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Altran Plunges 28%, GAM Declines on Profit Warning

Sarla Buch
13 Jul, 2018
New York City

Altran tumbled 28% after it identified a fraud at its recently acquired U.S. unit. Gjensidige blamed weaker profit on winter conditions. European Union approved Ryanair to increase its stake to 75% in Austrian rival Laudamotion. GAM Holding plummeted on profit warnings.

Delta Air Lowers Outlook; Bank of the Ozarks, Valmont Decline

Mukesh Buch
12 Jul, 2018
New York City

Bank of the Ozarks reported strong quarterly earnings results. Commerce Bancshares net soared. Delta Air lowered fiscal 2018 earnings forecast on higher fuel cost. T. Rowe said assets under management increased to $1.04 trillion.

Gerresheimer Exceed Expectations, Suedzucker Drops on Weaker Outlook

Sarla Buch
12 Jul, 2018
New York City

Aker Solutions profit surged and the oil services provider offered a positive outlook. DNB, the Norway based bank said net soared. Gerresheimer surged on better-than-expected results. Suedzucker declined after operating profit plunged 49%.

AngioDynamics Drops on Weak Revenue, Fastenal, WD-40 Shine

Mukesh Buch
11 Jul, 2018
New York City

AngioDynamics tumbled on weak revenues. AAR Corp net declined but reaffirmed fiscal outlook. Fastenal surged after stronger-than-expected results. MSC Industrial Direct net soared on. WD-40 Co reported strong third-quarter results.

Barratt Lifts Outlook, Indivior Plunges After Market Share Loss to Dr Reddy

Sarla Buch
11 Jul, 2018
New York City

Burberry reported disappointed sales in Asia Pacific and Americas. Barratt Developments forecasted pretax profit to jump after average selling price jumped 5%. Indivior tumbled after company suffered market share loss in the opioid treatment to the India based generic drug maker.

PepsiCo Reaffirms Outlook on International Strength, WD-40 in Focus

Mukesh Buch
10 Jul, 2018
New York City

PepsiCo net declined but the food and beverage maker reaffirmed fiscal 2018 forecast and highlighted strength in international markets. The Simply Good Foods net more than doubled.

Ocado Net Swing to Loss, Nordex Wins Wind Turbine Contract in Brazil

Sarla Buch
10 Jul, 2018
New York City

Cambian received preliminary takeover approach from a rival. Nordex secured largest ever single contract in Brazil. Ocado net swung to a loss. TP ICAP tumbled on weak fiscal operating profit forecast.

Groupon Seeks a Buyer, Canada Pension Fund Acquires Sportradar

Mukesh Buch
09 Jul, 2018
New York City

Canada Pension Plan and TCV agreed to acquire Sportradar for $2.4 billion. Helen of Troy net surged. Vista Outdoor agreed to sell its eyewear brands for $158 million.

Air France June Traffic Jumps, TOTAL Acquires Stake in Direct Energie

Sarla Buch
09 Jul, 2018
New York City

Air France KLM reported higher passenger traffic growth in June. Elior Group increased its stake in its North America unit. Total SA acquired 73% stake in Direct Energie for

Pricesmart Tumbles on Weak Profit, Sonos IPO to Raise $100 Million

Mukesh Buch
06 Jul, 2018
New York City

Bristol-Myers hired is reportedly looking to sell its France-based over-the-counter drugs business. Pricesmart profit fell. Silicon Motion Technology declined on weak second-quarter forecast. Sonos plans to raise $100 million in an initial public offering.

Inmarsat Rejects Revise Bid, Assa Abloy Writes Down China Assets

Sarla Buch
06 Jul, 2018
New York City

Assa Abloy booked $700 million impairment charges related to China operations. Altice is in talk with China-based Huawei for the development 5G networks in Netherland. HELLA is selling its Demark and Poland-based businesses. Inmarsat rejected second improved takeover bid.

Boeing to Acquire Stake in Embraer, PayPal Sells Receivables to Synchrony

Mukesh Buch
05 Jul, 2018
New York City

The Boeing will acquire a controlling stake in Brazil-based Embraer for $4.8 billion. International Speedway net surged. PayPal completed the sale of its consumer credit receivables business to Synchrony for $6.9 billion. Zebra agreed to acquire Xplore.

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