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Altice Divests Swiss Operation, Renault November Sales Barely Budged

Sarla Buch
01 Dec, 2017
New York City

Altice agreed to sell its Swiss telecom solutions business and Data Center to InfraVia Capital Partners. Fuchs Petrolub agreed to divest its domestic production site to Japan-based CCI Group. Indivior received approval from the U.S. to sell opioid treatment. Renault November sales rose.

Kroger Beats Quarterly Estimate, PVH Lifts Outlook

Mukesh Buch
30 Nov, 2017
New York City

Barnes & Noble plunged after weak forecast. Donaldson lifted fiscal 2018 outlook. Kroger beats third-quarter forecasts. L Brands November comparable sales fell 2%. PVH raises fiscal 2017 revenues forecast. Semtech net plummeted 57%.

Paypoint Net Decline Surprised Traders, Rocket Start-ups Cut Losses

Sarla Buch
30 Nov, 2017
New York City

Capital Stage said net earnings and revenues jumped. Grainger profit tumbled but revenues soared 20%. Paypoint first-half net fell. MBB said operating profit soared. Rocket Internet net loss narrowed after three of its start-ups reported strong results. Soitec net jumped.

Regal and Cineworld Talk Merger, Tiffany Beats Estimates

Mukesh Buch
29 Nov, 2017
New York City

Atkore International fourth-quarter results beats estimate. Marvell Technology forecast strong revenues in quarter ahead. Nuance Communications surged on new booking forecast. Photronics net jumped 35%. Tiffany & Co revenues jumped.

BBVA in

Sarla Buch
29 Nov, 2017
New York City

Britivic soared on less-than-expected decline in profit. Brewin Dolphin lifted dividend after profit surged. BBVA agreed to sell 80% of its real-estate business for

Emerson Abandons $29 B Bid to Buy Rockwell, Thor Beats Estimates

Mukesh Buch
28 Nov, 2017
New York City

Emerson Electric withdraws $29 billion offer to buy Rockwell Automation. Momo profit and revenues surged. Roark Capital agreed to buy Buffalo Wild Wings for $2.4 billion. Thor Industries beats earnings and revenues estimates. Tech Data beats third-quarter results.

Ocado Surges on Casino Deal; Cranswick and Shaftesbury Gain on Results

Sarla Buch
28 Nov, 2017
New York City

Cranswick reported strong sales growth in the first-half. Casino agreed to use e-commerce platform of the U.K.-based Ocado. Ericsson estimated 5G Subscriptions to reach 1 billion by 2023. Shaftesbury profit surged on revaluation of investment properties.

Meredith to Buy Time Inc, Barracuda in LBO Deal

Mukesh Buch
27 Nov, 2017
New York City

Barracuda Networks agreed to be acquired by the privately held Thoma Bravo for $1.6 billion. KKR & Co revised its bid price for Japan-based Hitachi Kokusai Electric. Meredith agreed to acquire Time Inc for $2.8 billion. PNC Financial agreed to acquire The Trout Group.

Aviva Jumps on

Sarla Buch
27 Nov, 2017
New York City

Aviva plans to launch share buyback of up to

Dish, CBS Sign New Agreement; Icahn Buys Stake in SandRidge

Mukesh Buch
24 Nov, 2017
New York City

DISH Network and CBS Corp signed a multi-year carriage agreement. Nektar experimental pneumonia treatment with Bayer did not meet primary goal in a phase III study. Carl Icahn bought 13.51% stake in SandRidge Energy.

Mitchells & Butlers Faces Rising Costs, Laurent Perrier Net Slides

Sarla Buch
24 Nov, 2017
New York City

Laurent Perrier profit declined sales edged lower. Mitchells & Butlers profit tumbled as food and beverage costs rose. Philips acquired the U.S.-based startup Analytical Informatics. Paddy Power Betfair is in talks with Australia-based Crown Resorts.

Centrica Tumbles on Profit Warning; Thyssenkrupp Net Swing to Loss

Sarla Buch
23 Nov, 2017
New York City

Altice is said to step up non-core asset sale as it struggles under mountain of debt. Centrica issue profit warning as customer loss continues. Remy Cointreau net surged. Thyssenkrupp quarterly results swung to a loss.

HP, HP Enterprise Results Disappointed, Rockwell Rejects Emerson Offer

Mukesh Buch
22 Nov, 2017
New York City

Copart net declined but revenues jumped. Deere rebound on strong results. Guess declines after net swung to a loss. HP results disappointed. HP Enterprise fell after results failed to impress investors. Rockwell rejected unsolicited proposal. Salesforce net swung to profit.

Aggreko Revenues Boosted by North America, Thomas Cook Profit Surges

Sarla Buch
22 Nov, 2017
New York City

Aggreko said revenues surged in North America unit but warned on Argentina and Africa business. The Biffa net swung to profit and declared a maiden interim dividend. Sage annual profit soared 44%. Thomas Cook benefited from strong demand in Northern Europe.

Analog Devices, Lowe

Mukesh Buch
21 Nov, 2017
New York City

Analog Devices beat earnings results. Burlington Stores fourth quarter outlook disappointed Wall Street. Campbell Soup lowered profit forecast. Chico''s net tumbled. Dollar Tree profit beats estimates on higher traffic. Lowe

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