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Vertu Motors buys Newport-based Vans Direct for £7.5m
Automotive retailer Vertu Motors has bought Newport-based online van retailer Vans Direct for £7. 5m in a deal that will be immediately earnings-enhancing.
Monday newspaper round-up: US-China talks, Brexit, Morrisons, manufacturing
US officials arrived in China for the first face-to-face negotiations since a 90-day truce was declared in a trade war between Washington and Beijing, in the hope of ending a bruising confrontation between the world’s two largest economies. Hopes that the sixth round of negotiations between the two sides could yield a breakthrough helped Asian shares rise on Monday, combined with optimism about the state of the global economy on the back of strong US jobs figures on Friday.
ContourGlobal acquiring Alpek portfolio in Mexico for $724m
ContourGlobal has agreed to acquire Alpek's Mexico portfolio of two natural gas-fired combined heat and power (CHP) plants, together with development rights and permits for a third plant, for $724m in cash, it announced on Monday.
London pre-open: Stocks to nudge up ahead of Sino-US trade talks
London stocks were set to nudge up at the open on Monday as investors eyed the latest round of trade talks between the US and China, with Brexit also still firmly in focus ahead of next week's Commons vote on Theresa May's deal.
LondonMetric offloads three warehouses, Brexit uncertainty a problem for Dunelm
London open The FTSE 100 is expected to open 17 points higher on Monday, having closed up 2. 16% at 6,837. 42 on Friday.
LondonMetric sells 3 warehouses for £24.3m
LondonMetric Property on Monday said it had sold three distribution warehouses for £24. 3m to various buyers, reflecting a blended net initial yield of 5. 4%. The sale price was 4% above book value.