equity
Top StoriesCitadel Accelerates Hiring Push in Hong Kong and London
Top StoriesCrown Agents Bank Owner Explores Sale of British Payments Group –sources
Top StoriesAsian Shares Gain as Fears About Rapid Fed Hikes, Bank Crisis Fade
Top StoriesGlobal Equities Gain, as Rising Bond Yields Pressure Gold
Mfe Offers to Buy 1.05% Stake in Mediaset Espana From Vivendi Ahead of Delisting
Date: March 14, 2023
(Reuters) – MFE-Mediaforeurope said on Tuesday it agreed with Vivendi to buy a 1.05% stake in Mediaset Espana it did not own yet for 10.7 million euros ($11.45 million) as it plans to delist the Spanish broadcaster. MFE, controlled by the family of former Italian Prime Minister Silvio Berlusconi, said the transaction is expected to...
British Ev Startup Arrival Gets $300 Million Funding, Aims to Slow Cash-Burn
Date: March 14, 2023
(Reuters) -Electric-vehicle (EV) startup Arrival on Monday got a $300 million equity financing line from Westwood Capital and said it seeks to slow its cash-burn rate, as the British firm looks to start U.S. production of its van in late-2024. U.S.-listed shares of the company closed 13.5% lower. EV firms have been experiencing a cash...
Novartis Launches New $11 Billion Share Buyback
Date: March 13, 2023
ZURICH (Reuters) -Novartis has formally launched its new share buyback programme where it could spend up to 10 billion Swiss francs ($10.90 billion) repurchasing its shares over the next three years. The Swiss company said it will buy a maximum of 10% of its own stock over the period from its last Annual General Meeting,...
Markets Start Signalling Fed May Be Going Too Far – Amundi
Date: March 9, 2023
By Yoruk Bahceli (Reuters) – Recent moves in bond and equity markets show that investors are starting to worry that the Federal Reserve may hike rates too far, a senior fund manager at Europe’s largest investor told Reuters on Thursday. Cosimo Marasciulo, head of fixed income absolute return at Amundi, said falling market gauges of...
Bank of Ireland to Boost Shareholder Returns in Growth Push
Date: March 7, 2023
By Padraic Halpin DUBLIN (Reuters) -Bank of Ireland will more than triple returns to shareholders this year, it said on Tuesday as the lender laid out plans for substantial further growth on the back of rising interest rates and a strengthening Irish economy. Ireland’s largest lender by assets will return 350 million euros ($267 million)...
Stock Pickers Reckon It’s Time to Move on From Central Banks
Date: March 6, 2023
By Naomi Rovnick LONDON (Reuters) – Stock market investors are calling time on the idea that the Federal Reserve, and other major central banks, have their back. Hopes for interest rate cuts by year-end have evaporated, given resilient data and sticky inflation, suggesting central banks will instead be inclined to keep borrowing costs around their...