UPDATE 4-China's Fosun raises offer for Club Med

* Both sides see turnaround potential for holiday company (Adds comments from news conference, AMF details)

12:50pm GMT

Ugandan shilling firms as banks unwind long dollar positions

KAMPALA, Dec 19 - The Ugandan shilling clawed back some of its recent losses on Friday after some commercial banks unwound long dollar positions and companies converted hard currency to pay taxes. At 1108 GMT commercial banks quoted the shilling at 2,765/2,775, stronger than Thursday's close of 2,775/2,785. "Some banks are cutting back their long dollar positions," said Isaac Iga, chief dealer at Orient Bank. Companies were also selling dollars to pay taxes, he said. T

12:49pm GMT

BRIEF-Hasen-Immobilien to sell its 80 pct stake in HI Wohnbau GmbH for 47.5 million euros

* Hasen-Real Estate GmbH & Co. KG plans to sell its 80 pct stake in HI Wohnbau GmbH for 47.5 million euros Source text for Eikon: Further company coverage: (Gdynia Newsroom)

12:48pm GMT

CarMax revenue rises 16 pct as used car sales increase

Dec 19 - CarMax Inc, the largest used-car seller in the United States, reported a 16 percent rise in quarterly revenue as easier availability of credit boosted car sales.

12:47pm GMT

BRIEF-Tower Property Fund acquires shopping and community centres

* Acquisition of Shoprite Brits, Shoprite Ennerdale and Shoprite Modimolle

12:46pm GMT


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