Edition:
United Kingdom

Company Results & Outlooks

UPDATE 2-Safran rejects TCI Fund Management's criticism of Zodiac Aero bid

PARIS, Feb 23 France's Safran on Thursday rejected criticism by a UK hedge fund over a proposed $9 billion offer for Zodiac Aerospace and pledged to stand firm as a spat intensified over plans to create the world's third-largest aerospace supplier.

UPDATE 4-Glencore ready for deals and dividends after profit boost

* Results ahead of consensus, shares up 2 pct (Writes through, adds shareholder comment, closing share price, related content link)

M&A 23 Feb 2017

UPDATE 3-Barclays surprise capital boost triggers pension concerns

* Concerns pension treatment could eat into capital (Updates with reversal in share gains)

UPDATE 3-BAT looks to double its vaping markets

* 2016 adjusted profit from operations up 10 pct (Adds details from media briefing)

Regulatory News 23 Feb 2017

UPDATE 1-South Africa's Bidcorp can tap $1.2 billion for acquisitions

JOHANNESBURG, Feb 23 South Africa's Bid Corporation (Bidcorp) can tap as much as $1.2 billion for acquisitions, its finance chief said on Thursday, as the firm reported a 20.6 percent rise in half-year profit.

M&A 23 Feb 2017

UPDATE 1-BAE Systems expects earnings boost from U.S. defence spending

* Full-year earnings per share up 7 pct, in line with forecasts

Regulatory News 23 Feb 2017

REFILE-UPDATE 2-Centrica returns to profit growth but flat dividend weighs on shares

LONDON, Feb 23 Britain's largest energy supplier Centrica returned to profit growth last year as it benefited from volatile energy prices and colder weather but shares fell after investors were disappointed not to see a dividend increase.

23 Feb 2017

National Express raises free cash flow outlook on international demand

LONDON, Feb 23 Transport group National Express lifted its guidance for free cash flow on Thursday after lower fuel costs and strong international demand helped it to beat profit expectations, sending its shares higher.

M&A 23 Feb 2017

REFILE-PSA boss says Opel deal would find "speedy" savings

PARIS, Feb 23 PSA Group's proposed acquisition of Opel would swiftly create savings and value from the General Motors European division's turnaround and complementary brands, the French carmaker's Chief Executive Carlos Tavares said on Thursday.

M&A, Regulatory News 23 Feb 2017

Glencore CEO says doesn't see big M&A opportunity at the moment

LONDON, Feb 23 Glencore is keen to continue growing through mergers and acquisitions but sees no large opportunities at the moment, Chief Executive Ivan Glasenberg said on Thursday. (Reporting by Dmitry Zhdanniko; editing by Jason Neely)

M&A 23 Feb 2017