’en has been and gone, and so for many of you, that means the countdown to Christmas has begun. And what signifies Christmas better than a steaming hot gingerbread latte? The Starbucks Christmas drinks menu went on sale today and this year they come with one extra cool treat. ...

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Bitcoin just smashed $7,000

Bitcoin

LONDON: Just over 24 hours after it passed the $6,500 mark, bitcoin soared past another psychologically significant level this morning, rising above $7,000 (GBP 5294.8). The cryptocurrency hit $7,010 in mid-morning trading, up more almost four per cent, as it continued to climb following the announcement by US exchange operator ...

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India clears $3.2 billion purchase of naval choppers

INDIA NAVI

NEW DELHI: India will purchase more than 100 armed helicopters for its navy to replace its outdated French-designed fleet in a military deal worth $3.2 billion, an official said Wednesday. The defence acquisition council approved funding for the purchase of 111 multi-utility helicopters for attack missions, search and rescue, surveillance ...

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BP profits double as oil production increases

BP

LONDON: British energy major BP on Tuesday (Oct 31) logged a modest increase in third-quarter net profit, energised by a recovery in the global price of oil. BP said in a statement that bottom-line net profit rose by nine per cent to US$1.769 billion (€1.521 billion) in the three months ...

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Brown calls for guilty bank bosses to be jailed

gordon-brown

LONDON: Gordon Brown has called for much stronger actions to be taken against the bosses who sparked Britain’s banking crisis. He wants the guilty men facing jail, be banned from new directorships, be ordered to return their bonuses – and have their pensions revoked. His calls come in his memoirs, ...

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UK bookmakers await results of government FOBT review

Bookmakers uk

LONDON: Bookmakers active in the regulated UK market will this week find out the results of a government-led review into fixed-odds betting terminals (FOBTs). The machines have been the subject of debate in the UK for some time now, with a number of campaign groups and politicians calling for the ...

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Kim Jong visits cosmetics factory with wife and sister

kim-3

PYONGYANG: North Korean leader Kim Jong-un has visited a cosmetics factory in Pyongyang, accompanied by his wife Ri Sol-ju and sister Kim Yo-jong. State media released undated photos of the visit on Sunday. Both women are rarely seen in public. Ms Kim’s appearance comes shortly after her recent promotion to ...

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Asia pivot helps HSBC post jump in third quarter pretax profit

HSBC

HONG KONG: HSBC on Monday signaled its pivot to Asia was paying rich dividends as quarterly profits leapt five-fold, laying a foundation for its new leadership to plan for growth after a tough period of post-crisis restructuring. HSBC earlier this month chose veteran John Flint as its next chief executive, ...

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