News

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Wed, 08 May 2019 17:53:53 GMT

Thomson Reuters reports profit above estimates

Thomson Reuters reported stronger-than-anticipated quarterly profit, supported by demand for information sold to legal professionals, and reaffirmed the forecast for the rest of 2019 and 2020, with the shares up 1.9% to all-time high.

Wed, 08 May 2019 17:32:01 GMT

EQT, Digital Colony to buy Zayo for $8.2B in cash

The US communications infrastructure firm Zayo Group stated that it agreed to be sold to investment companies EQT and Digital Colony Partners for about $8.2B in cash. Zayo shares were up 9% in pre-market trading.

Wed, 08 May 2019 17:28:54 GMT

Wendy's reports stronger quarterly results

Wendy's Co reported better-than-anticipated quarterly profit and revenue, as increased royalty fees from its franchisees and new premium burgers supported the burger chain, sending shares up 2%.

Wed, 08 May 2019 16:33:14 GMT

SSE to cut 444 positions as competition bite

SSE stated that it would cut 444 positions or 5% of all employees in its customer service, metering teams as the company faces a stiff competition and a weak interest for its devices that could help diminish energy emissions.

Wed, 08 May 2019 16:27:14 GMT

Britain's house price growth at two-year high

The UK annual home price growth accelerated more than anticipated 5% year-on-year last month to reach its highest level in more than two years, Halifax stated.

Wed, 08 May 2019 15:22:32 GMT

Imperial Brands' sales disappoint amid US slowdown

The UK tobacco company Imperial Brands revealed weaker-than-anticipated sales of e-cigarettes, citing a lingering slowdown in the US, helping to send the company's shares to the lowest level this year.

Wed, 08 May 2019 15:20:17 GMT

Honda expect 6% increase in annual profit

Honda Motor announced its expectations for a 6% rise in operating profit for the 2019 fiscal year amid cost reduction efforts and production network's restructuring in Europe.

Wed, 08 May 2019 13:54:03 GMT

Thomson Reuters posts better-than-expected profit

On Wednesday, Thomson Reuters reported a better-than-expected profit for a quarter, driven by strong demand for its information aimed at legal professionals, reaffirming its 2019 year's forecast.

Wed, 08 May 2019 13:51:03 GMT

US lawmakers, Facebook COO to discuss privacy

Capitol Hill's US lawmakers and Sheryl Sandberg, Facebook's Chief Operating Officer, were set for a meeting on May 7 to discuss legislation on settling the standards for social media users privacy.

Wed, 08 May 2019 13:36:32 GMT

Match Group tops quarterly revenue, profit estimates

Match Group reported its quarterly revenue and profit results beat forecasts on a surge in the number of subscribers to the company's popular dating application Tinder, surging shares as much as 8% in extended trading.

Wed, 08 May 2019 12:39:25 GMT

Huawei CFO Meng to attend Canada court

Meng Wanzhou, Huawei's Chief Financial Officer, is set to attend a Canada court this Wednesday to launch a legal battle against the US request to extradite her to face the fraud charges.

Wed, 08 May 2019 12:34:30 GMT

Tesla shuts $2.7B shares and debt offering

On Wednesday, Tesla announced it had closed the $2.7B mixed offering of convertible notes and stock, giving the electric vehicle maker necessary amount of cash, as it sought to boost production.

Wed, 08 May 2019 11:37:05 GMT

China's Megvii attracts $750M ahead of IPO

China's AI start-up Megvii, also known as Face++, announced on Wednesday it had raised $750M in the latest round of funding ahead of its planned initial public offering in Hong Kong.

Wed, 08 May 2019 11:33:56 GMT

Marathon Petroleum's midstream arms plan merger

On Wednesday, Marathon Petroleum, the US oil refiner, stated that MPLX would acquire Andeavor Logistics in a $9.0B, merging the company's two midstream divisions that store, transport and market refined products and crude oil via terminals, pipelines and trucking operations.

Wed, 08 May 2019 09:57:30 GMT

UK Uber drivers go on strike

On Thursday, Uber drivers went on strike in the United Kingdom to protest the sums that the investors will make on the company's IPO. It seems to Dukascopy analysts that the drivers do not grasp the basic concepts of economics, as the pay of drivers has little to do with the IPO.

Wed, 08 May 2019 09:57:08 GMT

Arabian Centres gets prices at lower end

The shopping centre operator Arabian Centres announced on Wednesday that it is valuing its initial public offering at the low end of the indicative price range. The company wants to raise only $659 million.

Wed, 08 May 2019 09:39:38 GMT

SoftBank plans Yahoo Japan stake increase

On Wednesday, Japan's SoftBank is set to spend $4.0B to increase its Yahoo Japan Corp's stake and turn the unit into a subsidiary, seeking to bolster its profit by 24% this year.

Wed, 08 May 2019 09:36:06 GMT

Germany's Schaeffler sells UK plant

Schaeffler, the German bearings maker, sold the Barden plant located in Plymouth to an HQW Precision GmBH unit, securing about 400 job positions.

Wed, 08 May 2019 08:35:26 GMT

Waterton unlikely to raise Hudbay Minerals to over 15%

Waterton Global, the private equity company, announced it had agreed not to raise its Hudbay Minerals stake over 15%, after settling a proxy contest with Canada's miner.

Wed, 08 May 2019 08:32:45 GMT

Siemens spins off power and gas business

Siemens decided to spin off its struggling power and gas business, as it had dragged on the engineering company's performance due to an increase of renewable power that hit demand for the gas turbines.

Wed, 08 May 2019 07:17:34 GMT

Brazil's Hapvida seeks more acquisitions

Hapvida Participacoes e Investimentos, the Brazilian healthcare provider, aims to sign more acquisition deals in near future, following a takeover of its rival Sao Francisco Saude in a $1.26B deal, the group's CEO Jorge Pinheiro stated.

Wed, 08 May 2019 07:00:59 GMT

Grab considers spin-off of financial services, payments units

Singapore's ride-hailing firm Grab is exploring a spin-off of its financial and payments services business, seeking to raise its capital for two businesses separately, to divide one or both of them later, according to a Financial Times report seen on Wednesday.

Wed, 08 May 2019 06:38:34 GMT

Australian watchdog opposes Vodafone-TPG deal

On Wednesday, Australia's competition regulator stated it had opposed the proposed $11B merger deal between Vodafone Group's Australian division and TPG Telecom, sending TPG's shares down to eight-month low.

Wed, 08 May 2019 05:02:36 GMT

Asian stocks decline on Wednesday

Asian shares declined on Wednesday, as investors and traders switched to safe-haven bonds, driven by fears that the United States and China trade war could escalate.

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