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E.ON Loss Widens on Uniper Spinoff, Safran Eyes Zodiac Aerospace

Sarla Buch
15 Mar, 2017
New York City

E.ON reported historic loss after write-downs linked to Uniper spinoff. U.K. government reduced its stake in Lloyds Banking to below 3%. H&M said sales in first-quarter jumped 8%. Hikma net tumbled 38%. Zodiac Aerospace plunged on weak sales and Safran bid.

Ackman Sells Valeant at $3 B Loss, HD Supply Confident of Outlook

Mukesh Buch
14 Mar, 2017
New York City

Ackman controlled Pershing Square sold its 10% stake in Valeant Pharma at $3 billion loss. Bon-Ton net declined on 6% drop in revenues. DSW lifted annual sales outlook. HD Supply net tumbled 94%. RadNet net surged more than four-fold. Veritiv net plunged 58%.

Antofagasta Lifts Dividend on Commodities Recovery, RWE Loss Widens

Sarla Buch
14 Mar, 2017
New York City

Antofagasta lifted annual dividend on the back of a recovery in base metal market. Ocado first-quarter sales jumped on higher weekly orders. Prudential net plunged. Symrise profit rose. RWE net loss widened. Wacker net declined.

Intel in $15.3 B Deal with Mobileye, Travelers to Buy Simply Business

Mukesh Buch
13 Mar, 2017
New York City

Empire Resorts net loss narrowed but revenues fell 6%. Gener8 Maritime net tumbled 87%. Intel agreed to acquire Israel-based Mobileye for $15.3 billion. Myokardia net swung to profit. Travelers agreed to buy the U.K.-based Simply Business.

Amec Foster Wheeler and Bovis Surge on Bid, Helvetia Net Jumps

Sarla Buch
13 Mar, 2017
New York City

Aryzta net income in the year swung to a loss. Amec Foster Wheeler agreed to be acquired by domestic rival John Wood Group for

Vail Resorts Enjoys Strong Winter Sales, VeriFone Down on Weak Guidance

Mukesh Buch
10 Mar, 2017
New York City

Buckle net and revenues plunged. Genesco net increased but revenues dropped. Hibbett Sports profit tumbled 30%. VeriFone net swung to a loss and revenues plunged 11%. Vail Resorts net soared 28% on 21% jump in revenues. Zumiez net surged 38%.

BT to Split Openreach, Shell to Sell Canadian Oil Sands Assets

Sarla Buch
10 Mar, 2017
New York City

The U.K. regulator approved the separation of BT and Openreach. Fraport said number of passengers in February increased 1% to 4 million. Segro launched a 1-for-5 rights issue. Shell agreed to sell Canadian oil sands assets worth $7.3 billion.

Akzo Nobel Rejects $22 B PPG Offer, Signet to Rev Up Digital Operations

Mukesh Buch
09 Mar, 2017
New York City

Actua net swung to profit on the sale of GovDelivery and lifted fiscal outlook. American Airlines said total revenue passenger miles in February fell 3.3%. Cantel Medical net and revenues soared on strong order and backlog. Akzo Nobel rejected $22.1 billion PPG offer. Signet net jumped.

Morrison Stays Focused on Turnaround, Co-op Bank to Raise

Sarla Buch
09 Mar, 2017
New York City

Co-operative Bank, the struggling lender is seeking to raise

H&R Surges on Market Gain, Children

Mukesh Buch
08 Mar, 2017
New York City

Bob Evans lifted earnings forecast. Ciena net swung to profit. Express plunged on lowered fiscal outlook. H & R Block net loss widened. Children

Adidas Lifted Outlook, Dassault Net Boosted by Rafael Exports to India

Sarla Buch
08 Mar, 2017
New York City

Admiral Group net plunged on the latest discount rate cut. Adidas lifted fiscal 2017 outlook. Boskalis net swung to a loss. Deutsche Post net surged. Dassault Aviation net jumped on two major contracts from India. G4S net soared on new contracts. Legal & General net jumped.

Groupe Casino Cautious on Outlook, Worldpay Net swing to Profit

Sarla Buch
07 Mar, 2017
New York City

Ashtead profit surged after growth in North America and weak British pound. Direct Line net tumbled 52% after new law of discount rates. Groupe Casino net swung to profit after divestment of operations in Asia. Just Eat net soared on increasing orders and number of active customers.

HP Entp to Buy Nimble Storage; Dicks Sporting Drops on Weak Outlook

Mukesh Buch
07 Mar, 2017
New York City

Brown-Forman net fell on flat revenues. Dicks Sporting net jumped but lowered sales forecast. Exxon Mobil plans to invest $20 billion through 2022 in the US Gulf Coast. HP Entp agreed to buy Nimble Storage for $1 billion. Michaels Co net jumped 6.3%. Navistar net loss widened.

GM Divests to Focus on Domestic U.S. Operations

Mukesh Buch
06 Mar, 2017
New York City

Armstrong Flooring net loss widened. CJS Solutions agreed to be acquired by India-based Tech Mahindra for $110 million. FairPoint Communications net fell 62%. GM agreed to sell Opel, Vauxhall and European financing units for $2.3 billion.

Deutsche Bank Right Offering After Major Reversal, PSA in

Sarla Buch
06 Mar, 2017
New York City

bet-at-home.com lifted fiscal 2017 revenues. Deutsche Bank plans to raise

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