FJL

Compass to return £1 billion to shareholders via special dividend

Catering giant Compass has reported an increase of nearly 6 per cent in adjusted pre-tax profit for the six months to March 31 this year, announced decision to serve up £1 billion special dividend to its shareholders.

The Surrey-based world's largest catering group announced that its six-month pre-tax profit jumped 5.7 per cent year-on-year to £608 million.

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Admiral reports 7pc decline in Q1 turnover

British auto insurer Admiral Group Plc reported a decline of 7 per cent in turnover for the first quarter of 2014, even as the number of customers jumped 6 per cent.

The Cardiff-based insurance group said its turnover slipped to 514 million pounds (nearly $865M) in the three months ended March 31, 2014, down from 551 million pounds in the corresponding three-month period of the previous year.

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Sports Direct in talks to buy 30 gyms from LA Fitness

The UK-based sporting goods retailer Sports Direct International Plc is in talks to acquire numerous gyms from LA Fitness, a person familiar with the matter revealed.

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Large number of workers value jobs that don’t demand fixed hours: Vince Cable

Liberal Democrat Business Secretary Vince Cable has rejected the proposal to provide workers on zero-hours contracts with a legal right to a fixed-hours deal after twelve months with the same company/employer.

The Labour Party had proposed that people who are working under zero-hours contracts should be guaranteed a legal right to a fixed-hours contract with their employer after a year.

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China’ action against British executive may prompt firms to rethink their investments

Chinese police's action against a British executive of GlaxoSmithKline Plc might cause some international companies to rethink their investment plans in the country.

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