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[1/3] An excavator clears out rocks into a dumper at the gold mine, operated by Endeavour Mining Corporation in Hounde, Burkina Faso February 11, 2020. Acquired by Burkina-based firm Néré Mining from Endeavour Mining (EDV.L) in March, Karma is one of at least four gold mines that halted production this year because of security risks. Gold is Burkina Faso's main export, accounting for 37% of total exports in 2020, and mining is a leading source of jobs. At current rates, Burkina Faso is set to produce 13% less gold this year than in 2021, in part because of mine closures, government statistics show. The Burkina Faso mines ministry did not respond to Reuters' questions.

☆ Aveva's shareholders accept Schneider's $12 bln software takeover
▼ + stars: | 2022-11-25 | by ( ) www.reuters.com time to read: +1 min

LONDON, Nov 25 (Reuters) - France's Schneider Electric (SCHN.PA) won control of Aveva (AVV.L), one of Britain's biggest tech companies, on Friday after minority shareholders approved an offer valuing the industrial software firm at 9.9 billion pounds ($11.9 billion). read moreThe successful bid will leave only a handful of large tech companies listed in London. Shares in the company edged up 0.3% to 3,192 pence following the approval of the offer which was recommended by Aveva's board. Schneider took majority control of Aveva, one of Britain's biggest software companies, in a 2017 reverse takeover that allowed it to retain its London listing. ($1 = 0.8278 pounds)Reporting by Paul Sandle; editing by William James and Kate HoltonOur Standards: The Thomson Reuters Trust Principles.

☆ FTSE 100 rises on Informa boost; pound weakens
▼ + stars: | 2022-11-14 | by ( Shashwat Chauhan | ) www.reuters.com time to read: +2 min

SummarySummary Companies Media stocks lead sectoral gainsIndivior up on deal to buy Opiant PharmaUK budget, due later in the week, in focusFTSE 100 up 0.4%, FTSE 250 falls 1.2%Nov 14 (Reuters) - UK's export-oriented FTSE 100 climbed on Monday, lifted by events organiser Informa's over 5% jump and a weaker pound. The FTSE 100 (.FTSE) was up 0.4% by 0941 GMT. The company's announcement of raising its full-year earnings outlook pushed the broader FTSE 350 media index (.FTNMX403010) 1.0% higher. Among other stocks, Indivior (INDV.L) gained 0.9% after it said it would acquire Opiant Pharmaceuticals for approximately $145 million in cash. The domestically-focused FTSE 250 midcap index (.FTMC) dropped 1.2% after marking its biggest weekly gain in almost two years on Friday.

☆ France's Schneider Electric raises Aveva buyout offer to $11.6 bln
▼ + stars: | 2022-11-11 | by ( ) www.reuters.com time to read: 1 min

Nov 11 (Reuters) - French industrial group Schneider Electric (SCHN.PA) has increased its offer for Aveva (AVV.L) to 3,225 pence per share, valuing the British software company at about 9.86 billion pounds ($11.62 billion), Aveva said on Friday. Schneider, which already owns a majority stake in the London-listed firm, in September offered to fully take over Aveva for 3,100 pence per share. Several Aveva investors had threatened to reject the previous offer, including top-five investor Davidson Kempner. The hedge fund said on Thursday the Schneider bid was "highly opportunistic" and it did not take into account Aveva's long-term potential. ($1 = 0.8485 pounds)Reporting by Yadarisa Shabong and Sinchita Mitra in Bengaluru; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

☆ Top 5 investor in UK's Aveva plans to reject Schneider takeover
▼ + stars: | 2022-11-10 | by ( Andreas Rinke | Miranda Murray | ) www.reuters.com time to read: +1 min

LONDON, Nov 10 (Reuters) - A top five investor in British software company Aveva (AV.L) plans to reject a 9.5 billion pound ($11 billion) takeover bid by French industrial group Schneider Electric (SCHN.PA), joining two other shareholders who have already said they would do the same. In September, when the deal was announced, Canada-based Mawer Investment Management and M&G Investments, two Aveva shareholders, said they intended to reject the offer. Schneider Electric has offered 31 pounds per share, a premium of about 41% to Aveva's share price in August before it announced the suitor was considering making an offer. It took majority control in 2017 in a reverse takeover that enabled the British company to retain its London listing. "The timing of the approach by Schneider is highly opportunistic and comes on the back of a broader market decline as well as weakness in Aveva's own share price," Davidson Kempner said.

