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BAB - Babcock International News Story

217.8p -4.9  -2.2%

Last Trade - 18/09/20

Sector
Industrials
Size
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 
giant. http://bit.ly/2o0EdvT 
    
    * 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. http://bit.ly/2o0OTdJ 
     
    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. http://bit.ly/2o0Cg2g 
     
    * 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. http://bit.ly/2o0DcDS 
 
    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. http://bit.ly/2o0yYfL 
     
    * 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. http://bit.ly/2o0uFAX 
 
    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 
News. http://bit.ly/2oNzYRh 
     
    * 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. http://bit.ly/2oNyvdG 
     
    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. http://ind.pn/2o0yNkn 
     
 
($1 = 0.7967 pounds) 
 
 (Compiled by Parikshit Mishra in Bengaluru; Editing by Sandra 
Maler) 
 ((Parikshit.Mishra@thomsonreuters.com; +91 80 6749 6026;)) 
 
Keywords: BRITAIN PRESS/BUSINESS
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