News

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Wed, 01 May 2019 13:35:43 GMT

Curaleaf to take over Cura Partners' Select brand

On Wednesday, Curaleaf Holdings stated it would acquire Cura Partners' cannabis Select brand in a deal worth C$1.27B in stocks, seeking to expand its footprint on the US West Coast.

Wed, 01 May 2019 13:30:14 GMT

Flipkart considers buying Indian grocery chain

Walmart-owned e-commerce company Flipkart has entered talks to acquire Namdhari's Fresh, India's grocery chain, which operates more than 30 stores in Bengaluru, CNBC-V18 stated on Wednesday.

Wed, 01 May 2019 12:37:30 GMT

Beyond Meat lifts IPO price range

Beyond Meat, the vegan meat maker, has raised the estimated price range in its upsized initial public offering, right ahead of the planned market debut this Wednesday, indicating strong demand from investors.

Wed, 01 May 2019 11:59:27 GMT

Dialog Group, Vopak face $1.35B lawsuit

Dialog Group, the energy sector services company, its JV partners, including the Dutch oil storage firm Koninklijke Vopak, are facing a $1.35B lawsuit from the property investment group for allegedly lost profits.

Wed, 01 May 2019 10:27:56 GMT

Crude Oil prices fall

On Wednesday, oil price benchmarks declined. The move was attributed to an increase in US oil inventories, which revealed that there is more oil in the market than previously though. Namely, the supply is larger than estimated before.

Wed, 01 May 2019 10:27:32 GMT

Bayer supervisors meet on Wednesday

A German magazine announced on Wednesday that the supervisory board of Bayer is planning an extraordinary meeting to talk about the recent confidence crisis. Namely, investors rebuked at the recent annual shareholder meeting.

Wed, 01 May 2019 09:32:57 GMT

Wintershall DEA plans listing for 2020 second half

On Wednesday, Germany's chemicals group BASF it had finalised the merger of the gas and oil groups DEA and Wintershall, planning to launch the newly created company's listing in the 2020's second half.

Wed, 01 May 2019 09:25:29 GMT

Spain's Acierto to be taken over by Admiral

The UK insurer Admiral Group took over Acierto, the Spanish digital broker, in partnership with the Mapfre insurer and the PE group Oakley Capital. The financial terms of the deal were not disclosed.

Wed, 01 May 2019 08:28:01 GMT

Italy's Intesa views no benefit from EU merger deal

Intesa Sanpaolo, the Italian largest retail bank, sees no possible benefit from merger deal with another EU bank, the lender's CEO Carlos Messina stated.

Wed, 01 May 2019 08:22:42 GMT

Imperial plans premium cigar business sale

Imperial Brands, the UK tobacco group, is set for a sale of its premium cigar business amid plans to divest £2.0B worth assets by May 2020, seeking to trim its debt and make investments in vaping products.

Wed, 01 May 2019 07:05:39 GMT

HealthEquity to take WageWorks for $50.50/share

HealthEquity confirmed it had made an all-cash offer to acquire WageWorks in a deal that valued the employee benefits administrator at around $2.01B or $50.50 per share.

Wed, 01 May 2019 07:01:20 GMT

Gambia ties up with BP on oil exploration deal

On Tuesday, Gambia's government announced it signed a deal with BP on the gas and oil exploration off its coast, with BP first top carry out an assessment of the environmental impact at A1 offshore block.

Wed, 01 May 2019 06:34:03 GMT

McGraw-Hill, Cengage to ink all-stock merger deal

The US education groups Cengage Learning Holdings and McGraw-Hill Education are focused to sign an all-stock merger deal, with the newly created company titles as McGraw Hill and holding around $3.16B in annual revenue, according to the WSJ.

Wed, 01 May 2019 03:37:06 GMT

Spain expects €5.6B rise in fiscal revenue

Spain announced plans to increase its fiscal revenue €5.6B next year, with new taxes for financial transactions and digital services, the country's government stated.

Wed, 01 May 2019 03:32:52 GMT

Australian home price slide weakens in April

Australia's long decrease in home prices proceeded in April due to lacklustre demand and tight credit, though the pace weakened, as rates of auction clearance stabilised in the main cities.

Wed, 01 May 2019 02:36:16 GMT

South Korean exports drop for fifth month

South Korea's exports declined less in April than in the prior month, though the fifth straight month of fall, with shipments of memory chip down 13.5%, which could hurt chances of the economy to return to growth this quarter.

Wed, 01 May 2019 02:31:34 GMT

Britain's shop price inflation cools in April

The UK shop price inflation eased to 0.4% year-on-year in early April, the first weakening in the six-month period, as retailers extended discounts at the beginning of the month, an industry survey revealed.

Tue, 30 Apr 2019 20:30:24 GMT

France's Auchan to sell 21 sites

Auchan, the French supermarket retailer, announced the decision to sell its 21 sites in France, due to tough business conditions in the sector, which already affected its rivals.

Tue, 30 Apr 2019 20:29:57 GMT

Jaguar to move production of Defender to Slovakia

The UK carmaker Jaguar Land Rover is expected to move its assembly of Land Rover Defender to the company's plant in Slovakia, the company stated.

Tue, 30 Apr 2019 19:22:52 GMT

Sberbank to buy Rambler stake

Sberbank, the largest bank in Russia, is set to spend 1% of its profit to purchase online assets of Rambler Group, the company's CFO Alexander Morozov stated.

Tue, 30 Apr 2019 19:22:43 GMT

Ford cooperates with Amazon to allow deliveries to cars

Ford Motor announced its partnership with Amazon.com to allow the company's loyalty club's members to deliver goods to their cars when owners are not at home.

Tue, 30 Apr 2019 17:57:41 GMT

Regulatory costs affect Nordea Bank's profit in Q1

Nordea Bank, the biggest lender of the Nordic region, posted a stronger-than-anticipated fall of 36% in first-quarter operating profit, citing bigger regulatory costs.

Tue, 30 Apr 2019 17:56:48 GMT

Malaysian PPI falls 1.5% in March

Malaysia's Producer Price Index declined 1.5% year-over-year in March, dragged by forestry, fishing and agriculture, official data revealed.

Tue, 30 Apr 2019 16:53:21 GMT

Germany's Import Price Index increases in March

The German Index of Import Prices grew 1.7% year-over-year, following previous months' increases of 1.6% and 0.8%, Destatis showed in the report.

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