Articles by: Lyubomir Dimitrov

Raiffeisen share price down, sees second annual loss in 2015

Austrias Raiffeisen Bank projected on Wednesday another full-year loss as the company intends to book the majority of its planned restructuring costs in the year ahead. Europes second-largest bank confirmed a loss of €493 million for the past year as previously stated in its preliminary report issued on February 9. The figure compares with a […] Read more

HSBC share price up, to relocate 1 000 jobs to Birmingham

HSBC Holdings Plc announced on Tuesday that will move around 1 000 jobs from London to Birmingham as the largest bank in Europe relocates its personal and business arm. The move is expected to be completed before 2019, when new laws are projected to kick in. Banks would have to separate their retail operations from […] Read more

Hutchison Whampoa share price up, nears O2 acquisition

Hutchison Whampoa Ltd is close to striking a deal with Telefonica to acquire its British cellphone operator O2 for around £10.25 billion. Owned by the richest man in Asia Li Ka-shing, the company intends to merge O2 with its existing mobile business Three in order to create the biggest mobile operator in Britain. According to […] Read more

Vivendi share price down, rebuffs UMG spin-off offer

A minor shareholder of Vivendi is pushing the French media group to spin off its Universal Music Group unit and to return a total of €9 billion in the form of a special dividend. The U.S. hedge fund P. Schoenfeld Asset Management, which owns slightly less than 1% of Vivendi shares, has sent a letter […] Read more

H&M share price up, posts better-than-expected performance

Sweden’s Hennes & Mauritz AB reported first-quarter profit above expectations, but the worlds second-largest fashion retailer warned that the robust dollar may dent future performance. The company stated a pre-tax profit of 4.7 billion Swedish crowns in the three months ended February 28, up from the SEK 3.49 billion reported a year ago. In comparison […] Read more

Tenet share price up, forms a joint venture with Welsh Carson

Tenet Healthcare Corp. announced on Monday it had agreed to a joint venture with United Surgical Partners International in order the create the largest provider of ambulatory surgery in the U.S. Tenet, the third-largest publicly traded hospital chain in the U.S., said it had reached an agreement with Welsh, Carson, Anderson & Stowe, USPIs parent, […] Read more

Village Roadshow share price up, to team up with Citic Group

Australias Village Roadshow Ltd announced on Monday it had reached a deal with Chinese investment company Citic Group to start the construction of theme parks on the mainland. The company said that after more than two years of negotiations it has inked a deal with a subsidiary of state-owned Citic to form a $500-million joint […] Read more

RadioShack share price down, faces extinction ahead of bankruptcy auction

All of RadioShack Corps stores may be closed down for good after Mondays bankruptcy auction if Standard General LP does not prevail in the bid war. The hedge fund, which is also a creditor of the electronics company, is the only interested party that does not intend to completely shut down RadioShack if it gets […] Read more