Advertisement
UK markets open in 3 hours 15 minutes

  • NIKKEI 225

    38,303.39
    -531.71 (-1.37%)
     

  • HANG SENG

    18,435.55
    -43.82 (-0.24%)
     

  • CRUDE OIL

    78.18
    -0.20 (-0.26%)
     

  • GOLD FUTURES

    2,325.20
    +1.00 (+0.04%)
     

  • DOW

    38,884.26
    +31.99 (+0.08%)
     

  • Bitcoin GBP

    50,353.11
    -323.68 (-0.64%)
     

  • CMC Crypto 200

    1,299.52
    -65.60 (-4.81%)
     

  • NASDAQ Composite

    16,332.56
    -16.69 (-0.10%)
     

  • UK FTSE All Share

    4,522.99
    +53.90 (+1.21%)
     
Money:

The retirement income gap no-one is talking about

People are living longer than ever before and this can impact how you plan for retirement

Ireland's Kingspan wins EU okay for 315 mln euro Belgian buy

Reuters - UK Focus

BRUSSELS, March 16 (Reuters) - Irish building products group Kingspan secured European Union regulatory approval on Monday for its planned 315-million-euro ($333.2 million) takeover of Belgian insulated panel maker Joris Ide Group.

The European Commission said the deal would not hurt competition due to the presence of rivals such as ArcelorMittal (Other OTC: AMSYF - news) and Tata Steel (BSE: TATASTEEL.BO - news) in northwestern Europe.

"The merged entity will continue to face sufficiently strong competition after the merger and customers will still have sufficient alternative suppliers in all markets concerned," the EU antitrust authority said in a statement.

($1 = 0.9453 euros) (Reporting by Foo Yun Chee; editing by Philip Blenkinsop)