Edition:
United Kingdom

Company Results & Outlooks

UPDATE 1-Lufthansa hits out after new Frankfurt airport fees approved

* Lufthansa says decision puts it at a disadvantage (Recasts with Lufthansa response, adds Ryanair comment, detail from ministry)

UPDATE 3-Glencore to pay $1 billion dividend in 2017

* New dividend policy for 2018 could add up to $1 billion more (Updates after analyst call, detail on coal hedge)

M&A 01 Dec 2016

Mediaset CEO says to carry on with pay-TV projects without Vivendi

MILAN, Dec 1 Italian broadcaster Mediaset said it will look for other partners for its pay-TV arm after failing to sell the unit to France's Vivendi, adding there was no contact with UK-based rival Sky at present.

M&A 01 Dec 2016

Rolls-Royce to cut another 800 jobs at marine unit

LONDON, Dec 1 British engineering company Rolls-Royce said it would cut a further 800 jobs in its marine business to save an extra 50 million pounds ($63 million) a year, responding to weak demand from shipping and energy customers.

01 Dec 2016

UK carpet seller Headlam says full-year profit to beat forecasts despite price rises

LONDON, Dec 1 British carpet distributor Headlam said full-year profit should beat current market expectations as price rises introduced after the pound fell in the wake of the Brexit vote had not had an adverse impact on revenue.

01 Dec 2016

UPDATE 1-Serco avoids sector turmoil with reiteration of outlook

LONDON, Dec 1 Britain's Serco reiterated its forecasts for the rest of this year and next, avoiding the turmoil hitting the wider outsourcing sector, helped by a long-term turnaround programme.

01 Dec 2016

Britain's Daily Mail publisher hit by decline in ad revenue

LONDON, Dec 1 The publisher of the Daily Mail reported an 11 percent drop in adjusted operating profit after its media business suffered from a fall in print advertising revenues and challenging conditions in the property information, energy and financial sectors.

01 Dec 2016

Britain's Serco sticks to 2017 profit forecast

LONDON, Dec 1 British outsourcing firm Serco Group stuck to its underlying outlook for next year and said a long-term turnaround programme should see the company move into a growth phase from 2018.

01 Dec 2016

Gold producer Acacia Mining raises exploration budget by 30 pct

LONDON, Nov 30 Gold producer Acacia Mining will increase its exploration budget for 2017 by nearly 30 percent to expand in Africa and helped by a higher gold price, the London-listed company said on Wednesday.

30 Nov 2016

UPDATE 1-Russia's TCS expects stronger 2017 after record profit

MOSCOW, Nov 30 Russian consumer lender TCS Group expects to increase its profit next year as it lends more and its funding costs fall, it said on Wednesday, after posting record profit for the third quarter in a row.

30 Nov 2016
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