Food retailer Ahold Delhaize met forecasts with a 3% rise in fourth-quarter core earnings on Wednesday helped by its Food Lion and Hannaford U.S. grocery chains and strong online sales.
(Bloomberg) — SoftBank Group Corp. founder Masayoshi Son opened the door to making at least some of the changes championed by activist investor Paul Singer, after the Japanese company reported a second quarter of losses from its startup investing.Son called Singer’s Elliott Management Corp. an “important partner” and said he is in broad agreement with the investor about SoftBank buybacks and share value. Son said he is on the side of shareholders, especially since he is the largest stockholder at the company. The two billionaires held discussions a couple weeks ago, he said.Son is adopting a more conciliatory stance just …read more […]
(Bloomberg) — SoftBank Group Corp. founder Masayoshi Son opened the door to making at least some of the changes championed by activist investor Paul Singer, after the Japanese company reported a second quarter of losses from its startup investing.Son called Singer’s Elliott Management Corp. an “important partner” and said he is in broad agreement with the investor about SoftBank buybacks and share value. Son said he is on the side of shareholders, especially since he is the largest stockholder at the company. The two billionaires held discussions a couple weeks ago, he said.Son is adopting a more conciliatory stance just …read more […]
Heineken , the world’s second largest brewer, forecast lower barley and aluminum costs would help to boost profits this year, when its long-serving chief executive will step down.
Nissan Motor Co may report its first quarterly loss in more than a decade on Thursday because of slumping sales, sources familiar with the company said, adding more pressure on efforts to rebuild the company after Carlos Ghosn’s ouster.
Switzerland’s Schindler will embark on an all-out legal antitrust offensive if Thyssenkrupp selects Finland’s Kone as the buyer of its elevator division, board member Alfred Schindler told Reuters.
JPMorgan Chase & Co appointed Jabe Jerram and Simon Ranson as co-heads of investment banking (IB) for Australia and New Zealand, according to an internal memo seen by Reuters and confirmed by a spokesman in Sydney.
British supermarket group Sainsbury’s said on Wednesday that Roger Davis, chairman of its poorly performing banking division, will step down.
(Bloomberg) — Deutsche Bank AG sold its first Additional Tier 1 bond since 2014 after drawing a flood of orders, as signs of progress in a turnaround bolster the appeal of the high-coupon notes.The German lender priced the $1.25 billion perpetual note at 6%, versus an initial price target of about 6.75%, according to a person familiar with the matter, who asked not to be identified because they’re not authorized to speak about it. The bonds, callable in October 2025, have an expected B1 rating at Moody’s Investors Service, or four steps below investment grade.The bank received as much as …read more […]
Oil prices extended gains on Wednesday as China reported its lowest daily number of new coronavirus cases since late January, stoking investor hopes that fuel demand in the world’s second-largest oil consumer may begin to recover from the epidemic.
Food retailer Ahold Delhaize reported a 3% rise in fourth-quarter core earnings on Wednesday helped by its Food Lion and Hannaford U.S. grocery chains.
Heineken , the world’s second largest brewer, expects to benefit from lower barley and aluminum costs this year after 2019 earnings rose exactly in line with expectations.
Nissan Motor Co on Wednesday said it had filed a civil lawsuit in Japan against former Chairman Carlos Ghosn seeking 10 billion yen ($91.02 million) in damages over his alleged financial misconduct.
(Bloomberg) — Oil rallied back above $50 a barrel as investors waited to see whether Russia would accept an OPEC+ plan for production cuts to cope with demand destruction from the coronavirus.Moscow is “studying” the proposal, to curb crude output by a further 600,000 barrels a day, Energy Minister Alexander Novak said in a statement that didn’t specify when Russia would make a decision. Meanwhile, an American Petroleum Institute report that showed U.S. crude inventories rose by 6 million barrels last week highlighted the weak global demand outlook.Oil appears to have found a floor around the $50-a-barrel mark as investors …read more […]
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