Just Eat shareholder Cat Rock Capital on Tuesday urged investors to back an all-share merger with Takeaway.com , saying it believed the combination could create a company worth 1,200 pence a share in little more than a year.
Alibaba Group’s Hong Kong shares closed their first trading session up 6.6% from the issue price after this year’s largest stock sale.
World stocks hit their highest in almost two years on Tuesday, keeping record highs in sight, following fresh signs that the United States and China were working to end a bitter trade war that has dealt a blow to the global economy.
MOSCOW/ISTANBUL, Nov 26 (Reuters) – Russia hopes to seal a deal to supply Turkey with more S-400 missile systems in the first half of next year, the head of Russian state arms exporter Rosoboronexport, Alexander Mikheev, said in an interview with RIA news agency published on Tuesday. Such a move could further sour ties between Turkey and the United States, which has suspended Ankara from the F-35 stealth fighter jet programme, in which it was a producer and buyer, to punish it for buying S-400 batteries earlier this year. Washington has also warned of possible U.S. sanctions, saying …read more […]
LONDON/PARIS (Reuters) – Tiffany was codenamed “Tea” and LVMH was “Latte” in the whirlwind talks that led to the U.S. jeweller being taken over by the French luxury group for more than $16 billion, in a homage to famed film “Breakfast at Tiffany’s”. The monikers were an attempt to ensure secrecy about a deal that LVMH wanted to seal swiftly before its competitors could intervene, according to two sources involved in the talks. LVMH’s bid approach was discussed by executives at the two companies in mid October, soon before the French firm launched a big factory in Johnson …read more […]
South Korea’s Hyundai Motor said on Tuesday it has signed a preliminary deal to build a new factory in Indonesia, which would be its first car plant in Southeast Asia and a crack at Japanese rivals that dominate the market.
South Korea’s Hyundai Motor said on Tuesday it has signed a preliminary deal to build a new factory in Indonesia, which would be its first car plant in Southeast Asia and a crack at Japanese rivals that dominate the market. The deal comes as Hyundai and affiliate Kia Motors struggle with a prolonged sales downturn in China, where they suspended two factories this year. Hyundai Motor said it will invest about $1.55 billion in the Indonesia auto manufacturing plant from now until 2030, including product development and operation costs. …read more […]
Q4 2019 Arrowhead Pharmaceuticals Inc Earnings Call …read more […]
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Q1 2020 Palo Alto Networks Inc Earnings Call …read more […]
French car parts maker Faurecia said it was targeting record sales, profits and cash generation in 2022 as a result of its strategy program and the boost from its acquisition of Japanese company Clarion, lifting its shares.
European shares were little changed on Tuesday after a strong start to the week, as investors sought concrete signs of any progress in trade talks between the United States and China. The pan-European STOXX 600 index was flat at 0803 GMT, after gaining more than 1% on Monday following a report that the two sides were close to a trade agreement. China’s Commerce Ministry said on Tuesday that top trade negotiators from both countries had reached a consensus on “resolving relevant problems” on a phone call, but gave no indication on the timing of a deal. …read more […]
Oil prices slipped on Tuesday on concerns about economic growth and fuel demand as uncertainty remains about the ability of the United States and China, the world’s biggest oil users, to agree a preliminary deal to end their trade war.
(Bloomberg) — Venus MedTech (HangZhou) Inc. is adding fuel to a boom of health-care IPOs in Hong Kong, as investors bet on rising demand from China’s aging population.The Chinese developer of cardiovascular devices began taking orders Tuesday, counting big names including Singapore’s sovereign fund GIC Pte among its cornerstone investors. Venus is seeking as much as $331 million from the sale, with an expected Dec. 10 listing.Health-care initial public offerings have raised $4.4 billion in Hong Kong since January, setting a record for the first 11 months and marking an almost 30% growth over the same period last year, according …read more […]
(Bloomberg) — The biggest pension fund in the Nordic region is working on a plan to rejig its $130 billion portfolio to help it cope with long-term negative interest rates.ATP, which is based north of Copenhagen, says its review will be “comprehensive.” There are “big decisions” ahead, Chief Executive Officer Bo Foged said in an interview. Measures may include shifting the basic allocation model at the fund to allow it to offload bonds and add risk.ATP is trying to run a pension fund in a country that’s had negative rates longer than any other place on Earth. Denmark’s central bank …read more […]
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