|Bid||10.68 x 0|
|Ask||10.69 x 0|
|Day's range||10.61 - 10.75|
|52-week range||8.92 - 11.80|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||8.90|
Dec (Shanghai: 600875.SS - news) 15 (Reuters) - Unilever has agreed to sell its margarine and spreads business to U.S. private equity firm KKR for 6.83 billion euros ($8.04 billion) to concentrate on faster growing products. The maker of Knorr soup and Dove soap announced the deal on Friday, hours after Reuters reported that KKR had entered exclusive talks to buy the shrinking business after outbidding rivals. The brands to be sold include Becel, Flora, Country Crock and Blue Band.
Oil prices were mixed on Friday, lingering below two-year highs on Friday as the continuing outage of a North Sea pipeline and OPEC-led production cuts supported prices, while climbing U.S. output kept ...
BERLIN, Dec (Shanghai: 600875.SS - news) 15 (Reuters) - German pilots' union Vereinigung Cockpit (VC) has requested a meeting with Ryanair early next week after the Irish low-cost carrier said it would recognise unions in a bid to stop strikes. "It's now up to Ryanair to prove the seriousness of this announcement," Ilja Schulz, VC president, said on Friday. VC had threatened Ryanair with strike action, joining unions in other countries to put pressure on the airline's management as they sought to negotiate better contracts.
DUBLIN, Dec (Shanghai: 600875.SS - news) 15 (Reuters) - Ryanair offered on Friday to recognise pilot unions for the first time in its 32-year history in a last-minute attempt to avert its first-ever pilot strike. The move convinced Italy's largest pilot union to suspend a four-hour strike planned for Friday afternoon, but it was unclear if other unions would call off strikes planned for next week in Ireland (Other OTC: IRLD - news) and Portugal. Investors also took fright at the potentially major change to the business model at Europe's largest low-cost carrier, with Ryanair shares tumbling as much as 9 percent to 14.90 euros.
Unilever has agreed to sell its margarine and spreads business to KKR for 6.8 billion euros , it said on Friday, confirming an earlier report by Reuters saying the U.S. private equity fund had made it ...
LONDON, Dec (Shanghai: 600875.SS - news) 15 (Reuters) - Sterling fell nearly a percent on Friday despite news that Brexit negotiations would move on to the next stage in January, as investors booked some profits following recent gains. The European Union agree to move talks forward with London on Britain's exit from the bloc, but there was little clarity on trade issues and Austria warned the Irish border issue remained a "riddle". With U.S. stocks headed higher and the dollar scoring some gains against the Swedish crown and the Australian dollar, investors were quick to take profits on long sterling trades even with the positive news out of Brussels.
PARIS, Dec (Shanghai: 600875.SS - news) 15 (Reuters) - Airbus confirmed the departure of planemaking chief Fabrice Bregier as part of a series of board moves on Friday to clear the air over succession plans following weeks of speculation surrounding Europe's largest aerospace firm. The move gives rival Chief Executive Tom Enders a free hand for the rest of what will now be his last term as CEO, ending in April 2019, but also casts him as a caretaker as Airbus looks for fresh blood to lead it out of a growing corruption scandal. Confirming details reported by Reuters, Airbus said Bregier would be replaced in February as president of the planemaking division by fellow Frenchman Guillaume Faury, the 49-year-old chief of Airbus Helicopters who has also worked in automobiles.
NEW YORK, Dec (Shanghai: 600875.SS - news) 15 (Reuters) - World shares gained on Friday and Wall Street opened higher on U.S. tax legislation optimism, while the dollar strengthened as trading activity wound down before the Christmas and New Year holidays. MSCI (Frankfurt: 3HM.F - news) 's gauge of stocks across the globe gained 0.16 percent after a week of central bank meetings that saw the U.S. Federal Reserve raise interest rates, while the European Central Bank and the Bank of England held off on hikes. The Dow Jones Industrial Average rose 125.21 points, or 0.51 percent, to 24,633.87, the S&P 500 gained 16.99 points, or 0.64 percent, to 2,669 and the Nasdaq Composite added 38.09 points, or 0.56 percent, to 6,894.62.
