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UK services growth cools as prices charged pick up

Bloomberg UK services growth slowed in November from the fastest pace in six months as price pressures intensified. The services Purchasing Managers Index fell to 53.8 from 55.6 in October, IHS Markit said on Tuesday. Economists had forecast a reading of 55.0. Input costs increased the most since 2011 and prices charged rose at the fastest clip since 2008. While ...

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UK’s Cineworld agrees to buy US’ Regal in $3.6bn deal

Bloomberg The UK’s Cineworld Group Plc agreed to buy US theatre operator Regal Entertainment Group for about $3.6 billion to expand into the biggest movie market. The $23-a-share deal comes a week after the companies confirmed news reports of takeover discussions, jolting cinema-operator stocks. The price represents a 26 percent premium to Regal’s close on November 27, the day before ...

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Saudi bombs Yemen palace as conflict takes new turn

Bloomberg Saudi Arabian warplanes bombed the presidential palace in Yemen’s capital, stepping up attacks on Houthi rebels after they killed the country’s former president just when he appeared set to switch sides and offer the Saudis a way out of the conflict. The palace in Sana’a, currently used by the Houthi leadership, was pounded by at least seven airstrikes late ...

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