Global Financial News: Investors Focus on Britain's FTSE 100
Here is your round-up of the financial news from around the world:
1. Britain's FTSE 100, which yesterday suffered its biggest one-day slump since the country's vote to leave the European Union last June, will once again be the focus of the market's attention.
2. Burberry plc (BURBY) posted weaker-than-expected second half sales growth Wednesday and a slowdown in fourth quarter activity linked to a "challenging environment" in North American markets but held to its 2017 profit targets
3. Akzo Nobel (AKZOY) said Wednesday that it will return up to €1.6 billion to shareholders this year and separate its Specialty Chemicals business within 12 months as part of its efforts to fend off a takeover approach from PPG Industries (PPG) - Get Report
4. Associated British Foods (ASBFY) shares leaped to the top of the FTSE 100 Wednesday after the Primark-to-sugar-to-Twinings tea conglomerate said profits nearly doubled in the first half of its fiscal year
READ MORE:
European Stocks Called Lower, Pound Holds at Six-Month Highs After May's Election Call
Burberry Posts Slower Sales Growth, Keeps Full-Year Profit Target In Place
Akzo Nobel Plans To Return $1.75 Billion To Shareholders In PPG Takeover FightBack
Primark-Owner Associated British Foods Shares Top FTSE 100 on First Half Sales Bump