British pilots' union BALPA said it has accepted Ryanair's offer to start talks to discuss recognising unions, adding that the company's change of heart was welcome. Ryanair earlier on Friday said it would ...
* North Sea pipeline shut on Dec (Shanghai: 600875.SS - news) . LONDON, Dec 15 (Reuters) - The loading dates of Forties crude cargoes, which help set the global Brent benchmark, have been delayed by at least two weeks and further hold-ups are likely, trade sources said, after the closure of the North Sea Forties pipeline for repairs. The 169-km (105-mile) pipeline, which carries about a quarter of all North Sea crude output and about a third of Britain's offshore gas production, has been closed since Monday, following the discovery of a small crack in part of the system onshore in Scotland.
MOSCOW, Dec (Shanghai: 600875.SS - news) 15 (Reuters) - Russia's biggest mobile phone operator MTS is in talks to buy event ticketing company Ticketland for around 3 billion roubles to 3.5 billion roubles ($51 million-$60 million), two sources told Reuters. One source, close to MTS's parent company Sistema, said MTS was in talks with Ticketland shareholders about the acquisition for more than 3 billion roubles.
MOSCOW, Dec (Shanghai: 600875.SS - news) 15 (Reuters) - Lider Invest, a real estate unit of Russian business conglomerate Sistema, said on Friday it had postponed indefinitely a planned bond sale, citing an unfavourable environment. Sistema is entangled in a multi-billion-dollar legal dispute with state-controlled oil major Rosneft which obtained a court order to freeze around $5 billion of Sistema's assets, including a 98.78-percent stake in Lider Invest.
LONDON, Dec (Shanghai: 600875.SS - news) 15 (Reuters) - Britain's markets watchdog will step up its scrutiny of the initial coin offering (ICO) market to see if new rules are needed to protect investors after issuing an alert in September. Start-ups have begun issuing new digital currencies via ICOs and the market has raised about 3.7 billion pounds ($4.93 billion) this year according to an industry estimate. The Financial Conduct Authority (FCA) said it would gather further evidence on the market and conduct a deeper examination of what it called fast-paced developments.
NEW YORK, Dec (Shanghai: 600875.SS - news) 15 (Reuters) - The U.S. dollar was slightly stronger on Friday as investors wound down trading activity after major central bank meetings this week and before the Christmas and New Year holidays. “Markets are really consolidating at this point into holiday trading,” said Mark McCormick, North American head of FX strategy at TD Securities in Toronto. The dollar index was last up 0.27 percent to 93.745.
LONDON, Dec (Shanghai: 600875.SS - news) 15 (Reuters) - Britain's Prince Harry and his American fiancée, Meghan Markle, will marry on Saturday May 19, his office Kensington Palace said on Friday. Queen Elizabeth's grandson, fifth-in-line to the throne, and Markle, who stars in the U.S. TV legal drama "Suits", announced their engagement last month with the marriage to take place in St George (Frankfurt: 11667148.F - news) 's Chapel at Windsor Castle. "His Royal Highness Prince Henry of Wales and Ms. Meghan Markle will marry on 19th May 2018," Kensington Palace said in a statement.
LONDON, Dec (Shanghai: 600875.SS - news) 15 (Reuters) - Britain will have 3.8 billion pounds ($5 billion) a year of business opportunities for steelmakers by 2030, according to an independent study commissioned by the government. The British government, which has come under pressure to protect vulnerable industrial sectors from the effects of Brexit, also said it plans to use 3 million tonnes of UK steel in infrastructure projects in the next five years. "Through our modern industrial strategy, the government has been clear that we will do everything we can to support our steel industry," the minister for climate change and industrial policy, Claire Perry, said in a statement.
