Stock News

Deutsche Bank share price jumps, investors welcome CEO change

Shares in Deutsche Bank AG jumped as much as 8% in early European trading on Monday after the lenders co-Chief Executive Officers Anshu Jain and Jürgen Fitschen announced their resignations on Sunday and will be succeeded by former UBS CFO John Cryan. The top management shuffle at Deutsche comes only a month after the announcement […] Read more

Vodafone share price down, confirms asset swap talks with Liberty Global

Vodafone Group Plc confirmed on Friday it has held talks with Europes largest cable operator Liberty Global Plc regarding a possible exchange of “selected” assets. This sent Vodafone shares falling after rising 2% in earlier trade on speculations that the two companies were looking at a full-scale merger. However, the worlds second-biggest mobile operator dismissed […] Read more

Dish Network share price up, in merger talks with T-Mobile US

US satellite TV operator Dish Network Corp is in talks to merge with T-Mobile US Inc, the Wall Street Journal reported, a tie-up that would help both companies address major strategic issues. If completed, the merger of the country’s second-largest satellite TV operator with the fourth-biggest wireless carrier would create a combined entity with market […] Read more

Royal Mail share price up, to appoint TUI chief as new chairman

British mail operator Royal Mail Plc announced on Wednesday it will appoint Peter Long, current joint CEO of holiday operator TUI AG, as its new chairman. Mr. Long will join Royal Mails board as a non-executive director on June 18th 2015 and succeed Donald Brydon as chairman on September 1st, the company said. Mr. Long, […] Read more

Hyundai share price tumbles as sales extend decline

Hyundai Motor Co fell by more than 10% on Tuesday to the lowest level in almost five years as a weakening yen and the Korean carmakers inability to predict a global boom in SUV demand led to a further decline in sales. The company said on Monday domestic sales slid 8.2% in May from a […] Read more

Intel share price up, nears $16-billion purchase of Altera

Intel Corp is close to announcing a $16-billion acquisition of programmable-chip maker Altera Corp as early as Monday, people familiar with the matter said on Sunday, which would be the semiconductor industrys third mega deal this year. Altera shareholders will receive $54 per share, according to the people with knowledge of the talks, a 15% […] Read more

Equinix Inc share price, to acquire Telecity Group in a £2.35-billion deal

Equinix Inc, the largest US data center operator by value, said on Friday it has agreed to acquire UK-based peer Telecity Group Plc in a £2.35-billion cash-and-stock deal that ends Telecitys negotiations to buy Dutch competitor Interxion Holding NV. The latest step of consolidation in the industry in Europe offers Telecity shareholders 1 145 pence […] Read more

Broadcom share price soars, in late stage of Avago takeover negotiations

Avago Technologies Ltd, a manufacturer of chips for wireless-communications and corporate-data-storage markets, is in advanced talks of acquiring Broadcom Corp in a $35-billion deal that would help both companies better compete with larger rivals in the industry. The Wall Street Journal first reported the talks on Wednesday, sending Broadcom shares surging more than 20% for […] Read more

IAG share price up, wins Irish government approval of Aer Lingus acquisition

The Irish government backed the sale of the states 25% stake in Aer Lingus to International Consolidated Airlines Group SA, allowing the parent of British Airways and Spains Iberia to formally launch its bid for the Irish carrier. Under the offer, Aer Lingus shareholders will receive €2.55 in cash per Aer Lingus share, comprising a […] Read more

Ryanair share price up, full-year profit tops projections

Ryanair Holdings Plc, Europe’s largest budget airline, reported on Tuesday a full-year profit above expectations on the back or robust growth in revenue and projected net income to rise further this year as it expects to carry a record 100 million passengers. The company said that net income in the fiscal year ended March 31st […] Read more