Irn-Bru maker forecasts growth
AG Barr, whose soft drinks include Rubicon and Orangina – as well as Irn-Bru, the drink that featured in Glasgow’s Commonwealth Games opening ceremony – yesterday forecast that half-yearly sales will grow 5.6 per cent to £135m, sending its shares up 9p to 632p.
India threatens to veto global deal
India has warned it will veto a landmark global trade deal unless a dispute over food stockpiles is resolved. It is concerned a cap on subsidiaries could limit its food programmes. The deal, agreed last December in Bali, needs to be signed by 160 countries by 31 July.
US retailer drops Mothercare bid
The US retailer Destination Maternity has abandoned attempts to take over Mothercare, saying that the UK group’s investors had made it clear they wanted more money than it was prepared to pay. Mothercare’s board has already rejected two approaches.
Lloyds close to settling over Libor
Lloyds Banking Group has admitted it is close to settling with “a number of government agencies” over the Libor scandal, with talks at a “late stage”. The bank is expected to face a fine of up to £300m, which could be revealed before next week’s first-half results.