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Wires

  • LONDON— British Prime Minister Theresa May is gathering her divided ministers for a marathon meeting aimed at hammering out a common position on Brexit. The first group includes Foreign Secretary Boris Johnson and International Trade Secretary Liam Fox, the second Treasury chief Philip Hammond and Home Secretary Amber Rudd. Britain is due to start...

  • Reese's Peanut Butter Chocolate Cake Cheesecake at the Cheesecake Factory.

    The Cheesecake Factory reported fourth-quarter earnings of $57.7 million, matching analysts' expectations.

  • BERLIN— German business confidence dropped sharply in February amid increasing concerns about both domestic and international risks. The Munich- based Ifo Institute said Thursday its business climate indicator fell to 115.4 points in February from 117.6 in January, while noting it remained near historic highs. ING economist Carsten Brzeski says the...

  • LONDON, Feb 22- BAE Systems forecast flat 2018 earnings on Thursday as it adjusts to lower production of Eurofighter Typhoon jets, sending shares in the British defense company lower. BAE shares were down 2.3 percent at 587 pence at 1026 GMT. Jefferies analyst Sandy Morris said CEO Charles Woodburn, who took over last July, may also be taking a new approach.

  • *Bank forecasts 2018 dividend of 6.5 pence. LONDON, Feb 22- Barclays PLC showed its confidence in future earnings on Thursday by restoring its full dividend, despite lacklustre investment banking income, restructuring costs and U.S. tax reforms hitting the bank's 2017 bottom line. Shares in the British bank were up 5.1 percent to 212 pence at 1043 GMT, sending...

  • HAMILTON, Bermuda _ Teekay Corp. on Thursday reported a loss of $13.7 million in its fourth quarter. On a per-share basis, the Hamilton, Bermuda- based company said it had a loss of 16 cents. Teekay shares have decreased 18 percent since the beginning of the year.

  • Feb 22- British construction sites are starting to see a labour shortage as Eastern Europeans, who have traditionally filled the bulk of on-site jobs, have stopped taking positions after Britain's decision to leave the EU, recruiter Hays said. Chief Executive Alistair Cox said there was "less appetite" for non-British workers to take jobs following the Brexit...

  • LONDON, Feb 22- Barclays pays women in its international division on average half of what men earn, the British bank revealed on Thursday, underscoring how major financial firms still have far fewer female employees in senior roles. The mean gender pay gap in Barclays International, which houses the bank's investment banking unit, is 48 percent, Barclays said,...

  • *Contribution from next-generation products disappoints. LONDON, Feb 22- British American Tobacco's weaker than expected 2017 sales growth and progress on next-generation products combined to send its shares down more than 4 percent on Thursday. BAT reported full-year revenue up 37.6 percent at 20.29 billion pounds, shy of an expected 20.55 billion pounds,...

  • Environmental group DUH sued city authorities in Stuttgart, in Germany's carmaking heartland, and in Duesseldorf over levels of particulate matter exceeding European Union limits. The issue goes beyond Germany, Europe's largest economy and home to some of the continent's biggest carmakers. Authorities in Paris, Madrid, Mexico City and Athens have said they...

  • AURORA, Ontario _ Magna International Inc. on Thursday reported fourth-quarter net income of $556 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.58 per share. Four analysts surveyed by Zacks expected $9.96 billion.

  • *Investors price in more Fed tightening after minutes. *Wall Street set for weaker session. LONDON, Feb 22- World stocks tumbled to one-week lows on Thursday after the U.S.

  • BAMBOLIM, India, Feb 22- Caught between logistical bottlenecks and surging demand from power plants, India will likely increase coal imports in 2018, industry executives said, in what would be a setback to the government's plans to cut the country's dependence on foreign supplies. The projected higher coal demand, which would reverse two years of declines, will...

  • *China's Fosun to invest 100 mln eur in Lanvin- source. PARIS, Feb 22- Fosun is taking control of Lanvin, France's oldest surviving couture label, in the Chinese conglomerate's most prominent fashion investment yet. Lanvin, until now majority-owned by Taiwan- based media magnate Shaw- Lan Wang, had struggled financially in recent years after switching designers.

  • Feb 22- Canadian auto parts maker Magna International Inc on Thursday posted a better-than-expected quarterly profit, helped by higher production sales in Europe. The Aurora, Ontario- based company's sales rose to $10.39 billion from $9.25 billion. Net income attributable to Magna rose to $556 million, or $1.53 per share, in the fourth quarter ended Dec. 31, from...

  • LONDON, Feb 22- Britain's economy was weaker than previously thought in 2017, official data showed on Thursday, leaving the country lagging further behind the global recovery as it prepares to leave the European Union. The downgrade of the full-year and fourth-quarter growth rates also raised questions about the strength of the economy as the Bank of England...

  • LONDON, Feb 22- Oil prices fell on Thursday, dragged lower by a firmer dollar that offset support from a surprise decline in U.S. crude inventories. Brent crude futures were down 28 cents at $65.14 a barrel by 1007 GMT, while West Texas Intermediate futures dropped 37 cents to $61.31 a barrel. "The firming dollar continues to thwart investor sentiment despite the...

  • LONDON, Feb 22- European shares retreated on Thursday as a flurry of corporate results failed to lift sentiment after a new wave of speculation about faster hikes in U.S interest rates hit Wall Street and Asia and soured risk appetite globally. An hour after the open, the publication of the German business confidence index, which fell more than expected in...

  • HAMILTON, Bermuda _ Teekay Tankers Ltd. on Thursday reported a fourth-quarter loss of $1.9 million, after reporting a profit in the same period a year earlier. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 6 cents per share. Four analysts surveyed by Zacks expected $87.9 million.

  • BRUSSELS— European Union leaders meet without Britain Friday looking to plug a major budget hole after Brexit and endorse a plan to streamline the European Parliament by sharing out the country's seats. In an implicit warning to Britain, EU Council President Donald Tusk, who chairs the summit, says he will inform leaders how he plans to draw up the guidelines for...