Michael Van Dulken, head of research at Accendo Markets, discusses G4S following the announcement that its CEO is retiring and says the change of leadership could lead to restructuring.» Read More
*CEO Nick Buckles to step down at end of May. *Will be replaced by CFO Ashley Almanza. Nick Buckles, 52, who has led the company for eight years, will be succeeded at the end of the month by Chief Financial Officer Ashley Almanza, a former executive of oil and gas firm BG Group who joined in March.
LONDON, May 21- Vodafone will reinvest a $3.2 billion dividend from its healthy U.S. arm to counter weakness in southern Europe that contributed to the largest ever quarterly fall in the group's main revenue measure.
LONDON, May 21- Gold, down in seven of its last eight sessions, was off by around one percent on Tuesday morning on a firm dollar, weak technical signals and speculation that the U.S. Gold has been hit by a shift in investment into higher-yielding equities since the start of the year on signs of an improving global economic outlook, particularly in the United States.
*Group wants to move tax residence to UK from Italy. MILAN, May 21- Truck and tractor maker Fiat Industrial intends to move its tax residence to the UK from Italy after its planned merger with unit CNH, according to a filing with U.S. regulators, a move that would lower its tax bill.
LONDON, May 21- Central bank cash may not be enough to keep European stocks rising beyond the end of the year in the face of the region's weak company and economic performance. That's unusual and unsustainable in the long run, " Michael Barakos, chief investment officer for European equities at JPMorgan Asset Management.
CAPE TOWN, May 21- A two-day wildcat strike at a Mercedes Benz plant in South Africa ended on Tuesday but industrial union NUMSA demanded a hefty pay hike for the sector, raising the prospect of labour unrest in factories alongside turmoil in the mines.
JAKARTA, May 21- Freeport McMoRan Copper& Gold Inc's Indonesian mine could face a prolonged closure and scrutiny over its underground mining plans after one of the country's worst-ever mining disasters, analysts and mining sources said.
LONDON, May 21- Copper slipped on Tuesday as traders grew nervous ahead of a slew of factory data this week and as they focused on disappointing import numbers from top consumer China, though losses were capped by confidence in the U.S. economy.
LONDON, May 21- Brent oil futures fell towards $104 per barrel on Tuesday on concerns that the U.S. Investors are focussing on the release of minutes of the Fed's last meeting and testimony by Fed Chairman Ben Bernanke to Congress, both scheduled for Wednesday.
*CEO refuses to comment on sale of Verizon stake. *Will keep hold of latest Verizon payout. Rapid growth in Verizon, a solid performance in emerging markets and cost cuts however helped the group to offset some of the weakness and report slightly better than expected profit and earnings per share.
LONDON, May 21- European shares fell from multi-year highs on Tuesday, with the UK market having hit a near 13- year peak this week, as concerns over a possible end to central bank stimulus measures halted the region's equity rally.
LONDON, May 21- Bwin.party has targeted cost savings of 70 million euros this year as it joins other online gambling companies pulling back from markets where regulations are not clear cut.
LONDON, May 21- The dollar rose against the yen on Tuesday after a Japanese minister clarified remarks about the yen's drop, but many awaited the Federal Reserve chief's testimony before adding to bets on a stronger U.S. currency. Chairman Ben Bernanke testifies to Congress on Wednesday and his words will be combed for clues on the timing.
LONDON, May 21- The dollar edged higher, gold steadied and European shares remained near five-year highs on Tuesday as investors wait to see if the U.S.
LONDON, May 21- Britain's competition regulator may force major cement producers to sell plants as part of efforts to break open the country's cement market, after finding a limited number of players was likely to be causing higher prices.
Michael Van Dulken, head of research at Accendo Markets, discusses G4S following the announcement that its CEO is retiring and says the change of leadership could lead to restructuring.
CNBC's Tom MacKenzie reports on the appointment of the first ever British astronaut, Major Tim Peake, selected from over 8,000 applicants for a five-month mission in 2015.
SAN FRANCISCO, May 20- Yahoo Inc announced on Monday it would shell out $1.1 billion to buy blogging service Tumblr, in a bid to revitalize its brand and attract a younger generation of users.
SINGAPORE, May 21- London copper recouped early losses on Tuesday, underpinned by confidence in the U.S. economy, although gains were kept in check ahead of a slew of factory data this week that may point to softer global growth.
SINGAPORE, May 21- London copper edged lower on Tuesday as traders focused on slowing demand growth in top consumer China against a background of a flagging global economy and ahead of key factory figures this week. *The most-traded September copper contract on the Shanghai Futures Exchange climbed 0.87 percent to 53,100 yuan a tonne.