Peel Hunt Expects In-Line Performance as Slower Activity Dampens First-Half Growth
Peel Hunt expects its performance for fiscal 2025 to be in line with market expectations due to slowing activity in recent weeks following a stronger first half. The U.K. mid- and small-cap specialist ...
LVMH Sells Off-White Label to Brand Management Company — Update
LVMH sold luxury-streetwear brand Off-White to New York-based brand management company Bluestar Alliance for an undisclosed sum, three years after its first investment in the label founded by American ...
Pfizer to Receive 2.66 Billion Pounds From Haleon in Share Deal
Pfizer will receive around 2.66 billion pounds ($3.56 billion) in aggregate from Haleon from an offering and a share buyback. Goldman Sachs International said Tuesday that the pharmaceutical company ...
Partners Group to Sell Metering Company Techem to TPG, GIC in $7.5 Billion Deal
Partners Group said it is selling Techem in a deal that values the German metering company at around 6.7 billion euros ($7.46 billion). The Swiss private-equity firm said Tuesday that it agreed to ...
Stellantis Recalls Over 150,000 Plug-In Hybrid Jeeps Over Potential Fire Risk
Stellantis is recalling over 150,000 of its U.S. market plug-in hybrid Jeeps over a potential fire risk. The news comes a day after the company saw its shares plunge nearly 15% as it cut its full-year ...
LVMH Sells Off-White Label to Brand Management Company
LVMH has sold Off-White, the company that owns the Off-White luxury streetwear brand, to New York-based brand management company Bluestar Alliance. The terms of the deal were not disclosed, the ...
OpenAI to Receive $500 Million Investment From SoftBank, The Information Reports
---SoftBank's Vision Fund is set to pour half a billion dollars into OpenAI as part of a funding round that values the ChatGPT developer at $150 billion prior to the investment, The Information ...
Growth in Aurizon’s Bulk Business to Offset Long-Term Headwinds to Coal
Aurizon's rail operations hold significant cost advantages over other forms of bulk commodity transportation, though the industry is highly cyclical and competitive. Downward pressure is likely to ...
Singapore Private Home Prices Fall for First Time in Over a Year
Singapore's private home prices fell for the first time in over a year on a slower sales momentum.
EMEA Morning Briefing: Stock Futures Rise Ahead of EU Inflation Data
European stock futures were tracking higher early Tuesday. Asian stock benchmarks were mixed in holiday-thinned trade with China, Hong Kong and South Korea markets closed for a holiday; the dollar was ...
REA Stock Rallies After Property Advertiser Withdraws Rightmove Proposal
SYDNEY--REA Group shares rallied after the News Corp-controlled property advertiser abandoned its multi-billion dollar pursuit of U.K. counterpart Rightmove.
Japan's Major Manufacturers Stay Cautious Amid Global Uncertainties — Update
TOKYO--Sentiment among large Japanese manufacturers held steady during the three months to September, a Bank of Japan survey showed, indicating that uncertainties over the global economy kept them ...