☆ ITV sees lower ad revenue despite World Cup, 'I'm a Celebrity' boosts
▼ + stars: | 2022-11-09 | by ( Sarah Young | ) www.reuters.com time to read: +2 min

SummarySummary Companies Sees 2022 ad revenue down between 1% and 1.5%9-month ad revenue falls 2% vs guidance for 'broadly flat'Shares down 6%LONDON, Nov 9 (Reuters) - British broadcaster ITV (ITV.L) forecast slightly lower ad revenue for 2022 after a weaker-than-expected third quarter, though hits like "I'm a Celebrity... Get Me Out of Here" and the soccer World Cup should help it in the run-up to Christmas. ITV said on Wednesday 2022 ad revenue was expected to fall between 1% and 1.5% from 2021, a record year, after the first nine months came in just behind its guidance, hurting its shares. Ad revenue for the nine months to the end of September fell 2%, a slowdown from the half-year, reflecting weaker advertising in the summer compared to 2021 when the Euro Football Championship was delivering record audiences. For November, ad revenue is seen up 3% and it is expected to be between 5-10% higher in December. ITV also warned inflation would impact its cost base in 2023 but it said it would try to find ways to mitigate this.

☆ UK broadcaster ITV forecasts slightly lower ad revenue in 2022
▼ + stars: | 2022-11-09 | by ( ) www.reuters.com time to read: +1 min

LONDON, Nov 9 (Reuters) - British broadcaster ITV (ITV.L) forecast slightly lower ad revenue for 2022 despite a FIFA World Cup boost in the key Christmas quarter, as it warned on the high degree of economic uncertainty. ITV, the home of ratings hit "I'm a Celebrity... Get Me Out of Here", said ad revenue for the full-year 2022 is expected to be down between 1% and 1.5% on 2021, which was a record year. Ad revenue for the nine months to end-Sept fell 2%, a slowdown from the half-year reflecting weaker advertising in the summer compared to 2021 when the Euro Football Championship was delivering record audiences. ITV, which has a Studios production arm as well as its broadcast and digital businesses, said on Wednesday that while the World Cup would help ad revenue in November and December, economic uncertainty could impact corporate ad spend. This year's soccer tournament is unusual as it is taking place in the northern hemisphere's winter, rather than summer.

☆ Morning Bid: Bank man fried
▼ + stars: | 2022-11-09 | by ( ) www.reuters.com time to read: +2 min

"We are in the best of hands," FTX founder Sam Bankman-Fried said on Twitter, after announcing a bailout that has not quite soothed market jitters. Bitcoin was falling in Asia on Wednesday, so was FTX's collapsing token and Binance's token had the wobbles. As Spectra Markets' Brent Donnelly and others have previously noted, naming rights are a reasonable signal of irrational exuberance. FTX's 19-year deal for naming rights at the Miami Heat basketball team's home arena looks to face a similar fate, as does its sponsorship of the Mercedes F1 team. China's factory gate prices dropped for the first time since December 2020, and consumer inflation moderated, underlining faltering domestic demand.

☆ FTSE inches lower amid global caution; M&S slips on cost warning
▼ + stars: | 2022-11-09 | by ( ) www.reuters.com time to read: +1 min

SummarySummary Companies FTSE 100 down 0.3%, FTSE 250 off 0.3%Nov 9 (Reuters) - UK's blue-chip shares edged lower on Wednesday amid a cautious global mood as investors awaited the outcome of U.S. midterm elections, while Marks & Spencer fell after the retailer warned of higher costs. The export-oriented FTSE 100 (.FTSE) fell 0.3% by 0829 GMT, while the domestically-oriented FTSE 250 (.FTMC) also shed 0.3%. Global markets were subdued as investors braced for U.S. inflation data due this week and eyed results of midterm polls that could signify a power shift in Washington. Marks & Spencer (MKS.L) dropped 1.2% as it warned of a "gathering storm" of higher costs and pressure on household budgets, and reiterated full-year profits would fall. Reporting by Johann M Cherian in Bengaluru; editing by Uttaresh.VOur Standards: The Thomson Reuters Trust Principles.

☆ Aviva pledges regular investor payouts as premiums rise
▼ + stars: | 2022-11-09 | by ( Carolyn Cohn | ) www.reuters.com time to read: +2 min

Jefferies analysts have previously said they expect Aviva to make recurring 250 million pound ($289 million) pay-outs. Aviva has already returned 4.75 billion pounds to investors after raising 7.5 billion in a string of asset sales since Blanc became CEO in July 2020. Cevian in the past called on Aviva to return five billion pounds to shareholders by the end of 2022. Aviva reported a 10% rise in general insurance gross written premiums in the first nine months of the year to 7.2 billion pounds. The value of new business in its UK and Ireland life division rose 46% over the same period to 466 million pounds.

