IMI Plc agreed to sell its beverage dispenser and merchandising businesses to Berkshire Hathaway Inc.’s Marmon Group for about $1.1 billion in cash to focus on industrial valves and fluid control systems.
Tesco Plc, the U.K.’s largest retailer, fell the most in more than three months as JPMorgan Cazenove cut the stock to underweight a week after being dropped as the supermarket company’s co-brokerage adviser.
Riverstone Holdings LLC, the private-equity firm that invests mainly in North American energy assets, will raise as much as $2.4 billion (1.5 billion pounds) through an initial public offering in London.
Glencore Xstrata Plc’s commodity trading operations had a 6 percent gain in first-half adjusted earnings before interest and taxes as higher profits from oil, coal and metals offset a slump in agricultural products.
Storebrand ASA rose to a 20-month high in Oslo as JPMorgan Cazenove upgraded its rating on Norway’s second-largest insurer, citing improved growth prospects and reduced risk on its guaranteed portfolio.