Tesco to raise store staff wages by 10.5 percent over two years
LONDON Tesco, Britain's biggest private sector employer, is to raise pay for hourly paid store staff by an inflation-beating 10.5 percent over the next two years, it said on Friday.
PARIS French food group Danone (DANO.PA) on Thursday raised its guidance for recurring earnings per share (EPS) growth for 2017, having now closed its $12.5 billion acquisition of U.S. organic food producer WhiteWave foods Co.
Danone said it was targeting double-digit recurring EPS at constant exchange rates for 2017.
In February, Danone said it was targeting earnings per share growth of above 5 percent in 2017, excluding WhiteWave, having achieved growth of 9.3 percent in 2016.
Danone announced in July 2016 plans to buy WhiteWave - maker of Silk almond milk and Earthbound Farm Organic salad - in its largest acquisition since 2007, a move it said would double the size of its U.S. business. The deal closed April 12.
The world's largest yoghurt maker, with brands including Actimel and Activia, also reported a 0.7 percent rise in first-quarter underlying sales to 5.46 billion euros (4.56 billion pounds).
The quarterly performance was in line with the company-compiled average of 18 analyst estimates of 0.6 percent like-for-like growth in group sales.
(Reporting by Dominique Vidalon; Editing by GV De Clercq)
LONDON A group of four international investment funds offered to inject 1.6 billion euros (1.4 billion pounds) of fresh capital into two ailing Italian banks in Veneto at the end of May, sources told Reuters, but their plan was not pursued by Rome along some recent approaches to be part of a rescue deal.
LONDON World stocks could be about to record their best start to a year since 1998, when global markets were recovering from the Asian crisis, while oil and the dollar are facing their worst first-half in years.