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U.K. Mining Stocks Retreat, Paced by BHP, Anglo; Britvic Soars
U.K. stocks dropped for a second day as BHP Billiton and Anglo American Plc paced a decline by mining shares.
Britvic Plc jumped to the highest level this year after a report that its main shareholder sold a stake in the company.
Corus: The Buyout Battle Heats Up
The $9.8 billion offered for the steelmaker by Brazil’s CSN has topped Tata’s proposed price, though the Indian outfit may make a counterbid.
Shares of Anglo-Dutch steel company Corus Group (CGA) rose more than 5% on Dec. 11 on news that Brazil’s Companhia Siderurgica Nacional (SID), or CSN, topped a previous takeover offer for the company [...]
Telecoms Weigh on Europe
European markets finished largely in the negative, dragged by U.S. market losses and further weakness in the telecommunications sector. Deutsche Telekom dropped 3%, Vodafone Group lost 1.8% and BT Group lost 0.3%. Companies in France gained on strong second-quarter GDP figures. The German DAX 30 lost 0.1%, London FTSE 100 fell 0.1%, while the French [...]
