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Mergers & Acquisitions

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PRESS DIGEST- British Business - July 28

July 28 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.

UPDATE 2-SABMiller pauses AB InBev integration amid new offer

* CEO calls for immediate halt to contact with ABI, others - memo

Regulatory News 27 Jul 2016

Brexit-linked derivatives trade boosts Deutsche Boerse revenue

FRANKFURT, July 27 Deutsche Boerse said it was on course to reach its 2016 earnings target after net revenue rose 10 percent in the second quarter, helped by higher derivatives trading linked to Britain's vote to leave the European Union.

Company Outlooks 27 Jul 2016

SABMiller pauses integration work with AB InBev -sources

LONDON, July 27 SABMiller has asked employees to pause the process of integrating its operations with those of Anheuser-Busch InBev as the brewer's board weighs its sweetened takeover offer, according to sources familiar with the matter.

Regulatory News, 27 Jul 2016

BRIEF-AccorHotels sees Brexit impact on H2 profit

July 27 AccorHotels Chief Financial Officer Jean-Jacques Morin tells a conference call:

Company Outlooks 27 Jul 2016

McDonald's to create 5,000 jobs in Britain

LONDON, July 27 McDonald's Corp said on Wednesday it would create over 5,000 jobs in Britain by the end of 2017, in a sign of its commitment to the country despite the challenging economic conditions.

Regulatory News, 27 Jul 2016

South Africa's PIC in talks with SABMiller over improved offer by AB Inbev

JOHANNESBURG, July 27 South Africa's Public Investment Corporation (PIC) is in talks with SABMiller over an improved offer from Anheuser-Busch Inbev, the state pension fund said on Wednesday.

27 Jul 2016

UPDATE 1-Don't sell bank yet, Ireland's PTSB tells government

* Bank's H1 profit rises to 117 mln euros, aided by one-offs (Adds quotes from CEO, details from results, share price)

27 Jul 2016

UPDATE 1-Excalibur says still keen to buy Tata's UK steel business

LONDON, July 27 Management buyout group Excalibur, one of the bidders for Tata's <TISC.NS > British steelmaking business, intends to pursue plans to buy the assets, it said on Wednesday, despite Tata pausing the sale process to explore joint ventures.

27 Jul 2016

Management buyout group Excalibur says still keen to buy Tata's UK steel business

LONDON, July 27 Management buyout group Excalibur, one of the bidders for Tata's <TISC.NS > British steelmaking business, said on Wednesday that it intended to pursue its plans to buy the assets despite Tata pausing the sale process to explore joint ventures.

Bonds, Regulatory News 27 Jul 2016

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