Stock News

Altice share price up, expands US foothold with $17.7-billion Cablevision acquisition

European telecoms group Altice continues working its way into the lucrative US cable market as the company run by billionaire investor Patrick Drahi announced on Thursday it has agreed to purchase Cablevision Systems Corp in a $17.7-billion deal including debt. Altice said it would pay $34.90 per Cablevision share in cash, a 22% premium over […] Read more

Galliford Try posts record full-year results driven by strong UK housing market

British construction and housebuilding group Galliford Try Plc posted on Tuesday record results for the year ended June 30th as strong market conditions helped boost performance at both of its main divisions. The FTSE-250 company said that per-tax profit surged 20% to £114.0 million from £95.2 million a year earlier, making it the latest British […] Read more

Ocado share price steady, Q3 sales top estimates

British online grocer Ocado said on Tuesday that third-quarter sales topped analysts projections and that it remained confident of signing its first technology deal with an overseas retailer this year. Gross retail sales jumped 15.3% in the 12 weeks to August 9th to £252.0 million from £218.5 million a year earlier, topping analysts projections for […] Read more

Nintendo names Tatsumi Kimishima as president

Nintendo Co Ltd promoted on Monday Tatsumi Kimishima, a former banker who has also led Nintendos North American operations, to president, filling the top spot left vacant by longtime President Satoru Iwata who died of cancer in July. Mr. Kimishima, 65, who is currently in charge of human resources and accounting, will take over on […] Read more

Stock Indices: Dow Jones posts the largest weekly gain since March before the key Fed meeting

On Friday Dow Jones Industrial Average traded within the range 16,244.65-16,434.76. The benchmark closed at 16,433.09, gaining 0.63% (102.69 points) on a daily basis and extending its advance from Thursday. On September 9th the average went up as high as 16,664.65 to mark its highest level since August 28th, when a daily high of 16,669.97 […] Read more

Avolon Holdings share price down, agrees to takeover by China’s HNA Group

Irish aircraft lessor Avolon Holdings Ltd said on Thursday it agreed to be acquired by Chinas Bohai Leasing Co Ltd in a $2.5-billion deal, highlighting the Asian countrys growing demand for passenger jets. Bohai Leasing, a Shenzhen-listed subsidiary of Chinese aviation and shipping conglomerate HNA Group, will pay $31 per Avolon share in cash, $1 […] Read more

Glencore share price up, S&P downgrades outlook to negative

Ratings agency Standard and Poors cut its outlook for Glencore Plc to negative from stable after the London-listed company reported a hefty drop in first-half profit and lowered its projections for commodity prices. The negative revision adds to pressure on the miner and commodity trader, whose shares have tumbled by about 65% over the past […] Read more

Tesco share price steady, names MBK Partners as preferred bidder for South Korean business

British retailer Tesco Plc has selected Asian private-equity firm MBK Partners LP as the preferred bidder for its business in South Korea, according to people with knowledge of the matter. Seoul-based MBK won exclusive negotiating rights with an offer of about $6 billion, the people said. The bid of the MBK consortium, which includes the […] Read more

AGA Rangemaster share price soars, receives competing takeover approach from Whirlpool

British maker of cast-iron cookers Aga Rangemaster announced on Tuesday it has received a takeover approach from a second US company, potentially placing it in the midst of a bidding war. Aga, whose large cookers are favored by the English middle class and are synonymous with a British country lifestyle, said it has received an […] Read more

Suzuki Motor share price down, to buy back Volkswagen’s stake after arbitration ruling

Japanese car maker Suzuki Motor Corp said on Sunday it would buy back a 19.9% stake it sold to Volkswagen AG in 2010 after an international arbitration court granted it an exit from a fruitless tie-up. A classic example of a failed partnership in the car industry where complex supply chains and differences in management […] Read more