OSLO, Dec (Shanghai: 600875.SS - news) 15 (Reuters) - Norway's Kollsnes gas-processing plant, the country's largest, will be partially shut from May 25 to July 1 and for 25 days between August and September, gas system operator Gassco said on Friday, announcing some of its 2018 maintenance plans. Along with other planned outages, as well as expectations that more shutdowns will be announced at a later date, the maintenance schedule could drive up summer price volatility, traders and analysts said.
LONDON, Dec (Shanghai: 600875.SS - news) 15 (Reuters) - World shares fell on Friday and the dollar slipped against major developed and heavyweight emerging market currencies, as nagging uncertainty about a U.S. tax cuts package dovetailed with broad-based end-of-year caution. It was a groggy end to what was still set to be a third week of gains for MSCI (Frankfurt: 3HM.F - news) 's global stock index following more upbeat data and signs that central banks including the Federal Reserve have no plans to really jack up interest rates.
PARIS, Dec (Shanghai: 600875.SS - news) 15 (Reuters) - French President Emmanuel Macron said he was closely following management changes at the top of Airbus and would ensure that the balance of national interests as well as the company's interests are respected in the new appointments. "For Airbus there are decisions on governance which are for the board to take. Speaking at a news conference with Chancellor Angela Merkel after an EU summit on Friday, Macron added: "We will therefore take the best (people) while ensuring that the balance, as the Chancellor has said, of the different nations is respected and while also pursuing the interests of the company".
LONDON, Dec (Shanghai: 600875.SS - news) 15 (Reuters) - British Prime Minister Theresa May said Britain and the European Union will begin talks on their future relationship straight away after the bloc agreed to move talks onto the next stage of negotiations. "We will be beginning the talks about our future relationship, we will be beginning those straight away, and also talking about the implementation period that will give certainty to businesses and individuals," May told Sky News in an interview. May said there was still a lot to do but that Britain would be leaving the EU on March 29, 2019.
LONDON, Dec (Shanghai: 600875.SS - news) 15 (Reuters) - Britain's Sky (Frankfurt: 893517 - news) and BT have agreed to supply their most popular channels to each other's platforms in a deal that eases the rivalry between two pay-TV giants facing new threats from the likes of Netflix (Xetra: 552484 - news) and Amazon. In a joint statement the two companies said BT customers would be able to sign up for Sky's NOW TV service which includes the biggest package of English Premier League matches and shows like "Game of Thrones". In return, BT will make its sports channels, which show Champions League soccer, 42 Premier League games a season and the current Ashes cricket series, available to Sky satellite customers.
AMSTERDAM, Dec (Shanghai: 600875.SS - news) 15 (Reuters) - The Netherlands launched an attempt to fund an offshore wind farm without subsidies on Friday, hoping to capitalize on a boom in renewable energy. In the world's first ever so-called 'zero subsidy' tender for wind power, only companies that require no support at all can participate. The Dutch tender follows strong demand at wind farm auctions in Germany earlier this year - where some slots were granted without subsidies - although a Dutch official acknowledged that the Netherlands' move was testing new ground and it might not receive any bids at all.
BERLIN, Dec (Shanghai: 600875.SS - news) 15 (Reuters) - German Chancellor Angela Merkel said on Friday that she planned to develop a common stance with France on how to reform the euro zone by March. "I spoke yesterday with the French president about bringing together our positions by March," Merkel said at the end of a two-day summit of European leaders.
COPENHAGEN, Dec (Shanghai: 600875.SS - news) 15 (Reuters) - Following a string of food safety scandals, Chinese tourists visiting Copenhagen have this year stocked up on Danish-made organic infant milk formula, prompting some supermarkets to limit the number of cans each customer can buy. Arla Foods, one of Europe's biggest dairy companies, says Chinese demand for premium products and high food safety standards in Denmark have helped it almost double its sales to China this year. Food safety has been an important issue in China since a 2008 scandal killed six infants who had been fed milk powder that had been adulterated with the toxic melamine, normally used to make plastics.
Oil and gas firm DEA, controlled by Russian billionaire Mikhail Fridman, has sold its stakes in Norway's Nyhamna gas processing plant, the Polarled gas pipeline and offshore pipeline venture Gassled to ...