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UK construction suppliers hit over SIG profit warning

Bloomberg Shares of UK construction suppliers slid after a profit warning from SIG Plc provided the latest sign of a weakening industry outlook amid concern over slowing growth and Brexit. The vendor of roofing materials, insulation products and partition walls saw its stock plunge as much as 27%, the most in a decade, after saying that adjusted profit would be ...

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Osram takeover battle set for next round after ‘AMS bid’

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Bloomberg The battle for control of Osram Licht AG is set to enter a new round after Austria’s AMS AG vowed to keep fighting after a sweetened 4 billion euro ($4.4 billion) offer failed. AMS, a supplier to Apple Inc, will seek a regulator nod to raise its 19.99% stake in Osram. As the biggest shareholder in the German lighting ...

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South Korea has a problem others can only dream of

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South Korea’s economy is in a tough spot. Too bad the monetary-policy response has been so tame. The country is flirting with outright deflation, figures showed, as consumer prices declined for the first time on record. Exports, which account for about 40% of gross domestic product slipped for 10 straight months. The Bank of Korea says the country will struggle ...

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