LONDON - The FTSE 100 slid from 13-year peaks on Thursday, battered by weak Chinese economic data and signs the U.S. Federal Reserve could soon taper its stimulus programme.
FRANKFURT - New solar installations reached a fresh record of 7.5 gigawatts (GW) in Germany in 2011, playing into the hands of advocates for steeper cuts in tariff subsidies to reduce growth of solar power and the resulting higher costs for consumers.
Electrolux says eyes further acquisitions
STOCKHOLM (Reuters) - World number two home appliances maker Electrolux (ELUXb.ST) is likely to make further acquisitions to help drive growth, the company's chief financial officer said on Wednesday.
Electrolux's most recent acquisitions were of a company in Chile and one in Egypt as the group focuses on emerging markets.
"There is room for acquisitions," chief financial officer Tomas Eliasson told a meeting of investors.
He said the two recent purchases showed the company was putting more focus on buying other companies and that such deals added to top line expansion of sales.
At the same time, the company wanted to protect its BBB+ credit rating, he added.
(Reporting by Patrick Lannin)
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