ticker

Europe Movers: Bayer, Kingfisher, GVC Holdings, IG Group, Pennon

Sarla Buch
20 Sep, 2016
New York City

Bayer forecasted higher sales and earnings in all businesses. Kingfisher profit rose 1% and lifted annual profit forecast. GVC Holdings net swung to a loss but revenues surged. IG Group first-quarter revenues jumped 5%. Pennon estimated operating profit of

J&J in $4.3 B Deal with Abbott, Avnet, Infoblox Surge on M&A Talk

Mukesh Buch
19 Sep, 2016
New York City

AIG agreed to sell 20% stake in Ascot Underwriting to Canada Pension Plan. Avnet agreed to sell its IT unit to Tech Data for $2.6 billion. Eldorado Resorts agreed to buy Isle of Capri Casinos for $950 million. Infoblox agreed to be acquired by privately held Vista Equity.

Haldex Rejects Knorr-Bremse Offer, Mitie Tumbles on Forecast

Sarla Buch
19 Sep, 2016
New York City

Dairy Crest declined on full-year outlook. Haldex rejected higher offer from Knorr-Bremse. Mitie tumbled 28% on lowered full-year operating profit forecast. Rolls-Royce said it reduced additional 200 management roles.

Intel Lifts Revenue Forecast, Oracle Net Jumps 5%

Mukesh Buch
16 Sep, 2016
New York City

Unilever in negotiation to acquire retailer Honest Co for $1 billion. Intel lifted revenues and gross margin forecast for the third-quarter. Oracle profit jumped 5%. UPS plans to hire approx 95,000 seasonal employees between Novembers and through January 2017.

Deutsche Not Ready to Settle U.S. Claims, Unilever in Talks to Buy Honest

Sarla Buch
16 Sep, 2016
New York City

Deutsche Bank said it has no intention to settle

Three Bids for McDonald's Asian Outlets, Apogee Drops 6%

Mukesh Buch
15 Sep, 2016
New York City

Apogee net soared 52% on 16% increase in revenues and the building fixtures designer lifted earnings outlook. Clarcor lowered sales and earnings forecast. Star Bulk Carriers net loss narrowed. McDonald''s received final three bids for its China and Hong Kong outlets.

Informa in

Sarla Buch
15 Sep, 2016
New York City

Areva agreed to sell its 50% stake in Adwen to Spain-based Gamesa. Informa agreed to buy the U.S.-based privately held Penton Information for

Bayer Agrees to $2 B Breakup Fee in Monsanto Deal, Cracker Barrel Net Jumps

Mukesh Buch
14 Sep, 2016
New York City

At Home Group net swung to profit after net sales surged 21%. Cracker Barrel profit soared 8% on 4% increase in revenues. Monsanto agreed to be acquired by the Germany-based Bayer for $128 per share or $66 billion in cash deal.

Bayer and Monsanto in $66 B Deal; Hermes, Richemont Drop on Outlook

Sarla Buch
14 Sep, 2016
New York City

Bayer agreed to acquire the U.S.-based Monsanto for $66 billion. Hermes International profit soared 13% to

Japan Based Renesas to Buy Intersil, United Natural Foods Net Declines

Manish Shah
13 Sep, 2016
New York City

Farmer Brothers net swung to profit. GMS net soared after revenues surged 22%. Intersil agreed to be acquired by the Japan-based rival Renesas for $3.2 billion. United Natural Foods net declined 4%.

Hilton Food, Partners Group, JD Sports Profit Jump; Esure to Split Gocompare

Sarla Buch
13 Sep, 2016
New York City

Esure plans to separate its price comparison website Gocompare.com. Hilton Food net surged 30%. Partners Group soared 19% to 254 million francs. JD Sports profit surged 69% on 20% jump in revenues. Ocado group sales in the third-quarter surged 15%.

HP and Samsung in Printing Unit Deal, Polaris Drops 5% on Lowered Estimates

Mukesh Buch
12 Sep, 2016
New York City

Eagle Materials agreed to buy Ohio-based cement plant of CEMEX for $400 million. Gaming and Leisure is nearing to buy Meadows Racetrack and Casino. HP agreed to buy printing business of Samsung for $1.05 billion. Praxair and Linde terminated merger talk.

E.ON Completes Uniper Spin-off, Linde Terminates Merger Talk with Praxair

Sarla Buch
12 Sep, 2016
New York City

Associated British Foods said Primark annual sales are expected to increase 9%. E.ON completed the Uniper SE spin-off. Fraport passenger traffic in August fell 5%. Hannover Re forecasted profit in the year of

Apple Launches Next Generation of Phones, Liberty Media Buys Formula One

Mukesh Buch
08 Sep, 2016
New York City

Investors were lukewarm to the launch of the widely anticipated next generation of Apple iPhones and smartwatch. Barnes & Noble said quarterly sales were flat. Hooker Furniture net soared. Hewlett Packard Enterprise spin-off its non-core software assets. Liberty Media agreed to buy Formula One.

Micro Focus in

Sarla Buch
08 Sep, 2016
New York City

Dixons Carphone said sales in the first-quarter rose 9%. Enquest profit surged 53% but revenues declined 14% and the energy explorer lowered annual production forecast. Air France KLM said passenger count in August fell 1.8%. Micro Focus agreed to acquire non-core assets Hewlett Packard Enterprise.

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