☆ Analysis: Heavily discounted UK Plc may have further to fall
▼ + stars: | 2022-11-09 | by ( Joice Alves | ) www.reuters.com time to read: +5 min

Hani Redha, global multi-asset portfolio manager at U.S. investment firm PineBridge, said that UK valuations do not look cheap when looking at a multi-year timeframe and the "structural issues facing the UK economy". UK stocks (.FTAS) are already trading at a record discount to their global peers (.MIWD00000PUS), Refinitiv data shows, but investors expect new lows next year. UK discountThe domestic-orientated FTSE 250 mid-cap index (.FTMC) has broken three consecutive quarterly declines after new Prime Minister Rishi Sunak dumped most of his predecessor's market-crushing fiscal plan. Half of all borrowing by UK non-financial companies is in dollars, totalling about 350 billion pounds ($399.5 billion), according to S&P Global. "Bearing in mind in what state the UK economy is right now, I would stay clear of UK small-caps," he said.

☆ Aveva signals revenue growth in the second half
▼ + stars: | 2022-11-08 | by ( ) www.reuters.com time to read: 1 min

LONDON, Nov 8 (Reuters) - Aveva (AVV.L), the British software company targeted by its top shareholder Schneider Electric (SCHN.PA), said on Tuesday it expected revenue to grow in the second half, while increases in its cost base that squeezed first-half profit would abate. The company reported a 2.5% drop in revenue on an organic constant-currency basis to 553.8 million pounds ($635.3 million)for the six months to end-September. Higher costs, particularly in research and development and sales, resulted in adjusted operating profit falling 42% to 72.9 million pounds, it said. ($1 = 0.8718 pounds)Reporting by Paul Sandle; Editing by Sachin RavikumarOur Standards: The Thomson Reuters Trust Principles.

☆ European shares edge higher as investors await new UK fiscal plan
▼ + stars: | 2022-10-17 | by ( Amruta Khandekar | ) www.reuters.com time to read: +3 min

The region-wide STOXX 600 index (.STOXX) was up 0.3%, extending gains for a third straight session. European equities have suffered losses in the recent weeks as investors fret about the prospects of a recession from aggressive central bank actions to tame inflation. Most STOXX 600 sectors were trading up, with energy stocks (.SXEP) up 0.6% as oil prices rose driven by hopes of better demand from China. The bank has agreed to pay $495 million to settle a case brought against it in the United States. read moreNel (NEL.OL) rose 7.3% after the Norwegian hydrogen company received a NOK 600 million ($56.4 million) order from Woodside Energy (WDS.AX) for a U.S. hydrogen project.

☆ FTSE 100 climbs ahead of Hunt's fiscal plans
▼ + stars: | 2022-10-17 | by ( Sruthi Shankar | ) www.reuters.com time to read: +2 min

The blue-chip FTSE 100 index (.FTSE) gained 0.5%, while the domestically focussed FTSE 250 index (.FTMC) climbed 0.6%. The pound jumped 0.8% and government bonds rallied ahead of Hunt's announcement at 1000 GMT, which is expected to detail plans to raise taxes and spend lesser than previously planned. read more read moreRegister now for FREE unlimited access to Reuters.com Register"The markets have reacted positively to Hunt's expedited timeline, which alleviates some of the fiscal uncertainty," said Victoria Scholar, head of investment at Interactive Investor. Truss on Friday reversed some of the tax cut measures, and replaced Kwasi Kwarteng with Hunt. Meanwhile, the Bank of England (BoE) on Friday concluded its emergency bond purchases aimed at supporting the gilts market.

☆ ITV explores options for its production arm, including sale, Financial Times reports
▼ + stars: | 2022-10-16 | by ( ) www.reuters.com time to read: +1 min

Oct 16 (Reuters) - British commercial broadcaster ITV (ITV.L) is reviewing the future of its production arm ITV studios, including whether to sell a stake, the Financial Times reported on Sunday. Britain's biggest free-to-air commercial broadcaster has recently fielded expressions of interest in ITV Studios, the report said citing people familiar with the discussions. Potential buyers include private equity groups and other large independent producers such as Bertelsmann's Freemantle or FL Entertainment, the parent company of Banijay, the newspaper added. An ITV spokesperson declined to comment on the FT report. ($1 = 0.8953 pounds)Register now for FREE unlimited access to Reuters.com RegisterReporting by Jaiveer Singh Shekhawat in Bengaluru; Editing by Alexandra HudsonOur Standards: The Thomson Reuters Trust Principles.

