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Kingfisher shares up on revamp plan

2015-03-31 10:15:13| BBC News | Business | UK Edition

Shares in Kingfisher lead the FTSE 100 higher after it announces plans to close about 60 B&Q stores over the next two years.

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Shares of POSCO, others stung by graft probes

2015-03-31 06:46:48| Steel - Topix.net

Shares of South Korea's top steelmaker POSCO and several other firms have been hit hard by a series of ongoing prosecution probes into alleged corruption that has raised concerns over their outlooks. The investigations began over two weeks ago after Prime Minister Lee Wan-koo declared an "all-out war" on corruption in an apparent attempt to prop up weak public support for President Park Geun-hye.

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Asian shares higher on China easing

2015-03-31 03:12:53| BBC News | Business | UK Edition

Asian shares open higher on Tuesday following a rally on Wall Street and measures by China to boost its economy.

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UPDATE 1-Nippon says Ternium transferred shares before Usiminas vote

2015-03-31 02:40:21| Steel - Topix.net

Nippon Steel & Sumitomo Metal Corp said on Monday it had reported Ternium to Brazil's CVM market regulator for transferring to third parties shares in steelmaker Usiminas, which they jointly control, before a vote to elect a new chairman next week. The transfer "is a clear violation of the shareholder pact and of Brazilian law," Nippon said in a statement which quoted part of the agreement.

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a2 Milk shuns Asia rush as shares hit ASX boards

2015-03-30 16:55:32| Grocery - Topix.net

While most dairy companies scramble to tap into fast-growing Asian markets, The a2 Milk Company's Geoff Babidge is targeting developed markets where consumers are turning their backs on dairy. Since a2 Milk muscled its way onto Australian supermarket shelves in 2007, the Auckland-based minnow has seized 9 per cent of the Australian fresh milk grocery channel by value.

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