Month: November 2019

A group led by Japan’s Mitsubishi Corp will buy Eneco in a deal valuing the Dutch energy firm at 4.1 billion euros ($4.52 billion), Eneco said on Monday, beating off rival bidders including Shell and private equity firm KKR. Eneco, a company owned by 44 Dutch municipalities and with a strong focus on renewable energy, said it had been swayed by Mitsubishi’s plans to allow the company to continue its strategy and retain its corporate identity. The deal, backed by Eneco’s boards and a committee representing shareholders, must still be approved early next year by the Dutch company’s …read more […]

In order to justify the effort of selecting individual stocks, it’s worth striving to beat the returns from a market… …read more […]

London’s transport regulator said on Monday it has yet to decide on whether to renew Uber’s operating licence in the city after a media report said the taxi app would lose its right to take rides in Britain’s capital. LBC radio reported on Monday, the day the Silicon Valley firm’s licence expires in London, that Uber will not receive a new licence in one of its most important markets, citing several unnamed sources. A spokesman at Transport for London (TfL) said no decision has been made. …read more […]

London’s transport regulator said on Monday it has yet to decide on whether to renew Uber’s operating license in the city after a media report said the taxi app would lose its right to take rides in Britain’s capital. LBC radio reported on Monday, the day the Silicon Valley firm’s license expires in London, that Uber will not receive a new license in one of its most important markets, citing several unnamed sources. A spokesman Transport for London said no decision has been made. …read more […]

Land Securities Group plc (LON:LAND), which is in the reits business, and is based in United Kingdom, led the LSE… …read more […]

GUANGZHOU, China/Shanghai (Reuters) – China’s new energy vehicle (NEV) market is likely to see a sales rebound next year as automakers roll out more new products to lure buyers, but more supportive government policies are needed, auto executives said. China has been a keen supporter of NEVs and has implemented production quota requirements for automakers. In October, NEV sales fell 45.6% from year-ago levels. …read more […]

Roche expects its risdiplam medicine for spinal muscular atrophy (SMA) to get U.S. approval by May, the Swiss drugmaker said on Monday, as it takes on Novartis and Biogen in the lucrative rare disease area. The U.S. Food and Drug Administration granted priority review for risdiplam, an oral medicine for those with the potentially deadly muscle-wasting disorder. Roche, whose drug is seen as a rival for Biogen’s Spinraza and Novartis’s Zolgensma gene therapy, said the FDA is due to decide by May 24. …read more […]

European shares rose for the second straight session on Monday following reports that Washington and Beijing were nearing a trade agreement, while LVMH gained after signing a deal to buy U.S. jewellery chain Tiffany. A Chinese state-backed tabloid said on Monday China and the United States were “very close” to an initial trade agreement, adding to optimism from Friday, when the presidents of both the countries reiterated their desire for a deal. The pan-European STOXX 600 index was up 0.6% at 0802 GMT, led by trade-sensitive miners. …read more […]