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The firm will still build its new Juke and Qashqai models at the factory which opened in 1986 after then prime minister Margaret Thatcher successfully encouraged Japanese companies to pick the country as a gateway into Europe. Brexit uncertainty has since prompted consternation in some boardrooms in Tokyo. On Feb. 1, an EU-Japan free trade agreement also kicked in, which includes the EU’s commitment to removing tariffs of 10 percent on imported Japanese cars, diminishing part of the business case for building in Europe.
LONDON (Reuters) - British Business Minister Greg Clark said on Monday Nissan will need to reapply for government funding made available to the car industry, after it scrapped plans to build its new X-Trail SUV in Britain, Earlier rectangle tapestry yellow gold trim cufflinks on Monday the government published a letter Clark wrote to Nissan in 2016 which included a promise of up to 80 million pounds of support to help secure a major investment from the Japanese carmaker, “Grant support for training and development and environmental improvements were applied for and approved ., on the basis that both the Qashqai and the X-Trail models would be built in Sunderland,” Clark told parliament..
(Reuters) - Smart & Final Stores Inc (SFS.N), a U.S. food retailer controlled by private equity firm Ares Management Corp (ARES.N), is exploring options that include a sale of the company, according to people familiar with the matter. An outright sale would allow Ares to cash out on its majority stake in Smart & Final. It acquired the company in 2012 from fellow buyout firm Apollo Global Management LLC (APO.N) for $975 million, including debt. Ares took Smart & Final public in 2014 at a price of $12 per share. The shares have lost close to half their value since then, as the company has struggled in a tough environment for brick-and-mortar retailers.
Smart & Final, based in Commerce, California, is working with rectangle tapestry yellow gold trim cufflinks investment banks on a sale process, and has reached out to private equity firms that could be potential acquirers, the sources said on Monday, There is no certainty Smart & Final will ultimately agree on a sale, the sources cautioned, requesting anonymity as they were not authorized to speak publicly about the deliberations, Ares declined to comment, A representative for Smart & Final said the company is focused on executing its strategic plan and that its longstanding policy is not to comment on market rumors or speculation..
Smart & Final shares rose 5.3 percent at $6.30, giving the company a market capitalization of about $500 million. Smart & Final had long-term debt of $619 million as of Oct. 7. Smart & Final operated 324 grocery and foodservice stores in California, Oregon, Washington, Arizona, Nevada, Idaho, Montana and Utah as of Oct. 7, with an additional 15 stores in Northwestern Mexico operated through a joint venture. The company reported adjusted earnings before interest, taxes, depreciation and amortization of $62.3 million for the three months ended Oct. 7, down 1 percent over the same period in 2017.
BERLIN (Reuters) - Germany is facing a budget shortfall of rectangle tapestry yellow gold trim cufflinks around 25 billion euros ($29 billion) by 2023 as an economic slowdown means tax revenues will come in below previous estimates, a Finance Ministry document obtained by Reuters showed, Global trade tensions and concern about Brexit have already prompted Germany to slash its growth forecast for this year to 1 percent from 1.8 percent previously as a decade-long boom in Europe’s economic powerhouse draws to a close, The ministry document, prepared for Finance Minister Olaf Scholz to present to cabinet colleagues, pointed to annual budget shortfalls of 5 billion euros through to and including 2022..
“This is a wake-up call to colleagues that the times of constantly making demands without having covered cheques are over. Now it’s time for budget discipline,” Deputy Finance Minister Bettina Hagedorn told Reuters. The prospect of budget deficits represents a dramatic deterioration in the finances of Europe’s biggest economy, which reported a budget surplus for the federal government of some 11 billion euros last year. The document highlighted further risks for the budget, including costs related to exiting coal power.
Allies of Chancellor Angela Merkel, who rectangle tapestry yellow gold trim cufflinks leads a ruling coalition of her conservatives and the center-left Social Democrats (SPD), have been pressing for the government to lower the tax burden for the rich, Both Merkel’s conservative bloc and the Social Democrats are seeking to energize their rank-and-file and to win back voters ahead of European and regional elections starting in May, Scholz, a Social Democrat, urged ministers to make savings, “Investments will be carried forward at the 2019 level,” the ministry document read, adding that personnel costs would be frozen..