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World - Barclays posts sliding first-half profits

British bank Barclays saw first-half net profits tumble by almost a third, hit by non-core losses and an impairment at its French retail division, it said Friday. Turning to Britain`s recent EU exit referendum, Barclays -- which had backed the unsuccessful Remain campaign -- said it was well placed to survive any economic fallout. Earnings after taxation dived 31 percent to £1.1 billion ($1.45 billion, 1.31 billion euros) in the six months to June, compared with £1.6 billion a year earlier, Barclays said in a results statement.

Friday, July 29, 2016  08:22


World - Thomas Cook cuts outlook on security risks

British travel operator Thomas Cook cut its annual outlook on Thursday, and blamed sliding sales after the Brussels terror attack and Turkey`s more recent turmoil. Thomas Cook added in a results statement that it made an operating loss of £25 million in the third quarter of its financial year, or three months to the end of June. Revenue slid eight percent to £1.85 billion in the reporting period, which it said reflected the `impact of Turkey and Brussels`.

Thursday, July 28, 2016  14:27


World - Vettel supports Hamilton in yellow-flag row

Sebastian Vettel backed world champion Lewis Hamilton`s opinion that Nico Rosberg should have been penalised for driving through yellow flags in qualifying at the Hungarian Grand Prix. The four-time world champion on Monday repeated the view of race winner Hamilton by saying that it was a bad example to other drivers. `And next week, there`ll be a go-kart race somewhere and there will be a double yellow flag because somebody went off and the marshals probably go out to help him.

Monday, July 25, 2016  17:06


World - France`s EDF approves contested British nuclear plan

French energy giant EDF`s board on Thursday approved building Britain`s first nuclear power station in decades, a mammoth project which critics fear could bankrupt the French utility. EDF`s directors had been deeply divided over the planned construction of two nuclear reactors at Hinkley Point in southwest England for £18 billion (21.4 billion euros, $23.8 billion). In a letter seen by AFP, Gerard Magnin said he could no longer support France`s strategy to push nuclear energy at the expense of other options.

Thursday, July 28, 2016  21:30


World - France`s EDF board approves British nuclear plan: source close to talks

French energy giant EDF`s board gave the go-ahead Thursday to the building of a controversial nuclear power station in Britain which has faced fierce criticism over its £18 billion price tag, a source close to talks said. The planned construction of two nuclear reactors at Hinkley Point costing the equivalent of 21.4 billion euros ($23.8 billion) won the backing of the EDF board of directors, with 10 members voting in favour and seven against, the source said.

Thursday, July 28, 2016  18:14


World - Britain plans £344m expansion for London City Airport

The British government hailed a £344 million (410 million euro, $450 million) investment to expand London City Airport on Wednesday as evidence Britain was `open for business` despite its Brexit vote. Finance minister Philip Hammond was at the airport to cheer the announcement by the Canadian-Kuwaiti consortium which owns the airport, a business travel hub located close to Britain`s financial centre. The `ambitious growth plans will boost international connections, strengthening the City of London`s links to destinations across the world, and send a clear signal that Britain is open for business,` he said.

Wednesday, July 27, 2016  11:31


World - UK drugs giant GSK invests £275 mn despite Brexit

Pharmaceutical giant GlaxoSmithKline on Wednesday revealed plans to invest £275 million in three of its British manufacturing sites, shrugging off Brexit worries. The investment -- worth $361 million or 328 million euros -- will be ploughed into facilities in Barnard Castle in northeastern England, Ware in the southeast, and Montrose in Scotland, GSK said in a statement. GSK, which already employs 6,000 staff across its nine manufacturing plants in Britain, also noted that the investment would provide new job opportunities.

Wednesday, July 27, 2016  09:47


World - Dortmund dismiss City`s Aubameyang interest

Borussia Dortmund have dismissed reports that Pep Guardiola`s Manchester City are poised to offer at least £58 million (70m euros, $77m) for star striker Pierre-Emerick Aubameyang. According to British media, City are in advanced talks with the Gabon international, who scored 39 goals for Dortmund in all competitions last season as they finished runners-up to Bayern Munich in Germany`s top flight. `All these rumours have already followed us this summer,` Dortmund team manager Michael Zorc told German daily Bild.

Tuesday, July 26, 2016  12:53


World - Lyon reject Arsenal bid for Lacazette

Lyon (AFP) - French club Lyon said Tuesday they had rejected a 35-million-euro (£29 million, $39 million) bid from Arsenal for star striker Alexandre Lacazette.

Tuesday, July 26, 2016  12:44


World - Liverpool`s Allen makes Stoke switch

Stoke City have signed Wales international midfielder Joe Allen from Liverpool on a five-year deal, the two Premier League clubs announced on Monday. Stoke paid £13 million (15.5 million euros, $17 million) to make Allen the club`s second signing of the pre-season after tying up a deal for Egyptian teenager Ramadan Sobhi earlier in the day. Allen was named in UEFA`s team of the tournament as Wales reached the semi-finals of Euro 2016, but the 26-year-old struggled for playing time under Jurgen Klopp at Anfield last season.

Monday, July 25, 2016  21:35

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