Business news blog


Wesfarmers to buy Homebase for ?340m

Australian retail giant Wesfarmers agrees to buy UK DIY chain Homebase from Home Retail Group for ?340m.

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New Zealand milk firm shares soar

Shares in New Zealand dairy firm - The a2 Milk Company - soar more than 30% in Sydney after the firm raised its earnings forecast for the second time in two months.

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Aegis to open second UK centre - Business Standard


Business Standard

Aegis to open second UK centre
Business Standard
After selling its US, Philippines and Costa Rica business to the Paris-based Teleperformance for $610 million last year, Aegis is focused on markets outside these countries. ?After the Teleperformance deal, we said let us focus on high growth and high ...

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John McCain wants to outlaw encryption that the US government can't crack - Business Insider


Business Insider

John McCain wants to outlaw encryption that the US government can't crack
Business Insider
After deliberating, and despite the urgings of the FBI, the Obama administration says it has no plans to legislate against strong encryption, and the UK government says it doesn't either (although concerns remain over the wording of the UK's proposed ...

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Chinese fund managers are deserting the nation's stock market - Business Insider


Business Insider

Chinese fund managers are deserting the nation's stock market
Business Insider
Perhaps reflecting a 7.85% decline in the Shanghai Composite index last week, Chinese fund managers have cut the proportion they'll invest in stocks over the next three months to an eight-year low, according to a poll conducted by Reuters. The moves ...

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