- Sarla Buch
- 20 Sep, 2017
- New York City
Alten profit surged on three acquisitions in the fiscal 2017. Babcock reaffirmed fiscal 2018 and 2019 outlooks. Zara owner Inditex profit soared but margin dropped. Kingfisher profit declined. Thyssen and Tata agree to merge their European business.
- Mukesh Buch
- 19 Sep, 2017
- New York City
AutoZone reports sales and earnings growth but the early rally in stock fizzles. Apogee reaffirmed fiscal outlook. Catalent agreed to buy privately held Cook Pharmica for $950 million. Neogen net and revenues surged. Steelcase net jumped. Walgreens received regulatory clearance to acquire Rite Aid.
- Sarla Buch
- 19 Sep, 2017
- New York City
Femsa sold its 5.24% stake in Heineken for
- Mukesh Buch
- 18 Sep, 2017
- New York City
Itron agreed to acquire its smaller rival Silver Springs Networks for $830 million. Northrop Grumman intends to acquire missile and rocket maker Orbital ATK for $7.8 billion. Slack raised fund in the latest round at $5 billion valuation. Wenner Media seeks buyer for Rolling Stone.
- Sarla Buch
- 18 Sep, 2017
- New York City
Dairy Crest said strong demand for its cheese products are expected to lift half-year profit. Hiscox estimated claims of $150 million in Hurricane Harvey. PwC profit fell blamed election and Brexit. Petra Diamonds profit fell but revenues soared.
- Mukesh Buch
- 15 Sep, 2017
- New York City
Centene agreed to acquire nonprofit health insurer Fidelis Care for $3.75 billion. Mirati Therapeutics stock surged on positive cancer treatment trial results. Oracle profit and revenues jumped. Sparton beats earnings results. Tenet Healthcare is looking for a merger partner.
- Sarla Buch
- 15 Sep, 2017
- New York City
The Dutch government reduced its stake to 56% in ABN AMRO after
- Mukesh Buch
- 14 Sep, 2017
- New York City
Citigroup forecasted trading revenue in the third-quarter may slump 15%. JPMorgan estimated trading revenue in the third-quarter may decline 20%. L3 Technologies completed the acquisition of Doss Aviation. United Natural Foods net soared 12%. Value Line net tumbled.
- Sarla Buch
- 14 Sep, 2017
- New York City
Booker sales increased 1.1%. John Lewis tumbled on flat revenues. Morrison profit surged 46% but sales growth was weaker than expectation. Next lifted full-year forecast. Hermes International profit and revenues led by increase in Asia.
- Mukesh Buch
- 13 Sep, 2017
- New York City
A-Mark Precious Metals net soared but revenues declined. Cracker Barrel sales dropped but beat estimates. Centene agreed to buy Fidelis Care for $3.75 billion. Nordstrom family is reportedly in talks to take the retailer private. Seadrill filed for Chapter 11 bankruptcy.
- Sarla Buch
- 13 Sep, 2017
- New York City
Balfour Beatty to divest its stake in Blackpool airport. Bayer sells 9.4% stake in plastic materials maker Covestro for
- Mukesh Buch
- 12 Sep, 2017
- New York City
Advaxis said net loss in the quarter widened. Investors Real Estate Trust net loss narrowed. Layne Christensen reported stronger-than-expected results. Limoneira declined on weak outlook. Teva Pharmaceuticals agreed to sell its women
- Sarla Buch
- 12 Sep, 2017
- New York City
Ashtead, the construction equipment provider estimated fleet demand may rise in the U.S. after two hurricanes. Credit Agricole agreed to sell 16% stake in Saudi bank. Hastings ends merger talk with AA. JD Sports beats expectations. Virbac tumbled on weak outlook.
- Mukesh Buch
- 11 Sep, 2017
- New York City
Electronics For Imaging net plunged but revenues increased. General Electric sells its remaining 15.5% stake in Penske Truck Leasing Co for about $674 million. Pilgrim''s Pride acquired Moy Park from Brazil-based JBS for about $1 billion.
- Sarla Buch
- 11 Sep, 2017
- New York City
AB Food lifted full-year outlook on stronger sales growth at Primark divison. bet-at-home net and revenues surged. L''Oreal sells The Body Shop to Brazil-based Natura Cosmeticos for