RGL is also suing Link Fund Solutions (LFS), the fund's authorised corporate director, and said its claim could top 100 million pounds ($112 million). Hargreaves declined to comment and LFS did not immediately respond to a request for comment over the weekend. But it said last month it could fine LFS 50 million pounds and order a 306 million pound redress scheme over its management of the fund. Law firms Leigh Day and Harcus Parker have each already filed claims against LFS on behalf of around 13,000 and 7,000 investors respectively. They have expressed hope that they would be appointed joint claims managers at a December court hearing.

"The chancellor will come to the despatch box," he said when asked by Sky News whether the corporation tax plan would definitely stay. Newspapers reported that some lawmakers who never wanted Truss to replace Boris Johnson as leader in the first place already wanted her out. "I think that changing the leadership would be a disastrously bad idea, not just politically but also economically, and we are absolutely going to stay focused on growing the economy," Cleverly said of Truss. But a fire-sale in the government bond market has driven up borrowing costs and mortgage rates and forced the Bank of England to intervene to protect pension funds. read moreMeanwhile, as Truss battled with the turmoil, she met King Charles for a weekly audience at Buckingham Palace between monarch and prime minister on Wednesday.

☆ Explainer: How are life insurers coping in LDI storm?
▼ + stars: | 2022-10-13 | by ( Carolyn Cohn | ) www.reuters.com time to read: +3 min

LONDON, Oct 13 (Reuters) - The focus of a gilt market storm has been around pension schemes' use of liability-driven investments (LDI), many of which are highly leveraged. Life insurers also use LDI strategies in their provision of annuities, which pay a fixed income for life. HOW HAVE LIFE INSURERS PERFORMED? Life insurers were more likely to have hedged their positions with physical financial instruments, rather than with derivatives, analysts say. WHAT DOES THE FUTURE HOLD FOR LIFE INSURERS?

☆ European shares fall for sixth day on earnings jitters
▼ + stars: | 2022-10-12 | by ( ) www.reuters.com time to read: +3 min

Weak results from Barratt Developments (BDEV.L), Britain's largest housebuilder, sparked a selloff in the sector. read more"Although depressed sentiment and cheapened valuations are tailwinds for European stocks, the region's macroeconomic outlook remains a potent headwind that could lead to further downside for European earnings," analysts at BCA Research wrote in a note. Overall, European companies are expected to report a 29.4% increase in third-quarter profit, slightly below the 33.2% rise forecast at the start of October, as per Refintiv IBES data. read moreOther luxury stocks such as Hermes (HRMS.PA), L'Oreal (OREP.PA) and Christian Dior (DIOR.PA) gained between 0.9% and 2.7%. Register now for FREE unlimited access to Reuters.com RegisterReporting by Sruthi Shankar in Bengaluru; Editing by Savio D'Souza and Dhanya Ann ThoppilOur Standards: The Thomson Reuters Trust Principles.

☆ UK stocks extend losses, BoE measures eyed to stem bond rout
▼ + stars: | 2022-10-11 | by ( Sruthi Shankar | ) www.reuters.com time to read: +3 min

Meanwhile, shares of pension providers such as Legal & General (LGEN.L), Prudential (PRU.L) and Aviva (AV.L) fell between 2.3% and 3.3%. UK's banking index (.FTNMX301010) was down 1.6% at a one-week low despite prospects of a large rate hike by the BoE next month. However, the internationally focussed FTSE 100 has outperformed UK's domestically exposed FTSE 250 (.FTMC) this year, as a weakening pound and strength in commodity prices boosted the former. The FTSE 100 has shed 6.8% so in 2022, while the midcap index has lost about 28% - set for its worst annual performance since 2008. Ukraine-focused miner Ferrexpo Plc (FXPO.L) fell 9.1%, as it temporarily suspended production after Russian missile attacks damaged state-owned electrical infrastructure.

☆ Aviva Investors agrees outsourcing deal with BNY Mellon
▼ + stars: | 2022-09-27 | by ( ) www.reuters.com time to read: +1 min

A BNY Mellon sign is seen on their headquarters in New York's financial district, January 19, 2011. REUTERS/Brendan McDermid (UNITED STATES - Tags: BUSINESS)LONDON, Sept 27 (Reuters) - Aviva Investors (AV.L) has agreed a deal to outsource data and back office functions to BNY Mellon (BK.N), the two companies said on Tuesday, as the investment division of the British insurer looks to bolster its services to clients and cut costs. Asset managers have increasingly been handing over responsibility for back office functions such as custody of securities to third parties, while outsourcing has in some cases extended as far as front office functions such as trading. Transferring activities such as custody, accounting and performance measurement to BNY Mellon will "allow us to enhance our client proposition and improve operational efficiency," Mark Versey, Aviva Investors CEO, said in a statement, adding that the partnership with BNY Mellon was "transformative" for the fund manager's business. BNY Mellon said it was using cloud-based platform Data Vault to provide data to Aviva.

