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Facebook fined £50m by UK regulator over Giphy deal
Social media giant Facebook has been fined £50. 5m for failing to prove it was complying with the competition regulator during a probe into the firm’s takeover of GIF sharing platform Giphy.
Europe midday: Shares flat on mixed earnings; Husqvarna powers ahead
European shares were barely moving the needle on Wednesday as investors digested a mixed bag of corporate earnings news.
Balfour Beatty converts credit facility
British builder Balfour Beatty on Wednesday said it had converted its £375m revolving credit facility to a sustainability-linked loan.
Europe open: Shares higher as investors mull mixed earnings bag
European shares opened higher on Wednesday as investors digested a mixed bag of corporate earnings news.
De Beers diamond sales fall in eighth cycle
Rough-diamond sales by Anglo American’s majority-owned De Beers Group fell 6. 1% in the eighth sales cycle of 2021 compared with the previous cycle, but up year on year, the company said on Wednesday.
Deliveroo lifts annual guidance as Q3 order values rise 58%
Food delivery company Deliveroo on Wednesday lifted annual growth forecasts after a strong rise in order gross value despite Covid curbs easing on restaurants during the year.
Rio Tinto in $7.5bn plan to halve carbon emissions by 2030
Mining giant Rio Tinto said it planned to invest $7. 5bn halving carbon emissions by 2030, more than tripling its previous target.
Avast Q3 revenues rise, sees second-half growth
Cybersecurity firm Avast reported a rise in third quarter revenues and said it expected second-half billings growth of high-to-mid single digits.