FTSE snaps losing streak as banks rise
LONDON British shares rose on Monday, snapping four straight days of losses, as banks joined a broader European rally and steadier crude oil prices supported energy firms.
LONDON Pladis, the UK-based biscuit and chocolate company owned by Turkey's Yildiz Holdings, set out a growth plan on Monday that would see it dramatically increase sales over the next two years.
The maker of McVitie's biscuits said it is targeting revenue of 3.2 billion pounds in the next two years, up from 2.2 billion pounds in 2016. It said it plans to double chocolate sales and increase biscuit sales by 50 percent.
Pladis said it planned to do this by creating new products, expanding in new regions and investing in research and development and talent.
Pladis is owned by Yildiz, which also owns Ulker Biskuvi (ULKER.IS). The company was launched last year when Yildiz brought together its Godiva, Ulker, United Biscuits and DeMet's Candy businesses into one unit.
(Reporting by Martinne Geller; editing by Jason Neely)
TOKYO/WASHINGTON Japan's Takata Corp , at the centre of the auto industry's biggest-ever product recall, filed for bankruptcy protection in the United States and Japan, and said it had agreed to be largely acquired for $1.6 billion by the Chinese-owned U.S.-based Key Safety Systems.
LISBON Europe's growing inequality is highly destabilising and needs to be tackled with education, innovation and investment in human capital, particularly jobs for young people, European Central Bank President Mario Draghi said on Monday.