Market Updates
Takeda Offers $55 B to Shire, Cassa Depositi to Buy 5% of Telecom Italia
Sarla Buch
06 Apr, 2018
New York City
-
AO World net loss widened but revenues soared. Italy
[R]4:00 PM Frankfurt – AO World net loss widened but revenues soared. Italy’s state-controlled lender Cassa Depositi e Prestiti plans to take 5% stake in Telecom Italia. Shire said Japan-based rival Takeda Pharma had made acquisition offer for about $55 billion.[/R]
In London trading, FTSE 100 index decreased 34.34 or 0.5% to 7,166.20 and in Frankfurt the DAX index fell 57.34 or 0.5% to 12,247.39.
In Paris, CAC 40 index slipped 21 or 0.4% to 5,257.10.
AO World Plc surged 11.2% to 127.70 pence after the U.K.-based online electrical goods retailer said revenues in the year ending in June soared 17% from a year ago to £701.2 million.
Net loss in the year widened to £7.4 million from £6.1 million in a year ago period and diluted loss per share increased to 1.55 pence from 1.44 pence.
The retailer said gross profit in the year surged 22% to £129.2 million from a year ago period.
Telecom Italia SpA jumped 7% to €0.85 after Italy-based state-controlled lender Cassa Depositi e Prestiti plans to take 5% stake in the domestic telecom services provider in state interests to support the country''s infrastructures.
Shire Plc rose 0.2% to 3,715 pence after the Ireland-focused rare diseases drugs maker said Japan-based rival Takeda Pharmaceutical Co had made acquisition offer for about $55 billion or 4.9 trillion yen.
Annual Returns
| Company | Ticker | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|
Earnings
| Company | Ticker | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|