THOMSON FINANCIAL NEWS TOP STORIES Europe 0805 BST |
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Published
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Wed, 18 Apr 2007 08:22
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LONDON (Thomson Financial) - Here are the top stories on Thomson Financial NewsKBC acquires 92.5 pct stake in Russia's Absolut BankBRUSSELS (Thomson Financial) - Belgian bank KBC Group NV said it has acquired 92.5 pct of Russian bank Absolut in a deal which values the bank at 761 mln eur, subject to regulatory approval by the Central Bank of Russia.Absolut, established in 1993 and based in Moscow, is the seventh largest non-state-owned mortgage lender and offers universal banking services.Roche Q1 sales reach top end of forecasts, confirms sales growth targetZURICH (Thomson Financial) - Roche Holding AG reported first-quarter group sales at the high-end of expectations of 11.4 bln sfr, up 16 pct year-on-year in Swiss franc terms, and confirmed its full-year guidance for double-digit sales growth at both group level and in the pharma division.Roche also upgraded its target for EPS growth to 'above group sales', from its previous guidance of 'in line with sales growth'.Endesa still on negative credit watch after failed E.ON bidMUMBAI (Thomson Financial) - Standard & Poor's Ratings Services said it is keeping Spanish energy group Endesa SA on credit watch with negative implications after German utility E.ON AG withdrew its bid for the company and reached a compromise agreement with the consortium led by Italian power group Enel SpA.The ratings agency has a long-term rating of 'A' and short-term credit rating of 'A-1' for Endesa.Bodycote rejects Sulzer's revised 332p/shr offer; says it still undervalues co
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THOMSON FINANCIAL NEWS TOP STORIES Europe 1105 BST 