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Dollar finds footing as focus turns to Europe inflation
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Australia’s Macquarie explores $6 billion deal for Britain’s M&G, Sky News reports
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Volkswagen’s financial services undergoing reorganization
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Analysis-Watch out risk assets, the rout in bonds is coming your way
Dollar slips, yuan gains on China PMI; hot inflation lifts euro
Date: March 1, 2023
By Herbert Lash and Samuel Indyk NEW YORK/LONDON (Reuters) -The U.S. dollar slid and China’s yuan gained on Wednesday after Chinese manufacturing activity expanded at its fastest pace in a decade, while the euro rose after German inflation data surged last month and raised rate hike expectations in the euro zone. The Australian and New...
Fujitsu to take over Germany’s GK Software for about 432 million euros
Date: March 1, 2023
TOKYO (Reuters) – Japan’s Fujitsu Ltd said on Wednesday that it will launch a takeover offer to acquire German cloud services provider GK Software SE for about 432 million euros ($460.04 million). Under the deal, Fujitsu, which has already secured 40.65% of the shares of GK Software from the German company’s top investors, will acquire...
Puma expects cost pressure on margins to persist in 2023
Date: March 1, 2023
By Linda Pasquini (Reuters) -German sportswear maker Puma on Wednesday gave a forecast for 2023 profit with a midpoint below last year’s number, expecting some impact from currency effects and higher freight and raw material costs. Rising materials and freight costs along with a stronger U.S. dollar, inventory markdowns and higher promotion expenses have pressured...
Novavax shares sink premarket as going concern worries weigh
Date: March 1, 2023
(Reuters) -Novavax Inc’s shares plunged more than 24% in U.S. premarket trading on Wednesday, a day after the COVID-19 vaccine maker raised doubts about its ability to remain in business. The stock dropped as much as 24.4% to $7.0 by 5:30 a.m. ET (1030 am GMT), while its Frankfurt-listed shares fell 24.8%. The company, which...
Julius Baer completes share buy-back programme
Date: March 1, 2023
ZURICH (Reuters) – Julius Baer said on Wednesday it has completed the 400 million Swiss franc ($425.35 million) share buy-back program it launched in March 2022. As part of the program, the Swiss bank repurchased almost 8 million shares at an average price per share of CHF 51.29. The cancellation of the bought back shares...
Euronext pulls $5.8 billion offer to buy Allfunds
Date: March 1, 2023
By Mathieu Rosemain PARIS (Reuters) -Euronext has withdrawn its 5.5 billion euro ($5.8 billion) indicative offer to buy fund distribution firm Allfunds, boosting the exchange operator’s shares while sending Allfunds’ lower. Euronext, home to the Paris, Amsterdam and Milan stock exchanges, did not say why it had dropped the cash-and-shares bid, but a source close...