Articles by admin

Today we’ll evaluate Signify N.V. (AMS:LIGHT) to determine whether it could have potential as an investment idea. To… …read more […]

Qatar Airways said it may convert its 10 orders for the Boeing Co ultra-long-range 777-8 widebody jet to the larger 777-9, depending on the performance of the 777-9. “If the 9 is performing very close to the parameters that the 8 will operate, yes we may convert the 8 to 9,” Qatar Airways CEO Akbar al-Baker told Reuters on the sidelines of an event to launch a new route from Doha to Langkawi. Emirates and Qatar Airways are the only firm customers for the 777-8 model, which Boeing is also trying to sell to Australia’s Qantas Airways …read more […]

Royal Dutch Shell is aiming to start operating in its concession areas in Egypt in the second half of 2020, a senior executive said. Shell won three oil and two gas concessions in Egypt in February. Eni, BP and Exxon Mobil also won some of a total of 12 tenders as Egypt looks to sustain an investment upswing spurred by major discoveries. …read more […]

Broadcaster Central European Media Enterprises (CME) raised its operating profit guidance on Thursday for the third time this year, after third-quarter earnings just beat analysts’ expectations. The market is waiting for news about the possible sale of CME by majority owner AT&T. PPF, the investment group of the Czech Republic’s richest man Petr Kellner, is reported to be the last remaining bidder. CME’s adjusted operating profit (OIBDA) came in at $41.4 million in the third quarter, topping analysts’ average forecast of $39.2 million. …read more […]

Cryptocurrency exchange KuCoin’s derivatives platform, KuMEX, is going to launch bitcoin monthly futures contracts in a “few weeks.” Michael Gan, founder and CEO of KuCoin, announced the news at the Blockchain Life 2019 Forum in Moscow, Russia, according to a press release shared with The Block on Wednesday.The post KuCoin’s derivatives platform launching bitcoin monthly futures in ‘few weeks’ appeared first on The Block. …read more […]

British retailer WH Smith Plc said on Thursday it will buy Marshall Retail Group for about $400 million, betting that the American peer’s network of stores at U.S. airports will help boost profits soured by turmoil on the British high street. Business at WH Smith’s stores at airports and railway stations has been booming as the over 200-year-old company benefits from rising passenger footfall and new larger-format outlets. WH Smith said it would fund the all-cash deal for Marshall through a combination of 200 million pounds ($255.42 million) in new debt and a 155 million pound equity raise. …read more […]

Qatar Airways CEO Akbar al-Baker said his airline would consider lifting its 10% stake in LATAM Airlines Group SA if the opportunity came up – comments which come after Delta Air Lines Inc agreed last month to buy 20% of the Chilean carrier. Currently around 48%, according to Refinitiv data, it could fall to as low as 28% depending on the take up of Delta’s tender offer for shares. Qatar Airways has historically had a contentious relationship with major U.S. carriers, which have accused Gulf airlines of receiving unfair government subsidies, distorting competition and costing Americans …read more […]

The boss of Pernod Ricard said on Thursday that trade tariffs that will apply to single malt Scotch and Spanish wine from Oct. 18 will have a “significant” impact on Pernod Ricard in the United States. Chairman and CEO Alexandre Ricard told Reuters in a telephone interview that Pernod Ricard USA could have to raise prices to make up for the tariff hikes that will impact brands such as Glenlivet Scotch whisky and Campo Viejo Spanish wine. Ricard also told Reuters he had “no particular indication” that activist investor Elliott had exited Pernod’s share capital. …read more […]

Tesla Inc was added to a government list of approved automotive manufacturers, China’s industry ministry said on Thursday, as it granted the electric-vehicle maker a certificate it needs to start production in the country. This means “the green light is fully given to Tesla for production in China,” said Yale Zhang, head of the Shanghai-based consultancy Automotive Foresight. Tesla did not immediately respond to an e-mailed request for comment. …read more […]