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BRUSSELS (Reuters) – Walt Disney’s (DIS.N) $71.3-billion offer to buy Twenty-First Century Fox Inc’s (FOXA.O) entertainment assets won approval from the European Commission on Tuesday, subject to Disney selling interests in factual TV channels in Europe. The EU competition regulator said in a statement that Disney had committed to divest its interests in channels including History and Lifetime in the European Economic Area (EEA) to avoid harming competition following its purchase from Fox quotes about cufflinks uk sale.
“The decision is conditional on full compliance with commitments offered by Disney,” the Commission said. The channels it must end its interest in are History, H2, Crime & Investigation, Blaze and Lifetime channels — currently controlled by A+E Television Networks, a joint venture between Disney and Hearst. HRSTV.UL. Disney secured approval from the U.S quotes about cufflinks uk sale. Justice Department for the deal in June on condition after agreeing to sell Fox’s 22 regional sports networks. The deal would expand Disney’s unrivalled portfolio of some of the world’s most popular characters, uniting Mickey Mouse, Luke Skywalker and Marvel superheroes with Fox’s X-Men, “Avatar” and “The Simpsons” franchises..
LONDON (Reuters) – European shares ended a choppy session in negative territory on Tuesday as investors punished companies like Zalando that missed expectations and remained cautious while waiting for the results of U.S. mid-term elections. The pan-European STOXX 600 and the euro zone’s leading index .STOXX50E both dipped 0.3 percent quotes about cufflinks uk sale. “Global stocks are in wait and see mode today, with losses in Europe followed by a largely flat open in the U.S.”, IG analyst Josh Mahony wrote, adding that U.S. president Donald Trump’s tax and trade policies would come into question if the Democrats won Congress..
Zalando (ZALG.DE) shares tumbled 8.5 percent after Europe’s biggest online-only fashion retailer reported its slowest rate of sales growth since it was launched a decade ago, and recorded a loss due in part to unseasonably warm weather quotes about cufflinks uk sale. “The shift to mobile, fast fashion and beauty is driving down basket size, competition is putting pressure on gross margin, and Zalando’s build out of distribution centers across Europe whilst transport costs are increasing has put upward pressure on the fulfilment cost ratio,” wrote Berenberg analysts..
Shares in Austrian engineering group Andritz (ANDR.VI) fell 4.3 percent after it missed third-quarter operating profit forecasts due to higher costs at its metals unit and lower earnings at its hydro operations. Many companies this earnings season have flagged a squeeze on margins from rising commodity and wage costs amid signs of a growth slowdown in Europe quotes about cufflinks uk sale. Euro zone business growth slumped to a two-year low in October as growing trade tensions and tariffs, alongside rising political uncertainty, put a dent in exports and optimism..