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Ghana takes back control of bank after ‘questionable’ deals

Bloomberg Ghana took back control of Agricultural Development Bank Ltd. (ADB) after the regulator annulled deals for more than half of the lender’s shares following its initial public offering in 2016.Belstar and Starmount are affiliates and entered into deals with SIC and Ecobank Capital Ltd., the asset management unit of Ecobank Ghana Ltd., to purchase ADB’s shares without the regulator’s knowledge, ...

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Ryanair profits sink as labour strife deepens

Bloomberg Labour strife is starting to weigh on Ryanair Holdings Plc, and the conflict looks set to deepen. The discount airline posted a 20 percent drop in first-quarter profit on Monday, and warned that walkouts by trade unions, along with regional air traffic-control strikes, are making customers wary of booking trips. While the carrier was able to accommodate passengers whose ...

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Tesco readies new discount stores to take on Lidl, Aldi

Bloomberg Tesco Plc is readying a new chain of discount stores in the company’s most direct offensive on Aldi and Lidl to date. The UK’s largest retailer is recruiting for staff to work in the new store format at sites in Immingham in northeast England and in Chatteris, about 80 miles north of London, according to postings on the LinkedIn ...

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