LONDON May 25 Britain's biggest carmarker Jaguar Land Rover (JLR) said on Thursday that Slovakia's offer of state aid to secure the construction of a 1 billion-pound ($1.3 billion) plant falls within EU guidelines after officials launched a probe.
EU state aid regulators opened an investigation on Wednesday into Slovakia's plan to grant 125 million euros ($140 million) to Tata Motors' luxury British arm JLR, saying they had concerns about the legality of the measure.
"Slovakia's offer of State aid is in line with the Commission's regional aid guidelines," the automaker said in a statement.
"Slovakia’s offer of support was a necessary component in Jaguar Land Rovers decision to select Europe rather than Mexico for this investment." ($1 = 0.7723 pounds) (Reporting by Costas Pitas, Editing by Paul Sandle)
Nikkei rises for 3rd day as weak yen supports; steel shares soar
TOKYO, June 27 Japan's Nikkei share average rose for a third session on Tuesday as a weaker yen helped exporters rise, while the steel sector got a boost with traders citing a brokerage report highlighting a positive reversal in steel prices.
UPDATE 1-UK Stocks-Factors to watch on June 27
June 27 Britain's FTSE 100 futures were down 0.09 percent ahead of the cash market open.