United Kingdom

Company Results & Outlooks

UPDATE 3-Patriarch steps in at India's Tata Sons after board ousts chairman

* Mistry's Shapoorji Pallonji family may contest move - CNBC (Adds comments from source on group executive council)

British broadcaster ITV to cut 120 jobs over Brexit uncertainty

LONDON, Oct 24 British broadcaster ITV will cut 120 jobs as part of a programme set out earlier this year to reduce costs by 25 million pounds ($31 million) to counter the uncertainty created by the Brexit vote.

3:12pm BST

UPDATE 2-British defence group Cobham cuts profit forecast again

* Shares fall 17 pct (Adds CFO comment, analyst comment, share price,)

11:00am BST

Britain's Cobham downgrades profit forecast again

LONDON, Oct 24 British aerospace and defence company Cobham downgraded its profit forecast for the second time this year after a continued weak performance in its communications unit.

7:15am BST

BRIEF-GSK submits U.S. application for Shingles vaccine

* Announces U.S. regulatory submission of candidate vaccine for prevention of Shingles

Regulatory News 7:06am BST

UPDATE 5-Bombardier to cut 7,500 more jobs through 2018, mostly in rail

MONTREAL, Oct 21 Bombardier Inc said on Friday it would cut 7,500 jobs, mostly in its train-making division, in a second round of layoffs announced this year, following extended delays and budget overruns in its aerospace business.

M&A, Regulatory News 21 Oct 2016

BRIEF-Axa completes sale of UK offshore investment bonds business

* has completed the sale of its UK offshore investment bonds business based in Isle of Man to Life Company Consolidation group Source text for Eikon: Further company coverage: (Reporting by Paris bureau)

21 Oct 2016

BRIEF-Gurit Holding 9-mth net sales up at CHF 273 mln

* Gurit reports net sales growth of 3% to 273 million Swiss francs ($274.37 million)for first nine months of 2016

21 Oct 2016

BRIEF-Bombardier shares fall 2.25 percent in early trade

* Bombardier shares fall 2.25 percent to C$1.74 in early trade after saying it will cut 7,500 jobs Further company coverage: (Reporting by Fergal Smith and Jeffrey Hodgson)

M&A, Regulatory News 21 Oct 2016

Acacia gold output boost drives shares higher again

BENGALURU/LONDON, Oct 21 Gold mining company Acacia Mining expects output this year to be about 5 percent above the top of its earlier forecast, it said on Friday, driving its shares more than 10 percent higher.

Global Market Data 21 Oct 2016
US $ inGBP =0.8187
Euro inGBP =0.8898
¥en inGBP =0.0078