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Scor spurns $9.6bn bid from insurer’s biggest investor

Bloomberg French reinsurer Scor SE spurned an 8.3-billion-euro ($9.6 billion) unsolicited takeover offer from its biggest shareholder, Covea, which said it’s still interested in pursuing a deal. Scor shares climbed the most in almost a decade. Covea, a French mutual insurer that already has an 8.2 percent stake in Scor, said that it offered to buy the remaining stock for ...

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Construction growth in Britain slows to weakest in 3 months

Bloomberg UK construction growth slowed more than forecast in August, providing further evidence that the nation’s economy is losing momentum. IHS Markit’s Purchasing Managers’ Index for the industry fell to 52.9 last month from a 14-month high of 55.8 in July, the firm said on Tuesday. The reading was the lowest since May and below the 54.9 forecast by economists ...

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Tropical Storm Gordon to strike US Gulf Coast as hurricane

Bloomberg Tropical Storm Gordon will grow into a hurricane as it grazes offshore natural gas and oil fields, where it has already sparked evacuations, before coming ashore over the lower Mississippi Valley later on Tuesday or early Wednesday. Gordon, with top winds of 65 miles (100 kilometres) per hour, was about 230 miles east-southeast of the mouth of Mississippi River, ...

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