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BAB - Babcock International News Story

217.8p -4.9  -2.2%

Last Trade - 18/09/20

Mid Cap
Market Cap £1.10bn
Enterprise Value £2.89bn
Revenue £4.45bn
Position in Universe 362nd / 1807

PRESS DIGEST- British Business - April 3

Mon 3rd April, 2017 12:22am
April 3 (Reuters) - 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. 
    The Times 
    * Hermes Fund Managers has raised doubts about Tesco's 
 TSCO.L  proposed 3.5 billion pound ($4.39 billion) purchase of 
the wholesaler Booker  BOK.L , saying that it could put corner 
shops out of business and trigger a backlash against the retail 
    * Reckitt Benckiser  RB.L  has launched a review of the 
business, which includes French's mustard and Frank's Red Hot 
sauces. A disposal of the business could help reduce debt after 
the $17.9 billion deal to buy Mead Johnson  MJN.N , the American 
baby milk-powder maker. 
    The Guardian 
    * David Green, the director of the Serious Fraud Office, has 
warned that British businesses should not consider deferred 
prosecution agreements (DPAs) the "new normal" if they are 
caught misbehaving. 
    * The pension scheme deficit at Philip Green's Arcadia Group 
has risen to nearly 1 billion pounds, which means another 
headache for the former BHS owner. 
    The Telegraph 
    * Twitter  TWTR.N  is seeking to ink deals with pay-TV 
companies that would let subscribers watch live channels over 
the social network as part of a major video push. 
    * British artificial intelligence firm, Cortexica, has 
raised 4 million pounds to develop visual recognition technology 
that aims to mimic how humans see the real world. 
    Sky News 
    * Babcock International  BAB.L  will this week set sail 
towards a prestigious 340 million pound deal providing support 
services to the Royal Navy's fleet of warships, according to Sky 
    * Sky News has learnt that Co-op Group directors and their 
advisers will opt to reduce the value of its 20 percent stake in 
the Co-operative Bank  42RQ.L  to zero, reflecting mounting 
uncertainty about the troubled lender's future. 
    The Independent 
    * British Defense Secretary Michael Fallon said it is "very 
important to link trade and security" in the negotiations with 
the European Union over the UK's future deal with the bloc. 
($1 = 0.7967 pounds) 
 (Compiled by Parikshit Mishra in Bengaluru; Editing by Sandra 
 ((; +91 80 6749 6026;)) 
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