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Struggling supermarket Morrisons sees 35 percent profit drop

Morrisons (LON:MRW) has announced plans to close 11 of its stores, in a effort to reverse the fortunes of the struggling supermarket chain. The company disclosed a 35 percent slump...
avacta

Japanese stocks soar, FTSE jumps

Asian markets stabilised on Wednesday, with Japan's Nikkei gaining almost 8% in its biggest one-day jump since late 2008. The benchmark index closed up 7.71% at 18,770.51 points....
ryanair

Ryanair raises full year profit guidance by 25 percent

Budget airline Ryanair (LON:RYA) issued a surprise trading statement this morning, raising its full year net profit guidance by 25%. The guidance has been adjusted up...

Japanese insurer agrees buyout deal with Amlin plc

Insurance company Amlin (LON:AML) is one of the biggest movers on the stock market this morning after announcing that it has agreed to an acquisition by Japanese...

Betfair and Paddy Power agree £5 billion merger

Two of the biggest online gambling firms, Paddy Power and Betfair (LON:BET), have announced a £5 billion merger to create a new FTSE 100 industry giant. The...
oil

Glencore announces debt reduction plans

Commodities giant Glencore (LON:GLEN) has announced plans to reduce its net debt of some £19.8 billion via a proposed equity issuance. Together with other debt...
tesco supermarket

Tesco sells South Korean chain Homeplus for £4.2bn

British supermarket giant Tesco (LON:TSCO) has agreed to sell Homeplus, its South Korean unit, to private equity firm MBK Partners for £4.2 billion. Tesco Chief Executive Dave Lewis...
racing

GVC beats rival 888 to Bwin bid

GVC Holdings (LON:GVC) have trumped rival 888 after winning the bidding to buyout Bwin.party Digital Entertainment (LON:BPTY) for about £1.06 billion. Both companies have been vying for...

Toshiba set to disclose 10 billion yen loss

Japanese electronics firm Toshiba (TYO:6502) may disclose a net loss of about 10 billion yen (54.24 million pounds) later this week when it reports its...
easyjet

Easyjet up 7 percent on strong August figures

Budget airline EasyJet (LON:EZJ) raised their full year profit forecast to between £675m and £700m, after seeing a record number of passengers in August....