LONDON (Alliance News) - Beverage maker Rexam PLC said Thursday that it had acquired a 51% stake in can maker United Arab Can Manufacturing Ltd for USD122 million. The company expects to complete the acquisition in the third quarter of 2014. UAC has an annual capacity of 1.8 billion c Read More

UK MIDDAY BRIEFING: Mis-Selling Bill Continues To Mount For UK Banks

3rd Feb 2014 13:46

LONDON (Alliance News) - UK banks are still counting the cost of their product mis-selling, with Lloyds Banking Group Monday adding a further GBP1.93 billion to the amount it has set aside to cover claims for previous sales of payment protection insurance and interest rate hedging products. <p Read More

UK WINNERS & LOSERS: Rurelec Drops 25% As Bolivia Award Disappoints

3rd Feb 2014 11:26

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Monday. ------- FTSE 100 - WINNERS Randgold Resources, up 2.1%. In a difficult environment for gold miners, Read More

Rexam To Return Cash To Shareholders Once Healthcare Units Are Sold

3rd Feb 2014 08:02

LONDON (Alliance News) - Packaging company Rexam PLC Monday said it will return about GBP450 million to shareholders once it receives the USD805 million cash proceeds from the proposed sale of most of its healthcare packaging unit, a move that will leave it focused on drinks cans. In a stat Read More

UPDATE: Stuart Chambers Replaces John Buchanan As ARM Holdings Chair

27th Jan 2014 08:27

LONDON (Alliance News) - ARM Holdings PLC said Monday that Non-Executive Chairman John Buchanan is stepping down due to a medical condition. He will be succeeded by Stuart Chambers, currently chairman of FTSE 100 packaging company Rexam PLC. Chambers also currently serves a non-executive d Read More

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