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Daimler

Geely owner acquires 10% stake in Daimler

Li Shufu, the principal owner of Chinese auto group Zhejiang Geely, has purchased a 10% stake in automaker Daimler.

James Hester
VW

VW shares slip on mixed outlook

Volkswagen shares slipped 0.8% on Friday after the company warned profits could be hit this year due to rising investment in electric cars and new product launches.

James Hester
Photo of BA plane

PM update: IAG and RBS shares slump, VW profits climb, US shares up

There was little cheer from the FTSE 100 earlier, sinking -0.30% as IAG shares lost altitude, down -5.5%.

Adrian Holliday
Mini

BMW to build all-new electric Mini in China

BMW is set to build an all-new electric Mini in China in a new joint venture with Chinese company Great Wall.

Richard Reed
General Mills

General Mills to buy Blue Buffalo in $8bn deal

US-based food group General Mills is to acquire luxury dog food maker Blue Buffalo Pet Products in an $8bn deal.

James Hester
Tesla

Tesla’s electric trucks could soon pay off, says DHL

Tesla’s electric trucks could soon pay off, according to German juggernaut Deutsche Post DHL – the world’s biggest logistics company.

Richard Reed
BlackRock

BlackRock quizzes gun firms after shooting

Investment giant BlackRock has said it will be “engaging with weapons manufacturers and distributors to understand their response to recent events”.

Richard Reed
Building site

Persimmon bosses take £51m bonus cuts after shareholder revolt

Bosses at UK house-builder Persimmon are to take cuts to their bonuses worth £51m after criticism from shareholders.

Richard Reed
Standard Life Aberdeen logo

Standard Life Aberdeen sells insurance business to Phoenix

Standard Life Aberdeen, the newly merged fund management business, is to sell its insurance arm to Phoenix Group in a £3.2bn deal.

Richard Reed
Apple Pay

Apple doubles Apple Pay users – and faces huge EU fine

The number of iPhone owners using Apple Pay has doubled over the past 12 months, according to new estimates.

Richard Reed
Pair of feet standing on a tarmac road with arrows pointing in different directions

Stocks and dollar struggle for direction, says Centtrip analyst

After a tumultuous week, the stock market, Miles Eakers, chief market analyst at Centtrip says is struggling for direction.

Claire Hunte
pearson

Pearson returns to profit in 2017

Pearson, the FTSE 100-listed publishing group, reported full-year profits in line with the top end of its own forecasts on Friday, delivering also an upbeat assessment of its prospects in 2018

Neil Dennis
Snap sign on the New York Stock Exchange

Snapchat hit by reality star influence and unpopular redesign

Snapchat has had a long week. Its redesign has been unpopular as 1.2 million users vote for a rollback and on Thursday the company had $1.7bn of share value wiped off after reality star, Kylie Jenner of Kardashian fame and uber Snapchat user, tweeted unfavourable views.

Claire Hunte
iag

British Airways operator reports full-year profit growth

International Consolidated Airlines reported a near 19% rise in full-year operating profit on Friday, thanks to lower non-fuel costs, and increased capacity, while its strong cash position prompted the announcement of a share buyback

Neil Dennis
rbs

RBS reports first profit in a decade

Royal Bank of Scotland reported on Friday its first full-year bottom-line profit since it was bailed out and taken under the ownership of the British taxpayer

Neil Dennis




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