Trading Ideas

Securitas, the world’s biggest security services group, reported a rise in third-quarter profit as improved margins in North America helped offset wage cost pressure in Europe and said it outgrew the market in the first nine months. Operating profit grew to 1.4 billion Swedish crowns ($149.2 million) from a year-ago 1.1 billion, roughly matching a mean forecast in a Refinitiv poll of analysts. The operating margin in North America widened to 6.7% from 6.5% while in Europe it shrank slightly to 5.9% from 6.0% on some wage pressure, with salary increases not fully offset by price increases in …read more […]

(Bloomberg) — Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Germany’s finance ministry sought to break the deadlock in discussions over European banking integration by signaling it may drop its opposition to a key part of the plan.Berlin is ready to consider a form of joint European deposit insurance, something that would stabilize the financial system by reducing the risk of bank runs, according to a finance ministry paper published on Wednesday. That part of the plan has stalled, facing strong resistance from fiscally conservative countries and some parts of the German …read more […]

Today we’ll evaluate Electricité de France S.A. (EPA:EDF) to determine whether it could have potential as an… …read more […]

(Bloomberg) — Mitsubishi Motors Corp. slashed its annual profit and sales outlook, becoming the latest Japanese automaker hit by sputtering global demand and a stronger yen.Operating profit for the fiscal year through March 2020 will be 30 billion yen ($275 million) instead of 90 billion yen, the company said in a statement Wednesday, citing decreases in wholesale volumes and the impact of currency swings that erode income brought home. The revenue outlook for the period was cut 5% to 2.45 trillion yen.The gloomy outlook underscores the challenges facing other Japanese carmakers, including Toyota Motor Corp., which reports results Thursday, as …read more […]

Q3 2019 Resonant Inc Earnings Call …read more […]

German chemicals association VCI on Wednesday said it saw no positive signals for the chemical industry after reporting a 2.4% drop in third-quarter revenues, citing a weakening auto market, a drop in domestic orders and sluggish global growth. “The situation for the chemical industry is not easy,” VCI President Hans Van Bylen said. Production in the chemical and pharmaceutical industries, which are significant contributors to Germany’s gross domestic product, fell 0.6% in the third quarter of the year, VCI said, adding that falling prices weighed on third-quarter revenues. …read more […]

Nov.06 — Jalal Bagherli, chief executive officer at Dialog Semiconductor, discusses 3Q earnings, their relationship with Apple, the pipeline for M&A and how the U.S.-China trade tension are impacting his business. He speaks exclusively on “Bloomberg Daybreak: Europe.” …read more […]

One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will… …read more […]

China will support its firms’ purchases of Airbus planes, state news agency Xinhua said on Wednesday, citing commitments by French President Emmanuel Macron and Chinese President Xi Jinping during a meeting. Macron is to meet Xi in Beijing on Wednesday, during his trip this week to China, where he has attended a major trade fair in Shanghai. Xinhua added that the two nations agreed to work together to push forward the completion and delivery centre programme of the European planemaker’s A350 model, as well as step up Airbus’ investments in China. …read more […]

(Bloomberg Opinion) — Like expensive gems, luxury goods companies have scarcity value. If Bernard Arnault’s LVMH Moet Hennessy Louis Vuitton SE is allowed to get its hands on Tiffany & Co., the American jeweler is unlikely to come up for sale again. That’s something LVMH’s biggest rivals, Kering SA and Cie Financiere Richemont SA, might want to consider carefully.Financially they could both afford to make counterbids for Tiffany. An offer from either Cartier-owning Richemont or Gucci-owning Kering at the $120 per share price proposed by Arnault would lift their net debt to about 2.5 times Ebitda. That’s not too much …read more […]

Today we’ll do a simple run through of a valuation method used to estimate the attractiveness of ElringKlinger AG… …read more […]

The Chinese government has decided not to eliminate the cryptocurrency mining industry from the country in a new final plan. The National Development and Reform Commission (NDRC) of China, a central government agency in charge of formulating macroeconomic policies, has today published a final “Industrial Structure Adjustment Guidance Catalog” – a list of those industries […]The post China decides to not eliminate crypto mining industry in a new final plan appeared first on The Block. …read more […]

(Bloomberg) — Equity bulls had been eyeing Walgreens Boots Alliance Inc. just before news broke Tuesday that the company is considering going private.Trading of bullish options surged to a level not seen in two years Monday, amid the biggest two-day gain in the stock since 2014, data compiled by Bloomberg show. Calls betting that the shares would advance to at least $61 were the most traded — they’ve been below that price since April.Walgreens Boots climbed for a third day Tuesday, closing at $61.21, as people familiar with the matter said the retail pharmacy recently held informal talks with private-equity …read more […]

(Bloomberg) — Xerox Holdings Corp. is considering a cash-stock offer for the $27 billion PC giant HP Inc., the Wall Street Journal reported, a deal that could combine two of the biggest American names in office hardware.Xerox’s board met Tuesday to deliberate a deal that could result in $2 billion of annual cost savings, the newspaper cited unidentified people as saying. While there’s no guarantee the company will follow through, any offer would value HP at a premium to its market value, the Journal reported. Representatives for the companies weren’t immediately available for comment after regular business hours.Xerox, which a …read more […]

NUR-SULTAN, Nov 6 (Reuters) – Kazakhstan believes the new, increased cost of the Tengiz oilfield expansion project is too high and wants Chevron and ExxonMobil to review it, Energy Minister Kanat Bozumbayev said on Wednesday. Chevron, which leads the consortium developing one of the Central Asian nation’s biggest oilfields, said last week that cost overruns would balloon project expenses by 25% to $45.2 billion.. “Generally, we told them that in our opinion the sum is too high,” Bozumbayev told reporters when asked about Tengiz costs. …read more […]