PRESS DIGEST- British Business - Feb 27
Feb 27 The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.
Dec 4 Shares of Gap Inc were down 9 percent Tuesday after the retailer confirmed there has been no change to its dividend payment policy.
The company has not paid a special dividend before, and sticks to share buybacks and regular dividend payments. Last month, it announced a quarterly dividend of 12.5 cents per share payable on or after January 30 to shareholders of record at the close of business on January 2.
Shares of Gap started falling earlier in the day amid market rumors that the company would not pay a special dividend as some believed it would. Gap shares were trading at $31.33 Tuesday afternoon on the New York Stock Exchange, after closing at $34.51 on Monday.
HONG KONG, Feb 27 Asian stocks look set to edge lower for a second day on Monday as weak cues from U.S. share markets and declining European government bond yields on political worries push investors to take profits after a recent rally.
TOKYO, Feb 27 Japan's SoftBank Group Corp is close to finalising an investment in U.S. office-sharing startup WeWork, in a deal expected to be worth over $3 billion, CNBC reported on Monday.