Edition:
United States

Yadarisa Shabong

Acacia seeks stay of international arbitration against Tanzania

Jul 17 2019

LONDON Acacia Mining said on Wednesday it was seeking a stay of international arbitration proceedings against Tanzania, a step that could ease tensions between the two sides locked in a dispute following a $190-billion tax bill.

Johnson Matthey battles lower profit at its biggest unit

Jul 17 2019

Johnson Matthey on Wednesday lowered the profit outlook for its largest unit that makes pollution filters for cars and trucks and announced the departure of the unit's head, sending its shares down more than 3%.

UPDATE 2-Johnson Matthey battles lower profit at its biggest unit

Jul 17 2019

* Maintains full-year forecast (Adds background on Clean Air unit)

Motor insurer Hastings warns of hit from discount rate change

Jul 16 2019

British motor insurer Hastings warned on Tuesday of a $10 million (£8.03 million) hit to its profits from a change in the discount rate used to calculate compensation for personal injuries, with rivals expected to follow.

UPDATE 3-UK motor insurer Hastings warns of hit from discount rate change

Jul 16 2019

* Admiral, Direct Line say reserves based on 0% rate (Adds Direct Line comment)

Car dealership Lookers hit by crumbling demand

Jul 12 2019

British car dealership Lookers warned on full-year profit on Friday, saying trading was increasingly challenging and prompting a 30% fall it its already weak shares.

UPDATE 3-British dealership Lookers hit by crumbling car demand

Jul 12 2019

* Shares hit more than decade low (Recasts, adds analyst comments, background and updates shares)

UPDATE 3-FTSE 100 firms as oil majors gain, BoE growth target cut feeds stimulus hopes

Jun 20 2019

* Poor results and forecast hit Dixons Carphone (Adds news item, updates with closing prices)

FTSE 100 enjoys best day in four months after Draghi's 'appetizer'

Jun 18 2019

London's main stock index recorded its best one-day gain in more than four months on Tuesday as a promise of more stimulus if required from European Central Bank (ECB) chief Mario Draghi lifted UK shares across sectors.

UPDATE 2-FTSE 100 enjoys best day in 4 months after Draghi's "appetizer"

Jun 18 2019

* Ashtead jumps after annual results (Adds news items, analyst comment, updates to closing prices)

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