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Comcast to stop buying Sky shares in the market

LONDON (Reuters) – Comcast, the victor in the $40 billion auction for Sky, said it had acquired 38 percent of the British pay-TV group’s shares and did not intend to make any further market purchases for now. FILE PHOTO: The NBC and Comcast logos are displayed on 30 Rockefeller Plaza in midtown…

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H&M reassures on pricing after profit slide

STOCKHOLM (Reuters) – Shares in H&M (HMb.ST) rose on Thursday after the fashion retailer reassured investors that it would not need to cut costs further to shift unsold clothing despite a bigger than expected 20 percent fall in quarterly profit. FILE PHOTO: Logos of H&M are pictured on a store in Geneva,…

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Papa John’s asks potential acquirers to submit offers: sources

(Reuters) – Papa John’s International Inc (PZZA.O), the world’s third-largest pizza delivery company, has reached out to potential acquirers to ask them to submit offers, people familiar with the matter said on Wednesday. FILE PHOTO – The Papa John’s store in Westminster, Colorado, U.S. August 1, 2017. REUTERS/Rick Wilking Papa John’s has…

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Asian shares advance as Chinese stocks extend recovery

TOKYO (Reuters) – Asian shares pulled ahead on Wednesday, as Chinese markets extended their recovery to hit eight-week highs on receding fears about the trade war as well as hopes China’s weighting in the global benchmark will be increased. FILE PHOTO: A man walks past electronic boards showing Japan’s Nikkei average (L),…

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Versace takeover will bring jobs to Italy, its designer says

MILAN (Reuters) – Fashion house Versace did not receive any offers from Italian investors before selling to Michael Kors (KORS.N) but the deal with the U.S. fashion group will create jobs in Italy, creative director Donatella Versace told newspapers on Wednesday. Versace’s advertising banner is seen on Duomo cathedral in Milan, Italy,…

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Brexit and the City: A barometer for London’s financial outlook

LONDON (Reuters) – London’s skyline is changing fast, pierced by gleaming new skyscrapers which defy predictions of a Brexit-related slowdown in the capital’s two financial districts. Workers are seen crossing London Bridge with Tower Bridge seen behind during the morning rush hour in London, Britain, September 25, 2018. REUTERS/Toby Melville With only…

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