Hong Kong bourse to tell LSE investors: Ditch Refinitiv for us September 15, 2019 Hong Kong’s stock exchange will this week try to convince London Stock Exchange (LSE) shareholders that its proposed £32bn takeover is a better deal than LSE’s tie-up with data firm Refinitiv. Read more: Hong Kong hits back at London Stock Exchange over £32bn deal proposal Hong Kong Exchanges and Securities (HKEX) will hold meetings and [...]
City Moves for 11 October – Who’s switching jobs at Leo Burnett, Badi and Refinitiv? October 11, 2019 Today’s City Moves includes Leo Burnett, Badi and Refinitiv Leo Burnett Advertising firm Leo Burnett’s London office has appointed Carly Avener as managing director. In her new role, Carly will be responsible for the day-to-day running and operations of the agency. She will be working with the company’s existing clients such as Iceland, McDonald’s, Betfair [...]
Jefferies sets the mood for Wall Street’s quarter with record revenues October 1, 2021 Jefferies reported record revenues for the third quarter and said its dealmaking backlog for the fourth quarter had also reached new heights, in the first results of the season from Wall Street. Total revenues for the quarter hit a record $1.38bn, up 78 per cent from the $777m reported in the same period a year [...]
Comcast defies Wall Street estimates but falls down on broadband January 27, 2022 Comcast defied Wall Street estimates today, reporting fourth-quarter earnings of $3.06bn (£2.29bn), and boosting streaming numbers. This placed earnings per share at 77 cents adjusted, in parallel to the 73 cents estimated. The owner of Sky increased its dividend by eight per cent to 27 cents per quarter, and Brian L. Roberts, Chairman and Chief [...]
Toyota drives operating profit up to record $9.2bn as sales make strong recovery August 4, 2021 Toyota posted a record Q1 operating profit of 997.49bn yen, or $9.15bn (£6.5bn), on Wednesday but did not alter its annual forecast, as sales recovered from pandemic lows but the carmaker cited “uncertainties” ahead. The Japanese carmaker weathered the global chip supply shortage better than many rivals, and sprinted past analysts’ average expectations of a [...]
Rampant dealmaking pushes Goldman Sachs’ earnings ahead of estimates July 13, 2021 US investment banking giant Goldman Sachs posted a strong set of results on Tuesday which surged ahead of analysts’ forecasts for second-quarter earnings. The rise in profits at the Wall Street giant was driven by the firm capitalising on a record-breaking dealmaking period as companies took on cheap debt and deployed dry powder to snap [...]
Mastercard profits jump more than a third as easing Covid restrictions boost spending July 29, 2021 Mastercard beat expectations and posted a 36 per cent rise in profits in the second quarter, buoyed by an overall increase in spending as vaccine rollouts accelerated, lockdowns lifted and travel picked up. Adjusted net income rose 36 per cent to $1.9bn from $1.4bn in the same period last year. Corresponding earnings per share reached [...]
Causeway Capital calls for ‘refresh’ of Rolls-Royce’s board : CityAM August 31, 2021 Rolls-Royce’s second largest stakeholder has called on the aerospace giant to “refresh” its board as the firm emerges from the worst downturn in aviation history. In an interview with the FT, Jonathan Eng, portfolio manager at Causeway Capital Management, called for incoming chair Anita Frew to review whether the board had the right mix of [...]
$76.7bn of SPAC IPOs break all-time record only ten weeks into 2021 March 15, 2021 So far this year, 258 global special purpose acquisition company (SPAC) IPOs have been brought to the market, up to the end of last week, surpassing the full year annual record of 256 set during 2020 in just 10 weeks. According to new Refinitiv data, published this morning, global SPAC IPO proceeds total just over [...]
Astra Zeneca revenues jump over 40 per cent amid vaccine rollout February 10, 2022 Revenues at Astra Zeneca have risen 41 per cent, with Covid-19 vaccine sales boosting its performance across the year.