☆ UK housing index at 11-year low on rate-hike fears
▼ + stars: | 2022-09-26 | by ( Yadarisa Shabong | ) www.reuters.com time to read: +2 min

Register now for FREE unlimited access to Reuters.com RegisterEstate agent signs are seen outside a residential housing in south London, Britain, August 6, 2021. Register now for FREE unlimited access to Reuters.com RegisterThe housebuilders index fell 6% to hit its lowest level since March 2013. "The weak pound is driving expectations for further rate increases, which means lower house prices," Peel Hunt analyst Sam Cullen said. Shares of Taylor Wimpey hit their lowest since 2014, Persimmon since 2016, and Barratt and Berkeley stocks since March 2020. Register now for FREE unlimited access to Reuters.com RegisterReporting by Yadarisa Shabong in Bengaluru; Editing by Anil D'Silva and Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.

☆ Two Aveva shareholders plan to oppose Schneider takeover offer
▼ + stars: | 2022-09-23 | by ( ) www.reuters.com time to read: +2 min

Register now for FREE unlimited access to Reuters.com RegisterThe logo of Scheider Electrics is pictured at the company's headquarters in Rueil-Malmaison near Paris, France, April 22, 2020. REUTERS/Charles PlatiauSept 23 (Reuters) - Canada-based Mawer Investment Management and M&G Investments, shareholders in Aveva Plc (AVV.L), intend to reject Schneider Electric's (SCHN.PA) 9.5 billion pounds ($10.37 billion) takeover offer, calling the offer "opportunistic". Register now for FREE unlimited access to Reuters.com RegisterEarlier in the day, the Financial Times reported Mawer's plan to reject the offer. The statement resonates with another investor in Aveva, M&G Investments. "M&G is materially underwhelmed with the opportunistic 31-pound offer from Schneider for the remainder of Aveva, and we're disappointed that the Aveva board has recommended the bid to shareholders," Rory Alexander, fund manager, M&G Investments, said.

REUTERS/Andrew BoyersSept 21 (Reuters) - Shares in British homebuilders rose sharply on Wednesday morning after a media report said the government would cut stamp duty - a tax on property purchases - in a mini-budget on Friday. Peel Hunt analyst Sam Cullen said any stamp duty cut could help housebuilders better offset inflation in building costs, which has been largely cushioned by higher house prices. The Times said the plan to cut stamp duty would be part of new Prime Minister Liz Truss's drive to boost economic growth. A temporary stamp duty cut was used to support the market by previous finance minister Rishi Sunak during the COVID-19 pandemic. Currently, no stamp duty is paid on the first 125,000 pounds ($141,650) of any property purchase.

☆ Șoferi, atenție! Ploile au îngreunat traficul în capitală; Pe unele porțiuni de drum s-au format ambuteiaje
▼ + stars: | 2021-07-05 | by ( ) www.jurnal.md time to read: +2 min

Sectorul BOTANICA:- intersecția cu sens giratoriu strada Albișoara – D.Cantemir – C.Negruzzi;- strada Hristo Botev direcția bulevardul Dacia;- bulevardul Dacia intersecția cu strada Valea Crucii. Sectorul CENTRU:- strada Pan Halippa direcția strada Ismail;- intersecția străzilor Ismail – București. Sectorul CIOCANA:- nodul rutier „Tutun CTC”;- strada Vadul lui Vodă de la strada N.Milescu Spătarul până la strada Meșterul Manole. Sectorul RÂȘCANI:- strada Petricani tronsonul străzilor Calea Orheiului – M.Viteazul;- bulevardul Renașterii Naționale direcția bulevardul Grigore Vieru;- strada Calea Orheiului intersecție cu strada Socoleni, intrarea în oraș;- intersecția cu sens giratoriu strada Calea Orheiului – T.Vladimirescu;- intersecția cu sens giratoriu Bogdan Voievod – Florilor. Pe segmentele de drum predispuse formării ambuteiajelor sunt prezenţi agenţii de circulaţie care asigură desfaşurarea a circulaţiei rutiere.

Persons: Ștefan cel Mare, Ion Creangă, Vodă, Manole, Grigore Vieru, Bogdan Voievod Organizations: Facebook Locations: Chișinău, Chişinău, Dacia, Ismail, București, RÂȘCANI, Florilor

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