sharewatch-com-blog

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Homebuilder Lennar’s third-quarter profit rises 5.6 percent U.S. homebuilder Lennar reported a 5.6 percent rise in quarterly profit on Tuesday, driven by an increase in home sales and higher prices. Sourced through Scoop.it from: www.cnbc.com

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Uber’s CEO is holding crunch talks with London regulators to try to overturn its ban Khosrowshahi will discuss TFL's decision to not renew Uber's operating license in London. Sourced through Scoop.it from: www.cnbc.com

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AIB seeks approval for new holding company AIB has filed an application with the High Court that will see the company pressing ahead with a corporate restructuring. Sourced through Scoop.it from: www.rte.ie

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Takata says $1.6 billion KSS deal to be signed in within two weeks Key Safety Systems has agreed to terms on the $1.6 billion (1.2 billion pounds) purchase of assets of Takata Corp 7312.T, stricken by a recall of its faulty vehicle air bags, and final documents will be signed in less than two weeks, a lawyer for Takata's U.S. unit said on Monday. Sourced through Scoop.it from: uk.reuters.com

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Equifax failed to patch security vulnerability in March: former CEO Equifax Inc (EFX.N) was alerted in March to the software security vulnerability that led to hackers obtaining personal information of more than 140 million Americans but took months to patch it, its former CEO said in testimony to be delivered to Congress on Tuesday. Sourced through Scoop.it from: uk.reuters.com

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Flannery takes GE chairman role as Immelt retires early General Electric Co (GE.N) named John Flannery chairman of the board on Monday, three months ahead of schedule, after former CEO Jeff Immelt retired earlier than expected from the chairmanship. Sourced through Scoop.it from: uk.reuters.com

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Wells Fargo rehires workers pushed aside in accounts scandal Wells Fargo & Co (WFC.N) Chief Executive Officer Tim Sloan apologised for a phoney accounts scandal and said the U.S. bank had hired back nearly 2,000 workers who had quit or were fired, according to prepared congressional testimony. Sourced through Scoop.it from: uk.reuters.com

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Facebook says 10 million U.S. users saw Russia-linked ads Some 10 million people in the United States saw politically divisive ads on Facebook that the company said were purchased in Russia in the months before and after last year's U.S. presidential election, Facebook said on Monday. Sourced through Scoop.it from: uk.reuters.com

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Adecco buys career transition firm Mullin Adecco (ADEN.S), the world's biggest staffing group, has acquired privately held outplacement firm Mullin International, the Swiss company said on Tuesday, providing no financial terms. Sourced through Scoop.it from: uk.reuters.com

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UK drinks maker Britvic to close Norwich plant, cut 242 jobs British soft drinks group Britvic Plc (BVIC.L) said on Tuesday it would close its Norwich manufacturing site, resulting in 242 job cuts. Sourced through Scoop.it from: uk.reuters.com

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Greggs serves up solid growth as menu focus continues Bakery chain Greggs reported solid third quarter growth on Tuesday, claiming total sales were up 8.6% in the 13 weeks to 30 September, compared to 5.6% growth at the same time last year, while like-for-like sales in company-managed shops improved 5.0%, up from 2.8%. Sourced through Scoop.it from: www.digitallook.com

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Wizz Air passenger numbers up 26% in September Central and Eastern Europe-focused low-cost carrier Wizz Air reported a 26% jump in passenger numbers in September, as the load factor ticked higher. Sourced through Scoop.it from: www.digitallook.com

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Electrocomponents fizzes in first half, second likely to be tougher Electrocomponents expects a 42% increase in profits for the first half after enjoying an acceleration in revenue growth and market share in the second quarter and achieving a "modest increase" in gross margin. Sourced through Scoop.it from: www.digitallook.com

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Great Portland Estates makes solid leasing and development progress Great Portland Estates announced a “busy quarter” of leasing activity on Tuesday, with 28 new leases, rent reviews and renewals completed securing £10.2m of annual rent, along with “good progress” on delivering its three committed development schemes. Sourced through Scoop.it from: www.digitallook.com

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Ryanair traffic up 10% in September despite cancellations Beleaguered budget airline Ryanair posted a 10% jump in traffic for September on Tuesday as the load factor rose. Sourced through Scoop.it from: www.digitallook.com

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Coca-Cola HBC’s Dimitirs Lois dies, company confirms Coca‑Cola HBC, one of the Coca-Cola Company’s largest bottling partners, announced on Tuesday that its CEO, Dimitris Lois, died on 2 October. Sourced through Scoop.it from: www.digitallook.com

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Ferguson plumbs cash pile for share buyback as US profits mount Ferguson, the plumbing and heating group formerly known as Wolseley, has proposed a 10% dividend increase and announced a £500m share buyback, after a year of strong profits growth. Sourced through Scoop.it from: www.digitallook.com