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Wires

  • LONDON _ IHS Markit Ltd. on Tuesday reported fiscal first-quarter profit of $66 million. IHS Markit expects full-year earnings in the range of $2.02 to $2.08 per share, with revenue in the range of $3.49 billion to $3.56 billion. IHS Markit shares have climbed 13 percent since the beginning of the year.

  • LONDON, March 28- Barclays is in exclusive talks to sell its stake in its Zimbabwe unit to Malawi- based First Merchant Bank, the lenders said on Tuesday, as the British bank continues its exit from Africa. First Merchant Bank said in a statement on its website it was in exclusive talks to buy out the 68 percent of Barclays Bank of Zimbabwe owned by the British company.

  • BERLIN— Leftist protesters are claiming responsibility for torching a half dozen police transport vehicles in Hamburg ahead of this year's G-20 summit in Germany. In a message on a leftist forum online, an anonymous poster wrote the attack was meant to "heat up the days before the summit," the dpa news agency reported Tuesday. The G-20 summit is planned for July 7...

  • LONDON, March 28- Initial public offerings by companies based in Britain have raised $1.53 billion so far in 2017, a 28 percent decline on last year and the lowest year-to-date total since 2012 as Britain prepares to leave the EU, Thomson Reuters data shows. With London set to begin the process of leaving the European Union on Wednesday, and elections in France and...

  • LONDON, March 28- Royal Bank of Scotland has nudged up an offer to the final group of claimants seeking damages over an emergency cash call in 2008, a source familiar with the situation said on Tuesday. The Edinburgh- based bank, which is more than 70 percent owned by taxpayers, has offered an additional 2 pence per share to 43.5 pence a share to a group of claimants,...

  • NEW YORK, March 28- Facundo L. Bacardi had little interest in joining the family business, which happens to be the largest privately held spirits company in the world, with a portfolio of more than 200 brands, including Bombay Sapphire, Grey Goose and Dewars. Now 50, he has been chairman of the board of Bermuda- based Bacardi Limited since 2005 and a director since 1993.

  • The San Francisco- based company said on Tuesday that small-and medium-sized businesses in the U.K. would be able to use Square's credit card reader to accept payments on mobile devices. Reuters reported in July that Square had incorporated a business called Squareup Europe Ltd in Britain and the company had been testing its payment system in London.

  • RBS OFFERS AN ADDITIONAL 2 PENCE PER SHARE TO REMAINING INVESTORS CLAIMANTS OVER 2008 CASH CALL.

  • ROYAL BANK OF SCOTLAND RAISES OFFER TO LAST INVESTOR GROUP IN 2008 RIGHTS ISSUE CLAIM- SOURCE.

  • COPENHAGEN, Denmark— The Danish branch of the ride-sharing service Uber is shutting down its activities in Denmark over a law proposal that toughens standards for cabs. Uber's spokesman in Denmark, Kristian Agerbo, said Tuesday "we must take the consequence," adding the proposal, demanding cabs and cars for hire must have seat occupancy sensors and meters was "...

  • *Says to take SEK 7- 9 bln in provisions in Q1. By Helena Soderpalm and Olof Swahnberg. STOCKHOLM, March 28- Sweden's Ericsson will book up to $1.7 billion in provisions, writedowns and restructuring costs in the first quarter as its new CEO outlined his strategy to lead the telecom equipment maker out of its worst crisis in a decade.

  • JOHANNESBURG/ PRETORIA, March 28- Finance Minister Pravin Gordhan flew back into South Africa on Tuesday, obeying an abrupt recall from President Jacob Zuma, and said "let's wait and see" when asked about reports that he was about to be sacked. The rand fell sharply after Zuma ordered Gordhan's immediate return from a trip to Britain on Monday, rattling investors...

  • TEL AVIV, March 28- Israeli food company Strauss Group reported a 22 percent drop in quarterly profit on Tuesday, hurt by a recall of its Sabra spreads in the United States, and said it was buying back the rest of its coffee subsidiary. Strauss, which produces snacks, fresh foods and coffee, said it had agreed to buy back a 25.1 percent stake in Strauss Coffee from buyout...

  • *Core profit up 89 percent at 20.81 billion yuan. *Total borrowings rise 80 percent to 535.1 billion yuan. The homebuilder also said its total borrowings rose 80 percent to 535.1 billion yuan, while perpetual capital instruments- high-interest debt "disguised" as equity- rose 49 percent to 112.9 billion yuan.

  • SHANGHAI/ HONG KONG, March 28- China Huishan Dairy Holdings Co Ltd, which saw $4 billion wiped off its shares in a single day last week, said on Tuesday it had missed loan repayments and lost contact with a key executive in charge of its finances and cash. Huishan has been on the backfoot since a December attack by U.S.-based short-seller Muddy Waters.

  • DUBAI, March 28- Amazon.com has agreed to buy Middle East online retailer Souq.com, thwarting a last minute bid by Dubai billionaire Mohamed Alabbar's Emaar Malls. The deal appeared to get the endorsement of the Dubai government which is increasingly focusing on technology. The Emar offer was not the first online move to be made by Alabbar, who made his name as...

  • Chief Executive John Martin said Wolseley, which started life in 1887 manufacturing machine tools and was involved in early motor car production, would keep its main market listing in London where it is a constituent of the FTSE 100 index. The renaming of the parent company, subject to investor approval, alongside news that Wolseley will switch to reporting...

  • KHOBAR/ DUBAI, March 28- Citigroup has formally applied for a license to conduct capital markets business in Saudi Arabia, two sources familiar with the matter said, in a move to return to the country after an absence of nearly 13 years. The application has been made with Saudi Arabia's Capital Market Authority, whose primary role is to regulate and develop the...

  • KHOBAR/ DUBAI, March 28- Citigroup has formally applied for a licence to conduct capital markets business in Saudi Arabia, two sources familiar with the matter said, in a move to return to the country after an absence of nearly 13 years. The application has been made with Saudi Arabia's Capital Market Authority, whose primary role is to regulate and develop the...

  • COPENHAGEN, March 28- Ride-hailing group Uber Technologies will discontinue its services in Denmark due to the country's new taxi law, it said at a press conference in Copenhagen on Tuesday, according to local broadcaster TV2 News.