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  • AMSTERDAM, Nov 30- Akzo Nobel gained shareholder approval on Thursday to spin off its 10 billion euro chemicals division as part of plans to placate investors after the Dutch paintmaker rejected a takeover offer from rival PPG Industries. The sale of the chemicals operation was described by Chief Executive Thierry Vanlancker as "essential" for further growth...

  • AMSTERDAM, Nov 30- Akzo Nobel will seek shareholder approval on Thursday to spin off its 10- billion euro chemicals division, part of plans to placate investors after the Dutch paintmaker rejected a takeover offer from rival PPG Industries. But PPG CEO Michael McGarry has said that PPG has "moved on" from Akzo, and is now seeking other opportunities for growth.

  • LONDON, Nov 30- Europe's biggest biotechnology company, Denmark's Genmab, expects some delays to regional drug approvals as the European Medicines Agency is uprooted from London to Amsterdam. The drugs watchdog has to move by March 2019 as London will no longer be in the European Union once Britain leaves the bloc. "Of course you are going to see disturbance when...

  • *Plan is to boost traffic to Europe and then North America. MUMBAI, Nov 29- India's Jet Airways and Air France-KLM on Wednesday announced a partnership to route more traffic through Europe and on to North America, in a potential challenge to Gulf carrier Etihad Airways that is a shareholder in Jet. The "enhanced cooperation agreement" with Air France-KLM, signed in...

  • After rebuffing a $143 billion takeover offer from Kraft Heinz, Unilever said in April it would review its dual structure under which it is based and listed in both Britain and the Netherlands, aiming for a decision by the end of the year. A recent move by the Dutch government to scrap a tax on dividends was seen as an effort to keep the maker of Dove soap and Knorr soup...

  • After rebuffing a $143 billion takeover offer from Kraft Heinz, Unilever said in April it would review its dual structure under which it is based and listed in both Britain and the Netherlands, aiming for a decision by the end of the year. A recent move by the Dutch government to scrap a tax on dividends was seen as an effort to keep the maker of Dove soap and Knorr soup...

  • LONDON, Nov 28- Unilever sees a single corporate structure as in the best interests of the company and its shareholders, but has not yet made a decision to pursue one, it said on Tuesday. A move to abandon either its Rotterdam or London headquarters would be politically sensitive, especially given Britain's planned exit from the European Union.

  • PARIS, Nov 24- France's Chanel has no immediate plans for online sales of its coveted outfits or handbags, a senior executive said on Friday, making it one of the fashion world's last hold-outs as rivals experiment with websites to win over new clients. But it will draw the line there for the foreseeable future, said Bruno Pavlovsky, president of fashion at Chanel.

  • *Spot gold may break above a resistance at $1,296- technicals. LONDON, Nov 24- Gold prices dipped on Friday as some investors locked in profits at the end of the week, but there are expectations that the market could advance towards $1,300 next week. "I think gold will move back towards $1,300 next week or the week after, maybe on the back of dollar weakness," Georgette...

  • LONDON, Nov 23- Traders are chasing gasoline and diesel cargoes and drawing volumes away from Europe to prepare for a particularly heavy round of refinery works around the world. Buyers from Venezuela to Singapore, still recovering from the loss of millions of barrels in U.S. refining in the autumn due to Hurricane Harvey, are now grappling with upcoming...

  • LONDON, Nov 23- Traders are chasing gasoline and diesel cargoes and drawing volumes away from Europe to prepare for a particularly heavy round of refinery works around the world. Buyers from Venezuela to Singapore, still recovering from the loss of millions of barrels in U.S. refining in the autumn due to Hurricane Harvey, are now grappling with upcoming...

  • LONDON, Nov 23- Traders are chasing gasoline and diesel cargoes and drawing volumes away from Europe to prepare for a particularly heavy round of refinery works around the world. Buyers from Venezuela to Singapore, still recovering from the loss of millions of barrels in U.S. refining in the autumn due to Hurricane Harvey, are now grappling with upcoming...

  • LONDON, Nov 21- Drugmakers are racing to implement Brexit contingency plans to prepare for a jolt to their regulatory system as the European Medicines Agency is uprooted from London to Amsterdam. Amsterdam maybe the least-worst option for staff retention, with 81 percent of EMA staff surveyed ready to move to the Dutch city, but there is still a real fear of...

  • LONDON, Nov 20- Amsterdam's success in winning the battle to host the European Medicines Agency, which is relocating from London because of Brexit, was welcomed by drug manufacturers on Monday hoping for the least disruption due to staff losses at the regulator. Based in London since 1995, with a staff of around 890, the EMA acts as a one-stop-shop for approving...

  • LONDON, Nov 20- Amsterdam's success in winning the battle to host the European Medicines Agency, which is relocating from London because of Brexit, was welcomed by drug manufacturers on Monday hoping for the least disruption due to staff losses at the regulator. Based in London since 1995, with a staff of around 890, the EMA acts as a one-stop-shop for approving...

  • PARIS, Nov 19- French Finance Minister Bruno Le Maire on Sunday rejected "doom-mongering" over the debt level of telecoms and cable group Altice, but said he would closely monitor any risks to employment. Shares of the Amsterdam- based holding company have fallen more than 40 percent since it reported disappointing third-quarter results on Nov. 2, and its...

  • *Japan Fair Trade Commission suspects site broke antitrust rules. TOKYO, Nov 17- Japanese fair trade regulators raided last month the offices of Airbnb Inc over suspected violations of antitrust laws, the home rental site said on Friday, denying any wrongdoing. "All hosts and partners in Japan who list properties on Airbnb are able to list them on other platforms,...

  • *Aims to improve performance in France. BARCELONA/ LONDON, Nov 15- Embattled billionaire Patrick Drahi is shifting the focus at Altice, the telecoms and cable group he founded, from acquisitions to debt reduction and customer satisfaction following disappointing third-quarter results. The results showed the group had lost around 75,000 broadband customers...

  • *France's official limit is 120 days/year on main residence. The decision, which goes into effect in January and mirrors initiatives already in place in London and Amsterdam, will force hosts to effectively comply with France's official limit on short-term rentals of 120 days a year for a main residence. "Paris is Airbnb number one city worldwide and we want to...

  • PARIS, Nov 14- Short-term rental website Airbnb, which has been challenging traditional hotel operators such as Accor and Marriott, said it would automatically cap the number of days its hosts can rent their property each year in central Paris. The decision, which goes into effect in January and mirrors initiatives already in place in London and Amsterdam, will...