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Bankruptcy

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UPDATE 1-Kenya's ARM Cement put under administration - PWC statement

NAIROBI, Aug 18 Kenya's ARM Cement has been put into administration, PricewaterhouseCoopers said in a statement on Saturday, days after ARM Cement's chief executive officer said he was relinquishing his post but staying on its board.

Kenya's ARM Cement entered administration on Aug 17 - PWC statement

NAIROBI, Aug 18 PricewaterhouseCoopers' Muniu Thoiti and George Weru have been appointed as joint administrators of Kenya's ARM Cement, PWC said in a statement on Saturday, days after ARM Cement's chief executive officer said he was relinquishing his post but staying on its board.

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RPT-Dubai regulator probes Abraaj Capital, stops it from taking on new work

DUBAI, Aug 16 Dubai's financial services regulator has stopped Abraaj Capital from taking on new business or moving money to Abraaj Investment Management (AIML), its related entity, as part of an investigation into the group.

Dubai regulator probes Abraaj Capital, stops it from taking on new work

DUBAI, Aug 16 Dubai's financial services regulator has stopped Abraaj Capital from taking on new business or moving money to Abraaj Investment Management (AIML), its related entity, as part of an investigation into the group.

PRESS DIGEST- British Business - Aug 16

Aug 16 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.

Stock Quote, M&A, Bonds, Markets, Aug 15 2018

UPDATE 1-PwC failed to flag BHS risks ahead of retailer's collapse - regulator

* Taveta says put substantial assets into BHS before sale (Adds lawmaker letter to Philip Green, Taveta response)

PwC failed to flag BHS risks ahead of retailer's collapse - regulator

LONDON, Aug 15 PwC should have flagged significant doubts over the future of BHS in an audit that was completed just days before the loss-making UK retailer was sold for a token one pound in 2015, ahead of its collapse a year later, a regulator said on Wednesday.

UPDATE 1-UK retailer Homebase to close 42 stores, affecting 1,500 jobs

LONDON, Aug 14 British home improvement retailer Homebase said on Tuesday it planned to close 42 stores, putting 1,500 jobs at risk, with new owner Hilco Capital seeking to reduce its cost base in a brutal trading environment.

UK retailer Homebase to close 42 stores, 1,500 jobs to go

LONDON, Aug 14 British home improvement retailer Homebase said on Tuesday it planned to close 42 stores, impacting 1,500 jobs.

Croatia's Agrokor first-half core earnings jump

ZAGREB, Aug 13 Croatian food producer and retailer Agrokor, which is in the process of being taken over by its creditors, reported a big rise in first-half core earnings on Monday, as cost cuts helped to offset lower revenues.

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