Articles by admin

A buyout consortium led by Blackstone sent a frisson through debt markets this week as it took advantage of a booming appetite for bonds to push through aggressive terms on financing for its leveraged buyout of Merlin Entertainments. Merlin, which owns and operates Legoland and Madam Tussauds, took on more than $3 billion of debt to help to fund Blackstone’s bid to take the company private in a deal worth $7.5 billion agreed in June, one of the largest European private equity transactions in recent years. Analysts and investors are worried that the European Central Bank’s unprecedented …read more […]

NEW YORK/LONDON, Oct 17 (Reuters) – A gap is emerging in the U.S. liquefied natural gas (LNG) industry as big players such as Exxon Mobil Corp and Cheniere Energy Inc race ahead to build export terminals with fewer long-term contracts, while smaller developers struggle to find financing for their first plants. LNG trade has traditionally been underpinned by long-term purchasing deals which finance multi-billion dollar terminals that liquefy natural gas by chilling it to -260 degrees Fahrenheit (-160 Celsius), load it onto ships, and regasify it when delivered. The growing prowess of oil majors such as Exxon and …read more […]

Stocks moved broadly higher in afternoon trading on Wall Street Thursday after several large companies delivered surprisingly good results. A breakthrough in negotiations over Britain’s exit from the European Union also injected confidence into markets and prompted investors to move money into riskier holdings. Health care and communication services stocks drove most of the market’s gains, outweighing a slide in technology and energy companies. …read more […]

E-cigarette maker Juul Labs Inc said on Thursday it will completely halt U.S. sales of all flavors except tobacco, mint and menthol, as the company faces heightened scrutiny from regulators, lawmakers and state attorneys general over the appeal of its nicotine products to teenagers. Thursday’s move, which ends online sales, means Juul’s mango, fruit, creme and cucumber nicotine pod flavors will no longer be available for sale anywhere in the United States. Juul’s new chief executive, K.C. Crosthwaite, a veteran of Marlboro maker Altria Group Inc, announced the move Thursday as the company attempts to repair its relationship …read more […]

Q3 2019 Trinity Biotech PLC Earnings Call …read more […]

British Prime Minister Boris Johnson, who has lost every important vote in Parliament since taking office, faces a titanic struggle Saturday when he puts his Brexit deal with the European Union before suspicious legislators. Johnson is gambling his political fortunes on being able to win a majority in favor of the Brexit deal reached Thursday between the British government and the other 27 European Union nations. Should lawmakers back the deal, then Britain will be on course to leave the EU on the scheduled Brexit date of Oct. 31. …read more […]