Europe’s LNG terminals near full-capacity amid deepening tensions between Russia and the West February 17, 2022 Most of Europe's liquefied natural gas terminals have been topped up to full capacity again, following an influx of supplies from the US.
Euronext confirms talks to bid for London Stock Exchange’s Borsa Italiana September 11, 2020 European exchange Euronext has confirmed that it is in talks with state-owned Italian investment bank CDP to submit a bid to buy Borsa Italiana from the London Stock Exchange (LSE). In July, LSE said that it may sell Borsa Italiana or just its bond-trading platform MTS as it tries to win EU approval for its [...]
Sony raises profit outlook by a third amid lockdown home entertainment boom February 3, 2021 Japanese electronics and media giant Sony Corp on Wednesday hiked its full-year profit outlook by a third as it taps surging demand for video games, music and movies as people feast on home entertainment amid Covid19 lockdowns. Reuters reports this morning. Sony now expects 94bn yen ($8.95bn) in operating profit in the 12 months through [...]
Travel restrictions pull Visa quarterly profit lower April 27, 2021 Visa reported a small fall in its quarterly profit as lockdown restrictions continue to have an impact on the world’s travel and retail industries. The payments company reported net income slipped two per cent in the second quarter to $3bn, equivalent to $1.38 per Class A Share. Analysts had expected a profit of $1.27 per [...]
Amazon’s sales forecast misses estimates as it hikes Prime membership in US February 3, 2022 Amazon.com said it raising the price of its Prime subscriptions, as it looks to offset higher shipping costs and wages even after beating profit expectations for the holiday quarter. Shares rose 17 per cent in after-hours trade, after dropping nearly eight per cent before the market’s close as part of a broader technology stock sell-off. [...]
US and UK job markets may look similar, but they are on very different paths June 28, 2021 The US and Europe adopted very different approaches to providing labour market support during the pandemic but as their economies re-open they appear to be experiencing similar problems: worker shortages, a growing number of unfilled vacancies and wage pressures in some sectors. What’s going on? Let’s start with the labour market support programmes themselves. The [...]
London Stock Exchange seals $27bn Refinitiv deal in bid to build Bloomberg rival August 1, 2019 London Stock Exchange Group (LSEG) said today it had sealed a deal to buy data business Refinitiv in a transaction worth $27bn (£22.3bn). LSEG is buying the business in an all-share transaction from Thomson Reuters and a consortium led by private equity firm Blackstone which includes an affiliate of Canada Pension Plan Investment Board and [...]
BlackRock smashes profit estimates as assets reach almost $10 trillion July 14, 2021 Blackrock has reported a 14 per cent rise in quarterly profit and a record $9.5tn in assets under management, signalling increased investor confidence in a post-pandemic economic recovery. The asset management giant posted a second quarter profit of $1.378bn (£994m) or $8.92 per share, up from $1.214bn and $7.85 per share a year earlier. Its [...]
Zoom boss says home working is here to stay as app hikes forecasts June 2, 2021 The shift to home working will be a permanent change to working habits, the boss of Zoom has said, as his company hiked its forecasts for the full year. “Work is no longer a place, it’s a space where Zoom serves to empower your teams to connect and bring their best ideas to life,” said [...]
October saw second highest ever month for ‘mega deals’ November 2, 2020 October was a bumper month for mergers and acquisition activity, with the second-highest monthly tally of “mega deals” on record. Nineteen mega deals – worth $5bn or more – were announced last month, a monthly tally exceeded only once, in May 2007, according to data from Refinitiv. Since 1 January, 93 mega deals have been [...]